Paul Krugman Myths
Paul Krugman Paul Krugman is one of the most successful columnists in The New York Times. Some of his best articles that helped him win a Nobel Prize on October 13, 2008 were “The Great Illusion;” “Fuels on the Hill,” and “Running Out of Planet to Exploit.” Paul Krugman joined The New York Times in 1999 as a columnist on the Op-Ed Page and is also a professor of Economics at Princeton University. Mr. Krugman received his Bachelor’s Degree from Yale University in 1974 and his Ph.D. from MIT in 1977 and has also taught at Yale, MIT and Stanford. Krugman has his own blog called “The Conscience of a Liberal” where he reported that he was a distant relative of David Frum who is a conservatist that has been fired by the American Enterprise
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The first myth he stated is about the government taking over one-sixth of the economy which is the share of the G.D.P. (Growth Domestic Product) that is currently spent on health. He said that this myth has already happened a long time ago when all government healthcare programs started paying for almost half of the American’s health care, but then he argues that the health care has many downfalls such as individuals who can’t get employment based coverage buy their own insurance, no coverage for people with pre-existing medical conditions, coverage dropped when you get sick, and a huge premium increases in the middle of an economic crisis. Another myth he stated was about the proposed health care that does nothing to control the cost and in Krugman’s article; the way they supported this claim, as Krugman stated, “critics point to reports by the Medicare actuary, who predicts that total national health spending would be slightly higher in 2019 with reform than without it” and in comparison Krugman argues that “what the actuary and the budget office do is a bit like looking at an oil company’s prospecting efforts, concluding that any individual test hole it drills will probably come up dry, and predicting as a consequence that the company won’t find any oil at all — when the odds are, in fact, that some of the test holes will pan out, and produce big payoffs.” So Krugman believes that this myth is false and health cares can control the cost. Krugman said that if having medic care for everyone was a choice, he would’ve voted for
The first myth he stated is about the government taking over one-sixth of the economy which is the share of the G.D.P. (Growth Domestic Product) that is currently spent on health. He said that this myth has already happened a long time ago when all government healthcare programs started paying for almost half of the American’s health care, but then he argues that the health care has many downfalls such as individuals who can’t get employment based coverage buy their own insurance, no coverage for people with pre-existing medical conditions, coverage dropped when you get sick, and a huge premium increases in the middle of an economic crisis. Another myth he stated was about the proposed health care that does nothing to control the cost and in Krugman’s article; the way they supported this claim, as Krugman stated, “critics point to reports by the Medicare actuary, who predicts that total national health spending would be slightly higher in 2019 with reform than without it” and in comparison Krugman argues that “what the actuary and the budget office do is a bit like looking at an oil company’s prospecting efforts, concluding that any individual test hole it drills will probably come up dry, and predicting as a consequence that the company won’t find any oil at all — when the odds are, in fact, that some of the test holes will pan out, and produce big payoffs.” So Krugman believes that this myth is false and health cares can control the cost. Krugman said that if having medic care for everyone was a choice, he would’ve voted for