Monday, September 20, 2010

Obamacare Update of the Day

I've previously shown that -- by failing to control costs or increase health insurance coverage -- Obamacare is "the worst of all possible worlds." That's because the road not taken -- increasing insurance competition and greater reliance on market forces -- would be much more effective. Probably because they never read the bill, Democrats disagreed.

I also said that such flaws would be apparent to voters, who would punish Democrats on election day. Democrats again disagreed, predicting that Obamacare "would become more popular after it passes, giving those who voted for it time to herald some of the changes." Liberal media pundits said the same.

Such prognostication is testable over time. So, six months after the statute was signed, what's happened?

Well, according to a USA Today/Gallup survey published September 13th, 56 percent of Americans don't like Obamacare, compared to 39 percent who approved (the remaining 5 percent had no opinion). And last week's Politico published an even more telling statistic:
Democratic candidates are spending three times more advertising against the health reform law than they are in support of it.

Since the beginning of Congress’s August recess, Democratic candidates have poured $930,000 into ads deriding the health overhaul but just $300,000 in pro-reform spots, according to Evan Tracey at Kantar Media.

"Go back to 2006, and even before that, and Democrats used health care as their No. 1 issue," Tracey said. "They had a villain in the pharmaceutical industry. Now that they passed this law, it’s almost disarmed them rather than given them an opportunity."
Conclusion: I'd previously thought Obamacare exclusively relied on centralized fiat rather than free markets. I was wrong. Rather, public confidence in the law is the sole market Democrat healthcare reform created.

The market sees Obamcare as the new New Coke. Watch for the product to be pulled from the shelves starting November 2nd. As Charles Kesler says in the Claremont Review of Books, "Either government will yield, or the people will."

(via The Corner)

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