Yesterday, I enjoyed the privilege of talking about Slaying Leviathan with the Tuesday Morning Group, a monthly gathering of freedom-loving Virginians, sponsored by Tertium Quids. It was great to talk with them about my book, and especially to catch up with Jeffersoniad friends like Rick Sincere and Norm Leahy.
After I spoke, Donna Arduin of Arduin, Laffer & Moore Econometrics and Randy Forbes, conservative Congressman from Virginia, addressed a news conference announcing The Prognosis for National Health Insurance: A Virginia Perspective, a new policy study released by the Virginia Institute for Public Policy.
According to the report, rising government expenditures are the main factors driving the growth of the health care wedge–the economic separation between providers and consumers and a primary driver of rising health care costs. The report finds, “President Barack Obama’s principles to drastically alter U.S. health care policy–a public health insurance exchange, mandated minimum coverage, mandated coverage of preexisting conditions, required purchase of health insurance–do not address the growing wedge and its role as the fundamental driver of health care costs. In fact, they will further increase the wedge, and can thus be expected to increase medical price inflation.”
The bottom line for Virginians? President Obama’s health-care “reform” priorities would cost $4,176 (net present value) for every person in our Commonwealth, according to the report.