Round and Round It Spins - Our Latest Health Care Revolving Door Roundup

DiscussionThe revolving door has been a chronic problem for the US, but seems to only be getting worse.  We saw plenty of examples of people transiting the door to or from the US executive branch during the George W Bush and Obama administrations.  We are still seeing people transiting the door from the latter administration.  However, the number of people transiting the door into the Trump administration seems unprecedented, although admittedly that impression is based on series of cases, not systematic quantitative studies.So, as I have said before, most recentlyin August, 2017,The revolving door is a species ofconflict of interest. Worse, some experts have suggested that the revolving door is in fact corruption.  As we notedhere, theexperts from the distinguished European anti-corruption group U4 wrote,The literature makes clear that the revolving door process is a source of valuable political connections for private firms. Butit generates corruption risks and has strong distortionary effects on the economy, especially when this power is concentrated within a few firms.The ongoing parade of people transiting the revolving door from industry to the Trump administration once again suggests how the revolving door may enable certain of those with private vested interests to have excess influence, way beyond that of ordinary citizens, on how the government works, and that the country is still increasingly being run by a cozy group of insiders with ties to bo...
Source: Health Care Renewal - Category: Health Management Tags: Donald Trump health care corruption regulatory capture revolving doors Source Type: blogs