John Stossel

  • February 9, 2010 12:39 PM EST

    Bipartisan Health Care Reform

    President Obama invited Republicans to share their ideas on health care. GMU economist Arnold Kling has a nice list of negotiating points that reformers would do well to take with them: 1. All Medicare savings must be used to shore up Medicare. None of those savings can be used to fund new insurance subsidies or entitlements. Medicare is unsustainable, and it is going to need every dollar that we can save, and more. There is nothing to spare for a new entitlement. 2.  Medical savings accounts must not be killed. 3.  Catastrophic health insurance must not be killed or heavily disadvantaged relative to comprehensive ... read more

  • February 9, 2010

    Plaintiffs Bar Buys the Senate

    However well-intended, labyrinth campaign-finance laws mostly serve incumbents and those special interests best able to navigate the paperwork.  In today's Wall Street Journal, the Manhattan Institute's James Copland points out that the trial lawyers have benefited most : Contribution limits favor those best able to "bundle" donations.  The plaintiffs bar, with thousands of well-heeled members willing to write $2,000 checks, is well-situated to play this game. While corporations' interests are dispersed among hosts of ... read more

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  • February 9, 2010

    The "Con" of American Hospitals

    Holly Springs, NC hoped to get a new hospital. The mayor was on board. Investors were ready to build. But the project was halted because of a law, appropriately called a CON law. CON actually stands for “certificate of need.” In other words, to build a hospital, you have to convince state regulators that the hospital is needed. It's one more example of how America does not have a free market in health care. Established hospitals basically can say no to competition. The established hospitals are the folks with the best ... read more

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  • February 9, 2010

    The Road to Serfdom: Public Servants Our Masters?

    Guess which city employee in Madison Wisconsin earned the most money last year?  Not the mayor… not the police chief.  The highest earner was bus driver John E. Nelson.  The Wisconsin State Journal reports that he earned $159,258 last year - $109,892 of it was overtime pay. I once thought city employees were “public servants” who traded low pay for job security.  That was once true.  But not anymore.   Today government workers earn more money than other Americans.  They also have vastly superior benefits. At ... read more

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  • February 8, 2010

    Imprisoning Kids

    Obama's newest "deficit-conscious" budget calls for a 9% increase in federal education spending. Instead of dumping the money on our flailing public K-12 system, he should try something that actually works. Today's Wall Street Journal suggests that he look at the voucher program in Milwaukee: In 2008 the graduation rate for voucher students was 77% versus 65% for the nonvoucher students, though the latter receives $14,000 per pupil in taxpayer support, or more than double the $6,400 per pupil that voucher students receive in ... read more

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About this Web Site

  • John Stossel joined FOX Business and FOX News in October 2009. His show, Stossel, airs on the Fox Business Network on Thursdays at 8 p.m. ET

    He is the New York Times best-selling author of Give Me A Break and Myths, Lies and Downright Stupidity. His "Give Me a Break" commentaries take a skeptical look at a wide array of issues, such as education, the economy, parenting, and more.

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