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Posts Tagged ‘Greg Mankiw

Jon Stewart is such a shill

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On the February 13, 2012 episode of the Daily Show, Jon Stewart cuts to Obama pretending to back down on his mandate that workplaces affiliated with religious bodies (e.g. affiliated to the Catholic Church) need to pay for contraception in the health plans they offer to their employees (around the 5’20” mark) — .

If a woman’s employer is a charity or a hospital that has a religious objection to providing contraceptive services as a part of their health plan, the insurance company, not the hospital, not the charity, will be required to reach out and offer the woman contraceptive care free of charge. Religious organizations won’t have to pay for these services and no religious institution will have to provide these services directly.
— Barack Obama

Thankfully, Steve Landsburg and Greg Mankiw come to the rescue .

That’s because all economists understands that transferring the responsibility from employers to insurers amounts to transferring the cost from insurance buyers to insurance buyers, which is to say that it’s not a change in policy. One of the first and most important lessons we teach our students is well summarized by a slogan: “The economic burden of a tax is independent of the legal burden”. Ditto for a mandated insurance purchase. It is not the law, but the underlying price-sensitivities of buyers and sellers, that determines where the burden ultimately falls.

For Stewart’s sake I hope Obama loses.

Written by Polevaulter Donkeyman

February 15, 2012 at 01:51