Obama Carefully Crafts Health Care Failure

The End of Health Insurance Companies ... Here's a bold prediction for the new year. By 2020, the American health insurance industry will be extinct. Insurance companies will be replaced by accountable care organizations — groups of doctors, hospitals and other health care providers who come together to provide the full range of medical care for patients ... Accountable care organizations will typically be paid a fixed amount per patient, along with bonuses for achieving quality targets. The organizations will make money by keeping their patients healthy and out of the hospital and by avoiding unnecessary tests, drugs and procedures. Thus, they will actually have a financial incentive to hire that nurse for follow-ups. – New York Times

Dominant Social Theme: The US Fedgov has re-engineered health care in the United States. It is a massively exciting and bold plan, and we can't wait to see how it will end up.

Free-Market Analysis: Ezekiel J. Emanuel and Jeffrey B. Liebman – both of whom have Obama administration ties, apparently – have written a massively economically illiterate article on health care that was recently posted to the New York Times Op-Ed.

The main point of the article is excerpted above and has to do with how the Obama administration has "crafted" accountable care organizations that will have financial incentives to keep people healthy via "prevention" and healthcare monitoring.

This is, of course, a power elite dominant social theme of sorts – that government can create laws and regulations that provide private-market facilities with methodologies to "overcome" market failure.

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