Feldstein and the Loophole in Healthcare

Martin Feldstein has a long history of being full of shit, so I have little doubt his recent op-ed in the Washington Post is riddled with inaccuracies. Frankly, I've been a bit busy lately and have not read through the entire 1990 pages of the current House bill, but Feldstein claims that forgoing health insurance would be cost effective for most Americans because the House bill contains a provision whereby the uninsured can purchase a policy after-the-fact of becoming ill or injured. On it's face this sounds preposterous, but that's what he said and the Washington Post published.

The debate about health care has contained so much bullshit from its opponents that my reaction is to disbelieve everything that is said by them. Obviously, financial interests by the health insurers and pharmaceutical companies have spent lavishly to lobby against this bill, but I could certainly envision the possibility that a gaping loophole was left. If Feldstein, "an independent outside director for Eli Lilly", is lying on this-- as he was in July-- then he and the editorial board WaPo should all be castrated and the bill sent to their respective insurance companies.