The WSJ's Ideology Is That the Government Should Redistribute From Everyone Else to the Rich

Uwe Reinhardt has a useful blogpost taking issue with a Wall Street Journal editorial on the Affordable Care Act (ACA). The editorial had complained that the ACA steals $156 billion from the Medicare Advantage program, the portion of Medicare run by private insurers.

Reinhardt points out that this $156 billion in reduced payments is over a ten year period, a point missing from the editorial. That's around 2.0 percent of projected Medicare spending over this period. The other key point in Rei...