When the facts change, I change my mind. What do you do? -- John Maynard Keynes

Sunday, April 20, 2014

Obamacare Unsustainable

Remember when one of the goals of the Affordable Care Act a/k/a Obamacare was to control costs of healthcare spending which has been out of control for years?

Well there is nothing affordable about Obamacare, the so-called Affordable Care Act -- cost goals were thrown out when the Democrats passed the most lobby-controlled government health plan in modern history. Everybody in the health care industry got into the public trough--health insurance companies especially. Do not expect your health insurance premiums to do anything but keep going up and up! And if you cannot afford those premiums? Well good old Uncle Sugar will ante up (courtesy of deficit spending and the taxpayers) --

Income And Spending Are Up — Thanks, Obamacare | FiveThirtyEight: "Here’s what’s going on: The government’s definition of income includes not just salaries and other cash payments but also non-cash benefits such as employer-paid health insurance premiums and government programs such as Medicare and Medicaid. The health law has a particularly big impact on that last category because it made millions more people eligible for Medicaid. As a result, Medicaid payments increased $11.4 billion in February, representing 24 percent of the total increase in income. In January, Medicaid benefits represented an even bigger 47 percent of the increase in income."

You think those kind of wild increases in government spending, just for healthcare, are sustainable? You better think again. But no one in the mainstream media, or Washington is talking about that now--just sit back and enjoy the party! Just remember, at some point, it is all going to come crashing down just like Detroit.


The Big Picture

Financial Crisis - The Telegraph

JohnTheCrowd.com | The Sailing Website

Craig Newmark - craigconnects