Must-read stuff from Cliff Asness in today’s WSJ:
While the administration might be forgiven for cheerleading, pundits such as Steven Rattner and Paul Krugman and many others have cited these statistics as serious evidence that ObamaCare is working.
That more people would be insured was never in dispute. If you mandate that people buy something, penalize them if they don’t and give it away to some, more people will end up with it. The proper response to this is: Duh.
The real question is how many of those covered by ObamaCare were previously uninsured, how increased coverage is translating into more or better health care, and at what cost this comes both to public finances and personal liberties—all compared with what other alternatives? That is the stuff for serious debate.
That’s why instead of a serious debate, ♡bamaCare!!! supporters give sob stories and accusations of cruelty.
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