In short, he had a column years ago where he talked about how awful it was that insurance companies used the term "medical costs". Except: a) There's nothing wrong with calling costs that are medical 'medical costs', and; b) Insurance companies don't use that term.
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In insurance accounting, 'costs' generally applies to administrative stuff, payouts are called 'losses'.
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Translation if this seems too dry: You're enjoying a sandwich. Paul Krugman waltzes up to you. "Stop eating that ice cream cone!" Paul Krugman shouts. "Don't you know that ice cream is disgusting and everyone hates you?"
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I dunno, I've written about this in the past, several times. I can't get over it. The combination of high-handed moralizing, aggressive immunity to facts, and slovenly laziness. Nobel prizes, man. I don't know even know how to end this thread.
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.