Friday, June 28, 2013

Obamacare's looming train wreck

Why is Obamacare on a looming train wreck?

Four reasons -

Young people don't need it and thus won't get it.

It has cost controls - and cost controls never work.

Resultant taxes and government meddling - aka regulations - never work, either.

It sets up exchanges (subsidies for people to buy the insurance) that simply can't work.

It creates demand where there simply is no supply.

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