All the negatives predicted for Obamacare (the Patient Protection and Affordable Care Act) are coming to pass. But what would you expect of a program in which the government defines the insurance product that (licensed) companies must offer, sets the terms of coverage, issues strict price rules, subsidizes buyers and sellers -- and calls the resulting crazy-quilt scheme marketplace competition? Obviously, when the scheme finally collapses, it is assuredly will not be a market failure. It will yet be another government failure.
Read the rest at The Libertarian Institute.
In a just world, people would look to those who predicted the problems with ACA for guidance regarding how to properly reform the US health care market. Instead we get to be like Cassandra.
ReplyDeleteAlong those lines, we look to the two people who were most wrong about Iraq as the "informed" foreign policy experts in this presidential race. Stein and Johnson are too inexperienced to weigh in, even though they correctly predicted the disaster.
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