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]
There may be some poetic justice in the recent revelation that Hillary Clinton, who has made big noises about a "pay gap" between women and men, paid the women on her Senate staff just 72 percent of what she paid the men. The Obama White House staff likewise has a pay gap between women and men, as of course does the economy as a whole.
Does this mean that Hillary Clinton and Barack Obama both discriminate against women, that they are themselves part of the nefarious "war on women" that so many on the left loudly denounce? The poetic justice in the recent "pay gap"…
"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]