Reality is a funny thing. Good wishes and even piles of money can’t hold it back forever. This is a good general rule for just about every government program.
If only huh?
The truth is almost no one in government, with the exception of a very small (but growing) group in Congress, cares about where your tax dollars go. It doesn’t matter. What matters is that the beast is fed, the continents placated with “gifts,” and that the status quo remains the status quo. The folks in Washington, law makers and bureaucracy alike, know that they’ve got a good thing going for themselves.
Consider that roughly half of Americans pay no federal income tax.
Another great report out of Caracas. I have to say that these guys have got to be at least a little nuts. Though we are thankful for the light they are shining on the situation in Venezuela.
I’ve been following digital implants and under the skin RFID chips for over a decade. Interestingly the first responses to my posts were incredulous mixed with off the wall conspiracy rants. Then as the reality of such devices has increasingly rushed toward us people have begun to think seriously about what it means to have a tracking chip embedded in their person. What does it mean that the device which holds your financial information also houses you medical information?
This is a big problem people. Businesses are increasingly getting addicted to the government extracted money which comes from you and me. (And from our children and their children’s children.) Good to see even the folks at Harvard getting hip to this. Now if we could just reduce the key to crony capitalism, the thing which insulates these businesses from competition and which costs consumers billions, crony government. (And really there is no other kind.)
So long California. (These articles just keep popping up every other week.)
Indeed Obamacare is a massive, colossal vehicle for crony capitalism. We have maintained this from the very beginning of the program. It is full of sweetheart deals, exceptions for politically powerful groups, and most importantly nice fat revenue streams to the health care monolith. It should always be remembered that pharma and the insurance industry wrote big parts of Obamacare. It’s how the Dems bought off industry to squeeze in a highly partisan, hyper-partisan, piece of legislation.
In another life I was a property and casualty insurance underwriter. I would assess risk and figure out if premiums for a given area were enough or too much. Was the company too exposed to hurricane damage? What about earthquakes? Balancing risk with premium was the name of the game.
Given my background I have never understood how Obamacare was going to “work.” Obamacare seemed (and is) an adverse selection machine. The sick are more likely to sign up and the healthy have shied from the program for any number of reasons.
Government is massive. It is inefficient. It is wasteful. It bullies. It over regulates. It hinders commerce. It is the fundamental component of crony capitalism. Crony capitalism can not happen without government. The bigger the government the more crony.
Laws should be simple and straightforward. They should be few. They should be transparent.
To the degree that laws are not simple and straightforward, to the degree that they are many and not few, to the degree that laws are not transparent,
Remember when Senator Baucus, a Democrat, said Obamacare was going to be a “giant train wreck”? Well…
The market reality confronts Obamacare yet again. Yet the health insurers were a big part in the healthcare law happening in the first place. So perhaps some justice?
Of course the pain is going to be for the people whose healthcare is disrupted yet again.
Death spiral for Obamacare?
Obamacare was constructed in slapdash fashion in an effort to head off the rising anti-Obamacare sentiment exhibited by millions of Americans at the time. The Dems were able to squeeze the law in using some questionable procedural moves without one Republican vote. Concessions were made to Pharma. (Parts of Obamacare were written by Big Pharma.) Other concessions were made to the big health insurance companies. (Parts of Obamacare were written by the big health insurance companies.) All in an effort to get something which looked like universal healthcare under the wire.
Pain must be managed and suffering is overrated. However, we are in the midst of an opioid bloom in this country. Lives are being destroyed. People are trading one type of suffering for another all across this country. It’s a tragedy writ large.
We’ve covered the roll of cronyism and how it has factored into the current drug crisis. It was a factor in getting this ball rolling. It would be a horrible shame if the massive bureaucratic beast which is Obamacare helped to perpetuate the current troubles.