The French Social Security is an amazing cushion against risk. You can risk your job and create a business without losing your coverage or you can do it while unemployed because you receive unemployment benefits. No accident or disease can make you bankrupt if you’re on your own. Obama’s Affordable Care and Patient Protection Act (dubbed “Obamacare”) aims precisely at creating such an environment and spurring the economy by removing one of the obstacles to business creation and self-employment. In people’s minds there’s nothing more American than creating a business and yet, before Obamacare, health care was a gigantic obstacle to business creation, especially for the middle-aged or those unlucky to have a “pre-existing condition” like diabetes—and they are numerous: one in three Americans will have diabetes by 2050 if the current trend continues.
What if Facebook hadn’t been started for want of health insurance?