[if mso | IE]> | СThe Office of Management and Budget (OMB) shows that federal subsidies for coal in the United States were planned to be reduced significantly between 2011 and 2020, provided the budget passed through Congress and reduces four coal tax preferences, namely Expensing of Exploration and Development Costs, Percent Depletion for Hard Mineral Fossil Fuels, Royalty Taxation and Domestic Manufacturing Deduction for Hard Mineral Fossil Fuels.[19] The fiscal 2011 budget proposed by the Obama administration would cut approximately $2.3 billion in coal subsidies during the next decade.[20] Forms of regulation and state-intervention Market-driven medical welfare state Main articles: Welfare state, Market economy, Anti-competitive practices, and Freedom of contract Insurance companies that are regulated to accept all customers or patients within the state-regulated public basic insurance policy, which requires egalitarian treatment of all customers or patients and reimbursement of all health care treatment prescribed by a gatekeeper medical doctor, covered by the policy and charged to a patient. This basic health care insurance policy may be obligatory for all residents in a country, effectively putting all residents on a market-driven medical welfare program, like for example in the Netherlands, where these insurance companies receive, from tax revenue, an additional leverage sum with respect to the premium of about a factor 9. This policy is known to be very effective at eliminating waiting lines in health care.[21] Related adversities: While this system allows for a broad private enterprise market of health care services offered only to public basic insurance policy prescribed patients, it has as a side-effect the driving out of health care offered to patient seeking individually contracted medical services without gatekeeper doctors prescription. It therefore eliminates the market economy in health care. The income of people working in the market-driven welfare state consisting of the public health care policy basic insurance, the corresponding insurance companies and the public health care service providers like public hospitals, private clinics and practices, which is based on mandatory premiums and state tax revenue contribution, does no longer directly depend on the forces of supply and demand, this works out particularly bad in country wide medical emergency situations, where the self-preservation of the medical welfare-state workers does not ultimately depend on servicing the patient customers. A principle that is firmly secured by Adam Smith's invisible hand serving the common good. See also American School (economics) Austrian School Crowding out Deficit spending Developmentalism Dirigisme Indicative planning Keynesian economics Monetary policy National debt of the United States Regulatory economics Rent-seeking Sales tax Social interventionism < /td> | |
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