Wednesday, April 20, 2016

Obamacare will eventually collapse

It's difficult enough to run a con when henchmen of the con job go around bragging about how stupid the Mark and the Patsy are.  But when a major player in running the con decides that it is not worth the risk then it won't be long before the con collapses.

And so today we see that United Health is essentially abandoning the Obamacare government sponsored charity health care markets: "The state-based exchanges are a key element behind the Affordable Care Act's push to expand insurance coverage. But insurers have struggled with higher than expected claims from that business.".

What United Health finally figured out that it wasn't running the con but rather one of the patsies.  Obama took Big Health aside and promised to make everyone take on health insurance by law if only they would agree to set fees for all participants.  After the agreement was done, Obama then made it very low cost for the poor to use the system (a bribe for their votes).  The only problem is that when poor people see free food on the table, they don't just assume it will be there tomorrow.  So they eat until their bellies are full and then they open up their backpacks and start shoveling food down into it.

Healthcare is no different.  Many hadn't seen a doctor in years and were in poor health.  So they flooded the system with their little selves after getting discounted access via government subsidy.  They used the system so much that companies like United Health lost money on the deal and if there is anything a corporation does not like it is a situation where they cannot win.

So as the big players leave there will be less and less healthcare available to Obamacare wards of the state and at some point it just won't even be worth collecting the free healthcare voucher from Uncle Sam anymore because there won't be anyone left who will accept it in payment for their services.  This is how all fiat currencies eventually die.

Bye Bye Obama Legacy.  I hope you choke on it Obama.

1 comment:

Augustine said...

In short, Obamacare is going the way of Medicare.

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