The Hidden ObamaCare Bomb No One Is Talking About

When Barack Obama told you that you'd be able to keep your insurance if you like your insurance, he had to have known that it was a bold-faced lie; and while the pundits and talking-heads fixate over the fact that ObamaCare is a tax (and it is a tax) almost no one is talking about the real bomb in ObamaCare that is going to force all of us into the top-down government pool.

Rick Unger explained it all in Forbes seven months ago and while we disagree with Unger's initial contention that ObamaCare "is not nearly as big of a deal as opponents would have you believe," the rest of the article is spot on.

And yet, no one is talking about the provision that will require your private insurance carrier, under penalty of law, to spend 80-85 percent of your premiums on "medical care." What's wrong with that, you may ask? Why should these greedy insurance companies get rich? That's probably the question the proponents of ObamaCare want you to ask. Propaganda that appeals to class envy never fails to convince people that acting in opposition to their self-interest is beneficial. Other than the fact that the government imposition of such a requirement falls under the textbook definition of fascism, anyone who has ever owned or operated a business instinctively knows what's wrong with the government demanding that insurance carriers allocate 80-85 percent of your premiums to medical services. In short, it's impossible! Unger explains it much better than we ever could. Follow the article below, but you may wish to take Unger's supposition that ObamaCare is no big deal with a heavy grain of salt. (Forbes.com) This is the true ‘bomb’ contained in Obamacare and the one item that will have more impact on the future of how medical care is paid for in this country than anything we’ve seen in quite some time. Indeed, it is this aspect of the law that represents the true ‘death panel’ found in Obamacare—but not one that is going to lead to the death of American consumers. Rather, the medical loss ratio will, ultimately, lead to the death of large parts of the private, for-profit health insurance industry. Why? Because there is absolutely no way for-profit health insurers are going to be able to learn how to get by and still make a profit while being forced to spend at least 80 percent of their receipts providing their customers with the coverage for which they paid. If they could, we likely would never have seen the extraordinary efforts made by these companies to avoid paying benefits to their customers at the very moment they need it the most. Read The Rest Of The Story