In the News: Blog 10/7/2014
How to destroy American innovation
When I describe Obamacare as the greatest assault on our freedom in my lifetime, I can cite many reasons, from the massive tax increases to the incredible pile of new regulations to the unprecedented federal mandate to buy something. It’s not appreciated enough just what we lose when freedom is crushed. One huge loss is the American innovation in medicine, from drugs to devices to surgical techniques. As Scott Atlas, a physician now at Stanford University’s Hoover Institution, pointed out last week in the Wall Street Journal, that innovation mostly has happened in the United States, and the majority of it has been funded by private investment. But, Atlas points out, that investment in innovation has slowed dramatically, especially amid the miserably weak recovery of the past five years. He writes:
In the News: Blog 09/24/2014
Making health insurance as pleasant as filing taxes
The first word in the laughably misnamed “Affordable Care Act” refers to the way that Obamacare is supposed to lower the cost of health care. The president promised infamously that his plan would cut the cost of a typical family's premium by up to $2,500 a year. Instead, the average family premium was about $2,581 higher by last year than it was in 2010, the year Obamacare was enacted. Those premiums are going to go right on briskly rising, say experts. And if you don’t buy coverage on the government-run “exchanges” but still get it through your employer, you’re in for a shock in 2017 — assuming your employer can still afford to cover you, which is looking increasingly unlikely.
In the News: Blog 09/12/2014
The unaffordable economics of the 'Affordable Care Act'
The “Affordable” Care Act, President Obama’s perversely named disruption of health care, continues to be something America does not want, according to pollsters at the respected Kaiser Family Foundation. They revealed Tuesday that just under half of Americans disapprove of the law, while only 35% approve of it – numbers mostly unchanged over the past year, during which Obamacare’s benefits have been rolled out. The more Americans see of the law, the more they become confirmed in their dislike of it. No wonder. Last year’s rollout was botched, but recently the newly installed head of the federal “exchanges,” the artificial markets where customers must go to find government-mandated insurance plans, told a newspaper, “Part of me thinks that this year is going to make last year look like the good old days.”