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Tuesday, November 06, 2007

Greg Mankiw keeps digging his hole

As Krugman pointed out yesterday, I hope Republican candidates parrot Mankiw. When someone like me (always had health insurance, in good general health) gets denied health coverage due to "pre-existing conditions", you know the system is screwed up beyond help and radical reform is needed. Note that I can afford health insurance (and I'm covered currently through my employer's group health care). It's the individual health insurance market that's all messed up.

Maybe the radical reform can be as simple as: "You must provide a single quote to all your customers, young or old, rich or poor, healthy or not. You are not allowed to deny anyone coverage if they ask and are willing to pay that single quote." But something has to be done, and the candidate that has a concrete plan to do it will get my vote.

Seriously, even if you're care only for economic development, portable universal healthcare makes sense. By guaranteeing healthcare even if you run off to join a startup, you've reduced the risk of joining startups or starting your own businesses, and those are the engines of economic growth.

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