Archive for August 26th, 2009

The problem with Potter

August 26th, 2009 | Category: news

The New York Times, in an op-ed column, describes how former insurance executive Wendell Potter is now championing universal health care, a “reform” he worked hard to oppose while he was employed by the industry. Potter feels remorse for some of the practices his former industry uses to cut costs, and he wants universal health care to solve these problems.

Potter notes the following unsavory, though legal, tactics used by insurance companies:
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Another lesson on making deals with the devil

August 26th, 2009 | Category: news

Even in a free market, sometimes there’s buyer’s remorse. That Louis Vuitton handbag that cost two mortgage payments doesn’t seem nearly so attractive when the credit card bill arrives. Right after you buy a hamburger, you walk past a shop selling macaroni and cheese and wish you’d ordered that instead. You love your new cashmere sweater, but you wish you could have bought it for $50 less.

In a free market, there are multiple possibilities Read more

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