06/13/2018

Goodbye To Obamacare

Francis Menton, Manhattan Contrarian

Obamacare!  It was supposed to usher in a new era of healthcare nirvana.  Universal "coverage"!  Better health!  "Bending the cost curve"!  "Affordable" care!

Have you noticed that you haven't been reading much about Obamacare recently?  Yes, there was a blip of press mentions last year, when the Republican Congress was making some failed attempts at full repeal of the Act.  (See my coverage here from September 27, 2017.)  And since then, mostly radio silence.  So, was universal "coverage" in fact achieved?  And, what happened with the health results?  And with the famous "cost curve"?  I'll bet you don't know.  Could it be that the press just doesn't report things that are unfavorable to the official narrative?      

And now, rather suddenly, it looks like Obamacare may be on its last legs.  Recall that when the Supreme Court upheld the constitutionality of the Affordable Care Act in 2012, the reasoning was that the so-called "individual mandate" was enforced with a tax, which the Court said the Congress had the power to enact.  But then one of the provisions in the big tax reform statute at the end of 2017 repealed that tax, effective January 2019.  Whereupon 20 states brought a new lawsuit in the Northern District of Texas asking for the logical conclusion to be drawn, that all of Obamacare was now unconstitutional.  On Thursday (June 7), the Justice Department filed a brief in that case agreeing with the plaintiffs that various sections (basically, most of the heart) of Obamacare "must now be struck down as unconstitutional":

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In Search Of History

4,000 Years Of Price Control

Tablets, said to be 200 years older than the Babylonian Code of Hammurabi ... show that the ancient kingdom of Eshnunna had wage control and price control. The news ought not to have come as a surprise. For the code of Hammurabi itself (unearthed in 1902), which was promulgated earlier than 2000 B.C., fixed prices, wages, interest rates, and fees. This makes price control at least about 4,000 years old. ...

 

Ironically, it is those who now wish to return to this ancient totalitarian device who are fondest of calling themselves “progressives.” They are also fond of saying that those who believe in economic liberty “are living in the nineteenth century.” These controlists have yet to learn that they themselves are still living, as the discoveries in Babylonia attest, in the nineteenth century—B.C.!

-- Henry Hazlitt,

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    FreeMarket Central Shadow Stats: 9.9%

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