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...part, the U.S. does face an important challenge as well. The substance of Obama’s speech was positive and indicated that he recognizes the importance of climate-change efforts, though he could not provide much substance. While the Waxman-Markey bill would make the U.S. the clear leader in climate-change reform, the bill remains stalled in the Senate after passing through the House. While we do not agree with the Los Angeles Times that this situation renders Obama’s words meaningless and the U.S. position “woefully weak...
...This final bill will have three major objectives: providing near-universal coverage, improving the quality of health-insurance policies, and controlling the cost of health care (often wonkishly referred to as “bending the cost curve”). Although the legislation is likely to accomplish the first two goals, stemming health-care inflation will prove more elusive...
...emerged on the merits of a public option—a government-run, non-profit, health-insurance plan that would compete with private insurers. Although conservatives have derided the public option as an unnecessary expansion of government, there is a strong economic rationale for including it in the bill. In 34 states, five companies or fewer control the market for insurance available to small groups. These insurers’ dominant market shares make it difficult for new, private competitors to emerge, which keeps insurance costs high...
...special health courts with expert judges should hear medical malpractice cases, a model similar to tax or bankruptcy courts. This would preserve plaintiffs’ legal right to sue while limiting unwarranted damages, reducing the cost of medical care. In a recent New York Times op-ed, former Senator Bill Bradley proposed a bipartisan compromise in which Republicans accept a public option in return for tort reform. Although political considerations probably make such a deal impossible, Congress should reconsider Bradley’s proposal...
...added a new title to his business card: fiction writer. His latest book, Only the Super-Rich Can Save Us!, is a 700-page populist fantasy in which a small group of billionaires and media moguls - led by Warren Buffett and including Ted Turner, George Soros, Bill Cosby, Yoko Ono and Phil Donahue - pool their massive resources to reform the U.S. With the help of a $15 billion war chest and a p.r. campaign starring a talking parrot, the group successfully unionizes Walmart, ends corporate influence on Congress, makes Warren Beatty the governor of California and legalizes industrial hemp. TIME...