Tag: insurance

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free trade & free markets international affairs property rights

Idaho Foils Foul Harvest

China, organ harvesting, insurance

One can be for free trade yet still demand, while sticking to principle, certain restrictions on international trade.

The State of Idaho has demonstrated one sort of restriction compatible with a free society’s free-​trade rules. “As of July 1, it will be illegal in Idaho for health insurers to cover an organ transplant or post-​transplant care performed in China or any country known to have participated in forced organ harvesting,” explains Frank Fang in The Epoch Times (No. 508, A5). The legislation had been passed unanimously in both legislative houses earlier in the month and was signed by the governor on April 10.

Idaho wasn’t the first state to do this, following Texas last year and Utah this year, with its law going into effect on May 1.

The problem to be addressed? The suspiciously short waiting time for organ transplants in China, especially after the Chinese government cracked down on the Falun Gong decades ago. 

“In 2019, the independent China Tribunal in London concluded that the CCP had been forcibly harvesting organs from prisoners of conscience for years ‘on a substantial scale,’ with Falun Gong practitioners being the ‘principal source’ of human organs,” according to Mr. Fang.

This is not protectionism. And it really isn’t any unwarranted regulation on trade. For even in the freest of societies, with 100 percent free trade and freedom of contract, the sale and purchase of stolen goods is unlawful.

Rightly prohibited.

If anything has been taken away unjustly, it’s the internal organs of political prisoners by the Chinazis.

This is Common Sense. I’m Paul Jacob.

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free trade & free markets general freedom moral hazard nannyism national politics & policies

Best Plan Is No Plan

Obamacare, ACA, Healthcare, reform, replace, policy, insurance

“Republicans would create chaos in the health care system because they are stuck,” Senate Minority Leader Chuck Schumer says, “between a rock and a cliché.”

Oh. Off by a word or two. But I don’t need to fix it.

What needs to be fixed is the whole system. “Head clown”* Schumer gloats that it cannot be done. The “delicate balance” that is the Affordable Care Act makes it impregnable. For all Republicans’ talk of repeal, “for five years now they’ve had nothing to put in its place.”

Schumer sees the trap. He set it when he and his comrades voted Obamacare in without reading it. Any new program with any new constituency always presents a set of … political hurdles … that quickly become “impossible” to jump.

The President-​elect, he notes, has supported three of the “most popular” regulations in Obamacare: “pre-​existing conditions,” “26-​year-​olds on parents’ plans,” and sex equality re: insurance rates.

What Schumer fails to mention is that these are three huge drivers of spiraling insurance prices. The Affordable Care Act “delicately balances” medical markets by shifting who pays for what, hoping that the biggest losers† don’t complain too much and the obvious winners never cease protesting‡ any change.

The truth? Obamacare can be repealed. But replacing it would be a disaster. The best plan is no plan. Repeal all the regulations. The federal government should completely deregulate the markets, and prevent states from ruining interstate markets in insurance and health care.

Do what the Commerce clause was designed to do.

Schumer is counting on Republicans to do nothing. Despite signs they’re cooking up something.

This is Common Sense. I’m Paul Jacob.

 

*What Trump called Schumer. And in the same tweet dubbed Obamacare “a lie.” Truer words never spoken?

† Obamacare presents a huge burden on the self-​employed, self-​insured, and on the previously insured, since it is these people who most obviously pay for all the newly insureds. Of course, in the end, everybody pays … from increasing prices and decreasing rates of progress.

‡ At least they are the focus of advocacy groups. The poor neatly serve as innocent shields of the spoliators.

N. B. Adapted from this weekend’s Townhall column.

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Obamacare, ACA, Healthcare, reform, replace, policy, insurance

 

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free trade & free markets national politics & policies too much government

A Fraudulent Pill to Swallow

If you’re like me, you often rub up against common opinion and find little sense in it — or, as I like to put it, popular opinion with the common sense bled out of it.

On Monday I reported on an anti-​Obamacare lawsuit against the federal government for mandating the purchase of medical insurance that included “free” contraceptive drugs (including “morning after pills”). I took on the obvious problems, but neglected to mention that it’s not insurance.

I guess you can call turnips “rainbows” and politicians “angels,” but, based on accepted meanings of terms, it is not “insurance” when benefits include regular maintenance or common preventive (“prophylactic”) products.

One doesn’t insure against dandruff by buying a policy that provides you with “free” shampoo or against sunburn by purchasing a policy that offers free SPF50 sunscreen. One doesn’t insure against obesity with insurance that provides “free” healthy foods according to This Diet or That Diet.

For instance, it would be absurd to have an insurance policy to pay for one’s vitamins.

In a sense, the vitamins are the insurance. Think of them as a separate, medicinal form of insurance, which you pay for at purchase.

