The Foundation

"In the first place, it is to be remembered, that the general government is not to be charged with the whole power of making and administering laws: its jurisdiction is limited to certain enumerated objects, which concern all the members of the republic, but which are not to be attained by the separate provisions of any." --James Madison

2011-07-01-digest

Editorial Exegesis

"[T]he Patient Protection and Affordable Care Act is no more popular now than when it was passed, as Americans have come to realize that it will neither protect patients nor provide for affordable care. While full repeal of the law is not within the realm of short-term political reality ... repeal should nonetheless remain the end goal, either one piece at a time for now or root and branch. The price tag for Obamacare has gone from shocking to preposterous. In March 2010, the Congressional Budget Office estimated the ten-year cost of the law at $898 billion; by February 2013, that number had climbed to $1.6 trillion, and it is likely that further revisions will be in the upward direction. ... As mind-boggling as its price tag is, expense is not the main reason to repeal Obamacare. What is not sufficiently understood is that Obamacare does not reform or regulate health insurance: It effectively abolishes health insurance. ... In short, the system created by this ill-advised law would prevent the emergence of normally functioning markets in medical services and health insurance. Instead, it establishes a top-down system of price controls and subsidies that will discourage healthy people from buying insurance in the first place, reward those who exploit the system's defects, and discourage doctors and other health-care providers from extending their care to those who most need it. ... Republicans made a critical error during the debate over Obamacare when they left the impression that they approved of the U.S. health-care system. In truth, that system was deeply defective before Obamacare was passed.... With a functioning market in place, offering assistance through tax benefits or direct subsidies becomes a much simpler set of challenges, as does enacting targeted, narrow regulation to curb the abusive practices toward which the health-insurance industry is occasionally inclined. ... Republicans can and should begin taking it apart and building something better on the ruins." --National Review