Tom Hall: New England Compounding Center took advantage of deregulation to eliminate costs for safety measures. And “customers” died, killed by the contaminated drugs produced in the newly deregulated factories.
Steve Hochstadt: We grredy American homeowners appear as co-conspirators in many judgments about what caused the great recession. In these interpretations, many of us were greedy for wanting bigger homes than we deserved, foolish to have then bought larger houses than we could afford, and stupid for agreeing to the low-interest/low-payment scams of mortgage sellers.
John Peeler: The wrenching drama of the latest coal mine disaster, this one at the Upper Big Branch coal mine in West Virginia, reminds us to be careful what we wish for. Just as the Obama administration is finally imposing a moratorium and stronger regulations on “mountaintop removal” as a means of getting at coal through open-pit mining, an explosion in a deep mine points up the hazards of getting at coal the traditional way.
The fact of the matter is that the medical delivery system can certainly use improvement, which is being done by, among other things, the importation of systems-management procedures; and clinical trials of various sorts; but the insurance industry is of no help in either effecting these improvements or in the diagnosing or treating of patients. It merely adds another obnoxious burden, the aggravation and financial cost that all of us must bear.