Paul Krugman explains how the GOP has been 'wrong every step of the way' on Obamacare

Paul Krugman explains how the GOP has been 'wrong every step of the way' on Obamacare
Democracy Now

If President Donald Trump and Senate Majority Leader Mitch McConnell — following the death of Justice Ruth Bader Ginsburg on Friday — are successful in ramming a far-right Supreme Court nominee through the U.S. Senate, it is entirely possible that the Affordable Care Act of 2010, Obamacare, will be abolished. Republicans, unable to repeal the ACA via Congress, are hoping that the law will be struck down as unconstitutional.

But while they have claimed that Obamacare is a burden for the country, there's a good reason why they haven't had enough political will to tear it down through Congress. Economist and New York Times columnist Paul Krugman argued in a Twitter thread on Monday that Obamacare has been beneficial overall and why Republicans have been wrong about it time and time again.

“In terms of policy, the immediate impact of the Supreme Court fight is most obvious on the fate of Obamacare,” Krugman explains. “So worth remembering what Rs declared about the ACA: It wouldn’t work, it would kill jobs, and it would explode the budget deficit. How did it turn out?”

Krugman goes on to present data about the effects of Obamacare, noting that it “went into full effect in 2014.”

The economist/Times columnist points to a Kaiser Family Foundation chart that shows how many people in the U.S. lacked health insurance between 2010 and 2018. According to the chart, 18% of the U.S. population lacked health insurance in 2010; in 2016 — President Barack Obama’s last full year in office — that number was down to 10%. California, the chart shows, had above-average results because it was especially aggressive in expanding Medicaid with the ACA: in 2016, only 8% of California residents lacked health insurance.

Krugman goes on to show that Republicans were way off base when they claimed that Obamacare would harm job creation: unemployment went way down during Obama’s second term. And Krugman notes that Obamacare’s effects on the federal deficit were “modest, because most uninsured were relatively young and hence cheap.”

“The point is that we shouldn’t just criticize Rs for not having a replacement (and lying about it),” Krugman concludes. “Their critique of O'care has also been wrong every step of the way.”

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