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"Obamacare" is Nothing More Than Another Wealth Redistribution Scheme

Updated on November 28, 2013

If one carefully studies the "Affordable Care Act" (hereafter referred to as Obamacare), and its effects thus far, it becomes painfully obvious that it is, more than anything else, another of redistributing wealth from people who have money to people who, for whatever reason, do not. Why do I say this? Consider:

The president and vice-president react to the passing of  "Obamacare" in Congress.
The president and vice-president react to the passing of "Obamacare" in Congress. | Source

Obamacare is destroying (intentionally) the individual healthcare insurance market by rendering millions of policies "substandard." (President Obama is now backtracking and trying to change the law so that his oft-repeated canard "If you like your healthcare, you can keep it" is justified. Trouble is this means a change to the law getting Congress involved, not to mention the fact that these policies have already been cancelled. What is left is one big mess.)

The destruction of the individual healthcare insurance market is justified by stating people can get "better deals" in the "exchanges" Obamacare has (or is trying to) set up. Trouble is, most people are finding these "better deals" to be worse - the policies are often more costly, have higher deductibles, and higher co-pays. They are supposed to be "better deals" because they contain better coverage, even though some of this mandatory coverage may be totally superfluous to the individual purchaser. (Explain to me why a 22-year old male needs maternity coverage.)

What is happening to the individual healthcare insurance market will soon happen to the group health insurance market as the next phase kicks in next year. Now businesses with more than 50 employees will have to partially or wholly pay for policies much more costly than before because of the new standards. Net result? More and more companies are reducing hours for employees because they do not have to cover part-timers.


Source

Obamacare's primary goal is to provide cheap (or even free) coverage to the uninsured and the only way this can work is to get healthy, young people to sign up, so they can pay exorbitant premiums for coverage they neither need nor want, thus subsidizing all the others. If they do not sign up, they can be fined! The IRS (of all people) is hiring thousands of new people to enforce this law. (Isn't democracy wonderful?) A lot of people, by the way, will likely pay the fine (much lower than the cost of a policy) and take their chances. Not to mention the (according to the Heritage Foundation) over $836 billion in new taxes it is going to cost the American people by 2022.

Obamacare is driving people into Medicaid. In Illinois, for example, as of today 1,370 people have been signed up for individual policies while 19,447 have been "pushed" into Medicaid through the state's Obamacare portal (source: IllinoisWatchdog.org). This is happening nationally as well. Medicaid is a "single payer" system (i.e., socialized medicine). Perhaps this is the overall goal of Obamacare?

In Sum . . .

So the individual healthcare insurance market is being destroyed, the group insurance market is next on the firing line, and thousands are being driven into government-subsidized insurance. The only saving grace is that the Obamacare roll-out has been such a disaster (especially the website!) that the American people are now seeing Obamacare for what it is: a bloated, complicated monstrosity designed to eventually destroy the overall healthcare insurance market and replace it with a government-run bureaucracy which will, for all intents and purposes, redistribute wealth. Many have said this is part of Obama's plan to "transform" America into a European-style, giant welfare state. I think they are right.

Actual Cover of the New York Post, Friday, 24 November 2013
Actual Cover of the New York Post, Friday, 24 November 2013 | Source

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    • FitnezzJim profile image

      FitnezzJim 4 years ago from Fredericksburg, Virginia

      ObamaCare is what happens when future leaders are raised on Three Stooges reruns.

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