Here at Stanford a couple of days ago, I had a cup of coffee with two economists, both of whom shall remain nameless—although they’re good friends and eminent in their fields, I’m uncertain of their appetite for attention. Both had spent a number of weeks now examining ObamaCare. And both were simply beside themselves—angry, shocked, appalled.
A sampling of their findings:
Item: ObamaCare imposes a marriage penalty—the most severe marriage penalty, as one of them put it, “that exists anywhere in the entire American welfare state. It won't take long for working people to discover that, in a lot of cases, they'd get better health coverage if they got divorced.”
Item: ObamaCare has nothing whatever to do with improving medical care or indeed with holding down medical costs. “It's nothing but a massive redistribution program.”
Item: Although it imposes vast new costs on the federal government, there is nothing anywhere in the budget that even begins to address these new costs. As one of my friends put it, “Obamacare is completely and utterly unfunded.”
To quote one of my friends once again, “The whole thing is worse than we'd thought. And it's worse — much, much worse — than journalists or the American people even begin to understand.”