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The three pillars of the ACA, as described in Paul Krugman's book, are: First, it requires insurers to offer the same plans at the same price to everyone regardless of their medical history. Second, it mandates individuals to sign up for a minimum level of health insurance. The final pillar is subsidies that limit the cost for those with lower incomes up to a 100% subsidy for the most underprivileged. Without even one of these three pillars, the program can't work.
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The ACA rests on three legs. First, it requires insurers to offer the same plans at the same price to everyone regardless of their medical history. However, this leads to people signing up only when they get sick. To address this, the second pillar is a mandate for individuals to sign up for a minimum level of health insurance. The final leg is subsidies that limit the cost for those with lower incomes up to a 100% subsidy for the most underprivileged. Without even one of these three pillars, the program can't work.
Asked on the following book summary:
“Zombie ideas” simply refuse to die despite mountains of evidence to disprove them. How do you fight them? Paul Krugman, Nobel Prize winner in Economi...
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