Krugman seems a bit worried about the rise in bond rates combined with a lower stock market and higher dollar. He says this means the market thinks the Feb will raise interest rates too soon - before the economy has truly recovered.
A couple days ago Krugman said the latest healthcare news out of California showed that Obamacare will go better than expected. Since then there are have been a couple articles - most pointedly in Forbes that have attacked this. Krugman and his buddies are circling the wagons. Today he screams at one of the analysts who is pointing out that rates for certain Californians will also go up. First he says the analyst (Avik Roy) knows his stuff but then says he's being "completely fraudulent" and takes a "cheap, misleading shot.". After reading both point of views - I can see Krugman's gist that it might be unfair to compare current cheap-o health insurance plans in CA with what Obamacare will provide - but still the fact of the matter is that for healthy people the price does go up.
No comments:
Post a Comment