Our healthcare is about to cost a lot more, thanks to the new taxes in Mr. Obama’s bill. (The bill was passed a while back, but it doesn’t take effect for some time.) You can see several new taxes, fees, and miscellaneous other “revenue provisions” in p. 10 of the bill’s 906-page text (in the 12-page table of contents), as reported on the Senate website at this link. Below is a summary:
Wednesday, July 25, 2012
Saturday, July 14, 2012
It seems like the most charitable of things to do: to legally set a minimum level of earnings for workers, or a maximum price of healthcare for consumers. These two things might not seem connected, but they are each a form of the same thing: price controls.
If people understood the laws of supply and demand, I wouldn't have to explain why price controls are bad. But because our education system has been so deficient in teaching this concept, I feel I must do so now.
Thursday, July 5, 2012
Obama favors both a maximum price for healthcare and a minimum wage for labor. The evidence for his favoring a maximum price for healthcare can be found in these two quotes, from pages 707 and 709 of the text of the Senate healthcare bill (the “Patient Protection and Affordable Care Act”) that Obama signed into law, as shown on the Senate Democrats’ website at this link.
Obama signing healthcare bill into law, 2010