Monday, September 10, 2012
But that leads to a new problem. (See Mises's Critique of Interventionism.) Younger and healthier people will leave the insurance market: Why pay inflated premiums when you can put off buying coverage until you are sick?
There's only one solution to this problem if the other interventions are to be maintained: an individual insurance mandate, the centerpiece of Obamacare, which Republicans and conservatives say they hate. Except that they don't really. Romney enacted a mandate in Massachusetts, and the conservative Heritage Foundation proposed one in the 1990s after the Clintons proposed their health care overhaul.
Is this Romney capitulation to Obamacare enough to keep the GOP base home and assure Obama the election?