New York Times: Zero for Six
By Paul Krugman, JUNE 26, 2014
For reference: I count at least six distinct predictions of Obamacare doom made by the usual suspects, not one of which has come true. Here they are:
1. Enrollment will be very low, and
2. Even if people sign up, they won’t pay their premiums.
Reality : Signups exceeded expectations, and the vast majority paid.
3. More people will lose coverage cancelled by Obamacare than gain it.
Reality : Sharp drop in the number of uninsured.
4. Rate shock.
Reality : Like it says, affordable care.
5. Young people not signing up, and death spiral.
Reality : Pretty good demographics.
6. Soaring health costs.
Reality : Health costs are below anyone’s expectations.
It’s quite an impressive track record, actually. And what’s even more impressive is that none of the usual suspects will even consider admitting having been wrong.
