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Dr. Biden, B.S.

Joe Biden, healthcare, cancer,

“I promise you, if I’m elected president,” Democratic Party frontrunner Joe Biden told an Iowa audience, “you’re going to see the single most important thing that changes America, we’re gonna cure cancer.”

It’s the sort of claim that makes snake-oil salesmen blush. 

“That is a very, very bold campaign promise to be making,” offered CNN’s Kate Bolduan incredulously. 

“Bold” wasn’t the term that came to my mind, but another word beginning with the letter-B.

“We have to remember he is a subject matter expert in that area,” responded Rep. Cedric Richmond (D-La.), a co-chairman of Biden’s presidential campaign.

This is the expertise for which Washington is so famous. Surprising that more hospitals don’t have a career politician on call, eh?

Nobody questions the former Vice-President’s support for the cause of eradicating cancer, of course; Biden lost his son to the disease in 2015. We must, however, question the veracity of what comes out of his mouth.

Biden’s fib or fantasy — or whatever you call it — reminds me of former Congressman George Nethercutt (R-Wash.). In 1994, he defeated then-Speaker of the House Tom Foley by pledging to serve no more than the three terms that Evergreen State voters enacted via a term limits ballot initiative.

“Thousands of people have urged me to run again,” explained Nethercutt, seeking a fourth term years later. “They believe in the work I’m doing to cut taxes, to open foreign markets for our farmers, and to help find cures for diseases like diabetes and cancer.”

Today, defending candidate Biden, Rep. Richmond defines credulity. “If he believes we can do it, I believe him.” 

There may be a sucker born every minute . . . but it ain’t me.

This is Common Sense. I’m Paul Jacob.

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Joe Biden, healthcare, cancer,

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free trade & free markets national politics & policies too much government

Just Like That!

socialism, magic wand, economics, healthcare, prescription drugs, drugs,

“We will do that,” he said.

Do what?

“We will look at the average costs of prescription drugs in Canada, the UK, Germany, Japan and France,” says Sen. Bernie Sanders (I/D-Vt.), “which are 50 percent lower than they are in the United States,” he told Margaret Brennan on Face the Nation. 

And Sanders promises: “if I am elected president I’m going to cut prescription drug costs in this country by 50 percent so that we are not paying any more than other major countries are paying. Maybe we can do better than that.” 

When Ms. Brennan asked how, he replied as above — looking at “average costs” as directly priced to consumers (patients) —  and then . . . “we will do that.”

Socialism is so easy!

Why have we waited so long for utopia?

Well, saying is not the same as doing. We must think “beyond Stage One,” as Thomas Sowell advises. For if “Medicare for All” tells a company it will pay only so much for a drug, that company cannot just sell that drug and all others below cost. No wonder that in socialized medicine schemes around the world, not all drugs are even available.

The world prescription drug market is set up . . . peculiarly. Americans in effect pay more (because of patents and trade agreements) thereby covering development costs. If we pay less, others may have to pay more (which would be an odd thing for a “socialist” to want) and we would all come to get even less.

Bernie is no wizard, and socialism has no magic wand with which to wave away scarcity.

This is Common Sense. I’m Paul Jacob.

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socialism, magic wand, economics, healthcare, prescription drugs, drugs,

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Accountability crime and punishment general freedom ideological culture moral hazard nannyism national politics & policies privacy too much government U.S. Constitution

Hooray for Congress!

right to try, treatment, healthcare, Rights, FDA, democrats, Congress, medicine, experimental,

When Congress behaves badly, I criticize. When it works well, I applaud.

I’ve waited a long, long, long time to put my hands together in polite applause.

It happened yesterday.

The U.S. House of Representatives passed a Senate bill, largely along party lines, to give those facing a terminal illness the “right to try.” That is, the right to try experimental drugs and treatments that haven’t yet been approved by the federal Food & Drug Administration (FDA). 

Of course, Congress doesn’t actually give us rights. We have always had the common law right — indeed, the human right — to freely seek a path to wellness when we are ill.

From time immemorial. Even before the FDA.

So, this legislation was, more correctly put, a way to announce that the congressionally-created FDA would stop blocking our freedom . . . provided we are dying and the government-approved medical establishment has no more licensed hope to offer.

The bill now goes to President Trump. “People who are terminally ill should not have to go from country to country to seek a cure,” he declared in his last State of the Union, “I want to give them a chance right here at home.”

Democrats overwhelmingly disagreed. 

“This will provide fly-by-night physicians and clinics the opportunity to peddle false hope and ineffective drugs to desperate patients,” argued Rep. Frank Pallone (D-N.J.).

Rep. Jan Schakowsky (D-Ill.) likewise charged that the legislation “puts patients at risk by allowing the sale of snake oil.”

But of course these patients are dying. That’s already as “at risk” as it gets. Our right to live includes a right to try to live.

This is Common Sense. I’m Paul Jacob.

 

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Accountability folly free trade & free markets general freedom ideological culture moral hazard nannyism national politics & policies too much government

ObamaCare’s Casualties

healthcare, Obamacare, TrumpCare, ACA, Affordable Care Act, Healthcare reform, government, socialism

We all know the truth: Partisan “warfare” yields the usual war casualty, truth itself. Now, because of the increasing weight of federal government presence in healthcare markets, partisan untruth incurs medical costs.

