Tuesday, October 1, 2013

Who's Gonna Pay for Obamacare?

Well, Obamacare is here and the web sites are open for business. The President promised “affordable” care for all Americans. I wonder what Obama’s definition of “affordable” is… And I wonder where all of this money to pay for Obamacare is coming from? Well, now that the Federal Government is in the insurance business, let’s compare them to their for profit counterparts. For profit insurance companies use the principle of insuring a large group of people who probably won’t need the insurance they have sold them. They do this by screening individuals for their health factors and consider the risks before they sell them health insurance. This minimizes their risk and maximizes profits. Now we all know that trying to make a profit is an evil thing according to liberals, so enter Obamacare. Obamacare will insure anyone regardless of their health or pre-existing conditions. Therefore, from a financial standpoint, risk is much higher. And since Obamacare is “affordable”, profits will be minimized. So where is the money coming from to pay for the high percentage of those that will actually use the insurance they purchased through Obamacare? Well, the President is hoping all of the Obama Youth, or if you prefer, the Obamazombies, who are young and healthy will run out and buy health insurance through Obamacare. Currently, the fine if you don’t buy Obamacare is $95.00, which will be collected by another trusted government institution, the IRS. The costs of the Obamacare mid tier Silver Plan is $328 and month. Considering health insurance is not high on the priority list of many young Americans, which one do you think they will opt for? $95 or $328? While the President is counting on his youthful minions to all buy Obamacare plans, the Old NCO doubts they will. So, back to my basic question – who’s gonna pay. Well, unless President Obama plans to let his legacy legislation implode financially, YOU will foot the bill for the financial shortfall Obamacare is destined to rack up. But take comfort, all of you Obama supporters, that is how Socialism works.

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