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December 22, 2009

Even More CBO: The Marketplace Response to Magical Thinking is Usually Unmagical

What's the real problem with a CBO score, their terrible arithmetic or their inability to answer the following question: "If we levy a gigantic tax on a sector of the marketplace, whatever would the marketplace do in response"?

The answer is "find a way to pay less of this crap". It's always that.

Don't get me wrong, their math sucks too.

The largest source of income for the amusingly named "cost-offsetting measures" is $149BB from "cadillac" insurance plans. Never heard of those? Don't worry about it. In ten years you'll never knew they existed.

I don’t think it takes a genius to figure out that within a couple of years, compensation packages will adjust so that nobody is paying that tax. No more Cadillac insurance plans.

This is entirely predictable, it's happned before. It doesn't take a genius, just a roomful of average "straight-line" analysts.

posted by Dave In Texas at 01:20 PM

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The largest source of income for the amusingly named "cost-offsetting measures" is $149BB from "cadillac" insurance plans. Never heard of those? Don't worry about it. In ten years you'll never knew they existed. I don’t think it takes a genius to figure out that within a couple of years, compensation packages will adjust so that nobody is paying that tax. No more Cadillac insurance plans. This is entirely predictable, it's happned before. It doesn't take a genius, just a roomful of average "straight-line" analysts. posted by Dave In Texas at 01:20 PM \| Access Comments <script language="javascript" src="http://adserver.adtechus.com/addyn/3.0/5235/1131537/0/170/ADTECH;loc=700;cookie=info;target=_blank;key=key1+key2+key3+key4;grp=[group]"></script><noscript><a href="http://adserver.adtechus.com/adlink/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" target="_blank"><img src="http://adserver.adtechus.com/adserv/3.0/5235/1131537/0/170/ADTECH;loc=300;key=key1+key2+key3+key4;grp=[group]" border="0" width="300" height="250"></a></noscript>	Recent Comments [/i][/b]andycanuck (hovnC)[/s][/u]: "Maral Salmassi @MaralSalmassi Despite claims made ..." jimmymcnulty: "Are Australian pizzas served upside down. Asking ..." Viggo Tarasov: "Hey, that tweezer thing can really pluck someone u ..." Eromero: "322 German police valiantly confiscating a Swiss A ..." 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