Joel White: Health Exchanges Will Not Lower Insurance Costs

We are not in the habit of quibbling with academic studies, but the recent report on health exchange rate submissions by the office of the HHS Assistant Secretary for Planning and Evaluation (ASPE) needs some truth-in-labeling.

Using an obscure and debatable methodology, ASPE claims to demonstrate that the cost of insurance in the Affordable Care Act’s new health exchanges is actually going to get cheaper.  This is a sales job dressed up in Ph.D. talk.

The target audience is the media, who are supposed to convey these hyped-up findings to a credulous youth.

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