If passed, it will reduce the quality and increase the cost of health care in America. But more importantly, it will severely undermine our already weak economy....My continued forecast is in sync with Schiff. Obama has no clue and will destroy quality healthcare in America.
The worst part of the whole fiasco is trying to imagine the bureaucracy necessary to administer this plan. My guess is that the government provider will mis-price its policies on the low side, pushing employers to dump private sector insurance for the taxpayer-subsidized alternative. Such a system will further distort health care pricing and, ultimately, make a bad situation intolerable.
The socialistic healthcare system he is setting up will simply not be able to function at any type of quality level. His program will eliminate the necessary rationing process on those seeking medical care. The system will be flooded with whack job, welfare queens who will be willing to sit for hours on dirty plastic seats watching Oprah and Jerry Springer on the waiting room television. At the same time this will be going on, the incentive will be cut for doctors to work hard and think creatively. Think the post office, no one has there thought creatively, ever.
Raise demand and cut supply? This is not the way to control costs. What we are headed towards is a rationing system, where the politically connected will be first in line, and the rest of us will have to wait in the dirty plastic chairs, fighting over television channels with welfare queens as we settle in for our hours long wait to probably be put on another waiting list.
The only really option will be offshore. As I have said before, quality healthcare is going to the islands. If you are in the healthcare industry, now is the time to buy some sun tan lotion, find a Caribbean island friendly to quality, free market healthcare and you will make a fortune. We'll all be headed over in droves real soon.
For all of us. There will be choices. This: