By Terry | economic decline
The promises of Obamacare are already wearing thin as premiums rise and tens of thousands are forcibly dumped from their individual plans. It is already becoming clear that the public was lied to as the plan that Obama claimed was not a tax was labeled a tax by the Supreme Court decision to keep it from being annulled.
Then in November and December tens of thousands of people learned that they were being terminated from their individual plans because it did not meet the requirements of the new law. Another lie uncovered as all were promised by Obama that they could keep their plans when he was selling it to the American public and received now justified criticism about the real provisions of the plan.
Politicians lie for their Corporate and Bankster partners, from the very top on down. Obamacare was written for the benefit of Corporate profits, continued debt production and control over the people. However, now we get a chance to see what our future really holds under the Socialist medical care that isn’t really Socialist medical care according to the liar in chief and his sycophant minions.
According to a report which aired on Press TV:[quote]Countries using the Euro currency have been most severely impacted by the economic crash that first struck the European Union in 2008.
Government health service budgets have been slashed in countries such as Greece, Spain, Portugal, France, Italy and Ireland.
Waiting lists for medical procedures are growing all the time and many people, who simply cannot afford it, have no alternative but to use the little money they have on private healthcare.
The experts at a recent conference in Brussels as reported by Press TV “agreed that there are no easy solutions when it comes to the EU’s healthcare crisis.[/quote]
While liberals, fooled by the rhetoric ignore the reality, the socialist healthcare system is collapsing for the very people it is supposed to be helping. The rich can afford to pay for private treatment.
Those in the middle and lower classes are falling through the cracks. They now cannot even afford to pay the premiums for the coverage.
As in the U.S., birth rates are falling, retirees are growing and the tax base is shrinking accordingly. As the report from Press TV notes: “This raises serious questions about how healthcare in the EU is going to be paid for in the decades ahead.”
Expect the same in our nation. Our baby boomer generation is growing. There are less workers compared to retirees and college graduates are graduating with choking debt levels to being at income levels significantly below what they expected. The tax base is shrinking and the debt levels are choking the retail sector as noted in my last post about Janet Yellen.
What is happening in the EU will happen in the United States too. It is inevitable. We already have a national debt level of $17.3 Trillion or nearly $55,000 per citizen and over $150,000 per taxpayer.
It is being masked by our status as the reserve currency of the world which was set up under the Petro Dollar agreement establishing the dollar as the only currency that could be used to purchase oil on the international market. This forces nations who wish to purchase oil to stock pile dollars. This, in turn, allows our Federal Reserve to produce a large volume of dollars and produces the illusion that there is no inflation. In return, we provide the Middle East with military protection. (Are you beginning to see the connection here between our military presence in Iraq and Afghanistan while our borders are hardly protected?)
This unfortunately is coming to an end. As the true inflationary decline of the purchasing power of the dollar begins to show world wide, direct currency swap agreements are growing between nations needing oil. This means they are by-passing the dollar. It also means our inflation is creeping up to where it actually should already be.
Additionally, countries holding dollars in reserve such as China, no longer need the dollars to purchase oil. Now with currency swaps they can get the oil directly from oil producing nations. Those dollars we send overseas now longer are needed as reserves. The dollar is dropping in value as inflation erodes its purchasing power. What better time to begin to unload it than now.
So what does this all mean for Obamacare? Well, guess who pays for it? It is public healthcare, government sponsored but paid for by the public. The pool of insureds do not serve as the funding source, the government does. And who is ultimately responsible for the public debt but the taxpaying and producing public.
Costs of Obamacare will rise through inflation because the government (AKA our taxes and currency value impacted by government inflationary debt) is paying the bill.
Once our government gets involved, the free market provisions of voting with your dollars for products and services ends. Now, providers can raise their prices (just as they have done in our colleges with government guaranteed student loans) without fear of market backlash. After all, people typically assume the government will cover it right? It’s not my earned income, they imagine, so why should I worry?
Unfortunately, it all comes out in the wash as the saying goes. Just as the debt crisis is blowing up the socialized, government healthcare system in the EU, it will do so here as well.
We have been warned by the more prudent and aware citizens. The EU healthcare crisis is a snapshot of what is to come. The same crisis will happen here if we continue to build debt.
You can take that to the bank. Or rather the banks are bringing to you- like it or not. Complacency in the end is quite a bit more expensive than we have been led to believe by our self imposed political caretakers.
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