Grasping Reality on TypePad, by Brad DeLong

I remember listening to the debate the night the House passed the Senate bill and the reconciliation fixes. There are a lot of critiques I could imagine folks on the right making of the legislation. "Regulations to define a minimum insurance benefit will impede innovation in low-deductible plans." "Congress doesn't have the will to stick to the cost savings, and until they prove able to do so, we can't pass a new health-care entitlement." "The health-care system is broken, and adding a new benefit doesn't make sense outside the context of radical reform, as it will just create a new set of stakeholders who will resist the necessary changes." But totalitarianism? Death panels? The end of America as we know it? These critiques aren't just wrong in their description of a cautious, compromised reform that uses private insurers and spends only 4 percent of what we spend on health care in an average year. They're shocking in terms of what the speakers believe their colleagues and representa