Speaking of Obamacare, not enough commentators are picking up on what seems to us as clear logic: Obamacare will eventually lead to a so-called single-payor system, i.e., government provision of all health care. Call it an intended consequence and probably a shrewd strategy for the socialists who know that single-payor is not politically viable yet.
The chain of events will go something like this: Mandates on insurance companies to cover anyone at prices that the insurers don’t control will turn health insurers essentially into public utilities—with all of the responsiveness and innovation that we have come to expect from such enterprises. Meanwhile, increasing costs, the “Cadillac tax,” and other burdens will cause more and more employers to drop their health insurance coverage. A few years after the law is fully implemented, and most Americans despise the system, politicians will do what they do best: throw more money at the beast. When that doesn’t work, politicians will adopt another of their favorite tactics: blame evil corporations. The big health insurers and big employers have heartlessly failed to take care of their customers and employees, the argument will go, so only benevolent government can step in and provide for the hapless citizenry. Americans, as we will have done for nearly a century by then, will accept this logic as the only solution.