I’m not sure Steve Forbes follows the HealthCare Bill to it’s logical conclusion: the onerous regulations and coverage requirements are designed to DESTROY all the insurers, NOT turn them into some kind of de facto public utility. When they start going under then he will declare that the government has no choice but to take over.
Otherwise, this is the best article I’ve seen about Chris Dodd’s own 1500-page financial regulatory monster. He and his staff must have gone over it comprehensively.
Where I think Obama miscalculated is that his healthcare bill will bring on Gotterdamerung/Ragnarok much faster than he intended (after all, he doesn’t know what’s in it). That’s why the administration and Waxman are panicking over the companies’ public release of the estimates of their medical costs exploding. Things were not supposed to start going haywire immediately, It was all supposed to kick in AFTER 2012, not right away.
For my own part, I can’t see how this will do any less but cause the utter, total, abject collapse of the American Health Care System. Doctors quitting en masse, Hospitals and clinics closing their doors, Medicaid and Medicare exploding like overripe tomatoes... But first, doctors and hospitals will be going Galt all over their Medicaid and Medicare patients in a desperate bid to stay afloat a while longer. The shock effects will come on fast and hard, and snowball bigtime. As it hails on liberals and conservatives, workers and retirees alike, the public will be terrified and start breaking out the pitchforks and torches.
The greatest miscalculation was that these idiots actually thought they could make America a socialist state overnight. Eurosocialist countries can limp along for about fifty or sixty years or so but it only works that way if you’re a smaller (8-40 million), more homogeneous country and you have time to gradually lose your starch. And now they are “running out of other people’s money”, starting with the club med countries. America’s too big and complicated to function as a statist system. Furthermore, in Euroland, socialism was imposed gradually, bit-by-bit. These klowns simply threw every one of their wet dreams into one bill and passed it, with no idea of the unintended consequences. This is the real consequence of none of them bothering to read the whole bill and realizing all these gears don’t fit together.
The greatest miscalculation was that these idiots actually thought they could make America a socialist state overnight.
I have been saying this same thing since before Obama won the election. I said then, that if he were to win the White House, the Democrats would over-reach and push through every Socialist wet dream they've had for the last 40 years, which would result in an unprecedented level of OPPOSITION from the general, patriotic public.
Like children suddenly unleashed with Dad's credit card, they've run totally amok, and have created a backlash like nothing ever witnessed in this country. And that backlash is gaining steam, even though the full effects of Obamacare are only barely perceptible at present. When the pain of their destructive health care "reforms" comes to pass, the anger in the country will explode.
If the Democrats are simply voted out, en masse, they should consider themselves lucky. In earlier, saner times, there would have been mass hangings for such unbridled treason.
I think Forbes got it about right.
With respect to the adoption of Euro-socialism, (the Marxists are always wrong on so many points) the US did not transform itself over time from a feudal state. We might be tempted to say that such a system succeeds in more homogenous societies, but does it really? Been to Europe? Seen the work ethic and optimism of the average European? I would argue they still live in serfdom, but don't know it.
Great comment. It will be interesting to watch, although I wish I didn’t have to be part of the whole mess. *sigh*