Obamacare architect: ‘The law is working as designed,’ just needs ‘a larger mandate penalty’

Obamacare architect: ‘The law is working as designed,’ just needs ‘a larger mandate penalty’

On Wednesday’s broadcast of “CNN Newsroom,” MIT Economics Professor and Obamacare architect Jonathan Gruber argued that “The law is working as designed. However, it could work better. And I think probably the most important thing experts would agree on is that, we need a larger mandate penalty.”

Gruber said, “Obamacare’s not imploding. The main goal of Obamacare was two-fold. One was to cover the uninsured, of which we’ve covered 20 million, the largest expansion in american history. The other was to fix broken insurance markets where insurors could deny people insurance just because they were sick or they had been sick. Those have been fixed, and for the vast majority of Americans, costs in those markets have come down, thanks to the subsidies made available under Obamacare.”

When asked about the 22% Obamacare premium increases, Gruber stated, “the 22% increase, let’s remember who that applies to. That applies to a very small fraction of people, who have to buy insurance without the subsidies that are available.”…

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