Saturday, September 10, 2016

"Flunked Economics 101 and Human Nature 101"

I was going to link directly to the Chicago Tribune editorial and post about it myself, but Hot Air sums up what I would have said:

The Chicago Tribune published a blistering editorial Friday which says Obamacare is not only failing but has already failed because it “flunked Economics 101 and Human Nature 101.”
Come November, the grim trudge across the increasingly barren Obamacare landscape begins anew. Illinois consumers likely face staggering price hikes for individual insurance policies. Some types of plans could cost an average of 43 percent to 55 percent more. Ditto across the country: A first tranche of states approved 2017 rates with similarly cardiac-arrest-inducing premium increases.
After highlighting the withdrawal of insurers in Illinois and elsewhere the editorial offers a list of problems each of which begins, “Obamacare failed because…” Here’s a sample:
Obamacare failed because it flunked Economics 101 and Human Nature 101. It straitjacketed insurers into providing overly expensive, soup-to-nuts policies. It wasn’t flexible enough so that people could buy as much coverage as they wanted and could afford — not what the government dictated. Many healthy people primarily want catastrophic coverage. Obamacare couldn’t lure them in, couldn’t persuade them to buy on the chance they’d get sick.
Obamacare failed because too many carriers simply can’t cover expenses, let alone turn a profit, in this rigidly controlled system. Take Blue Cross and Blue Shield of Illinois, the state’s dominant Obamacare insurer. Last year, for every dollar the carrier collected, it spent $1.32 buying care and providing services for customers, according to BCBS President Maurice Smith. No wonder BCBS is proposing rate increases from 23 percent to 45 percent for its individual plans.
The editorial board balks at predicting this all adds up to a “death spiral” but quickly adds, “neither do we see a mathematical alternative.” The piece concludes, “The next president and Congress either reckon with Obamacare’s failures or … wait for the thud.”

The entire leftist vision in microcosm.

The smugness with which Jonathan Gruber spoke of putting one over on the post-American cattle-masses looks pretty pathetic now.

Unless the endgame is a complete Cloward-Piven-style collapse, in which case this is all part of the plan.


  1. Yep, shoved up our posteriors in the middle of the night, at first I thought, well, that's the only way we're gonna get this, then failing failing and failing some more to execute this colossal failure. Who could trust a universal plan now? Perhaps I'd go for Ryan or even Pence, but this is not at all enough of a failure for me to even think about voting for the chicken in every pot deceiver Trump. Neva, neva uh uh uh!

  2. No one here is going to try to convince you to vote for Trump.