Conservatives Backpedal on Obamacare

Jonathan Chait responds to Cliff Asness’ op-ed in the Wall Street Journal in which he tries “to retrench on behalf of the doomsayers.”

“Asness is absolutely right that it was completely obvious that Obamacare would substantially increase insurance coverage. We know this because the same system — regulated insurance plus subsidies plus mandate — was tried in Massachusetts, and lots of people signed up. But Asness is wrong about whether it was in dispute. Despite the blithering obviousness of the fact that Obamacare would bring about a major decline in people lacking insurance, lots of conservatives denied that it would happen. I rounded up a handful of examples the other day, though plenty more can be found.”

“People deny obvious cause-and-effect relationships all the time. People even deny that the massive release of heat-trapping gasses into the atmosphere will trap more heat — people like Cliff Asness.”

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