Obamacare is No Prescription for Income Inequality

When President Barack Obama passed the Affordable Care Act in 2010 without a single Republican vote, it seemed to many as though the Democratic Party was embarking on a tyranny-of-the-majority of sorts. With procedural maneuvers in place to annul Republican efforts at blocking its passage, the bill—termed ‘Obamacare’ by many on the right—became law, finally fulfilling the decades-old liberal dream of healthcare reform. Immediately after the bill was signed, David Leonhardt wrote in the New York Times as one of the first to declare that the new law was “the federal…