Megan McArdle says that New York's calorie labeling program may be a bust, although she notes the caveats from the study. The study says that while calorie labeling might not be sufficient to change behavior yet, it could be part of a solution in time. In other words, the study itself says McArdle's title is wrong. McArdle, as the world's tallest economics blogger, knows readers often don't get past the headline, so mission accomplished anyway.
McArdle speculates on the Congressional Budget Office's review of health care reform. She corrects her wrong speculation here: "So, the CBO report is out, and my estimate of the contents is totally wrong."
McArdle explains a report issued by the health insurance industry. She says:
This plan doesn't have any mechanism to keep their premiums down, or control the costs that accrue to their employees; any cost savings there are occur in Medicare or the non-group market. What it offers them is . . . an excise tax on high cost plans. Yes, yes . . . healthy workforce! Preventative care! All I can say is, these marvelous savings do not seem to be accruing to employers in Massachusetts--or for that matter, people on the exchange, whose premiums are apparently increasing even faster this year than they did before reform.
Ezra Klein corrects her mistakes here. The commenters correct her mistakes regarding Massachusetts and Medicare at great length (to the utter confusion of her poor fanboys) when she repeats her claim that health care costs can't be controlled.. McArdle's gracious acknowledgement of her error and Klein's correction:
Update: I have more insight into the CBO/JCT calculation of the excise tax that gives the criticisms more bite . . . but also raises some questions about the revenue predictions.McArdle writes a post to cover up her excise tax error here, snidely noting Klein's correction.
And here, McArdle brags about fiance P. Suderman's health care work. He will have to find his own debunkers--we're too busy. McArdle is very high maintenance.
McArdle relates her hopes that health care reform will fail, because she can't imagine a world in which she isn't prosperous and protected. Hopefully life will correcct her wrong assumptions.
Finally, Megan posts again on the CBO study, and helpfully provides the inevitable and utterly necessary correction herself. I guess she's learning that the longer you ignore your errors, the louder the laughter becomes.