Nobody
should be surprised that President Obama's Department of Health
and Human Services has proposed a new bailout for insurers. Whenever
Obama sees a problem, he proposes a regulation. When that regulation hurts
someone, he proposes a subsidy. That subsidy, in turn, justifies a new tax or
regulation, then more bailouts. It may
seem like he’s swinging back and forth — pro-business, then anti-business — but
he’s marching in a straight line: more state control of industry. It's the
ratchet of state corporatism, and Obama is pretty handy with it.
Health
insurers and the federal government were intertwined in a web of subsidies and
regulations before Obamacare, of course. The federal government exempted
insurance from wage and price controls, and later made it an untaxed benefit.
These rules not only subsidized insurance, but by favoring the employer-based
market over the individual market, they insulated insurers from competition……To Read More….
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