Many people see the federal government as not reflecting their views at all. Some see the unending expansion of the state into every nook and cranny of life, and the gaming of the government by powerful corporate and political interests, as a real threat. Indeed that our massive government is encroaching on the things many Americans hold particularly dear, independence, for some – faith, economic liberty, liberty generally, privacy, and so on.
Shocking that such a simple system is failing so badly.
Obamacare has been collapsing for a while. Actually pretty much since it started. A bunch of the state co-ops are dead. More are readying themselves for the grave. And now even the crony partners are starting to abandon the scheme. Indeed repeal may not even be necessary. Ironically the Obamacare experiment may long stand as a testament to one of pro-market economist FA Hayek’s key insights, The Pretense of Knowledge.
Obamacare is expensive both for the country and for families. It has however proven a windfall for the health insurers. So that’s good.
It is gratifying to see crony capitalism getting the attention it is in the GOP debates. Every major Republican candidate has weighed in on the issue, one way or another. Ms. Fiorina rightly sees the crony nature of Obamacare, and made an issue of it last night. The ACA was indeed written by the insurance and pharmaceutical industries. It’s the only reason, ultimately, Obamacare became law.
It’s a bold statement, but basically it’s a correct one. The co-ops are falling apart. Many are already bust. People are losing their health insurance because of these blow ups. Still others can’t afford to sign up in the first place.
Add that it turns out you can’t keep your doctor. Turns out Obamacare doesn’t save money for most families. Turns out it does cost the country massive sums. No wonder it’s basically kaput. Repeal of Obamacare may not even be necessary.
Whether the word “repeal” should be in quotes in the above headline we can’t say at this moment. In the end it likely won’t matter anyway as Obama remains in the White House. Obamacare is basically the only thing the president can hang his hat on (with his base). He’s not going to capitulate now. He knew it was a half-baked (at best) vehicle for cronyism from the outset. The GOP forcing a veto isn’t going to wake him up or even score many political points.
Welcome to economic reality.
This guy and his friends never actually signed up. (They couldn’t afford to.)
In another life I was an insurance underwriter. I used to look at risks and then make sure my company had the right prices for the risks my company was insuring. I have never understood how Obamacare was supposed to “work.” It makes no sense in terms of insurance. The risks are too vast. The goals far too ambitious. It’s basically a giant (increasingly failed) experiment paid for by taxpayers designed (poorly) to address problems in the healthcare system which were originally created by government intervention in healthcare.
Gee, usually things which are this complicated work like a charm. Please note that the amount of graft (legal and otherwise) is commensurate with the complexity of a government program. There are probably thousands of revenue streams for cronies of various sorts in Obamacare.
There are people who honestly believe that markets are some sort of human construct, that supply and demand aren’t as simple as water flowing downhill. These people have done great damage to our economy and our society over the years.
These 2 guys do not like each other. Let’s hope that Cruz’s theory is wrong. If he’s right however it amounts to a complete betrayal from John Boehner.
When half of the population sees the government as a threat this should set off alarm bells. In the United States the citizenry should NEVER see the government as an immediate threat. Sure, perhaps in some sort of abstract philosophical sense government itself should always be seen as a kind of threat. But we are supposed to be a country of limited government, per the Constitution. The government should not be something the average American citizen is concerned about from day to day.
Obamacare, like all giant government programs, is already full of waste and “good enough for government work” thinking. But the insurance companies are reaping massive new profits.
Hey, it’s only your tax dollars.