Saturday, May 18, 2013

Healthcare, If Any?

According to a report issued by a House committee bssed on data provided by a consortium of insurers, healthcare costs will increase dramatically under Obamacare -- by 100 to 400%:

Internal cost estimates from 17 of the nation's largest insurance companies indicate that health insurance premiums will grow an average of 100 percent under Obamacare, and that some will soar more than 400 percent, crushing the administration's goal of affordability.

I...don't believe this.   Oil from a turnip, anyone?

People won't spend money they don't have.  They can't.  It's one of those quirky aspects of accounting.  Costs imposed on insurers are certainly relevant, but this analysis seems crude to me.

Quality will probably fall, waiting times will probably increase, etc.  But I do not think prices can rise much.

And wouldn't it surprise everyone if they fell?

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