Sometime in the next couple of weeks, we will see what the Supreme Court is going to do about ObamaCare, or BarryCare as I call it, because it is a more euphonious moniker. I have no crystal ball, so I do not know what the Court’s decision will be. The predictions market InTrade, however, has a very definite opinion. The share price for the individual mandate being overturned spiked after that Vermicelli dude or whatever his name is ended up looking like an incompetent boob during the oral arguments in March. The price continues to climb as the rendering of the decision gets closer, and the prediction for overturning the mandate has been as high as 72.3%.
I don’t like the individual mandate on philosophical grounds. I also don’t like it because it pees in my Wheaties in terms of how I procure my health care. I choose to carry a “Hail Mary” policy in case I accidentally lop my leg off with a chainsaw and might like it reattached. I pay for the routine stuff out of pocket, mostly because my physician doesn’t accept insurance. A rather large portion of what he does isn’t covered by insurance, so he chooses not to go through the paperwork hassles. read more »