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Politics : A US National Health Care System?
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To: Road Walker who wrote (36521)5/5/2014 4:44:19 PM
From: i-node1 Recommendation

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Brumar89

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>> The ACA limits a small subset of policies...

This really isn't correct at all.

While the term "limitation" is in the eye of the beholder, it is absolutely clear that benefits are going to be lost on many, many policies as a result of ACA. For example, Fred Smith was on TV last night pointing out that FedEx employees are going to be facing higher deductibles and other cuts in benefits. Not because that was intended by the ACA but because government intervention usually ends up doing more harm than good. Which is what will happen with ACA.

I am reminded of the greatest contemporary economist, Milton Friedman's comment -- "If you put the federal government in charge of the Sahara, within five years there would be a shortage of sand."

This is exactly what we already see in health care -- not solely as a result of ACA, but manifested precisely because of it -- disruptions in supply are totally evident at this point, but misallocation of resources will follow, it just takes time.

The problems with Medicare didn't surface until a number of years after implementation. And even today, most people do not understand what a mess Medicare is. That does not mean there isn't a mess, only that the money hasn't run slap out just yet. It will.
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