Insider Trading Legal for Members of Congress, and Other Links
Insider trading is legal if you are a member of Congress. (HT to Alex Tabarrok)
Shortage of Massachusetts physicians is getting worse. Nearly half of all primary care practices are now closed to new patients.
Crowdsourcing: You e-mail your medical problem to lots of doctors. Of 1,000 doctors who responded, one-third correctly guessed that a Chinese woman was being poisoned by thallium. (HT to Jason Shafrin)
Crowdsourcing is interesting, but impractical. Doctors my respond occasionally out of curiosity, but they will not respond routinely without being paid.
And if you have to pay 1,000 doctors for their opinions, the cost of care will be enormous.
Harry Reid can be an insider trader and not violate the law? That’s rich!
As Massachusetts goes on health care, so goes the country. Sorry to say.
How do they know that the 1,000 respondents are doctors? Of medicine?
Vicki, it’s going to be much worse nationwide than it was in Massachusetts. The problem was relatively small in Massachusetts to begin with.
There’s something wrong with a health care system that has long waits for primary care but provides same day service for breast augmentation and botox.
Artk, it’s not the same system. The botox and cosmetic surgery “system” consists of real markets where providers compete for patients based on price and quality and patients pay with their own money.
The rest of the health care system is an artificial market, dominated by third-party payer istitutions, where patients pay little or nothing out of their own pockets, where providers do not compete for patients based on price or quality, and where care is rationed by waiting.
Dermatology is the perfect example of a real market versus an artificial market. If you call a dermatologist to have a suspicious mole checked out, it takes a month to get in when the exam is covered by third-party insurance. If you call wanting Botox injections, you’re probably in within a couple days.
Harry Reid’s opponent keeps asking how he got so rich. Now I think I know.
I think artk deserves the slow pitch of the month award.
Insider trading: Why isn’t anyone more upset about this? I wonder how many brokers get their “information” when their congressman client calls in to make a big trade on the eve of a vote.
What would von Mises say about this? He didn’t believe in copyright laws. I wonder how he would feel about inside information, especially since trading laws are so hard to enforce.
Let’s put it this way, Virginia. I think I now know the answer to Sharron Angle’s question: How did harry Reid get rich?