Thursday, November 12, 2009

Differing views on 900b.

Tyler Cowen brings together two sides of thought on the $900b. figure from the CBO.
Arnold King says the costs will be higher because people will game the system.
Jonathan Gruber says the costs will be lower because reducing costs and lifting the implicit tax of having to pay employee health benefits will increase wages and create jobs.
They're both probably right.

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