Have you ever noticed how the big three news media outlets (Fox, CNN and MSNBC) have a trailer on the bottom of the screen constantly declaring that there is some sort of "Breaking News" we must all give our immediate attention to? For fun I just now clicked on each of those channels and, sure enough, each one of them had a prominent "Breaking News" bug on the bottom of the screen. I would think if news is important enough to be breaking it would be important enough to be on all three channels at the same time, but that was not the case. Instead, each channel had a breaking news item designed to support its particular political agenda. It all seems so fair and balanced, as well as allowing me to decide what is true and what is false.
I have breaking news for you today. It is shocking and it is not being reported on any of the three major cable news outlets. The breaking news I have for you today should not come as a shock to anyone who understands basic economic principles. The only people who will be shocked by the news I have for you today are those who worship at the throne of civil government. Those poor misguided souls believe that civil government in the Socialist Democracy of Amerika is omniscient, omnipotent and beneficent. They believe that there is nothing government cannot do, even if it contradicts basic economic truths. It is too bad those who idolize the State are doomed to the Lake of Fire for eternity but that is the way it will be unless they repent of their idolatry and turn to the living and true God of the Bible.
Basic economic principles teach us that government can never be as efficient as the free market. Indeed, free market economics teaches us that government cannot do anything that is not harmful to the economy. Government cannot produce anything without first having stolen something from someone else. As a result government is utterly incapable of creating economic growth. At the very best, and that state of affairs does not exist in the real world, government intervention into the economy would be a zero sum game. In the real world government intervention into the economy is always harmful, even for those who are its direct beneficiaries via wealth transfer payments.
What is true of government is not true of the free market, where real goods and services are produced by businessmen who use capital they have accumulated via voluntary transactions to produce those goods and services for people to purchase. In the free market consumers reign supreme and producers vie with each other for the privilege of serving them. In a market free of government intervention prices always go down and the value of the currency always goes up. Real wages and productivity constantly rise. There are no recessions and people are free to trade with whomever they please. Everyone is better off and only the lazy and indigent experience economic suffering, as it should be. If a man will not work, neither should he eat. (For those of you who are not aware, that last sentence was written by the Apostle Paul. For those of you who are not aware, and that is most people in our post-Christian society, the Apostle Paul wrote huge parts of the New Testament. For those of you who are not aware, the New Testament is a part of the Bible. If you do not know what the Bible is prepare for the Lake of Fire as it is your future.)
Believers in the religious practices of Obamacare believe that a government administered program of health insurance can insure every citizen in the SDA for a lower cost than the free market could. They also believe Obamacare mandated insurance coverage is superior to other, free market, policies in that it allows you to chose from a huge variety of medical services, all of which will be provided for lower prices than the free market would provide them. Believers in Obamacare, like all practitioners of State worship, are seriously deluded about their god and what he can do for them.
The front page of my Denver Post had this story today, "Health Insurance: Individual rates in Colorado to jump an average of 20%." Here is a part of the story, "Colorado residents who buy their health insurance themselves will pay 20 percent more on average next year, and, for the first time, residents in 14 counties will have the choice of only one carrier offering plans in their area via the state health insurance exchange. The increases are the largest in Colorado since the 2014 launch of the Affordable Care Act, also known as Obamacare. In some parts of rural Colorado, premium increases will top 40 percent, according to figures approved Tuesday by the Colorado Division of Insurance."
Well there you have it. Obamacare is going into its third year of existence and it is already a miserable failure. Promises of cheap insurance are being replaced with guarantees of super expensive insurance. If my health insurance premium goes up by 40% next year I will be paying more for health insurance than any other line item in my monthly budget. If it goes up by the average 20% expected around the state, it will be my second largest monthly budget item. I laughed out loud when I read the sentence about how, "the increases are the largest in Colorado since the 2014 launch of the Affordable Care Act." If the act is about affordable care, how can it be that my cost for health insurance has risen so dramatically? (My monthly premium has more than doubled in the past four years.) If the act is about affordable and abundant care, how can it be that many people will have no choice about who they purchase their health insurance from? Shall we admit the obvious? Shall we admit what everyone who understood free market economics predicted years ago? Shall we admit that Obamacare is a miserable failure? Yes, and that is Breaking News!!!