On July 10, the failing New York Times ran “Three Legs Good, No Legs Bad” by Paul Krugman who asserted that the reason “Republicans can’t come up with a non-disastrous alternative to Obamacare [is] because you can’t change any major element of the Affordable Care Act without destroying the whole thing.” Krugman then informs us that ObamaCare is a “three-legged stool.” The first leg requires “that insurers offer the same plans, at the same prices, to everyone, regardless of medical history,” which “deals with the problem of pre-existing conditions.” The second leg is the individual mandate, which requires (some) Americans to buy health insurance. And the third leg of Krugman’s stool is subsidies for those who can’t afford to comply with the mandate; i.e. expanded Medicaid and tax credits to buy private health insurance. “The key point is that all three legs of this stool are necessary. Take...(Read Full Article)