Wednesday, June 4, 2014

If you like your plan, tough shit!

Analysts predict most employer-provided insurance will disappear as ObamaCare takes hold

Across the political spectrum, analysts now say that 80 to 90 percent of employer-provided insurance, the mainstay of American health coverage for decades, will disappear as Obamacare takes hold.

The research firm S&P IQ predicts less than 10 percent of those who get insurance at work will still get it there ten years from now.

"The companies will really be hard pressed to justify why they would continue to have to spend the kind of money they spend by offering insurance through corporate plans when there's an alternative that's subsidized by the government" said Michael Thompson, head of S&P IQ.

Read the rest here.

Health care costs in America are too high. What many people do not realize is a major reason for this is all those "socialized" or "single-payer" programs in other countries work because Americans subsidize them through higher prices for drugs and hospitalization. Transferring the burden of an excessive cost around as Obamacare promises does not cure this underlying problem. In fact, it will not even effectively mask it because it will drive deficits even higher.

When the spin doctors try to tell you that this will be good for people and that there will be more choice, they are mistaken -- or simply lying to you. A forced transaction never leads to better prices and more choices. It will always put the customer at a disadvantage and will always cost more. That is in the nature of the monopoly-style controls that exist now and Obamacare promises to perpetuate.

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