2 Cunning Shits
After the big news the other day — the Supreme Court gave the green light to Obamacare — I started break dancing in the streets with confetti and cool sunglasses. Clearly, the greatest law ever had come to fruition, and everyone’s problems would now be solved, thanks to the most benevolent and caring human ever, Barack Obama.
My main concern with Obamacare is this: markets work best when you have lots and lots of buyers and lots and lots of sellers. When you have lots and lots of buyers and one monolithic transactor providing regulatory “oversight,” and that monolithic transactor is the government, which is notoriously susceptible to gaming (see pension spiking in California), then you open up a huge box of crap.
I’ll echo what my libertarian writer friend Lucy Steigerwald has written about — the only thing worse than hate is abstract love. When the government administers “abstract love” i.e. contrived, convoluted “caring,” there is almost always (bad) unintended consequences.
Regulation distorts markets. Yes, I understand, you need some regulation because there are a lot of thieves in the temple masquerading as free marketers. And heck, the EPA has even mitigated acid rain with its regulatory efforts!
But this bit of Obama chicanery is, charitably speaking, “an overreach.” A cynical overreach at that.
Let’s call Obamacare what it is: Something driven by longstanding, well-heeled Democrats like Pelosi and Biden so they can continue to get “atta boys” at lavish fund-raisers held by their affluent, nominally “liberal” friends.
I don’t see a legitimate attempt here to help the American people; I see cynical gamesmanship to further empower and raise the social status of a few insufferable gnats.
Obama’s facing a billionaire retirement when he leaves office, so I suspect he doesn’t give a damn anyway. He’ll be safely insulated from the economic consequences of his feelgood legislation, as will his affluent “liberal” friends.
But I have additional concerns about my diminishing autonomy under this new law, my ability to choose my own physician, and industry transparency regarding who is in bed with whom now. Moreover, I’m concerned about the incentives and positive signals, if any, the legislation sends to doctors and potential doctors. For them, work will no longer be about healing, helping or — gasp — making good money. Their work will be about compliance and procedural issues. Everything health-related will take a backseat or 20.
Please prove me wrong, but this all looks like acne-covered ass.