The problems plaguing the health care system are rooted in the treatment of health care as a "right." This justifies government intervention in the health care marketplace. This intervention causes increasing prices and declining quality and supply. Ironically, those who suffer most from government intervention are the very people proponents of these programs claim to want to help.
Following a blitz campaign by Congress, one which saw Hillary Clinton announce yesterday that the Epipen price increases were "outrageous", moments ago Mylan caved and announced it would take immediate action to cut the cost of its EpiPen allergy treatment. In a press release issued moments ago, Mylan said it would expand already existing programs to help people with high out-of-pocket expenses, effectively reducing costs by 50 percent for some patients
The Obamacare exchange in Tennessee is "very near collapse" as insurers are imposing nearly 60% YoY premium hikes and pulling back on coverage areas which could leave certain counties with no health insurance options at all...
The best thing about Obama (from an oligarch’s perspective), is his uncanny ability to push through upward redistributive wealth policies while still maintaining a phony aura of caring about the little guy amongst so many of his apparently lobotomized supporters.
No more. The Obamacare meltdown has destroyed the conceit that government can improve society through expansion and mandate. It turns out that large stacks of paper don’t automatically bring justice, equality, efficiency, and universal provision. Obamacare could be the last large-scale welfare program ever passed by Washington, D.C.
This slow exodus of insurers from the health law's marketplaces represents a serious threat to the continued stability and existence of its exchanges. Obamacare is perched on the edge of a death spiral. The fundamental problem is simple: Insurers are losing money... was that the plan all along for the Affordable Care Act?
In a glaring example of crony capitalism, Aetna CEO Bertolini wrote that, despite Aetna’s past support for Obamacare, "unfortunately, a challenge by the DOJ to that acquisition and/or the DOJ successfully blocking the transaction would have a negative financial impact on Aetna and would impair Aetna’s ability to continue its support, leaving Aetna with no choice but to take actions to steward its financial health."