Category Archives: Media Criticism

More “Surprises” In ObamaCare

Gee, it’s like they didn’t pay any attention whatsoever when we warned them:

Like most of the law’s most significant effects on economic incentives, this wasn’t actually done on purpose. It’s a function of the same attitude on display in the Times article: a view of economic actors as drones awaiting instructions rather than reasonable people considering their options. And so of course, the solution is to take away options. The Times’s description of the administration’s thinking is priceless:

The Obama administration is investigating the use of stop-loss insurance by employers with healthier employees, and officials said they were considering regulations to discourage small and midsize employers from using such arrangements to circumvent the new health care law. “This practice, if widespread, could worsen the risk pool and increase premiums in the fully insured small group market,” the administration said in a notice in the Federal Register.

How exactly the existence of a design flaw in the law somehow empowers the administration to fix it by “discouraging” self-insurance through regulation is so quaint and naïve a question as to not even merit mention—a vestige of our barbarous past.

Marxism is ever thus. We will build the New Soviet Man.

A Degree In Fine Arts

Pro tip: Don’t borrow money to get one:

Among the 4,000 colleges and universities in the federal database, the Creative Center in Omaha, Neb., a for-profit school that offers a three-year bachelor’s in fine arts, had the highest average debt load, at $52,035. Median pay for graduates of the school with five or fewer years’ experience is $31,400, according to PayScale.com.

“Salaries can be pretty darn high or pretty low” for the school’s graduates, who typically get jobs in graphic arts or advertising, said Creative Center President Ray Dotzler.

You don’t say. Of course, if they could figure that out, they’d have probably majored in economics or business. Interestingly, the majors with the best prospects for paying off debt seem to borrow the least, and vice versa.