The success of #Obamacare is a hugely inconvenient truth for its opponents, at @WaPoThing: http://t.co/aRttJSFUqh pic.twitter.com/ff9mlbBH1p— Jared Bernstein (@econjared) September 21, 2015
This is simply an odd way to declare success. I am waiting for a photo op pic of Krugman and Bernstein standing on the aircraft carrier Obamacare.
I wrote in 2014 about this problem:
[S]houldn't the measure of success be how well Obamacare is in delivering healthcare, not how many have signed up? I may declare that I am going to give everyone in the world a million dollars, who emails me their address, but the measure of success of my million dollar program should't be how many sign up for the program, but how well I deliver on the promise to pay everyone who signs up a million dollars. And this is where Krugman's declaration that Obamacare is a success makes no sense.
It is only over time that we will see how well that Obamcare delivers on its promise to deliver quality healthcare. But further, any half-way decent economist will tell you that central planning, and Mussolini-type central planning of healthcare is exactly at the essence of Obamacare, is a terrible structure to create efficiency, increased productivity and overall improved delivery of products and services to consumers. In other words, Krugman is ignoring they basic fundamentals of economics, taught to us by such greats as Ludwig von Mises, Friedrich Hayek and Murray Rothbard, about the necessity of failure of central planning structures, He is declaring victory for Obama simply because Obama has signed people up for a medical structure that economic theory tells us will be a failure!