Also, it’s important to keep in mind that if this new program destroys the private insurance industry it will never come back. There’s no reason to believe that they will be able to compete with a government program, especially when the government program is entirely subsidized by the taxes of EVERYONE and isn’t required to actually make money like a normal company does. The government doesn’t have to “stay in business”. If they get low on money or go into debt they can simply print more money and truck on.
It’s going to be really sad when in 10 years on the program we have rationing, prioritization, long lines, waiting lists, and long wait times for surgeries. The tragic part is that once this happens it’s too late to go back to the system we have now. We’ll forever be on it, like Canada and the UK. Hundreds of thousands dying needlessly each year will be Obama’s legacy to America and history will hate him and his political party for decades.
America is one of the last countries that still have hyper-active treatment and pharmaceutical research programs, which Obamacare will force to shut down. The bills being pushed force drug companies to focus their efforts on making current drugs affordable rather than developing new ones. This alone will kill millions. Imagine a drug company working new cancer treatments being forced to abandon research and focus on making alergy meds cheaper. It’s retarded.
I have mixed feelings about this though. I know in a very short time it will cripple the Democrat party and hurl them out of power for at least a decade or two but the cost of that would be halting the medical research programs and reverting medical care back to 1930s standards. As good as those pros sound they just don’t outweigh the cons.