“Missouri voters on Tuesday overwhelmingly rejected a federal mandate to purchase health insurance, rebuking President Barack Obama’s administration and giving Republicans their first political victory in a national campaign to overturn the controversial health care law passed by Congress in March,” reports the St. Louis Post-Dispatch.
By now most Americans are familiar with the broad outline of ObamaCare: Everyone is required by law to purchase health insurance, with a tax penalty assessed upon those who fail to comply. Insurers may not refuse to cover those with pre-existing conditions nor charge them higher rates. The federal government is expanding its role in providing health insurance. And did I mention that all of this is supposedly going to reduce both healthcare costs and the federal deficit?
The growing movement for state nullification of ObamaCare may get another boost on August 3. Missouri’s primary election, to be held on Tuesday, August 3, includes a ballot question asking voters if state law should be amended to “deny the government authority to penalize citizens for refusing to purchase private insurance or infringe upon the right to offer or accept direct payment for lawful health care services.”
The unintended consequences of ObamaCare continue to pile up. The latest is that some insurance companies are now refusing to write new policies that cover children as individuals, reports the Associated Press.
On July 19 The New American reported that under ObamaCare the federal government has begun funding abortions through state high-risk insurance pools. Pennsylvania and Maryland have both received approval from the federal Department of Health and Human Services for their state plans and will receive federal funding, and both states’ plans seem to include abortion coverage. This story was based in large part on reports from CNSNews.com and press releases from the National Right to Life Committee.
The 2009 economic stimulus package has largely been a bust. However, one sector of the economy that should be seeing robust growth is the medical software industry because the stimulus law requires all Americans’ medical records to be stored electronically and made available in that form to all healthcare providers and, in some instances, to the federal government — all by 2014.
So much for President Obama’s executive order banning federal funding of abortions under ObamaCare. Two states, Pennsylvania and Maryland, have now accepted federal funds for high-risk insurance pools, and both offer significant abortion coverage.
Every First Lady, it seems, has to have a cause. Lady Bird Johnson had her beautification program. Nancy Reagan had “Just Say No” to drugs. Michelle Obama’s cause of choice (or perhaps of focus groups) is childhood obesity.
Pharmaceutical manufacturer SmithKline Beecham, now GlaxoSmithKline, found in a 1999 study that its diabetes medicine, Avandia, posed serious heart attack risks — then buried the study for the next 11 years, according to the New York Times, which recently obtained documents related to the study and the cover-up.
Economist Robert Higgs wrote a paper in 1997 arguing that “regime uncertainty” — “a pervasive uncertainty among investors about the security of their property rights in their capital and its prospective returns” owing to the constant barrage of regulation emanating from the Franklin Roosevelt administration and its bureaucracies — was a significant contributor to prolonging the Great Depression. Investors were skittish about putting their money to work when they didn’t know what new, destructive government policies the next day might bring, so they just sat on all that capital. Without capital investment, the economy ground to a halt.