Tuesday, October 29, 2013

The Website is Fixable, Obamacare Isn’t

This great article by Peter Schiff explains why "Obamacare" is a real failure, and will adversely affect both US healthcare, and government finances. In fact, it may be the straw that breaks the camel's back, and sends the US economy into recession.

This boondoggle is another reason I am neither a Democrat, nor a Republican. Both parties are in league with horrid special interests, with nothing but their profit maximization as a goal.

The problem with late-stage, pre-collapse democracy, is that the public good is completely ignored. Special interests spend a lot of time and energy gaming the system, and lobbying the government. The public, who have a lot to gain as a whole by opposing the acts of looting by special interests, are feeble in their opposition, because no single voter or family stands to lose that much from a single special interest's coercive goals. When you add up all the special favors doled out to corporations and special interests, however, it starts to really add up. In fact, such special interests and public corruption doomed the Roman Empire. Thus, we begin the slide into the dustbin of history.

Excerpt of Peter Schiff's article below. Click article to read entire essay.

Since Obamacare made its debut, discussions have focused on Ted Cruz' efforts to defund the law and the shockingly bad functionality of the Website itself. Fortunately for Obama, polling indicates that Senator Cruz has lost, at least for now, the battle for hearts and minds. The President has not been nearly so lucky on the technological front. If current trends continue, the rollout may go down as the worst major product launch in history. But given the government's enormous resources, it's safe to say that the site itself will ultimately be fixed. But when it is finally up and running, the plan's many deeper, and more intractable, flaws will come into focus. That's when the fun will really begin.
Put simply the program is built on a mountain of false assumptions and is covered by a terrain of unanticipated incentives. Any cleared-eyed observer should conclude that it is perfectly designed to raise the costs of care and wreck the federal budget. However, like just about every other complicated problem that bedevils the nation, the public has become far too caught up in the politics and has ignored the horrific details.

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