12/07/2018

The Myth Of Obamacare 'Sabotage'

Tim Rice, Washington Examiner

The Affordable Care Act is on its last legs. At least, that’s the sense you get from reading this week’s headlines. NPR reports “Obamacare Sign-Ups Lag as Trump Slashes Funds for Enrollment Help,” while Politico solemnly concedes that “Trump may finally be undermining Obamacare.”

With two weeks left of this year’s open enrollment, it might seem that the Trump administration, through a combination of budget cuts and regulatory attacks, has dealt a final blow to the ACA, leaving millions of people uninsured, or at least unaware of their options.

There’s only one problem with this scenario — it’s false. Though it’s true that fewer people are enrolling in Obamacare plans, attributing this drop to “sabotage” from the administration is inaccurate. People are turning away from the exchanges now that there are other more affordable options to choose from.

Each year during open enrollment, the Centers for Medicare and Medicaid Services releases weekly “snapshots,” making it easy to compare enrollment year to year. In 2017, almost 2.8 million people had signed up for plans on the HealthCare.gov site by week four of open enrollment. This year, just more than 2.4 million have enrolled—356,347 fewer than last year, to be exact. First-time enrollees number 588,131, down from 718,285 last year.

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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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