Skip to comments.Paul Krugman is Wrong… Again
Posted on 09/08/2013 7:12:38 AM PDT by Rusty0604
Krugman may not always be wrong. On some economic issues he may actually be right. But when it comes to health care, he almost never misses. He is wrong 100% of the time. In a recent New York Times column Krugman pronounced Obamacare a success before it has even been tried. Why? Because the premiums to be charged in California health insurance exchange are apparently lower than what the experts thought they would be... I did a quick check and discovered that if a 25-year-old in Los Angeles chooses the least expensive plan offered on the California health insurance exchange, the premium will be $142 a month. Yet the cheapest plan offered on eHealth today is only $92 a month. Aah
Everybody thought health insurance premiums would be 100% higher. In fact, they are only 60% higher
Break out the champagne! Ill come back to these price comparisons in a minute. For the moment, I would ask: What kind of an economist would celebrate an expected price decline without asking what happened to quantity or quality? This is an Econ 101 mistake. As it turns out the health insurance to be sold in the California exchange excludes some of the best hospitals and the best doctors. Krugman points to the experience of health reform in Massachusetts in predicting how wonderful health reform is going to be... On balance, the only thing that seems to have changed in Massachusetts is that patients are waiting longer. They are going to the same places to get care that they went to before. They are getting the same care from the same providers. In the process, more money is being moved around. A lot more money.
(Excerpt) Read more at dailyreckoning.com ...
Enron Krugman wrong again
How many media types are telling the people that you have to start signing up in October & paying premiums-—but no coverage until Jan???
Who pays 3 months for anything without getting something in return???
Someone at the door for Mr. Krugman.
Says his name is Kodos...
I didn’t realize that they expected the premiums to be paid starting Oct. I handled insurance for employees for years and that was illegal. Coverage started the first day that the premium was paid.
Obamacare is just a means for the Democrats to use other people’s money to buy votes for themselves. They know that older people have more health problems and are more likely to vote. They know that younger people have money and aren’t as likely to vote or have health issues. They are taking money from healthy young people to buy votes from older people. Welcome to the Democrat party. What happens to those industries that rely on young people’s money? Goodby Miley Cyrus.
A wildly inaccurate, unsupportable statement that badly undercuts Mr. Goodman's credibility. /sarc - sort of
I cancelled the card. The bank has long since been subsumed.
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