Against the Obamacare Bailout


Obama, who savaged the Bush administration over the 2008 bailouts, is planning on going out with . . . a massive bailout. Congress can and should put a stop to this nonsense. When the so-called Affordable Care Act was being debated, conservative critics predicted that it would ruin private insurance companies. But the insurance companies largely supported the bill, at least after they were bought off with a provision, the “risk corridors,” that would spread profits and losses across the industry, in effect converting competing insurance companies into a national cartel. The Affordable Care act is, as predicted, ruining private insurers. In this case, we don’t hate to say we told you so. We did, and you should have listened- READ MORE

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