The news that some insurance premiums in New York State have dropped 50%, in part because of the implementation of the Affordable Care Act, is a staggering piece of news. It raises the question that Republicans will need to face in the coming weeks and months: What of Obamacare works at reducing the explosive costs of health care? Not just enrolling millions of people in insurance plans, but in actually cutting costs for those who already have insurance? Put a little more ideologically, what is the heavy hand of government, so long bemoaned by conservatives, actually has a happy effect on what is till a market?
July 18, 2013