It was specifically designed to increase the profits of large insurers and drugs companies by the Heritage Foundation.
It does this by reducing the competition in the marketplace.
Each State is becoming a de facto monopolistic Health Insurance cartel.
The insurers are and will take advantage of their monopolistic positions to hike their prices and profit margins.
There are a great many things that could be done to make Healthcare provision in America much cheaper.
Healthcare already costs double in America per capita, compared to every other developed country.
Obamacare is set to make this dire situation even worse.
The Federal government is still protecting the profits of the large drug companies through a series of protectionist laws on specific drugs.
Congress is forever passing another law to protect another drug.
Prescription drugs cost at least double in the U.S. than they do elsewhere.
Half the drugs companies are foreign owned.
How does protecting foreign companies help America?
Just some of the ways that Healthcare provision could be dramatically improved are included at the bottom of this.
http://ian56.blogspot.com/2013/11/the-dems-on-huffy-post-are-incredibly.html
America will pay the price for making the least efficient system of Healthcare provision even less efficient.
And Obama knows it.
The effects of Obamacare will really only be felt when the business roll out begins.
Only 5% of people are affected by the private plan roll out.
Ten times as many people will be adversely affected when the business plans start rolling out.
Obama has just delayed the start of the business roll out by an additional month until after the mid-term elections in 2014. See this.
He knows that 3 weeks of non-stop reporting of the business plan roll out problems, premium/deductible hikes and the number of people losing employee coverage, would be absolutely devastating for the Democrat vote.
Most of the expected $400bn annual increase in Healthcare spending as a result of Obamacare will be paid for by middle earners - those earning between $40,000 and $100,000 a year.
(The subsidy limit is currently $45,000.)
Someone who earns $50,000 will pay as much as someone earning $250,000+, but relatively few people earn over $100,000.
Someone earning over $100,000 will probably get subsidized employee Healthcare coverage, the increased costs of which the company will pass on to it's customers - mostly the middle class.
Some of the extra $400bn cost will be paid for by the working young.
Those earning above around $27,000.
The way that Obamacare is set up, young are expected to subsidize the healthcare costs of older people.
The young (with decent jobs) are already struggling with massive student loan debts.
There will be all sorts of negative indirect impacts of this policy.
These people will start fewer businesses, marry later and have fewer children because they simply cannot afford it.
These people are America's future, they and America, just got screwed big time by Obamacare.
Around $100bn a year of the government subsidies will be paid for by the rich.
There is an increase of 3.8% on the tax on investment income.
There are another well over $100bn a year of 19 other stealth taxes.
These will mostly be paid for by the middle class and middle class seniors.
Details of the Obamacare stealth taxes.
http://www.fireandreamitchell.com/2012/06/29/full-list-of-new-obamacare-tax-hikes-20-in-total/
Obamacare myths, facts and unknowns - cost $3.5tn+, 800,000 fewer jobs, lower GDP and higher unemployment (over the next 10 years)
http://ian56.blogspot.com/2013/10/obamacare-myths-facts-and-unknowns-cost.html
Friday, 22 November 2013
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