This is the chart that did it for him. I gotta admit, my chair is getting a little moist because I'm looking at this chart:
In other words, the Medicare actuaries believe that the cost-saving provisions in the Obama health reform will make a huge difference to the long-run budget outlook. Yes, it’s just a projection, and debatable like all projections. And it’s still not enough. But anyone who both claims to be worried about the long-run deficit and was opposed to health reform has some explaining to do. All the facts we have suggest that health reform was the biggest move toward fiscal responsibility in a long, long time.
Ok, here's my "explaining", since Krugman is feeling macho and has thrown down the gauntlet....
Things are expensive when they are 1) in demand, and 2) scarce.
ObamaCare® does nothing to lower demand for medical care. And it does nothing to reduce the scarcity of doctors, nurses, hospital, drugs, or bedpans.
All it does is increase the size of the bureaucracy and prevent insurance companies from charging premiums to customers who aren't sick yet.
Therefore ObamaCare® will raise the cost of healthcare, not lower it.
I bet that I'm right, and that Paul Krugman turns out to be wrong.
I repeat....Thirty years from now, it will turn out that a blogger/shipping manager with an Education degree from Delta State University was right about a simple economic concept. The Nobel Prize winner in