Crony Capitalism is a Feature (Not a Bug) of Obamacare

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.

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After Aiding Obama for 8 years NOW the Left is Afraid of Too Much Executive Power…Because, Well, Trump

This is the argument that libertarians make all the time and an argument most conservatives make most of the time. Give too much power to the president and guess what? One day you are going to have a president who does lots of things that YOU don’t like. The same principal goes for government in general.

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Goodbye ACA: Aetna to exit Obamacare in all but 4 states

That’s 7 in 10 Obamacare policies.

Looks like the Obamacare crony compromise just wasn’t rich enough in the end.

Insurance policies have to underwritten. That is they have to be assessed for risk. Real numbers have to be used.

In places for instance where car thefts are off the charts car insurance premiums are sharply higher. Why? Because the premium from the policies issued, taking into account the investment return possible from insurance reserves,

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Meet the Bounty Hunter Who Is Blowing the Whistle on Medicare

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.

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Logical end to socialism in Venezuela – You Won’t Believe What We Saw In Socialist Venezuela!! (VIDEO)

And…Fail.

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.

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(Are you ready?) Under My Skin: The New Frontier Of Digital Implants

 

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?

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How much of US corporate profits comes from cronyism? Maybe a lot and growing

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.)

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ObamaCare: A Crony Capitalist’s Best Friend

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.

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5 Things ACA Supporters Don’t Want You To Know About UnitedHealth’s Withdrawal From ObamaCare

D’oh.

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.

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Government wastes your time and money with its paperwork and red tape (But what are you going to do about it?)

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,

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