In his column today, Sheldon Richman argues that what Obama wants is not competition in health insurance, but a cartel subject to federal control.
Good point. Just as Big Tobacco accepted the Master Settlement Agreement in 1998 because it created a cartel for them (new, less expensive brands not allowed in the US), so have the health insurance and pharmaceutical industries signed on to Obama’s desire to federalize health care.
Many sharp lines in the piece. I especially like this: “Instead of competition, the bill would create a newer, bigger insurance cartel, directed from Washington. Calling Obama’s exchange a ‘competitive market’ is like calling a graveyard a ‘bazaar.'”
Our Beloved Leader often spills the beans when he starts yammering. Yesterday he said that the good thing about his “public option” is that there would be no profit motive involved. That sort of lunacy plays well among his demented, hard-core followers, but most Americans understand that profit leads to good service, efficiency, and innovation, while non-profits are notorious for poor service, inefficiency, and liking things just as they are. Obama shows his abysmal economic ignorance and anti-capitalist mentality in saying that there’s something good about not having the profit motive.
