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]
If the Supreme Court were to decide not to allow retroactive legislating and uphold Obamacare as written, terrible things would happen to America. We might, for instance, find out what health insurance in fabricated, state-run "marketplaces" actually costs.
The Kaiser Family Foundation estimates that the 37 states that have declined to set up exchanges would see an average spike of 287 percent should the King v. Burwell decision not go the Obama administration's way. It would be 650 percent in Mississippi -- an amount that only proves that exchanges have not made insurance markets more…
"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]