However, the Administration's new sweeping healthcare plan is barely launched, and is already in big trouble. Megan McArdle on why:
What's happening now is precisely the kind of political gridlock I--and a lot of libertarians and conservatives--predict when it comes time to actually cut costs in healthcare. Why can't we tax employer health benefits? Liberal answer: because Ben Nelson is a big fat jerk. My answer: because then the awesome health care package that Democrats want to run on in 2010 would come packaged with a non-awesome hefty decline in everyone's weekly paycheck. The number of people who would get a benefit out of the program would be much smaller than the number of people who would pay a noticeable cost.Must read stuff, especially for liberals who think that this is 1932 all over again, and that Obama is FDR.