From the Wall Street Journal (16 May 2011).

Gingrich Blasts House GOP’s Medicare Plan

White House hopeful Newt Gingrich called the House Republican plan for Medicare^[1] right-wing social engineering, injecting a discordant GOP voice into the party’s efforts to reshape both entitlements and the broader budget debate.

In the same interview Sunday, on NBC’s Meet the Press, Mr. Gingrich backed a requirement that all Americans buy health insurance….

— Laura Eckler, Gingrich Blasts House GOP’s Medicare Plan in the Wall Street Journal, 16 May 2011

Just a reminder: There’s No Right Way to Manage a Subsidy. And no right way to manage a captive market, either.

1. ^[1][Phasing out Medicare over the next 10 years in favor of a government subsidy for retirees to buy special government-regulated corporate health insurance plans for old people. –R.G.]↩

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