Healthcare Legislation is Unconstitutional
So argues Richard Epstein, who makes the compelling argument that the legislation is a de facto take over of the health care industry, and as such will result in the elimination of private health care insurance companies. Since the constitution mandates that private parties must be compensated when state action takes their ‘property’ this legislation is unconstitutional since it fails to compensate insurance companies for destroying their business.
Regardless of the argument, the piece is a must read because he read through the bill and does an excellent job of translating the legalese into something that can be more easily read.
It should go without saying that healthcare bill is truly a craptastic piece of legislation. I would be curious to see which of my readers who voted for Barack Obama support this healthcare legislation.