17.12.15

YOU MAY NOT BE INTERESTED IN VOLUNTARY EXCHANGE. VOLUNTARY EXCHANGE IS INTERESTED IN YOU.

The quickest way to disabuse yourself of the idea that Barack Obama is some kind of Kenyan socialist is to visit the World Socialist Web Site, here suggesting that the Patient Protection and Affordable Care Act (two lies for the price of one) is anything but a plot to make single-payer look good.
The aim of Obamacare is to restructure an already class-based delivery of health care even more in line with the interests of the corporations, particularly the private insurance companies and giant pharmaceuticals, while cutting costs for employers and the government.

At the same time, Obamacare prepares the way for the privatization of Social Security and Medicare and their transformation into voucher programs, and provides the impetus for an assault on employer-provided health insurance, the means by which about half of all Americans currently receive coverage.
Inasmuch as "Social" "Security" is a massive contingent liability to future taxpayers, with a pay-as-you-go tax base that has depressed savings and capital formation for eighty years, that might be the best possible outcome.
Then comes the fallout from the so-called Affordable Care Act.  It might be a stalking horse for single payer.  But advocates of a government takeover of health insurance might profitably study the coming of Conrail.  First, hem in the railroads with regulations.  Then create a public agency to pick up the pieces.  The transition will not be pretty.  On the other hand, a future Ronald Reagan might see the opportunity to sell the agency off.
Go to Reason for further elaboration of this general principle.  "I am sure that making or keeping more of their own money is on many Americans' Christmas lists this year. Maybe Congress should put improving economic freedom on its New Year's resolution list." Faster, please.

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