I saw the headline of his article, "The $900 Billion Mistake" and I thought to myself, right on dude! You have come to your senses. Of course I shoulda knowed better; the mistake the article laments is limiting the cost of health insurance reform to only $900 billion!
Yes, according to Ezra:
"The problem is that the number, which was chosen at a point of political weakness for health-care reform and the Obama administration, is too low. Most experts think you need closer to $1.1 trillion for a truly affordable plan. Limiting yourself to $900 billion ensures that the subsidies won't be quite where you need them to be..."
Now I am just a dumb Okie, but that is not my understanding of what the word "affordable" means. I never knew it could mean "more expensive"
2 comments:
Maybe someone should point out that in basic micro, consumers *maximize* utility and *minimize* expenditure. Not the other way around.
Ezra Klein you're missing the point. In politics its about better to guess low and be wrong. Of course it will be more then $900 bil; of course it will be more the $1.1 Tril. I defy anyone to name me a social program that has stayed on budget.
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