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Tag Archives: Obamacare

Obamacare Bonzanza: Fat times in the health insurance industry

So let’s see…Obamacare has infused the health insurance companies with heaps and heaps of taxpayer dollars. Big Pharma has done almost equally as well under the cronycare regime. Premiums for terrible policies – which as I see it could largely be bought for the same or lower prices before Obamacare – are going up.

Yup, this thing worked out great.

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Leaked: Obama’s TPP will raise cost of medicine, creates protections for pharmaceutical industry

You’ve got to hand it to Obama in a weird way. He does a good job of placating his populist flank while his administration does the bidding of large corporations. Obamacare is one example, net neutrality is another, the TPP yet another.

One of the reasons we have generally opposed the Trans Pacific Partnership, even though we are big fans of international free trade, is because the agreement is likely chock full of crony deals. There’s a reason why so much secrecy surrounds the thing.

But we have been getting glimpses of the paper beast. The most recent comes from Politico.

Looks like the drug companies are about to have a big (and ongoing) international payday. Thing is this payday comes not from innovation and the satisfaction of customers but from privileges written into the TPP for pharma. At least they appear to be in the agreement at this point.

Obama is arguably the best friend Big Pharma ever had.

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Obama’s “to do list”.

Hey, he had a good week. Obama appeased both his corporate sponsors with the passage of fast track authority for the TPP and the Supreme Court rewrite of Obamacare. Then he appeased the West Coast folks with the gay marriage ruling. Add in a couple of other factors which we will not comment on and there you go, the bourgeois, middle class, flyover country people are put in their place.

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What Some Conservatives Aren’t Willing To Do To Kill Obamacare

The filibuster is an important tool which, as many have observed, has halted more bad legislation than good legislation. Getting rid of it would constitute a major change, and potentially a very bad one.

Even if it meant undoing Cronycare, eliminating the filibuster would likely come back to haunt fans of small government.

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King v. Burwell, Supreme Court rules and “rewrites”, Obamacare subsidies in all states

King vs. Burwell decided whether Obamacare subsidies extend to those who live in states where “healthcare exchanges” haven’t been set up.

In what Justice Scalia says amounts to a “rewrite” of the law, the Supreme Court decided today, that such subsidies do in fact extend to people in all states whether or not they live in a state which has established an exchange.

The full text of the ruling can be read HERE.

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Obama’s Unilateral Presidency Crashes Into the Constitution

I remember in college my professor explaining to us that the US system of government was too slow. That it was inherently difficult – too difficult he argued. A parliamentary system was much better and would allow “things to get done.” My professor, it was clear resented the restrictions placed on government by the Constitution.

One gets the sense that Obama feels the same way.

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Entrepreneurial struggles following the Great Recession

We are not creating new businesses in the USA at the rate we used to. A mixture of factors has contributed to this (as is pointed out in the attached article) but crony capitalism and overegulation (the two are tied) are the chief culprits in my estimation.

It’s always been hard to start a business. It’s always been hard to take an idea, make it grow, and then make it grow profitably. But in an increasingly crony and regulated economy it’s even harder. It’s one thing to have a short stack at a poker table. It’s something different to have the short stack while the big stack established firms get to change the rules of the game and take some of your stack with each hand.

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Have House Republicans Cast Their First Vote For Obamacare?

Obamacare, which passed through Congress on questionable procedural grounds, the rejection of which was the wave on which many a House GOP freshman rode into Congress, is settling into law. And the Republicans are now helping to make it happen. I guess pharma, hospitals, and the insurance companies like their new taxpayer financed revenue streams.

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(The statists are really getting scared now) Salon: America’s libertarian freakshow – Inside the free-market fetish of Rand Paul & Ted Cruz

Let’s get one thing out of the way. Both Paul and and Cruz are libertarianish. Paul more libertarianish than Cruz. Neither however is really pushing a hard core liberty oriented agenda.

In the attached article Paul and Cruz aren’t the real focus anyway. Crony capitalism is.

The author tries to make the argument that crony capitalism is what capitalism actually is. There is no distinction between capitalism partnered with the state and capitalism in general. It’s the same phenomenon.

This is the argument that many big government people try to make all the time on this site, because it is what fits the statist worldview. It is what people have been taught all their lives. I was certainly taught this.

On one side are the “progressives,” owners of progress, good government, making the world better and more fair. On the other side there are the “capitalists” monsters of greed and exploitation. Angels and demons.

This worldview is as simple as it is simple minded.

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Health Industry Paid Acting Centers for Medicare Chief Millions – Tax Deferred – When He Joined Gov’t

Hey, it’s good to be rich. It’s particularly good (if one is a crony) to be rich and connected. It’s nice to be able to make a phone call or email and get a “certificate of divestiture” which allows one to to defer indefinitely the capital gains taxes on gains made on the stocks of the healthcare companies one used to work for. (Before heading a government agency which regulates said companies.)

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