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Monday, October 31, 2016

Economist Predicts Rising Obamacare Costs Will Lead To Riots

Now that it is widely accepted by everyone except the president in denial, that Obamacare is an epic debacle, one which boosts GDP because it is fundamentally a tax that counts toward healthcare expenditures yet takes away from other discretionary spending leading to a downtrend in overall US consumption, most also have an opinion on how it unwinds. However, few are as gloomy as economist Chris Butler of Butler, Lanz and Wagler, who discussed the rising cost of health insurance plans rising next year under the Affordable Care Act, and said he expects riots as the populace begins to expresses outrage upon learning many will be priced out of health care options.

Butler told Chris Stigall on Talk Radio 1210 WPHT to expect more public demonstrations of anger as prices move upward.

Cited by CBS Philadelphia, Butler said that “right now, I think you do have to say that A, it’s failing and that B, I think next year, you’re going to have a bunch of people that don’t get the subsidies that make the premiums a little bit more affordable that are just going to riot because it’s just too expensive for most people if you don’t qualify for subsidies.”

Butler said he still objects to court rulings siding with the government requiring individuals to purchase insurance or pay a penalty. In that case, he will be even angrier to learn that according to Obamacare architect Jonathan Gruber, the "solution" to prevent millions of Americans opting to pay penalties instead of be enrolled, is to hike the penalty even more.

“You can go back to the Supreme Court decision on this. I’m still shocked that we are being told that our constitution says that it is allowable to force to people to buy something. When I hear people talk about forcing them, not only to buy something, but to make the penalty stiffer if they don’t, I just get queasy.”

Butler told WPHT there could be simple solutions to lower costs and cites buying plans across state lines as an example.

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6 comments:

Anonymous said...

Cheapest plan, where you do not get a subsidy, for a single middle aged person is over $10,000. And that one has a $6,550 deductible

A decent plan will cost you 12K

I take home only 34,000 a year. Deduct 12K and that means I live on 22K a year. To pay the mortgage, small car payment, heat,electric, phone, water,insurances taxes, food and gas. Last year I ran out of oil, and only had an electric heater in the bedroom. The rest of the house was unheated thru the month of March. I do not have cable or wifi.

FU Obama and all the rest of you government shills. 58 and going without insurance in 2017. F all of you.

I cried when the broker told me my policy increased 5K for next year.

This is the American dream?

Anonymous said...

Obama voters. This is YOUR fault...why? because you were duped, easily led, and stupid.

Anonymous said...

It's unbelievable that Hillary supporters think that it will be better under her "leadership". It will only get worse.

Anonymous said...

Call it Obama care if you will but take note that Medicaid was headed in this direction way before the Obama plan. They sold this version to make it taste a little better....BUT...no matter how much lipstick you put on it....it is still a pig.

Anonymous said...

Oscamacare.

Anonymous said...

10:28 AM At that income level you qualify for a government subsidy to help you pay for the premium.