Public Health Costs of Regulation

“Regulation And Government Science Cost Us More Than Dollars,” By Angela Logomasini
Today, the Independent Women’s Forum blog highlights a new NERA Economic Consulting study (produced for Manufacturers Alliance for Productivity and Innovation) on the costs of regulation. IWF’s Emily Wismer notes: “According to the report, a major federal regulation is one for which compliance costs more than $100 million per year … Regulations are meant to keep us safe and should increase the quality and competitiveness of American products. Yet when compliance costs $164 billion per year, it is appropriate to question the role of regulations and whether or not 44 regulations per year costing over $100 million really make sense.” Meanwhile, environmental activists and others complain that the Obama administration’s Office of Management and Budget (OMB) is holding up too many regulations. In a story for Inside EPA last week, a coalition of environmental groups suggested that Congress or the president himself (via executive order) should eliminate policies demanding regulatory review and cost-benefit analysis at OMB. But this is a very bad idea. Read the full article on OpenMarket.org.