That Damned Obamacare!

We have been blessed throughout life by a tendency toward easy amusement: we’ve never wanted for things to laugh at. Today it’s that damned Obamacare:

…The story so far: We’ve all seen projections of giant federal deficits over the next few decades, and there’s a whole industry devoted to issuing dire warnings about the budget and demanding cuts in Socialsecuritymedicareandmedicaid. Policy wonks have long known, however, that there’s no such program, and that health care, rather than retirement, was driving those scary projections. Why? Because, historically, health spending has grown much faster than G.D.P., and it was assumed that this trend would continue.

But a funny thing has happened: Health spending has slowed sharply, and it’s already well below projections made just a few years ago. The falloff has been especially pronounced in Medicare, which is spending $1,000 less per beneficiary than the Congressional Budget Office projected just four years ago…

The rest of Krugman’s column is well worth a read.

Unless, of course, you happen to dress your politics to the right. In which case your head will ‘splode.

Just saying…

That Damned Obamacare!

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