Public debt and the peril of Obamacare

Public debt and the peril of Obamacare.

Countries with universal healthcare fall into two camps:

1. Totalitarian regimes like Cuba and North Korea, and authoritarian Third World countries in the Middle East and Africa.

2. Western nations that free-ride off of American military spending and its provision of international security, but nonetheless run unsustainable budgets with immense debts trying to pay for their social welfare states. [emphasis mine]

In other words, we had better repeal this monstrosity or we face economic collapse, probably preceded by a dictatorship.

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New York City business owners sick over ObamaCare

New York City business owners are sick over Obamacare.

Small to mid-size businesses, which generate close to 70 percent of US jobs, fear ObamaCare could bury them in colossal bills and future paperwork, and are now paying the price as premiums have soared in anticipation of the new regulation. “ObamaCare has been very negative for our business,” Moishe Heimowitz, principal at First Medcare, a 50-employee medical practice based in Canarsie, told The Post. “The high costs of ObamaCare and our present health-care costs have impeded our efforts to hire more people.” [emphasis mine]

Obamacare has done nothing it promised. Why don’t we just bite the bullet, show some courage, and repeal the damn thing before it does more harm?

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Obamacare doesnโ€™t stop Medigap providers, AARP partners from discriminating against seniors

Surprise, surprise! Obamacare doesnโ€™t stop Medigap providers and AARP from discriminating against seniors with preexisting conditions, as had been promised.

This story is just more evidence that the law is a mess, it should never have been passed, and in the future our so-called lawmakers should read the goddamn legislation before they vote on it.

I should add that I think it a very big mistake for the government to forbid insurance companies from denying new coverage to sick individuals. If insurance companies are forced to accept everyone as a new customer, even those who are ill, why bother paying for insurance when you are healthy? Everyone can simply wait until they are sick, and then buy the coverage, thereby getting a lot of insurance for very little investment. The result: insurance companies go bankrupt, as the whole concept of insurance depends on a lot of healthy customers paying the cost, at a low rate, for those who are sick.

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Twenty percent of the new waivers to ObamaCare are in Pelosi’s district

I guess they finally found out what’s in it: Twenty percent of the new waivers to ObamaCare are in Nancy Pelosi’s district.

Pelosiโ€™s district secured almost 20 percent of the latest issuance of waivers nationwide, and the companies that won them didnโ€™t have much in common with companies throughout the rest of the country that have received Obamacare waivers. Other common waiver recipients were labor union chapters, large corporations, financial firms and local governments. But Pelosiโ€™s districtโ€™s waivers are the first major examples of luxurious, gourmet restaurants and hotels getting a year-long pass from Obamacare.

Then there’s this new poll: By 17 percentage points, Americans support repeal.

Repeal is supported by men and women; by those in their 30s, 40s, 50s to mid-60s, and mid-60s on up; and by all income groups (ranging from under-$20,000 to over-$100,000 a year).

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The regulations are “overly prescriptive, operationally burdensome, and the incentives are too difficult to achieve to make this voluntary program attractive.”

Why don’t we just repeal it? “An umbrella group representing premier organizations such as the Mayo Clinic wrote the administration Wednesday saying that more than 90 percent of its members would not participate, because the rules as written are so onerous it would be nearly impossible for them to succeed.” There’s also this lovely quote:

[The Obamacare regulations] are overly prescriptive, operationally burdensome, and the incentives are too difficult to achieve to make this voluntary program attractive.

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