Tag Archives: Regulation

Government-run health care is really about redistributing wealth

Article from radical leftist Jonathan Chait of the extremely biased New Republic. (H/T Just One Minute via ECM)

Excerpt:

The single most popular health care idea emanating from the right is to allow Americans to purchase health insurance across state lines. What a stupid idea, making people buy insurance only within their own state!

[…]Now, think about this for a minute. I doubt her precise figure, but let’s grant the premise that young healthy people could save a lot of money from such an arrangement. Why is that? Is it that out-of-state insurance companies are that much more efficient? No, of course not — profit and overhead don’t account for anywhere close to two-thirds of insurance premiums.

The young and healthy would save money because they’d find an insurance plan from a state with very limited regulation. Say, those plans would operate in a state that doesn’t require insurance to cover any medical conditions that are unlikely to afflict a young, healthy 25-year-old. What happens is that the health care industry becomes like the credit card industry. Some small state realizes it can attract a lot of business its way by winning the race to the regulatory bottom.

So then, effectively, we’ve almost completely eliminated all regulations on health insurance. Conservatives will say that’s great. And certainly the healthy 25-year-old would be better off. But, of course, the effect of those regulations was to force insurers to cover medical conditions that older or less healthy people have. As a result, all the young healthy people have split, and costs on everybody else go up. The young and healthy are paying higher rates because of these regulations. But the same regulations let the old and sick pay lower rates — and they’re the people who have the biggest trouble buying insurance as it is. Allowing interstate sale of insurance isn’t just a non-solution, it’s a massive anti-solution, worsening all the problems of the status quo.

Got that? The whole point of socialized medicine is to force people to limit their choice of coverage to only in-state plans so that young people just starting their careers have to pay more for coverages that they don’t need. And retired people who have had all their lives to make money and save for their own health care get health care for less. The health care of the elderly needs to be subsidized via government-controlled wealth redistribution. Isn’t it amazing that young people vote so overwhelmingly for Obama?

Global warmist Phil Jones admits there’s been no global warming since 1995

Story here from the UK Daily Mail. (H/T VotingFemale via Neil Simpson)

Excerpt:

Untold billions of pounds have been spent on turning the world green and also on financing the dubious trade in carbon credits.

Countless gallons of aviation fuel have been consumed carrying experts, lobbyists and politicians to apocalyptic conferences on global warming.

Every government on Earth has changed its policy, hundreds of academic institutions, entire school curricula and the priorities of broadcasters and newspapers all over the world have been altered – all to serve the new doctrine that man is overheating the planet and must undertake heroic and costly changes to save the world from drowning as the icecaps melt.

You might have thought that all this was based upon well-founded, highly competent research and that those involved had good reason for their blazing, hot-eyed certainty and their fierce intolerance of dissent.

But, thanks to the row over leaked emails from the Climatic Research Unit, we now learn that this body’s director, Phil Jones, works in a disorganised fashion amid chaos and mess.

[…]…he also sounds much less ebullient about the basic theory, admitting that there is little difference between global warming rates in the Nineties and in two previous periods since 1860 and accepting that from 1995 to now there has been no statistically significant warming.

He also leaves open the possibility, long resisted by climate change activists, that the ‘Medieval Warm Period’ from 800 to 1300 AD, and thought by many experts to be warmer than the present period, could have encompassed the entire globe.

Read the rest here. An updated story is here.

One other thing: a new US Senate report on polar bear populations. (H/T Big Journalism via ECM)

The U.S. Fish & Wildlife Service estimates that the polar bear population is currently at 20,000 to 25,000 bears, up from as low as 5,000-10,000 bears in the 1950s and 1960s.  A 2002 U.S. Geological Survey of wildlife in the Arctic Refuge Coastal Plain noted that the polar bear populations “may now be near historic highs.”

It’s just a hoax, people.

Related stories

Margaret Thatcher and Ronald Reagan discuss capitalism, socialism and liberty

Some wonderful videos from the old days when giants walked the earth.

Maggie’s plan:

The results of Maggie’s plan:

Ronald Reagan’s vision:

Ronald Reagan on socialized medicine:

Where is the new Reagan and the new Thatcher?