This is a shocker. People in the poverty business making huge piles of money? Who would have thought? I mean it’s not like the people at ACORN were crooks. Or Al Sharpton. Or Jesse Jackson. Or the people who run much of places like Chicago, Detroit, New York, and LA. No no, these people are for helping the poor. Selfless servants seeking justice. No way they are lining their own pockets and scamming the tax base.
Of course they do. The insurance companies aren’t going to be left hanging out in the wind. Those companies fought for that stream of taxpayer money after all. And darn it, the Senate GOP is going to make sure they keep getting it.
Obamacare was crony from the start and it likely will remain so. Now with the GOP’s blessing.
As we’ve said here many times we have plenty of problems with Mr. Trump. But Trump’s critique of the old media, legacy media, whatever, is pretty spot on. The media helped Obama get elected, protected Obama during his presidency, (A pretty good case could have been made for Obama’s impeachment.) and went whole hog in for Hillary Clinton. Of course The New York Times and CNN are pissed. THEY LOST.
Surprise: It involves crony capitalist favors to industry.
According to Trump’s 7 point plan for the first 100 days he wants to institute a requirement that;
“for every new federal regulation, two existing regulations must be eliminated.”
In Canada they did something similar recently (though it was only one regulation removed for each one created) and a few months ago ACC argued that we should try a similar tack in the USA. ACC would have been happy with a 1 for 1,
Some good ideas here. Restoring the Republic should be THE goal.
The author focuses on one area of concern but there are many other areas of policy that deserve the same treatment.
These people (often) vote.
In fairness young people pick weekend beer over lots of things, not just Obamacare. But point made. Costs go up and up. More and more young, healthy people opt out. The sicker the Obamacare population is. And then eventually insurance singularity, implosion.
This is what is known as a death spiral in the insurance underwriting world.
Of course if the pols “get the regulation right” maybe the insurance companies that are pulling out now might come back,