It is hard to find the words to adequately describe how much of a disaster Obamacare is turning out to be. The debut of Healthcare.gov has been probably the worst launch of a major website in history, millions of Americans are having their current health insurance policies canceled, millions of others are seeing the size of their health insurance premiums absolutely explode, and this new law is going to result in massive numbers of jobs being lost. It is almost as if Obamacare was specifically designed to wreck the U.S. economy. Not that what we had before Obamacare was great. In fact, I have long argued that the U.S. health care system is a complete and total train wreck. But now Obamacare is making everything that was bad about our system much, much worse. Americans are going to pay far more for health care, the quality of that care is going to go down, they are going to have to deal with far more medical red tape, and thousands upon thousands of U.S. employers are considering getting rid of the health plans that they offer to employees altogether due to Obamacare. If the U.S. health care system was a separate nation, it would be the 6th largest economy on the entire planet, and now Obamacare is going to absolutely cripple it. To say that Obamacare is an “economic catastrophe” would be a massive understatement.
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Pretty much everything that Obama told us when he was selling us on his plan has turned out to be a lie.
So what can we expect from Obamacare moving forward? The following are 10 signs that Obamacare is going to wreck the U.S. economy…
#1 It is being projected that millions upon millions of Americans are going to lose their current health insurance plans thanks to Obamacare. Most will be faced with the choice of either purchasing much more expensive health insurance or going uninsured. This will put even more stress on a middle class that is already disintegrating rapidly. The following is from the recent NBC News investigation mentioned above…
Four sources deeply involved in the Affordable Care Act tell NBC News that 50 to 75 percent of the 14 million consumers who buy their insurance individually can expect to receive a “cancellation” letter or the equivalent over the next year because their existing policies don’t meet the standards mandated by the new health care law. One expert predicts that number could reach as high as 80 percent. And all say that many of those forced to buy pricier new policies will experience “sticker shock.”
#2 The health insurance premium increases that some families are experiencing are absolutely mind boggling. According to Mike Adams of Natural News, one family in Texas just got hit with a 539% rate increase…
This reminds me of the Chinese curse “May you live in interesting times.” Because things are going to get very interesting.
I had to laugh though when I went to the source article to continue reading all 10 signs at the bottom of the page was a paid advertisement “Consider moving to Costa Rica.” I was thinking if Costa Rica has a private health care system it might be worth trying to figure out a way to buy a small house down there and stay there when you need to get quality healthcare in the future. Because there will not be quality healthcare in the USA any longer.