The real intent of Healthcare reform

UGRev · Dec 28, 2009

http://market-ticker.denninger.net/archives/1792-The-True-Intent-of-Health-Reform.html

Here's how it will happen.

Congress will pass and Obama will sign something containing this "individual mandate."

This will generate immediate lawsuits which will begin their way through the system, headed for the United States Supreme Court. That process will take several years. Note that the so-called "benefits" of this reform will also take several years to show up. This is not an accident.

Meanwhile, the taxes begin immediately. This is exactly what happened in the 1930s by the way - taxes were raised right into the maw of an economic recession, and helped turn it into a Depression. Such it will be this time as well.

Young, healthy people will pay the "fines" under protest and refuse to buy coverage (it's cheaper than complying with a $15,000/year mandate to pay the $750/year fine!) and join said lawsuits in Step #2. This will in turn begin to force private companies out of the system (remember, there are also price controls in there!) as adverse selection will not be eliminated as promised.

At some point the courts will strike the individual mandate. Free to not pay the fine or buy insurance and prevented from raising rates adverse selection will collapse the remaining private health insurers.

At this point you have:

Permanently higher taxes (since it is constitutional to tax!)

NO private health insurers left in the market.

The "standards and practices" remaining and impossible to remove (note the super-majority requirements in the bill - intentionally put there to prevent the removal of those standards and practices!)

Click to expand...

dragonfly · Dec 29, 2009

All I want to know is:
Where can WE all get Kenyan birth certificates, so WE don't have to buy into the "health care program".
It doesn't affect NON-Americans!

Seawolf1090 · Dec 29, 2009

"Hola! I am Pedro, from Mehico!"

44044 · Dec 31, 2009

And all health care workers will have to join SEIU, to pay them [SEIU] back for the 600 million dollar donation to obama's election

Ivan · Jan 2, 2010

do not ascribe to malevolence what can more easily be explained by extreme incompetence.

ghrit · Jan 2, 2010

Another take on what our illustrious representatives are doing to our Constitution.

http://online.wsj.com/article/SB10001424052748703278604574624021919432770.html#articleTabs=comments

BAT1 · Jan 9, 2010

Yes, the IRS already has a form to fill out to list your coverage. Will it become a tax lien if you don't pay. LOL They can kiss my grits.

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The real intent of Healthcare reform

UGRev Get on with it!

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The real intent of Healthcare reform

UGRev Get on with it!

dragonfly Monkey+++

Seawolf1090 Retired Curmudgeonly IT Monkey Founding Member

44044 Monkey+++

Ivan Monkey++

ghrit Bad company Administrator Founding Member

BAT1 Cowboys know no fear

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