With Obamacare People will quit their Jobs leading to longer Wait Times and the Rationing of Health Care

Posted by PITHOCRATES - November 3rd, 2012

Week in Review

Britain’s National Health Service (NHS) is currently trying to cut about $32.2 billion from their approximate $162 billion budget by 2014.  A 20% cut.  Why?  Because of the cost pressures of an aging population.  More people are retiring from the workforce than entering it.  And these retirees are consuming the lion’s share of health care resources.  So they have fewer and fewer people paying for a growing aging population burdening the NHS.  They have no choice but to find ways to cut costs.  Because the money is just not there.  Not like it once was when they had a population getting younger.  With more people entering the workforce than leaving it.  When people were still having a lot of babies.  To keep that population growing.  Further expanding the tax base.  But those days are gone.  They don’t have the money like they once did.  So they have to cut costs.  Which increases wait times.  And rations health care.

The US is in the same boat.  They, too, have an aging population.  And unable to learn the lesson of the British (national health care doesn’t work when you have an aging population) they went ahead and passed Obamacare.  It’s not yet fully implemented.  But already the CBO is projected bad news (see CBO: Health law to shrink workforce by 800,000 by J. LESTER FEDER and KATE NOCERA posted 10/2/2012 on Politico).

CBO Director Douglas Elmendorf told the House Budget Committee on Thursday that the health care law will reduce employment by 0.5 percent by 2021 because some people will no longer have to work just to afford health insurance.

So on top of an aging population some people will quit their jobs.  Because health care will be free under Obamacare.  Which must mean Obamacare will mutate into a full-blown national health care system.  Even though what they’ve told us thus far is that the key to Obamacare was forcing people to buy health insurance.  That individual mandate.  But if people are going to start quitting their jobs it doesn’t sound like they’re going to buy health insurance.  Which will make things worse.  More people collecting government benefits.  Fewer people paying for those benefits.  This can only mean one thing.  Longer wait times.  And the rationing of health care.  Just like they have in the NHS.

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