Krugman's pathetic ObamaCare 'success' story
Since Paul Krugman posted his fatuous NYT article on "Covered California," (the state's name for its Obamacare signup), some of my friends have given him the high-five and posted his analysis. Mother Jones also loved it, as did their three readers. (Father Jones is still trying to get online for a handout.)
Here's the problem with Krugman's cheerleading. California now has 6.4 million people eligible to buy on their exchanges, including 1.1 million whose policies were just cancelled. Half of them (over 3 million) are eligible for subsidies. So far, California has signed up 80,000. California's apiration is to sign up 500-700,000. That is about 1/10 of the eligible population and is actually fewer than the number of cancelled policies. That's the record that made Krugman ecstatic.
(My data comes from economist Veronique de Rugy and was published in National Review Online.)
Covered California is the best example of Obamacare success Krugman's research assistants could find across America. But the entire program is now a floating corpse. An errant wave made the body twitch, and he thought it was alive.