Arnold Kling just got mugged by reality, when his Obamacare notice arrived:
Yesterday in the mail, my wife and I got our premium notice from the health care exchange. Our monthly premium is going up 70 percent, and our deductible is going up also.
I wonder if any of the pundits who claim that Obamacare is working are actually getting their health insurance through an exchange.
I wonder how many of us who have not supported Donald Trump are feeling mugged by reality.
Obamacare struck me as being analogous to the battle of Ypres: a huge effort for a questionable amount of real estate.
Any serious reform needs cost controls. Obamacare has none, except some vague hand-waving about market forces, so we just got marginally more people enjoying the ever rising cost of health care. In a way it made things worse by assuring those invested in the status quo that it is okay to keep adding more procedures and more specialists to the system, who all get a feeding slot at the carcass.
I’m shocked, that adding 20,000 pages (or 20 bibles) of law, on top of an already messed up system, didn’t simplify or make things cheaper, shocked i tell you! But just wait until your government meets reality, from an expired market ticker post: