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Author: katinga Big funky green star, 20000 posts Old School Fool Ticker Guide Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 737261  
Subject: Expertopia Date: 10/31/2013 11:45 AM
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http://www.bloomberg.com/news/2013-10-30/what-everyone-knew-...

In Expertopia, you make unfortunate but necessary trade-offs, like making some people pay more for worse insurance in order to help others pay less for better insurance. But there’s no need to say so, loudly and often, because the trade-offs are obvious -- hardly worth mentioning, even. Maybe you make an offhand reference once or twice, just to keep your bases covered, or maybe you forget. It doesn’t matter much, one way or the other, because how on earth could you think that everyone was going to get to pay less for better insurance? I mean, we’re talking basic math here.

We forget that when millions of people hear the president say that “if you like your insurance, you can keep it” and “premiums will fall by $2,500 for the average family,” they don’t listen with a wry smile. They don’t write it off as understandable hyperbole from a president who is working to pass a great law with a few flaws. They don’t think this speech means “I care about getting the best insurance for as many people as possible.” They think it means “if you like your insurance, you can keep it” and “premiums will fall by $2,500 for the average family.” If they didn’t think it meant that, they might not have supported the law.
That gap matters -- not least because there’s a strong risk that when the people outside Expertopia finally figure out what everyone knew all along, they will turn on the people who allowed all that tacit knowledge to stay tacit. That’s what Democrats are now experiencing. It’s kind of surprising, in fact, that not everyone knew this was going to happen.
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