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Economist Critiques Medicare Pricing, Questions Obamacare Impact

10/9/2025

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Summary

Story summary

Economist John Cochrane critiques the author's article on U.S. health care pricing disparities, focusing on Medicare cataract payments and suggesting pricing reflects lobbying.
The author contends Medicare prices influence private insurance and drug pricing. Michael Morrisey's work shows Medicare and Medicaid crowd out private customers, raising private prices.
Germany's insurance study finds minimal welfare loss, prompting questions about Obamacare regulations.

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Story summary

Economist John Cochrane critiques the author's article on U.S. health care pricing disparities, focusing on Medicare cataract payments and suggesting pricing reflects lobbying.
The author contends Medicare prices influence private insurance and drug pricing. Michael Morrisey's work shows Medicare and Medicaid crowd out private customers, raising private prices.
Germany's insurance study finds minimal welfare loss, prompting questions about Obamacare regulations.