Health Care

The Real Problem with the Obamacare Mandates

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The Patient Protection and Affordable Care Act, otherwise known as the PPACA or Obamacare, became law on March 23, 2010. Passed along strict party lines, it has proven to be one of the most polarizing pieces of legislation ever passed. Some of those who initially supported the president’s health-care law are now some of its most vocal critics. Yet ... [click for more]

Ending Medicare

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Medicare is government-funded health care for Americans aged 65 and over and/or those who are permanently disabled. Like Social Security, it is funded by payroll tax deductions from both employers and employees, but only partially. Unlike Social Security, which has its roots in Franklin Roosevelt’s New Deal, Medicare began in 1966 as part of Lyndon Johnson’s Great Society. Initial enrollment ... [click for more]

Death and the National Health Service

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“I’ve seen the future, baby: it is murder.” — Leonard Cohen, “The Future” The British are so proud of their National Health Service. Hospitals are falling apart and have become a breeding ground for staph infections; waiting lists and the rationing of care are the norm, and “new medical technologies” has become an oxymoron. But to hear them ... [click for more]

Obamacare’s Other Achilles Heel

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With the media obsessing about the fiscal cliff, many people may not have noticed that net American taxes for the next decade just rose by around $1 trillion. That’s the cost of the first phase of the Patient Protection and Affordable Care Act, commonly called Obamacare. Much of the increase will be borne by the average working person. The watchdog ... [click for more]

Medicare Is Doomed

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When Democrats accuse Republicans of wanting to “end Medicare as we know it,” they are right. Of course ending Medicare as we know it is not the same as ending Medicare. What Democrats fail to point out is that “Medicare as we know it” is no longer an option for anyone. They too will end “Medicare as we know ... [click for more]

Medicare Is Doomed

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When Democrats accuse Republicans of wanting to “end Medicare as we know it,” they are right. But Democrats do too. “Medicare as we know it” is no longer an option. Leaving aside Medicare’s fatal moral defect — that it’s coercively funded — the program is doomed. It has tens of trillions of dollars in unfunded liabilities. It threatens working generations ... [click for more]

The Supreme Court’s Word Game Saves Obamacare

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The Supreme Court decision upholding the health-insurance mandate in the Patient Protection and Affordable Care Act (Obamacare) had a distinct Alice-in-Wonderland feel to it. As Lewis Carroll wrote in Through the Looking-Glass, “When I use a word,” Humpty Dumpty said, in rather a scornful tone, “it means just what I choose it to mean — neither more nor less.” Chief Justice ... [click for more]

Sick Economics

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Second only to their salary, all employees love and depend on their fringe benefits. Fringe benefits can take the form of paid time-off for breaks, vacations, jury duty, personal reasons, maternity leave, or illness. They can be in the form of discounted or fully paid insurance for health, life, or disability. Participation in a pension or retirement program is a ... [click for more]

Big Pharma and Crony Capitalism

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A friend just experienced a terrible drug problem. Not with illegal drugs, but with a prescription from her doctor. Her eighty-year-old memory sometimes stumbles, and so, without diagnostic tests, the doctor prescribed a potent Alzheimer medication. Within a week, I received phone calls from her about two men and a woman who were breaking into her house repeatedly despite carefully ... [click for more]

Socialized Medicine Is Here to Stay

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The Supreme Court heard 65 cases this term, but waited until the very end of the term to issue its ruling in the case regarding the Patient Protection and Affordable Care Act, more popularly known as Obamacare. The main issue was the constitutionality of the “individual mandate” that every American not covered by Medicaid, Medicare, or health insurance must purchase ... [click for more]

The Big Health-Care CON

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For decades governments have been passing laws and regulations with the stated goal of bringing down health-care costs. For just as long libertarians have been pointing out that government policies such as Medicare, Medicaid, physician licensing, pharmaceutical regulations, and insurance mandates are at the root of the problem and that every attempt to fix the problem without addressing those ... [click for more]
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