The reason Obamacare will fail is it ignores the science of actuaries. Such scientific calculations based upon trends, demographics, social science and statistics are the backbone of the insurance industry. It is economic principle that is characteristic of the free market system. The Democrats have ripped out that backbone and have sent America’s health care system on a plane ride to disaster.
The Democrats have ignored economic principle when the insurance pool is weighted towards the most sick and penalizes the healthy by increasing their premiums — so much so that some will choose to pay the small penalty rather than participate. This design ignores the fundamentals of actuarial realities where the larger numbers of healthy support the costs of the sick.
Because Obamacare must be issued to everyone who applies with a one-size-fits-all coverage, it sets up another failure. The sick will sign up when they get sick and, because of its one-size-fits-all cost, will drop it when they are cured. The pool will get sicker with fewer healthy people to cover the costs. It will cause premiums to rise with devastating results to the system.
Another problem is Obamacare will force more employers to put their workforce on 32 hour work weeks to avoid the responsibility of covering them. This will lower the purchase power of the workers who will not be able to afford the rising cost of the premiums.
The Obama Syndicate’s utter disregard for the practical consequence of its reckless experiment has put one-sixth of the United States’ economy at risk. May the Democrats go down with their disastrous scheme and be out of power for decades to come.
A belief in socialism is predicated on a complete misunderstanding of economics and a total disregard for capitalism's realities. Coupled to, of course, an abject inability to learn from experience...