Wednesday, April 14

Criticizing Kerry's "middle class misery index", Easterblogg has these nuggets:

"It would be easy to reduce health care costs--just stop paying for heart surgery over the age of 70, stop paying for most dialysis, stop paying for nonessential procedures that only relieve pain, stop trying to save very premature infants, and so on. (I cite these because they are the real-world ways that some European health care systems restrain costs.)

"And college costs are rising but so are benefits, with university enrollment setting records and an ever-higher percentage of high-school graduates having at least some college experience. College costs seem to be up right now mainly for standard supply-and-demand reasons--demand (number of students wishing to enter) is rising faster than supply (freshman slots). You could certainly restrain college costs by reducing demand (number of students wishing to enter). But it's good that ever-higher numbers of students wish to enter college! This tells us many favorable things about trends in American middle-class life, as sending the children to college, once a rarity, has become the national norm."

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