Take the goofy Republican plan(s) to “repeal and replace” ObamaCare — pushed with so many half-truths and downright lies that one wonders where to begin. But before die-hard Republicans get too incensed about this judgment, let’s note that the supporters of the mis-named “Affordable Care Act” are no better.

Probably worse.

“Fact-checking,” writes David Harsanyi on the media mishandling of ObamaCare, “has evolved from an occasionally useful medium to an exercise in revisionism and diversion.” Journalists now seem more like spin doctors.

And their patient? The reputation of ObamaCare’s namesake.

One journalist, for example, insists that “Obama didn’t lie or ‘mangle facts’ or mislead anyone,” Harsanyi writes.

What does this journalist claim Obama did in repeatedly promising “if you like your doctor you can keep your doctor”?

Well, “he gave a ‘misguided . . . pledge.’ The word ‘misguided’ intimates that Obama wasn’t misleading anyone on purpose.”

It helps the former president save face if he accidentally got us in this fix. He had the best intentions, you know.

Worse yet, as both sides snipe about these little untruths, they lose sight of the biggest truth, which I wrote about this weekend: that “government-run” means “government-decided,” and that, in turn, means

government deciding matters of your life and your death.

It would be helpful if our leaders took this all a bit more seriously, daring to speak truth . . . to us . . . as well as to themselves and each other.

This is Common Sense. I’m Paul Jacob.

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education and schooling free trade & free markets general freedom ideological culture media and media people national politics & policies privacy property rights responsibility too much government U.S. Constitution

According to Economics

Tom Woods, Contra Krugman, podcast, healthcare, welfare,

“Everywhere you look, economics is despised,” writes Tom Woods in his Tuesday email letter.

You know what isn’t despised? A daily email letter.*

But I digress; back to economics.

“The gimme-free-stuff people hate it because they don’t like being told that there might be undesirable side effects from seizing other people’s things.”

Well, true enough. But turn it around: many people demand free stuff at least in part because they do not understand the bigger picture . . . which Mr. Woods ably provides in his daily podcast and on his weekly Contra Krugman podcast with economist Bob Murphy.

“Politicians hate it, because it imposes logical constraints on what political activity can accomplish.”

True, but, like many in the general public (from whence they come), politicians’ prior lack of economic knowledge also leads, in part, to their hubris.

“Even some folks in the business world hate it, because (1) they’d rather agitate for special privileges than hear the case for free markets, and (2) they’d rather have low interest rates than be warned about the causes of the business cycle.”

Yes, too true. But, again, business people are generally just people, most of whom haven’t even been exposed to something beyond boring and misleading textbook econ, if that. Mr. Woods knows that, since that’s what his mission is, exposing more folks to ideas beyond what he calls “the index card of allowable opinion.”

Well, I’m all about allowing the unallowable — if it’s right!

This is Common Sense. I’m Paul Jacob.

 

* Historian Woods is now doing what I’ve been doing since 1999, providing a daily common-sense thought that is short and easy-to-read and dropped into your email box every weekday. Mine goes up online at ThisIsCommonSense.com; I don’t see his on his website . . . but I do see a lot of books and podcasts!

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Accountability folly free trade & free markets general freedom moral hazard nannyism national politics & policies responsibility too much government U.S. Constitution

According to Logic

healthcare, Obamacare, Trumpcare, Affordable Care Act, pre-existing condition

“Polling on every possible option confounds all logic,” or so writes Tiana Lowe about ObamaCare and its repeal, at National Review.

“Americans overwhelmingly dislike the individual mandate and prioritize lowering the cost of health care over all other health problems in the country,” Ms. Lowe elaborates, “but a majority of Americans do not want to roll back Obamacare’s guaranteed coverage of pre-existing conditions. Just a quarter of Americans are happy with Obamacare as-is, but a mere 12 percent favor the now-dead Senate health-care bill.”

Perceptively, she notes that the situation is as bad or worse for politicians, who want to “have their cake and eat it too.” The problem with politicians is pretty obvious: they lie because they are afraid of confronting the truth.

But it seems to me, on the evidence Lowe herself provides, Americans mostly have it right.

We want to lower costs of health care. Well, that should be the first priority. It should’ve been government’s highest priority, since government caused our predicament.

A huge supermajority is unhappy with ObamaCare, which makes sense. The Affordable Care Act is not affordable. But the Senate health-care bill was worse than ObamaCare, so folks were right to oppose it.

The only real issue? Many Americans don’t seem to understand that the “pre-existing coverage” mandate necessarily raises costs. Forcing insurance companies to pay for non-eventualities* requires them to pass those extras onto customers in general. Here is where leadership would be of help.

And where it has failed, our President most of all.

Lowe criticizes Trump for not pushing the Senate’s bill more effectively. I’m thankful for that.

This is Common Sense. I’m Paul Jacob.

 

* Insurers wager against unpredictable future illness or accident, not the sucker’s bet of paying for an existing predicament.

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