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Full-Text Articles in Law
Reducing The Discount Rate, Ben L. Trachtenberg
Reducing The Discount Rate, Ben L. Trachtenberg
Faculty Publications
This article presents two arguments against the “discounting” of future human lives as part of cost benefit analysis, or CBA. Our first argument is that because CBA has thus far ignored evidence of rising health care expenditures, it underestimates the “willingness to pay” for health and safety that future citizens will likely exhibit, thereby undervaluing their lives. Our second argument is that until recently CBA has ignored the trend of improved material conditions in developed countries, and most agencies continue to ignore it entirely. As time advances, residents of rich countries tend to live better and spend more, meaning that …
How The Supreme Court Doomed The Aca To Failure, Thom Lambert
How The Supreme Court Doomed The Aca To Failure, Thom Lambert
Faculty Publications
Now that the dust has settled somewhat, we may assess the likely consequences of the decision in National Federation of Independent Business v. Sebelius. This article briefly summarizes the reasoning underlying the decision's individual mandate ruling. It then considers what lies ahead for health insurance and medical care in the United States if the ACA, as modified by NFIB, is not repealed. Be warned: the picture isn't pretty.