May 07
Every government program designed to help poor people get health care produces the opposite effect: Medicare, Medicaid, and Obamacare all subsidize artificial demand, causing prices to rise. If government withdrew its evil tentacles from health care, medical prices would quickly adjust downward and quality would quickly adjust upward. Markets always win. Now the New York …
May 03
Never before in world history has an industry fallen under so much regulation as the current U.S. Medical Industry, an industry gorged on government money. Yet medical mistakes are now the third leading cause of death in America. See here. Only heart disease and cancer claim more lives. Indeed, “medical errors” in hospitals and other …
May 01
The government’s 2016 projections for Obamacare enrollees were off by 24 million people. The public has balked at sky-high premiums and deductables, while insurers have lost BILLIONS. Now the insurance companies are saying they will need to spike premiums in 2017. For example, in Virginia, a state that reports early, nine insurers returning to the …
Apr 18
Witness modern Venezuela. A generation ago, Venezuelan voters cheered when socialist Hugo Chavez was elected president. Chavez’s socialist government took over the mining, industrial, energy, and shipping industries. Chavez imposed censorship on the media, jailing critics. Wealthy households were raided and had their belongings taken by the state. Companies were banned or fled. Chavez provided …
Apr 14
If government programs were subjected to the same fraud and unfair-trade-practices standards that prevail in the private sector, many politicians and government bureaucrats would be serving lengthy prison sentences. Martin L. Gross reminds us that the congressional Republicans who pushed for Medicare Part D (prescription drug benefits for all Medicare recipients) in 2003 spread fundamental …
Apr 08
Government regulations aimed at helping the poor almost always harm the poor. After 6 years, the Affordable Care Act is increasingly harming the poorest Americans. In March, the Obama administration celebrated the Affordable Care Act’s anniversary by proudly declaring, “Thanks to this law, 20 million more Americans now know the security of having health insurance, …
Apr 01
CBS Marketwatch has published a frightening report of America’s near future. Americans will face a doctor shortage of up to a million physicians as overregulation, overinsurance and stupid government “health care” mandates and subsidies take their tolls. See here. Government overregulation subsidizes demand without increasing supply causing prices to rise. The poor have been largely …
Mar 19
Government has made health care vastly more expensive. By subsidizing demand, government programs like Obamacare, Medicare and Medicaid have made health care out of reach for most poor people. Moreover, Americans HAVE TOO MUCH health insurance (due to government programs): First, the excess of health insurance actually drives up cost. The more insurance for a …
Mar 02
Virtually every major state Obamacare “exchange” is collapsing due to low profits for insurers and high premiums for enrollees. In North Carolina, Blue Cross and Blue Shield offers Obamacare plans to all of the state’s 100 counties. In the first year alone, five percent of their ACA customers consumed $830 million in health care costs; …
Feb 26
Cover Oregon was a government “health insurance marketplace” that the state set up pursuant to Obamacare. The program initially cost $300 million to set up. About 170,000 people tried to sign up for Cover Oregon before it folded.
