Monday, July 2, 2012
Obamacare: Crony Corporatism At Its Worst
I wondered why it would take such a 2000+-page monstrosity of a bill to "cure" the ills of our healthcare system. Wouldn't it be easier to come up with something that does not disrupt what 90% of the Americans have for health insurance and deal directly with those people who do not have it? I'm thinking of something similar to what used to be called food stamps. Maybe they would be called med stamps! Or do what they do in Switzerland: provide a direct subsidy to people who cannot afford health insurance or if the cost of the insurance exceeds a certain percent of their income. One possible explanation is that Obamacare gives our wise government bureaucrats complete control over a large sector of our economy. I'm sure there's some of that motivating the drive to develop such a complicated mess of legislation.
I also figured it had to be the result of the unholy alliance we have between government and big business. (This relationship is often referred to as crony capitalism, however I prefer the term crony corporatism.) The post below by Dan Mitchell of the Cato Institute confirms this suspicion by providing some background on the birth (or should we say failed abortion?) of Obama care. Be sure to check out the link that Mitchell provides in his post to an article that appeared in the Washington Examiner.