“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. Aah… let’s see… Everybody thought health insurance premiums would be 100% higher. In fact, they are only 60% higher… Hooray… Break out the champagne! I’ll 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.”
Related posts:
U.S. Now Bombing Assad Forces Openly In Syria
Eric Margolis: Tensions on the Korean Peninsula
California Crashing
Steve Gibson: The Lesson of Lavabit
NSA Snooping on Americans Is Unconstitutional and Outrageous
Lightning Fast, Dirt Cheap: Bitcoin Shows What Banking Could Be
Transparent Hoax Could Lead to War
The HSBC Debacle - A Double Whammy Of Political Risk And Hypocrisy
Lew Rockwell: The US Corporate State
And now: The criminalization of parenthood
Bill Bonner: Why the Sell-Off in Gold is Good News
Ron Paul: You Cannot Negotiate With Iran?
Ignorance, Intelligence, and War-making
Detlev Schlichter: ECB policy & the gold battle between Chinese housewives and Wall Street
Abolish ICE