In today’s American Spectator, I discuss the economic realities that are catching up with Obamacare. Its morass of perverse incentives are slowly dismembering the thing piece by piece.
Until the 19th century, the Chinese practiced a method of torture called lingchi. Better known as “death by a thousand cuts” it involved slicing small pieces of flesh from a victim’s body, one by one, so that death was both protracted and utterly excruciating. This is what the realities of economics are doing to the Patient Protection and Affordable Care Act.
The authors of health care “reform” believed they could ignore the dismal science. The laws of economics have rewarded this hubris by ruthlessly inflicting fact after agonizing fact on Obamacare.
Moreover, this is becoming obvious to all but the most obtuse of the law’s apologists. In fact, it has been conceded by strongholds of Obamacare supporters like the Washington Post, the New York Times, and even the Huffington Post. The latter publication, for example, carried a column late last week titled, ‘Why Obamacare Will Fail.’
And, as surprising as it was to find such an article in this notorious purveyor of White House propaganda, it was even more so to discover that its author, Dan Karr, doesn’t blame some dark Republican plot.
Karr writes, “The Affordable Care Act (ACA) will fail for business reasons.” To read the rest of the column, click here.