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Paul Krugman: Republican Health Care Panic: Noted for July 27, 2013

Paul Krugman: Republican Health Care Panic:

A system along exactly these lines [of ObamaCare] has been operating in Massachusetts since 2006, where it was introduced by a Republican governor. What was his name? Mitt Somethingorother? And no trains have been wrecked so far. The question is whether the Massachusetts success story can be replicated in other states… the answer, so far, is a clear “yes.” In California, insurers came in with bids running significantly below expectations; in New York, it appears that premiums will be cut roughly in half…. Over all, then, health reform will help millions of Americans who were previously either too sick or too poor to get the coverage they needed, and also offer a great deal of reassurance to millions more who currently have insurance but fear losing it….

And the prospect that such a plan might succeed is anathema to a party whose whole philosophy is built around doing just the opposite…. So will Republicans actually take us to the brink? If they do, it will be crucial to understand why they would do such a thing…. Republicans may be willing to risk economic and financial crisis solely in order to deny essential health care and financial security to millions of their fellow Americans. Let’s hear it for their noble cause!