Oh Look, They Don’t Like The Truth

Oh please…

“The promise of Obamacare was the right one and the hope for extending healthcare coverage to the un-and under-insured a step in the right direction,” the report says. “Yet the unintended consequences will hit the average, hard-working American where it hurts: in the wallet.”

Give me a break.

The so-called “uninsured” are only uninsured because of the outrageous ramp in medical cost which has been driven by monopoly behavior – behavior that, in other businesses, is supposed to be unlawful.

Put a stop to that – behavior that is illegal and in fact felonious in virtually every other line of business and the “need” for health insurance for other than extreme catastrophic events disappears.

Further, that catastrophic insurance, because it will cover so few instances of medical care instead of virtually cradle-to-grave events, will costless than car insurance does.

In other words virtually everyone will be able to afford it — without subsidies.

Why isn’t this advocated?  That’s simple — everyone involved knows damn well that if you cut off these monopolies at the knees the immediate impact on the economy would be a roughly 15% contraction in GDP.  This would require the formal acceptance of an economic depression!

It would not last long, as the spending done there would soon be redirected into other, productive areas of the economy, but it would happen with certainty and the policy folks — and unions — know it.

The Market Ticker

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