MCViewPoint

Opinion from a Libertarian ViewPoint

As the beast of Obamacare is put out of its misery, health care innovations spring up, starting with Amazon, et al

Posted by Martin C. Fox on February 1, 2018

Government out, free market in. It can’t be any worse. Still, not happy JP Morgan is involved. It is a shame most big banks are crooked as a dog’s hind leg.

http://www.americanthinker.com/blog/2018/01/as_the_beast_of_obamacare_is_put_out_of_its_misery_new_innovations_spring_up_starting_with_amazon_et_al.html

The stock market was rattled by news of a bigfoot new entrant in healthcare, slowly coming up the horizon … thud … thud … like Godzilla, stomping everything in its path.

Investor’s Business Daily, in its editorial, noted the that that reaction to the news that Amazon was teaming up with Berkshire Hathaway and JPMorgan Chase was the sign of a disruptive force in the market, writing:

The immediate reaction of the stock market to the news thatAmazon is teaming up with Berkshire Hathaway (BRKB) andJPMorgan Chase (JPM) to form a new health care company suggests that this is a transformative event. It is in one sense.

The editorial makes the point that the new venture, in a free market, may or may not succeed, and must avoid socialist pitfalls. As the editorial page writers there have a strong grasp of market dynamics and the way companies behave, the piece is well worth reading.

For me, (and full disclosure, I used to write for IBD), what’s vivid is the flip side of this. We seem to be in for a healthcare spring.

Suddenly, a new player, with new ideas, and new innovations, is entering the markets.

Did anything like this ever happen under Obamacare? Actually, it would never have been possible with Obamacare. Obamacare stifled innovation, customer service, added value and everything in healthcare, that, out in retail land, made Amazon great. And now the end of the Obamacare mandate opens the door to improvement. In hindsight, the effect is obvious…

Be seeing you

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