Another bailout – and this time the cause is another failed government program. Although the Obama administration denies insurance companies will receive a bailout, many are convinced that the government will do whatever is necessary to maintain the solvency of critical insurance providers. According to a recent LA Times article, “the Obama administration has quietly adjusted key provisions of its signature healthcare law to potentially make billions of additional taxpayer dollars available to the insurance industry if companies providing coverage through the Affordable Care Act lose money.”
Hardworking Americans can choose to pay for the implementation of the new healthcare law either through higher taxes or higher premiums. When all is said and done, full-scale implementation of Obamacare in its present form threatens to generate a degree of taxpayer funding the likes of which America has not seen in decades. Rather than curtailing or reforming the healthcare program until viable alternatives can be identified, the administration promotes the mayhem by digging deeper into the pocketbooks of Americans. Out of all of this madness, the government has at least clearly validated a belief long held by many – private enterprise by far exceeds the government in being able effectively to create and deliver goods and services to consumers.
