by Per Bylund
One of the most debated issues right now is Obamacare, and specifically whether and how the new republican-dominated Washington DC apparatus will repeal it — and when. Democrats are expectedly up in arms and fear any change to the policy, the suggested legacy of President Obama. Republicans are considering their options: whether to repeal parts of it or the whole thing, how to best do it, if it should be replaced by something else (perhaps Romneycare?), and how to deal with a repeal’s “millions of people losing insurance” (to paraphrase Paul Krugman).
Many things enter the political calculus of policy change. It’s not easy to find a good solution within the State’s zero-sum (rather, negative-sum) game of economic planning.
From a more nuanced and better-informed, sound-economics perspective, the question of whether Obamacare “should” be repealed also isn’t obvious.