Same for contraception.

One buys insurance for unexpected and irregular needs. Calling Obamacare’s “contraception benefit” mandate “insurance” is a fib.

Much of what we think of as insurance actually amounts to confused (and confusing) methods of savings (at best) or a confidence game to get some people to pay for the regular goods and services other folks use (at worst). By force and fraud.

The force is the government mandate. The fraud is calling this whole program “insurance.”

This is Common Sense. I’m Paul Jacob.

Categories
First Amendment rights ideological culture national politics & policies

Contra Mandated Contraception Coverage

Regulators spawned by “Obamacare” have mandated that employer-​provided medical insurance plans provide contraception as a benefit. 

The problem, as currently reported and debated, is that only churches are exempted — church-​run or ‑affiliated hospitals, for example, are not. And so Catholic hospitals, along with other religious-​based charitable endeavors, must conform, despite their commitment to age-​old ideas about the sanctity of life, which they say contraception and abortifacients, especially (some contraceptive methods are de facto abortion-​inducing), abridge.

Many conservatives argue that the mandate thus runs afoul of the First Amendment. But it turns out that many Republican politicians have supported similar mandates in several states.

Mike Huckabee signed one such mandate into law in Arkansas.

No big news that GOP politicians are often just as bad as Democrats, of course. But forget, if you can, the First Amendment angle. The mandate runs afoul of something even more fundamental: common sense.

Adding an umpteenth mandate to the list of regulations government places on contracts amongst employers, employees, and insurance companies hardly passes the smell test. The more benefits that government insists you contract for, the higher your insurance rates. The higher the rates, fewer are those who would willingly buy, thus scuttling the whole point of “health care reform.”

We ostensibly want more people to purchase major medical insurance. Not fewer.

It’s possible that some reformers seek precisely that, to put insurance companies out of business, leaving only government to take up the slack, as a “single payer.”

In the case of Republican reformers, however, is there a hidden agenda or just mere foolishness?

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets national politics & policies too much government

America’s Dirty Nuclear Secret

Before Cherynobl, we could sort of dismiss nuclear power’s danger. Afterwards, we could still say “Well, that’s the Soviets, for you.”

Now, with the ongoing Fukushima Dai-​ichi disaster, the extent of what can go wrong is becoming horrifically clear, especially now that it looks like merely gaining control of the worst-​off reactor could take months, not days. 

It rightly makes us worry about the whole industry.

It’s a pity, too, because nuclear power concentrates its costs (spent fuel in containers) while providing enormous marketable benefits. Burning coal, on the other hand, disperses its “costs” in the form of pollution. Nuclear power would seem to be a perfect market solution.

But a “meltdown” — or just losing control of a fission process — concentrates harms in a manner hard to ignore or justify.

We hear that new nuclear tech is in development, and might become quite safe. But the promised extra-​safe variety is not yet online anywhere, yet. 

Why?

Could it be because government protects the currently unsafe technology? America’s nuclear power is protected from the rigors of risk as assessed by the cold, calculating insurance industry under 1957’s Price-​Anderson Nuclear Industries Indemnity Act, which shifts risk from investors to taxpayers in case of catastrophe.

Perhaps if that were repealed, better nuclear tech would emerge faster.

As it is, our old nuclear tech awaits a rare convergence of disastrous factors, like a major earthquake plus human error, or terrorism plus x.

This is Common Sense. I’m Paul Jacob.

Categories
free trade & free markets national politics & policies too much government

Life, the Universe, and Everything

The answer is 42.

The question? Not Douglas Adams’s Ultimate Question concerning “life, the universe, and everything.” Instead, it’s the answer to the question, “How many mandates does the State of Oregon place on the medical insurance packages Oregonians are allowed to buy?”

Forty-​two.

The number is far too large — and yet the number will likely increase this year, courtesy of the state legislature, despite the fact that the current mandates raise the cost of medical insurance for Oregonians.

Steve Buckstein, speaking before the state’s House Committee on Health Care, for-​instanced Iowa, which sports 16 fewer mandates. The state has lower percentages of uninsured folks and lower premiums than in states with higher numbers of required services. 

Buckstein, a policy analyst for Cascade Policy Institute, was arguing for HB 2977, which would allow Oregonians to purchase medical insurance from other states. This would add competition to the current highly over-​regulated market.

Buckstein shouldn’t have to do this. The purpose of the federal union was to create a vast free trade zone. Misguided state mandates such as the ones he’s fighting rest upon prohibiting state citizens from buying outside the state, which runs up against the grain of the Constitution. For too long Congress has exempted the medical insurance industry from the correct application of the Commerce Clause, leading to a crippled industry and opening the way for disastrously unworkable ideas like, well, “Obamacare.”

This is Common Sense. I’m Paul Jacob.