The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
January 21st, 2010
Episode 235 of 920 episodes
We debate the merits of the so-called "Cadillac" tax, a proposed tax tax on expensive health insurance plans. Jonathan Gruber, an economist at MIT, is a champion of the tax. He says charging consumers a bit more for pricey plans will make them think twice about rushing off to the emergency room for a swollen knee. Plus, he says it could mean a few extra dollars in your pocket. Gruber reasons that if employers are spending less on benefits, they'll put more money into paychecks. Not everyone agrees with Gruber including today's special guest. He says the tax will only make employers richer and hurt the middle class.