December 21, 2013

After Obamacare, ObamaHaus Insurance?

By Lee Cary
With the mounting successes of ObamaCare, it's time to anticipate the next federal frontier of statist intervention. The home insurance market - ObamaHaus Insurance. The "Haus" in ObamaHaus Insurance is a hat tip to the father of the modern welfare state, Prince Otto Eduard Leopold von Bismarck (1815-1898), Duke of Lauenburg.  Otto was Prime Minister of Prussia (1862-1890), and the first Chancellor of Germany (1871-1890). The official U.S. Social Security Administration (SSA) website devotes a full page to Bismarck, pictured with his Pickelhaube (spiked helmet) and walrus moustache. The copy reads, in part: "Germany became the first nation in the world to adopt an old-age social insurance program in 1889, designed by Germany's Chancellor, Otto von Bismarck. The idea was first put forward, at Bismarck's behest, in 1881 by Germany's Emperor, William the First, in a ground-breaking letter to the German Parliament. William wrote: ". . .those who are disabled from work by age...(Read Full Article)