Thoughts, essays, and writings on Liberty. Written by the heirs of Patrick Henry.

“I am favor of cutting taxes under any circumstances and for any excuse, for any reason, whenever it's possible.”     Milton Friedman

June 28, 2012

Individual Mandate Upheld as Tax

by Quincy

The Supreme Court has upheld the individual mandate as valid under the Congress’ taxing power in the Constitution. Disappointing, but not surprising.

The worst thing about it is that the individual mandate is really a one-shot delaying tactic. The law can only mandate people into the insurance market once. When health care spending continues to rise after the mandate, insurance premiums are going to have to rise along with it. So, really, the Supreme Court has upheld Congress’ ability to use its taxing power as a punitive measure in the service of a cheap trick.

Two predictions:

1. Health care premiums initially hold flat in 2014 as insurers get more customers via the mandate, then start rising faster than they were before.
2. Congress finds more ways to exercise its taxing power as punishment for non-compliance.

Folks, it’s going to get fun.

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2 Comments

  1. [...] Quincy notes below, the Supreme Court upheld the Constitutionality of the Affordable Care Act today by [...]

    Pingback by The Liberty Papers »Blog Archive » Supreme Court Upholds Affordable Care Act — June 28, 2012 @ 7:58 am
  2. The biggest thing I see driving up insurance rates will be a combination of K Street special interests and the insurance companies themselves. Every special interest will want their medical malady to be required to be covered. The insurance industry will be happy to do so in exchange for higher premiums or more subsidies.

    Comment by tkc — June 28, 2012 @ 9:26 am

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