In the attached article Glenn Reynolds examines the new, increasingly stratified America.
Obamacare is a disaster for a multitude of reasons, most of which we have documented here at one time or another. But it looks like the program will survive in some form and will be yet another government created vampire which slowly saps the energy of the US economy.
This is good stuff.
I wouldn’t say everything. We’ve had a very nice summer in Virginia. Not too hot. Kind of what I imagine Summer in Ithaca New York is like.
But it’s true. On the political and economic front things just don’t look good.
As we have said, Obamacare appears to have entered an insurance death spiral from the moment it came online. I mean started. It took a while to get online.
We’ve been saying this for 2 years. Now even the people who worked for Obama are admitting that Obamacare is a crony capitalist jack.
This is a move against Canadian pharmacies (primarily) which offer high quality drugs for sale at much lower prices than what is found in the USA.
One of the things I like about Barney Frank (and there aren’t that many things) is his occasional bluntness.
For instance -
The Department of Defense has been given a free ride pretty much since World War II. The Military Industrial Complex which President Eisenhower warned about in his farewell address (former 5 star general Eisenhower) is very real and it has grown and grown taking up ever more of the American economy. The contractors and the services are awash in taxpayer money. Your money. And much of this money isn’t being used wisely. It is going to hyper expensive parts procurement (see above), and for programs in sub-Saharan Africa, and jets which catch fire on the flight line (The F-35) and Lord knows what else.
The individual is now an antiquated notion in medicine. Doctors are increasingly encouraged to manage the health of “populations.” The individual in an Obamacare world is less important. You are now part of a school of “fish.” If a few go belly up or are lost to sharks, well that’s the way it is.