The Obamacare Architects are either Devious or Ignorant

Posted by PITHOCRATES - July 14th, 2012

Week in Review

Now that the Supreme Court upheld Obamacare our health care will be everything we ever hoped it to be.  It will give us everything we want.  And it will be inexpensive.  Granted nothing else in the world works like this.  Where customers get more by paying less.  And no national health care system has ever been everything the planners said it would be.  Unless the architects of these plans said they were going to introduce high taxes, long wait times and rationing of health care services.  Which I kind of doubt.  Because people typically want the opposite of these things.  Yet this time it will be different.  The Americans will be able to provide that ever elusive health care utopia.  Why?  I can only think of two possible reasons (see Repealing the Affordable Care Act Will Soon Be Considered Absurd by Ron Pollack posted 7/10/2012 on U.S. News and World Report).

Under the law, it will be illegal for insurers to discriminate against women by charging higher premiums simply because of their gender. Nobody—male or female—will be denied coverage or charged higher premiums because of a pre-existing condition, like asthma or diabetes. No one will live in fear of their insurance being canceled. People will no longer be subject to arbitrary lifetime or annual caps in what insurers pay out, thereby denying coverage when it is needed the most.

The act also comes with much-needed direct help for middle class families. They will receive substantial subsidies to make health insurance premiums affordable. Seniors will no longer fall into the huge prescription drug coverage gap in Medicare euphemistically-named the “doughnut hole.” Comprehensive preventive care will be available at no cost for women, including mammograms and contraception.

So in other words insurers can no longer recover their costs.  They have to provide more benefits while at the same time charging less in premiums.  Sort of like forcing McDonald’s to replace the Big Mac combo meal with steak and lobster.  While at the same time forcing them to lower the price for that combo meal.  There’s a name for an economic formula like that.  Failure.

This cannot work.  Unless your goal is to put the private health insurers out of business.  If that is the goal than, yes, Obamacare will work very well.  For no business ever remained in business by selling their product or service for less than their costs.  That’s just not how business works.  So it is clear that they designed Obamacare to put the private health insurers out of business.  Unless those who wrote Obamacare into law are just very ignorant about things economic.

So there it is.  Take your pick.  Devious.  Or ignorant.  This is our government.  Whichever it is it doesn’t make a difference for the American people.  For unlike what the president promised us we won’t be able to keep our health insurance if we like it.  Because Obamacare will put all of the private health insurance businesses out of business.  By forcing them to sell their policies below their costs.  Guaranteeing that they will all fail.  And giving us high taxes, long wait times and a rationing of health care services.  Just like everybody else that tried national health care.

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