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By Gene Quinn – Those who argue against a patent system and say that patents inhibit innovation are intellectually bankrupt; willing to say anything no matter how wrong to achieve what they predetermined to be the preferred outcome. There is no talking to the anti-patent community because they simply ignore facts and reality. They prefer to wrap themselves around academic thought experiments rather than real, verifiable truths. They ignore the undeniable facts that when a country adopts a patent system economic progress follows.
The truth is a patent is an asset like any other business asset. Some will be quite valuable and some will be marginally valuable and many will be worth little or nothing. What matters is the quality of the patent and the breadth of the claims. What you want is a broad set of claims that offers wide coverage, but not so wide that the claims are likely easily defeated. more> http://tinyurl.com/c5kykvw
By Sheehan Phinney Bass – Justice Roberts held that Congress has the authority under its constitutional taxing power to impose a fine on those who do not buy health insurance. Thus, Congress cannot regulate the inactivity of not buying health insurance, but Congress may tax that inactivity.
Business owners should have at least a basic understanding of the key provisions of the law, particularly those provisions that are already in effect and those that will go into effect in 2013 and 2014. Following is a summary of key provisions of PPACA that should be of interest to every business owner. more> http://tinyurl.com/brchx7n
Rube Goldberg devices.
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By John H. Cochrane – The legal distinctions among a mandate, a tax, a penalty, or a credit, and between federal and state powers, are important legally and constitutionally. But they are irrelevant in economic terms for this law.
Let’s stop playing lawyer and get back to economics and policy.
Opponents: Return to articulating the disastrous economic and health-care effects of this law. And articulate better ways to solve the mess.
Supporters: Try to make this Rube Goldberg contraption work. Good luck. more> http://tinyurl.com/7cewe5d
By Michael Strain – The fine for not buying health insurance under ObamaCare is quite small — the greater of $695 per year or roughly 2.5 percent of income for a single person. Put more simply, the fine is much less than the cost of an insurance policy for the overwhelming majority of Americans. But many of the law’s supporters have been very optimistic that a large number of the currently uninsured will comply with the mandate and purchase insurance.
Given the small penalties, will people comply with the individual mandate?
The Supreme Court explicitly states (pdf) that noncompliance with the mandate is lawful. This changes the psychology completely. People’s desire to obey the law will allow them to choose the cheaper option and pay the tax. more> http://tinyurl.com/87l2n6u
Posted in Business, Economy, Healthcare
Tagged Government, Health, Health insurance, Individual mandate, Law, Patient Protection and Affordable Care Act, Tax, United States, United States Supreme Court