Friday, February 19, 2010
Krugman's half right
I'm not a big fan of Paul Krugman, the Nobel-Prize winning economist and New York Times columnist, but he makes a valid point in this column. The recent proposed huge increases in premiums by insurance companies do show the need for health care reform. But he's wrong to say they justify the need to pass the Senate bill. That bill would not reduce costs--see my previous posts for good arguments against it. Krugman's columns are usually rendered weaker by his extreme partisanship. One would hope a Nobel laureate would be less tendentious.