Friday, January 10, 2014

The real problem with Obamacare

Tyler linked to this piece yesterday, but he left out the money quote:

The problem with Obamacare is it’s product driven and not market driven. They didn’t ask the customer what they wanted. And I think that’s the fundamental problem with Obamacare. It meets the needs of very poor people because you’re giving them health insurance for free. But it doesn’t really meet the needs of healthy people and middle-class people.

And of course, without enough healthy, middle class people in the system, eventually the system won't work.

1 comment:

Dr. Tufte said...

This is just an extension of the belief that engineers (of a sort) can do economics. Last century it got us Phillips and his machine that showed Keynesian flows ... with plumbing. This century it gets us no connection between (a really expensive) product and the consumers who can't afford it.