After President Obama’s announcement that the White House plans to invest in entrepreneurs in the United States and abroad, what should we expect? While champions of limited government are in favor of entrepreneurship, do we really want the federal government to decide which companies to invest in? The White House effort, The "Spark Global Entrepreneurship coalition", plans to raise $1 billion in private funding for entrepreneurs in the United States and abroad by 2017. At face value, this may seem like a fine idea – but this is actually very bad news.
Anyone who tries to tell you that the market was the reason why nearly 15% of Americans were uninsured in 2008 is misleading you. The notion that a lack of regulations caused this disparity in coverage relies on the assumption that health insurance was a free market industry prior to the passing of the Affordable Care Act, which is simply not true. Here, I will explain just a few of the state-level health care regulations that led to 14.8% of Americans being uninsured just before the Affordable Care Act was passed.
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