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,
No kidding. Either be on the crony side of things or just drop out of the middle class. This is America today.
Well no kidding. You mean increases in premiums of over 50% and massive tax bills for people who don’t buy the massively expensive plans with super high deductibles isn’t “affordable”? Well, I for one am shocked! How could this happen? Didn’t anybody see this coming?
(From CBS Minnesota)
Minnesota’s Democratic governor said Wednesday that the Affordable Care Act is “no longer affordable” for many, a stinging critique from a state leader who strongly embraced the law and proudly proclaimed health reform was working in Minnesota just a few years ago.
As we’ve said before Obamacare is a dysfunction generating machine. On all levels it’s rotten. This is what happens when the planners try to plan a vast swathe of the largest economy on earth. It is hubris. It is arrogance. It’s a disaster.
Remember, that the architect of Obamacare Johnathan Gruber (who was paid over $6 million for his “work”) said the only reason Obamacare passed was because the voting public was “stupid.”
Oh, America “understands” it.
Hey, the insurers have got to get paid and we’ve got to make sure Obamacare limps through the last few months of Obama’s administration. Between not getting to nominate a Supreme Court Justice, the recent veto override by Congress, the Iran payoff bit, the Comey pass for Clinton, and the racial strife Obama’s not going out well. If Obamacare finally and truly died that’d just be icing on the legacy cake.
We have long asserted this. Obamacare is/was good for the insurance companies, the pharmaceutical companies, the drug stores, all sorts of large vested interests. The lobbyists for these interests wrote large pieces of the legislation.
Obamacare is a vehicle for cronyism. That is its nature. That is what makes Obamacare Obamacare.
Wonder why a large part of the population is spitting mad? This is a big part of it.
Yet another indictment of Keynesian Kult nonsense. Had we let the markets clear post 2008, the stock market, the housing market, other markets, we would have had robust and real growth in relatively short order. People would have been able to build on honest to goodness, market for-realsies growth. But markets must clear for the economy to heal itself.
This one isn’t an uplifter but it is a sober assessment which deserves attention. Sobriety is a valuable thing, especially when dodging icebergs.