A wonderfully concise take on an interesting new problem

[Mark Rippetoe]

http://booksbikesboomsticks.blogspot...-id-weigh.html

Update: http://ricochet.com/main-feed/The-Great-Prevaricator

I'm actually enjoying the past few days. It's as though I was correct all along.

[Matt275]

What a huge fail ACA is to date. What did everyone expect when they passed a bill they knew had problems just to get it in before Brown took his seat. Going to be fun to watch Hilary campaigning on how she'll fix a bill she supported. Especially because she tried to do the healthcare thing during her first stint in the white house and failed.

[Mark Rippetoe]

It's as though von Mises never wrote Socialism. As though there were no examples of a bunch of bureaucrats trying to design a new way for an industry to operate. Almost like nobody knew this was going to occur.

[stronger]

It has been pretty enjoyable to watch the Democrats and Obama squirm. The 2014 elections should be fun

[Mark Rippetoe]

The term "Schadenfreude" has been correctly applied here.

[Matt275]

The one thing I don't understand is why the insurance companies have kept silent. The whole thing fails if young healthy people don't buy into the system. I have to think that the "tax" will be less than premiums and they'll opt out. If they get get sick then they'll get the insurance. There's going to be more gaming of the system than there is now. Where's the payoff for the insurers?

[Joe Murphy]

This piece really made me smile: http://nationalreview.com/article/36...jonah-goldberg

[Mark E. Hurling]

If I were a man with greater character I wouldn't do this. But this will clearly prove I am lacking in proper deportment.



Yep. Rude, crude, and socially unacceptable.

[Brian Harlin]

What really pisses me off are the people that make comments such as, "you just want America to fail." Or "You (usually directed at Tea Party) are willing to destroy the country just to hurt Obama. Instead of trying to fix this you just want it all to burn."

I don't want America to fail. I, along with ~50% of America, thought this was bad for America from the start and never wanted it. I want this program to fail. Fuck all you that insinuate that I am a bad person for wanting it to fail and enjoy watching it fail. It can't fail soon enough.

[Mark Rippetoe]

The one thing I don't understand is why the insurance companies have kept silent. The whole thing fails if young healthy people don't buy into the system. I have to think that the "tax" will be less than premiums and they'll opt out. If they get get sick then they'll get the insurance. There's going to be more gaming of the system than there is now. Where's the payoff for the insurers?

Dunno. Maybe their actuaries told them they'd sell more policies. Their stock prices have been up too, so lots of people are apparently confused about the way people make decisions about insurance. Briefly: Nobody likes to pay for insurance. If you don't use it, you are writing a check anyway, and if you do use it, you usually perceive that you got fucked somehow. But older people decide it's better than the consequences of not having it, so they pony up. Younger people do not, and that's a rational decision. So why everyone assumed that you can coerce people who are not paying for it now to suddenly change their minds for the good of Society is beyond my comprehension.