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ObamaCare: The Neutron Bomb That Will Decimate the U.S. Economy
Posted By kurtnimmoadmin On November 21, 2013 @ 2:53 pm In Economic Crisis | Comments Disabled
Charles Hugh Smith
November 21, 2013
ObamaCare will act as a neutron bomb on the U.S. economy for systemic reasons.
Longtime readers know I have repeatedly explained why healthcare, i.e. sickcare, will bankrupt the nation. ObamaCare simply speeds up the coming collapse. Here are two of the dozens of entries I’ve written on sickcare:
America’s Hidden 8% VAT: Sickcare (May 10, 2012)
Can Chronic Ill-Health Bring Down Great Nations? Yes It Can, Yes It Will (November 23, 2011)
I have also explained why ObamaCare’s “fixes” are simulacra reforms that don’t even address the systemic costs arising from the cartel-fiefdom structure of sickcare:
Why “Healthcare Reform” Is Not Reform, Part I (December 28, 2009)
Why “Healthcare Reform” Is Not Reform, Part II (December 29, 2009)
Sickcare is unsustainable for a number of interlocking reasons: defensive medicine in response to a broken malpractice system; opaque pricing; quasi-monopolies/cartels; systemic disconnect of health from food, diet and fitness; fraud and paperwork consume at least 40% of all sickcare funds; fee-for-service in a cartel system; employers being responsible for healthcare, and a fundamental absence of competition and transparency.
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