I’m late to the party, but you have to smile at Harvard economist Greg Mankiw’s take on the fiscal responsibility of Obamacare:
I have a plan to reduce the budget deficit. The essence of the plan is the federal government writing me a check for $1 billion. The plan will be financed by $3 billion of tax increases. According to my back-of-the envelope calculations, giving me that $1 billion will reduce the budget deficit by $2 billion.I’m sure there will come a point where we all get sick of Xtranormal, but it hasn’t happened yet, so check out this hilarious video entitled “Medical Loss Ratio Explained,” which explains the Obamacare debate better than I could with a year’s worth of blog posts:
Now, you may be tempted to say that giving me that $1 billion will not really reduce the budget deficit. Rather, you might say, it is the tax increases, which have nothing to do with my handout, that are reducing the budget deficit. But if you are tempted by that kind of sloppy thinking, you have not been following the debate over healthcare reform.
One thing that the Left does well, but the Right does poorly, is talk about how real people are affected by health care policy. The Heritage Foundation has launched a series of videos to address this issue, and here is the latest (h/t InsureBlog):