Health Care

Political Calculations on Soda Tax Concludes: No Externalities Internalized

Finally, Ironman at Political Calculations understands what an externality is. Instead of this: If a deadweight loss exists, it represents the amount of economic activity that has been directly lost because of the imposition of the tax, which tells us the degree to which the city’s economy may have shrunk as a result. He now writes: …many claim that such a [soda] tax would fix what in economics is called a “negative externality”, which in this case, represents higher costs to public health systems for treating conditions such as obesity and diabetes, where sweetened beverages are targeted by soda tax advocates for their contributions to the problems they proclaim because of their popularity and their sugary calorie content. I am thankful for small blessings. Regarding the Philadelphia soda...

The Three Most Powerful Men In American Business Can’t Figure Out Why No One Wants This Terrible Job They Created

Question: Who wants to run a brand-new healthcare company in modern America while working for Jeff Bezos, Warren Buffett and Jamie Dimon simultaneously? Did you answer “Nobody smart”? Because you’d be right! Take it away, CNBC: Almost four months ago, Amazon, Berkshire Hathaway and J.P. Morgan Chase announced a bold new partnership aimed at bringing down the costs of health care.But ABC, as the group is known, has encountered a surprising challenge filling the CEO spot. “Wow,” the most potentially awful job in the world of business remains empty, and the men who created it are flummoxed as to why. Berkshire CEO Warren Buffett said at the company’s investor meeting earlier this month that the consortium hoped to have a CEO “within a couple of months.” We get that Buffett and his new partner...

Buffett, Bezos And Dimon Are The Traveling Wilburys Of Capitalist Social Justice Warrior Billionaires

Well, if the healthcare industry didn’t have enough uncertainty on its plate (it did), it got served a pipin’ hot helpin’ of “what the actual fuck is this?!” on Tuesday morning when Amazon, Berkshire and JPMorgan said they’re planning on teaming up on a way to offer health care services to their employees. What does that even mean? Well, that’s part of the problem for the likes of  UnitedHealth, CVS and McKesson, which all fell sharply in the pre-market on the headline: See the thing is, whatever industry you happen to be in, just about the last thing you want to hear is that Jeff Bezos is thinking about postin’ up on your block, because if he does, your hustle is over. Whatever it is you were selling, Jeff’s going to sell it cheaper and deliver it more efficiently and that goes for everyt...