It is now universally recognized that Obamacare is failing and only massive intervention by government – on top of the massive intervention represented by Obamacare – can save the program and prevent huge dislocations in the health insurance industry. But it didn't have to be this way.  During the debate over the passage of the Obamacare bill, critics turned out to be soothsayers, as their predictions have almost all come to pass. IBD: Who could have envisioned such problems? Not ObamaCare backers. They were endlessly promising that the law would create vibrant, highly competitive markets that would lower the cost of insurance. Critics, however, were spot on. They said that, despite the individual mandate, ObamaCare wouldn't attract enough young and healthy people to keep premiums down. The Heritage Foundation, for example, said that under ObamaCare, "many under age 35 will opt out of buying insurance altogether, choosing to pay the...(Read Full Post)