true cost of universal healthcare

The name of President Barack Obama’s health care law is, of course, the Affordable Care Act. But a major clash has broken out in Washington regarding what that word “affordable” really means–and billions of dollars in subsidies hang in the balance. As we’ve noted in the past, Richard Burkhauser of Cornell was the first to spot this problem, an error made during the evaluation process of Obama’s law that artificially diminished the cost of its…