New Gallup Poll on Confidence in Big Business Coincides with ObamaCare Merger Wave
A revealing commentary this week in The Wall Street Journal on reduced competition and insurance industry consolidation under ObamaCare coincides in an interesting manner with a new Gallup poll showing very low public confidence in big business.
In "How the Affordable Care Act Is Reducing Competition," physician and American Enterprise Institute (AEI) resident fellow Scott Gottlieb lays out how ObamaCare by design requires industry consolidation to accommodate its massive regulatory burdens and higher operating costs:
To sustain themselves, insurers must spread fixed costs over a larger base of members. The bigger they are, the easier it is to meet the government-imposed cap on their operating costs while cutting their way to profitability. This pressure discourages new health…[more]
Campaign finance reform is the cause du jour for certain federal bureaucrats, activists, law professors and aspiring presidential candidates. It is now an article of faith for would-be reformers that money corruption is pervasive in our elections, and that the only way to combat corruption and its appearance is to impose more government control — and thus more coercion.
It’s also an article of faith that the Supreme Court’s campaign finance decisions over the past five years — notably Citizens…
"Democratic primaries have always featured liberal insurgent candidates, but perhaps none quite so liberal or insurgent as the socialist senator from Vermont. Sanders' comments are a reminder of just how far the second-place Democratic presidential candidate stands from the American mainstream on some issues, and the looming reckoning Democrats face with their party's leftward drift."…[more]