‘Mandates are your friend’ economist tells Chamber group
Thursday, May 3rd, 2007BY JOHN SCHROYER
THE COLORADO STATESMAN
At the Denver Metro Chamber of Commerce’s fifth annual health care policy breakfast Friday morning, economist Len Nichols received a rousing ovation even after informing a room full of business leaders that they should not be afraid of government mandates.
“I submit to you that a mandate can be your friend,” Nichols argued in his hour-long presentation. Nichols, the director of the Health Policy Program at the New America Foundation and a former Clinton appointee, told his audience that what is needed is heightened cooperation between private companies, health insurance providers, the government, and consumers.
“I tell you, it’s not a question of charity. It’s a question of stewardship. We’re spending money stupidly,” Nichols said, and added that it would cost less to provide basic health insurance than it currently does to provide care for unintended illnesses and related costs.
He argued there was a balance to be struck between the free market and government regulation, and that message — perhaps surprisingly — resonated within the crowd that morning. (more…)