Prelude to Disaster: The Coming Instantaneous Collapse of Obamacare Services
October 24th, 2013
There is no doubt that President Obama’s health care system promises to fundamentally transform America. It’s been touted as the saving grace of the working class.
But how feasible is it really?
We know it’s essentially a wealth redistribution scheme that takes money from one group of people in the form of forced tax payments, only to shift that money into the pockets of those who didn’t earn it in the form of government subsidies to their health care premiums.
But like all universal programs, the promise of free anything only works so long as you don’t run out of other people’s money.
That being said, a basic analysis of how Obamacare premiums work across the spectrum of America’s wide ranging socio-economic population suggests that it’s dead on arrival.
Once the forced mandates take hold one of two outcomes become inevitable, as noted by The Market Ticker, whose Karl Denninger took a detailed look at the government’s county-by-county premium data.
The consequences of implementation will be disastrous.
Either the Obamacare system itself collapses under its own weight, or the U.S. economy falls apart because of the extreme burden being hoisted on those who are responsible for paying the bill.
Either way, we’re looking at an almost instantaneous collapse of one or the other.