Saturday, October 3, 2009

Obama: Health Plan Will Boost Economy

President Obama on Saturday used his weekly radio address to tout health-insurance overhaul, calling it a critical step toward reducing the nation's deficit and boosting an ailing economy.

There are only two ways Obamacare could help reduce the deficit:

1. Cause a cutback in services provided. For Obama advisers, this means fewer services available for the elderly and the very young.

2. Overcharge youth for their healthcare to subsidize healthcare of those older.

It is likely Obamacare will mean both and still expand the deficit.

Coercion never boosts and economy, it only distorts it. Distorting healthcare will mean less care available, the suffocation of creativity and innovation, volunteer transactions replaced by government bureaucratic deciders.


  1. Thanks Robert. Couldn't have said it better myself.

  2. Wenzel,

    I think you meant "at best" it can only distort. At worst, it actively destroys wealth (ie, the deficit getting bigger despite the cost-cutting measures).