Although subsidizing health insurance may seem a worthy effort, a positive contribution to the goal of universal coverage, it is among the most inefficient spending in the nation’s fiscal arsenal.
“If you had $150 billion to play with, you could come very close to universal coverage,” said David Cutler, an economics professor at Harvard. One reason that we are 45 million people short of that goal is that the money isn’t being spent on them.
According to President Bush’s advisory panel on tax reform, about half of the tax break for health insurance accrues to families making more than $75,000 a year. More than a quarter goes to families making over $100,000.
Health Care for All, Just a (Big) Step Away (NY Times op-ed)
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