I swore this morning that I was done participating in these passionate but ultimately meaningless arguments. But...
Obamacare will kill the economy. Rates will continue to go up, for those paying, and by not choosing to collect taxes from those not participating (that selective enforcement of the law thang, I addressed just yesterday), the money for all the subsidies has to come from somewhere. Out of peoples, make that working peoples and tax paying peoples, pockets.
It to me is hilarious to hear the talking heads tell me how many people love Obama care. Of course it is the hand out, entitlement crowd that is now getting free insurance or at least massively subsidized insurance.
Maybe I run with an elitest crowd, well, I probably do, but no one i know personally has seen rates lowered, ALL are up a lot, and climbing, and not one of my friends has used the mandatory maternity benefits, that of course are paid for by all. Even TRICARE has gone up, and on a percentage basis, enormously!
I am 100% for government provided healthcare, but 100% against government mandated and subsidized insurance.
The latter is intellectual bull shit of the third degree, but the great, ignorant masses, with their hands out and their ballot in hand, don't know or care about the difference. Like my health care expert and genius, and multi-millionaire and great friend points out. Health costs are like a ballon. If you squeeze it here, it bulges there. The squeeze here is forcing people who we know are sick into an insurance pool. This alone is contrary to all principals of insurance, so cost skyrocket and the bulge is the greater bite whether through additional taxes or premiums, they are really the same thing at this point.
Obamacare = wealth transfer, but not from the wealthy.
For those that care, a model of this has occurred already with the results as expected.
At one point there were very high deductible, catastrophic plans. They only paid after the insured had paid a lot of money, but they did not cost squat, since the risk to the insurer was minimal.
Over time, people with known health conditions migrated to the catastrophic plans. with the influx of sick people, the insurance companies were paying more and more, much more than had been predicted by the actuaries.
What happened? Premiums were raised and paid by everyone in the plans. The folks that chose the high deductible, catastrophic plans for real insurance, mitigating against unexpected but possible risk, were soon paying ultra high premiums, too.
They left, and so only the very sick were in the pool, the plans collapsed. What will happen with Obamacare is that the plans will not collapse, but rates will go up and up and up and up.
You Louisiana boys may be able to relate from a homeowners insurance perspective. Say all homeowners have a single mandated policy, not a policy, plus flood, plus wind and hail, if needed. With Obamacare, the fools living below sea level by the shakiest dikes have to now be covered. You can be assured premiums are going up for every one, since the risk presented by these homeowners, based on their perilous locations, is enormous. Yeah, that will work. Think about that.
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