Tuesday, November 18, 2014

Another interesting take on Jonathan Gruber......

It is difficult to get a man to understand something, when his salary depends upon his not understanding it!
-Upton Sinclair

From the Naked Capitalism blog comes this post.  Excerpt here:

The CBO used a similar model, and so the administration could run Gruber’s model to predict how CBO would score its legislation (part of the “tortured way” in which ObamaCare legislation was written). HHS paid Gruber $392,600 for the use of the model.
[Gruber] was hired by at least eight states to provide advice or assist in creating the health-insurance exchanges that are at the heart of the Affordable Care Act: Colorado, Connecticut, Maine, Michigan, Minnesota, Vermont, West Virginia and Wisconsin.
We have the prices for four of the eight states:
  • Michigan: $481,050
  • Minnesota: $329,000
  • Vermont: $400,000
  • Wisconsin: $400,000
So, $392,600 + $481,050 + $329,000 + $400,000 + $400,000 = $2,002,650 and if you figure $400,000 a pop for the four remaining states (that we know of) that totals up to $3,602,650. Ka-ching! I know, not much by the standards of a bankster or a criminal CEO, but still, for an academic, a tidy sum.
Now, we all have to eat, and surely nobody would begrudge Professor Gruber his millions had he been “transparent” about what he was doing to earn them. He wasn’t.

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