Net loss of healthcare policies on January 1... It's looking increasingly likely that on January 1, 2014, the number of healthcare policies canceled because of ObamaCare will exceed the number of policies written under ObamaCare. In other words, it appears likely that ObamaCare will do the exact opposite of what it was intended to do.
Megan McArdle takes a snapshot view of the current situation, arriving at this conclusion. As I read this piece, I was wishing for some sort of visualization of the evolution of Megan's view of ObamaCare over the past four months or so. She's never been a supporter of the law, but initially seemed to think it wouldn't be as bad as its more vocal detractors were claiming it would be. Over the past four months, as the debacle unfolded and information about it became public, her view has changed to match approximately that of the most apocalyptic observers at the beginning of this mess. Said another way: back in September, those apocalyptic observers assumed that basically everything would go wrong with the ObamaCare implementation, leading to the current situation – and, as it turns out, they were right.
Maybe the Microsoft guy will fix it all, eh?
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