Thursday, May 2, 2024
 
Former Washington Policymakers Confess their Sins in Op-Eds, and Readers Jeer

NEW YORK – Aug. 2 (DPI) – The Wall Street Journal this week managed to extract confessions from former Washington policymakers who admitted in op-ed pieces that complex government policies are contributing to the ongoing crises in health care and education. Readers, of course, enjoyed the public self-criticism and posted a chorus of jeers.

Sheila Bair, former head of the FDIC and an activist bank regulator, wrote in a WSJ op-ed that she once wrote a book on the virtues of personal saving. But she writes that she has since discovered, as president now of a small liberal-arts college, that parents today have no incentives to save for college – and in the current environment are incentivized to pursue government-sponsored student loans.  The op-ed’s headline? “Paying For College Has to Be Easier Than This.”

And Dr. Robert Kocher, formerly one of Obama’s architects and advocates for his landmark Affordable Care Act, said he assumed that competition among health-care providers would help drive down costs. Instead, he writes now, consolidation among major providers – and oversized organizations generally – have not improved care. He writes that smaller providers do a better job of providing primary care.  Kocher today works for a venture capital firm in Silicon Valley.

His op-ed’s headline? “How I was Wrong About Obamacare.”

Comments attached to both op-eds jeered at the authors for both their naivete and the cost to society of their initial positions. Both education and health care are sectors beset by inefficiency, corruption and overregulation, reader posts said.

http://www.wsj.com/articles/i-was-wrong-about-obamacare-1469997311

https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=how+I+was+wrong+about+obamacare

https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=paying%20for%20college%20has%20to%20be%20easier%20than%20this

 

 

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