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When the Going Gets Tough, the Tough Run to the Gov't...?

Complete video at: Uwe Reinhardt counters the notion that America is made up of independent, rugged individualists. Offering the example of an uninsured, helmetless motorcyclist, Reinhardt believes that both Americans and their banks follow the mantra: "When the going gets tough, the tough run to the government." ----- Are Big Business and Big Government enemies? According to journalist and author Tim Carney, that story is a myth. Both Republicans and Democrats bilk taxpayers to benefit their corporate allies and K Street lobbyists, whether the issue is health care reform, climate change, or defense spending. The Obama administration's bailouts and "stimulus" package(s) have taken the taxpayer-bilking to historic levels -- a remarkable achievement, considering the previous administration. And at the same time the president promises his health care overhaul will put patients first, the legislation he supports has corporate lobbyists once again lined up at the trough. - Cato Institute Uwe Reinhardt is James Madison Professor of Political Economy and Professor of Economics and Public Affairs. Recognized as one of the nation's leading authorities on health care economics, Reinhardt has been a member of the Institute of Medicine of the National Academy of Sciences since 1978. He is a past president of the Association of Health Services Research. From 1986 to 1995 he served as a commissioner on the Physician Payment Review Committee, established in 1986 by Congress to advise it on issues related to the payment of physicians. He is a senior associate of the Judge Institute for Management of Cambridge University, UK, and a trustee of Duke University, and the Duke University Health System. Reinhardt is or was a member of numerous editorial boards, among them the Journal of Health Economics, the Milbank Memorial Quarterly, Health Affairs, the New England Journal of Medicine, and the Journal of the American Medical Association.
Length: 03:27


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