When the gnomes residing at the bottom of any bureaucracy decide to write Op-Ed’s opining to validate policy, you know its politically motivated wishful thinking not sound economic analysis.
Jason Furman is one such type. Although he’s been ‘failing-up’ for most of his life, he recently opined to validate how ‘Obama-care’ was responsible for slowing the rate of inflation for healthcare.
Try not to laugh.
The office for the Actuaries for Medicare/Medicaid have reported slow growth in national health care spending for a fourth consecutive year ending in 2012.
What he refuses to acknowledge is the role the recession had on healthcare.
The facts don’t support any policy objective worthy of praise. The reduction in healthcare spending by the States preceded the passing of ‘Obama-care’. We should also note that healthcare provisions only come online in 2014.
But progressives can’t let facts get in the way of a good story.