The Law of Nothing But Unintended Consequences
I know we just did an ObamaCare fail of the day, but the fails are racking up faster and faster, now that the law is coming into full effect. So let's have another:
Hospitals, a reliable source of employment growth in the recession and its aftermath, are starting to cut thousands of jobs amid falling insurance payments and inpatient visits.
The payroll cuts are surprising because the Affordable Care Act (ACA), whose implementation took a big step forward this month, is eventually expected to provide health coverage to as many as 30 million additional Americans.
"While the rest of the U.S. economy is stabilizing or improving, health care is entering into a recession," says John Howser, assistant vice chancellor of Vanderbilt University Medical Center.
Huh. A big government program is creating shortages and unemployment instead of bounty and wealth? And this is "surprising" to someone smart enough to act as an assistant vice chancellor of Vanderbilt University Medical Center?
What are they teaching in the universities these days?
Oh. Right. Marxism.