Drs. David Himmelstein and Steffie Woolhander are the Bernie Sanders of health policy. For decades, they have advocated that the U.S. adopt a government monopoly, single payer, health system. They write economically illiterate articles asserting that Medicare is great because it has low administrative costs.
Nevertheless, a stopped clock is right twice a day, and the good doctors’ latest article nails Obamacare for increasing the overhead of U.S. health insurance. Who would have even thought that was possible?
The roughly $6 billion in exchange start-up costs pale in comparison to the ongoing insurance overhead that the ACA has added to our health care system — more than a quarter of a trillion dollars through 2022.