RR & MA
Free Health Care is basic under Socialism.
House Socialist
-----Original Message-----
From: Ron Ristad <ristad@xxxxxxxxxxx>
To: sparkscoffee <sparkscoffee@xxxxxxxxxxxxx>
Sent: Wed, Sep 7, 2016 10:32 am
Subject: [sparkscoffee] Obamacare collapsing by its own weight
by Martin Armstrong
The theory behind Obamacare was to force the youth to buy health insurance and
since they rarely need it as a group, they would be paying-in more than they
received. Thus, the idea would be Obamacare would exploit the youth to pay for
those who could not afford healthcare because of preconditions. The theory
failed because the youth did not buy the insurance.
For tax year 2015, the penalty for not buying healthcare was 2% of your total
household adjusted gross income, or $325 per adult and $162.50 per child, to a
maximum of $975.
For tax year 2016, the penalty jumped to 2.5% of your total household adjusted
gross income, or $695 per adult and $347.50 per child, to a maximum of $2,085.
The penalties are still less than insurance, which is often charged at $300 per
month+. Even at $695, this is less than $58 per month, which is impossible to
find health insurance that cheap. Because the scheme has utterly failed,
insurers are abandoning Obamacare. There was not a significant enrollment among
the youth they could charge premiums to with no expense so they really saw more
money go out than in. The Kaiser Family Foundation issued a study on Obamacare,
which reveal it is collapsing by its own weight. They noted: “the number of
counties with a single marketplace insurer is likely to increase, from 225 (7%
of counties) in 2016 to 974 (31% of counties) in 2017.”
Indeed, United Healthcare left most of the 34 state markets and Aetna is
following. The Guardian reported that Obamacare is nearing collapse. The entire
structure was based upon the same scheme as Social Security that has been
predicated upon exploiting one generation for the next. But with rising
unemployment among the youth, and more than 30% of the youth remain living with
their parents into their thirties now combined with the collapse in birth
rates, this entire scheme is just a scheme that is unsustainable.
Come 2017, we are likely to see Obamacare also collapse. Of course, if Hillary
is in, that means higher taxes to try to keep it afloat since the Democrats
will never admit a mistake of this magnitude. The only way to deal with the
healthcare crisis is to STOP subsidizing healthcare. If the government simply
passed a law that hospitals will receive a flat fee per type of care and
prohibit charging anything more to the individual, then we will see some
competition for the first time. Hospitals have been trying to put private
practices out of business as well. The entire scheme has been to run healthcare
as a giant corporate entity eliminating choice and with not restraint on fees.
The healthcare business has been the ONLY industry, aside from politicians in
Washington, who are not subject to the business cycle. Government also needs to
stop the lawsuits that are driving up costs insanely by also capping award per
injury on a flat basis. But to get that type of reform we have to clean-house
in Washington since 45% of public officials are lawyers compared to just 6% of
the work force are lawyers. Hence, the legal profession is disproportionately
represented and prevent tort reform since that is their bread & butter.
So buckle up. The whole house of cards is starting to come down.
