Monday, October 16, 2017

Obamacare's Ugly Truth

You're begging me to go
Then making me stay
Why do you hurt me so bad?
--Pat Benatar

Jeff Tucker observes that last week's executive order that allows choice in seeking healthcare coverage defeats the core feature of Obamacare: coercion. The ACA forces risk pools to exist that free people would otherwise never had chosen.

Tucker cites a litany of mainstream media critics who believe that that Trump's executive order is some sort of despotic act. But clearly the opposite is true. The order removes one source of coercion from the system.

Per Tucker, "Once you break this all down, the ugly truth about Obamacare is laid bare: Obamacare didn't create a market. It destroyed a market. Even the slightest bit of freedom wrecks the whole point."

Obamacare is about force, not freedom. It forcibly redistributes wealth from the healthy to the sick. Through its forcible creation of non-market risk pools, Obamacare counters the entire logic of insurance, which is "supposed to calibrate premiums, risks, and payouts toward mutual profitability."

By introducing a modicum of freedom into the system, last week's executive order exposes Obamacare as the true despotic act.

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