Health Expenditure Is Really Really Big (A Clarifying Note)
December 16, 2013, 5:04 pm 31 Comments
OK, for some reason I didn’t see that coming. But when I pointed out .. http://krugman.blogs.nytimes.com/2013/12/16/the-big-money-bets-on-obamacare/ .. that insurers are getting ready to lay out around $500 million to promote policies via the Affordable Care Act — which I see as very good news — a fair number of readers were outraged. Insurers are spending all that money on advertising, when they should be spending it on health care!
Well, yes. And I would, as I said, prefer single-payer — except that if you followed the legislative process at all, you know that Medicare for all wasn’t going to happen in 2010, or probably for decades to come.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.