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.
We have maintained from the very beginning that Obamacare is a deeply and fundamentally crony program. It was passed using parliamentary tricks without even 1 vote from the GOP. It was written in conjunction with the the pharmaceutical and insurance lobbies. It was and is a giant adventure into political Boneheadistan and now many people are stuck with the system.
Super high deductibles and IRS fines are the order of the day for many middle and working class Americans.
Seriously, is there anything Obamacare can’t screw up?
The USA IS an exceptional country. We are SUPPOSED to be different from the rest of the world. This is SUPPOSED to be a place where the citizenry is respected. Some people, powerful people, have forgotten this. They should be reminded.
One of the reasons there is so much unease in the country (and in the world) is because everyday people feel completely marginalized by the powers that be. There is a sense that everyday people are now just observers,
But…But…But… I thought Hilary didn’t like the pharmaceutical companies. I thought they didn’t like her either. Hmmm.
When asked in the first Democratic presidential debate for an example of a political enemy, she named the drug companies. That was the word: “enemy.”
It’s good to be a favored contractor in Washington DC. Usually not so good for the taxpayer though.
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.