Who knew? Obama said he can insure 13 million people that don't have insurance now plus guarantee to insure millions more and it would cost less than we are all paying now. What?
The real sad part of all this is most people believed him, even many Conservatives that knew better. Now the liberals that drank the coolaid are having a very hard time kicking the habit of sitting in the front pew of Obama's church of 'hope and change'. It must be like kicking a cocaine habit. Many can't do it. Many a doomed to the 'dark side'.
With the election last Tuesday of so many Conservatives to all branches of government from governorships to state legislaters and the federal government, it is hoped that they can lay a foundation in the next two years to stop the insanity of ObamaCare and all of the other destructive legislation that he has rammed down our throats in 2012 by winning the presidency from the socialists.
The Cost of "Free" Medical Care
Source: Matt Kibbe, "The Cost of 'Free' Medical Care," Washington Times, November 1, 2010.
One of the most difficult economic concepts to grasp is that we live in a world of limited resources. For better or for worse, scarcity forces us to choose from among our many wants, says Matt Kibbe, president of FreedomWorks.
The Obama administration promises to "give" the American people more. But at what cost? No matter how hard it tries, the administration cannot repeal the basic laws of economics.
President Obama promised that his health care law would give us more health care coverage and "bend the cost curve downward." In some way or another, Obamacare was supposed to cover more people for less money. Seven months after the passage of Obamacare, the laws of economics have struck back, says Kibbe.
Under the new Obamacare law, insurance companies are forced to provide "free" screenings and preventive care, but there's nothing free about Obamacare. Ultimately, we all will pay the cost of these "free" services in the form of lower wages, higher taxes or higher health insurance premiums.
Some insurance companies have already increased their premiums by an average of 20 percent to help pay for the extra benefits required under Obamacare. It has been reported that consumers may face total premium increases as much as 47 percent in the near future.
Under the new law, it is mandated that all employers who offer health insurance must spend at least 80 percent of their revenues on patient care. "Mini-med" policies offered to 2.5 million low-wage workers do not meet this requirement. Many businesses, including McDonald's, have spoken out against this costly provision.
Some small businesses that are harmed by these costly regulations will have to choose between ending health care coverage and going out of business. Surely, even the most ardent supporters of Obamacare would agree that mini-med coverage is better than no coverage at all. This is an example of a trade-off that the fact of scarcity requires.
No matter what politicians may promise, you cannot get something for nothing, says Kibbe.
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