Mitchell’s laws: Reduced money growth never stimulates economic growth. To survive long term, a monetarily non-sovereign government must have a positive balance of payments. Economic austerity causes civil disorder. Those, who do not understand the differences between Monetary Sovereignty and monetary non-sovereignty, do not understand economics.
This Washington Post article, and the numerous articles like it, has me puzzled. Perhaps you have the answer. If so, please enlighten me.
Decision on health-care law means Supreme Court will likely determine constitutionality next summer
By Robert Barnes
The constitutionality of the 2010 health-care law will likely be determined by the Supreme Court this term, meaning the decision could come next summer in the thick of the 2012 presidential campaign.
The Justice Department said Monday evening that it had decided not to ask the full U.S. Court of Appeals for the 11th Circuit in Atlanta to take up the case. A three-member panel of the court last month decided 2-1 that Congress overstepped its authority in passing the Affordable Care Act, which requires virtually all Americans to obtain health insurance.
Now, this is Obama’s signature bill, the single most important piece of legislation he has passed during his term. And it is being held in doubt by the requirement that all Americans buy health insurance.
I understand the adverse selection reason why they want everyone to buy the insurance now. They don’t want people waiting until they are sick, which would increase the net cost.
Tell me where I’m wrong, but wouldn’t the entire problem be solved if it were handled like Medicare Part D? No one is required to buy Part D, but if you delay past your eligibility date, you must pay more for coverage. This also is similar to Medicare Supplemental insurance. No one is required to buy that, either. But again, if you delay, the coverage will cost you more.
Someone please tell me why the same system would not work for the health care plan. That is, don’t require people to buy health care insurance, but if they don’t buy it now, it will cost them lots more later. If I’m missing something obvious, I may give myself a dunce cap.
It could be modified so that lower income people would receive premium assistance from the government. And, of course, my suggestion is for the federal government simply to provide free Medicare for all Americans, but that would make Congress insane. It’s too sensible.
Anyway, what is your opinion?
Rodger Malcolm Mitchell
No nation can tax itself into prosperity, nor grow without money growth. Monetary Sovereignty: Cutting federal deficits to grow the economy is like applying leeches to cure anemia. The key equation in economics: Federal Deficits – Net Imports = Net Private Savings