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]
From financially dubious exchanges to subsidies that aren’t technically legal, ObamaCare is imploding under its own shoddy draftsmanship.
ObamaCare’s state-run exchanges are a great idea – so long as federal taxpayers foot the bill. Since the law was passed in 2010, almost $5 billion in federal start-up grants have been doled out to the states. The idea was to entice state officials with seed money so that ObamaCare’s supporters could shift legacy costs onto state taxpayers. This was just one of the ways long-term ObamaCare projections could be considered deficit neutral…
"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]