The Times Has Discovered That Costs Matter in Obamacare

image_pdfSave to pdf fileimage_printPrint
Designing Obamacare

Designing Obamacare by Henry Payne (http://townhall.com/political-cartoons/henrypayne/2013/10/18/112967)

Today’s New York Times includes a front-page article that left me gasping with a combination of laughter and indignation. Apparently the Times has discovered that costs matter in Obamacare.  Here’s the headline and the link:

“New Health Law Frustrates Many in Middle Class”

The long article includes this little gem (emphasis added):

“The Chapmans acknowledge that they are better off than many people, but they represent a little-understood reality of the Affordable Care Act. While the act clearly benefits those at the low end of the income scale — and rich people can continue to afford even the most generous plans — people like the Chapmans are caught in the uncomfortable middle: not poor enough for help, but not rich enough to be indifferent to cost.”

Perhaps this was “little-understood” by the geniuses who run the New York Times. But many economists, including me, pointed out that costs and prices would inevitably rise given the mandates and rules included in Obamacare.  It would sure have been nice if the Times editors and reporters had paid some attention to us.  Instead we were belittled as “Republican fear-mongers.”  Except it turns out we were right.  The very least the Times could do is ask each of these families who they voted for in the last presidential election.

Thanks a lot, mainstream media.  I hope you’re happy with the disaster you’ve imposed on a once-great economy.

Share if you feel like it

About Tony Lima

Retired after teaching economics at California State Univ., East Bay (Hayward, CA). Ph.D., economics, Stanford. Also taught MBA finance at the California University of Management and Technology. Occasionally take on a consulting project if it's interesting. Other interests include wine and technology.