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Michael F. Cannon 🇮🇪🇺🇸 Profile
Michael F. Cannon 🇮🇪🇺🇸

@mfcannon

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“Influential health care wonk at the libertarian @CatoInstitute”-WP @CatoHealth Bsky: @ mfcannon 🧵: @ michaelfcannon https://t.co/iSsIoCZyN7

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Joined November 2009
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
10 years
Think of your least favorite presidential candidate. Now imagine s/he wins. Doesn’t limiting government power seem like a good idea?
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
2 hours
Some say that health insurance companies just want to make money. If so, that would make them even more amazing. It would mean they harness pure selfishness to produce an unquestionably compassionate result. https://t.co/5K2Fljvox1
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
4 hours
Progress requires ending government controls, such as by transforming Medicare into a Social Security-like cash subsidy. Perhaps Emanuel can support this idea, which merely applies traditionally Democratic public-option principles to Medicare. https://t.co/IxiWKLLufj
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cato.org
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
4 hours
Trying to improve health care quality by having government set non-price terms of exchange (bundling services, tying payment to quality) has likewise failed. Etc., etc.. https://t.co/L4gf3sCr1g
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
4 hours
Government intervention, including government price-setting, has led to higher health care prices than we would see in a competitive market. Competitive bidding for in-kind government subsidies has increased, not reduced, spending on those subsidies. https://t.co/bCwlYcD9Nk
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
4 hours
Emanuel’s five “new” health care ideas: 1. Price controls 2. Exchange controls 3. Competitive bidding to reduce in-kind subsidies 4. More price controls 5. Govt directing innovation Congress is already doing all of those, and they’re not working. https://t.co/QcTLNeHoRm
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washingtonpost.com
Democrats won an opening. They can use it to cut costs.
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
5 hours
When people criticize health insurance companies, in most cases it is for actions that government interventions put unrelenting pressure on those companies to take. Without those pressures, health insurance companies could and would do even more good. https://t.co/5K2Fljvox1
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@HicksCBER
Michael J. Hicks
17 hours
This is a very good read.
@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
22 hours
When someone murdered health insurance executive Brian Thompson on a Manhattan sidewalk one year ago this week, I chose not to engage the grotesque dialogue that took hold but instead to write an open letter to his teenage sons. https://t.co/5K2Fljvox1
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
19 hours
Government intervention turns the short-term incentive that insurers face to deny coverage into a long-run imperative. https://t.co/5K2Fljvox1
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
22 hours
When someone murdered health insurance executive Brian Thompson on a Manhattan sidewalk one year ago this week, I chose not to engage the grotesque dialogue that took hold but instead to write an open letter to his teenage sons. https://t.co/5K2Fljvox1
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
2 days
"GAO’s preliminary analyses also identified at least 30,000 applications in plan year 2023 and at least 160,000 applications in plan year 2024 that had likely unauthorized changes by agents or brokers. This can result in consumer harm" https://t.co/S8ywgiUQBo
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
2 days
"CMS has not updated its fraud risk assessment since 2018 despite changes in the program and its controls. Further, CMS’s 2018 assessment may not fully align with leading practices...CMS did not use its 2018 assessment to develop an antifraud strategy." https://t.co/S8ywgiUQBo
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
2 days
"CMS officials explained that the federal Marketplace does not prohibit multiple enrollments per SSN..."
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
2 days
"GAO’s preliminary analyses identified over 29,000 SSNs in plan year 2023 and nearly 68,000 SSNs in plan year 2024 used to receive more than one year’s worth of insurance coverage with [premium subsidies] in a single plan year... https://t.co/S8ywgiUQBo
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
2 days
"GAO’s preliminary analysis of data from tax year 2023 could not identify evidence of reconciliation for over $21 billion in [premium subsidies] for enrollees who provided SSNs to the federal Marketplace for plan year 2023." https://t.co/S8ywgiUQBo
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
3 days
One of the prosecutors in the Minnesota fraud cases said, “No one will support these programs if they continue to be riddled with fraud.” That is manifestly false. https://t.co/7XI9q5swPE
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@marklisheron
Mark Lisheron
3 days
"What’s exceptional is that people are not adopting the blasé attitude that they typically take." Excellent work by one of the stalwarts in the accountability field, @mfcannon.
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
3 days
So far as I can tell, the schemes in the Minnesota fraud scandal do not appear to be exceptional. What’s exceptional is that people are not adopting the blasé attitude that they typically take toward such fraud. https://t.co/7XI9q5swPE
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@CatoInstitute
Cato Institute
3 days
Congress can make health insurance affordable for millions of Obamacare enrollees without costing taxpayers a dime, by codifying the Trump rule from 2018. @mfcannon explains. Read more here: https://t.co/xlKlcDVT75
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@mfcannon
Michael F. Cannon 🇮🇪🇺🇸
3 days
"The federal Marketplace approved coverage for nearly all of GAO’s fictitious applicants in plan years 2024 and 2025, generally consistent with similar GAO testing in plan years 2014 through 2016" https://t.co/S8ywgiUQBo
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