The Affordable Care Act & Bailouts To Favored Insurance Companies
The 2010 ACA bill was written to give the executive agencies massive powers to dictate rules and hand out billions to participating insurance companies. The Liberals who controlled congress in 2010 wrote the bill with the assumption that every state would create their own exchange and tap into the subsidies. The legislation specifically stated that only through these state exchanges could individuals of low income get a consumer subsidy to pay insurance premiums. Oklahoma AG, Scott Pruitt, filed a federal suit and the US Supreme Court narrowly ruled that when the 2013 Republican Congress approved the federal subsidies in their annual budget, it became legal because of the appropriation.
Obama and his political allies were able to establish fascist economic policies while decrying fascism. They did it by demonizing their political opponents and bastardizing the cultural understanding of what fascism is.
When the CEO of Whole Foods decried the ACA as fascism, their largely liberal patrons threw a fit. Eventually Whole Foods apologized for using the new 'f-word'. But the truth remains that when govt. highly regulates and controls corporations, you have a corrupted form of communism. Corporations find a way to use regulation to leverage out their competition. Eventually you have very few corporations in any one market. Then you have a policy of "too big to fail". Then you have tax dollars going to favored corporations as pure welfare payments. Then you have corporations with no incentive to remain efficient in their operations. They hide money and overpay executives. Executives heavily contribute to politicians. Corporations show massive red ink (on paper), and get even more bailouts.
Oklahoma had more than a dozen companies participating in the Federal exchange, in 2014. Just 4 years later, there may only be one (Blue Cross Blue Shield of Oklahoma).
Just as Goldman Sachs squeezed out Lehman Brothers, Oklahoma's big corporate players typically squeeze out the "Mom & Pops" enterprises. Federal money typically goes to the big and well-connected giants. Yet half of all the jobs in the US are created by small business.
Competition is a good thing. It makes for an economic Darwinism doctrine where the survival of the fittest will motivate efficiency and competitiveness. But govt. corporatism does just the opposite. Govt. subsidies suppress competitiveness and promote corruption of both govt. & enterprise.
Italian Fascism vs Marxist Socialism
Opinion of the Editor
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David Van Risseghem is the Director of Sooner Politics.org. The resource is committed to informing & mobilizing conservative Oklahomans for civic reform. This endeavor seeks to utilize the efforts of all cooperative facets of the Conservative movement...