Obamacare: Collateral Damage

More people losing insurance than signing up.

That's how redistribution schemes work. Those who are expected to pay more are collateral damage.

"There have been estimates about hundreds of thousands of people losing coverage, CBS News' Jan Crawford reported on "CBS This Morning." CBS News has reached out to insurance companies across the country to determine some of the real numbers -- and this is just the tip of the iceberg, Crawford said. The people who are opening the letters are shocked to learn they can't keep their insurance policies despite President Obama's assurances to the contrary.

The White House is on the defensive trying to explain it, after Mr. Obama repeatedly said, "If you like your doctor or health care plan, you can keep it."

Right up there with 'you didn't build that.' (Context of quote noted but the spirit of his comment was clear in my view).

Well, Congress can 'keep it.' Just not citizens.

What a mess.

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More Obamacare fall out from a former Democrat staffer.

So let me see. It cost her her job, increased her cost of living and still toes the ideological line still believing in 'health care for all?'

Can't help those in denial.

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 I was listening to Howard Stern and they were interviewing people at a Pokemon convention. One of the people there said they spend $4000 a year going to conventions but does not invest in a 401k.

People make their choices. So in the case of insurance they don't purchase it choosing instead to put their money elsewhere. With laws like Obamacare (or anything like it) suddenly other people are forced to pay more to cover people like the Pokemon guy.

Why stop at health? Why not compel people to save in their 401k (RRSP in Canada?). Yes, we do pay into SS, or OAS but at this point, I'm actually a little surprised no one has expanded this to savings plans.

If anything, the government will probably start dipping into savings plans in the future. Crazy? They already raid pension plans.