By: Dale Weckbacher
The Obama Administration touted Obamacare as the miracle
cure for all of our ills. Not only was
it going to insure every man woman and child in the United States received
health care but it promised it would be affordable. After all, Obamacare’s official name is the
Affordable Care Act. Obama also
continually promised those of us who already had a doctor we liked and insurance
we liked could keep them.
Now that many have discovered their insurance will either
cost more or have higher co-pays and deductibles making it unaffordable for
many. Now that many are losing their
health insurance or having their doctors retire or fired by their insurance
carrier. We now understand that
Obamacare was nothing more than snake oil sold as the latest cure all for people’s
ills, only to find out after purchasing it that it was nothing but a sham.
What has been a mystery to many of us is that the insurance
companies who have had their profit margins cut to 15 percent and who now are
required to cover people with preexisting conditions are supportive of
Obamacare. This week, however, Marco
Rubio provided an answer for us.
It appears that section 1342 of the legislation, which
contains a provision limiting the profits of insurers, also contains a
provision limiting their losses. Even
though it is possible to structure risk corridors such as this in a
budget-neutral manner, Obamacare did no such thing. (1) In other words, the taxpayer will be forced
to bail out health insurers should their losses exceed a certain amount. With insurers now required to function on
reduced profit margins along with having to take on additional risk, there is
no doubt this will occur at some point in the future.
If this sounds familiar, it is. Does anyone remember when the community
reinvestment act required mortgage lenders to make risky mortgages? These mortgage lenders made these risky loans
because the government promised it would cover their losses in the event of
default through Fannie Mae and Freddie Mac.
However, when Freddie and Fannie ran out of money, the housing bubble
burst leading to a recession in 2008. How
long before health insurers go to HHS asking for a bailout, only to discover
there is no money. The only difference
when the health insurance bubble bursts will be that instead of bailing out
these companies, the government will probably just take over the health care
industry and we will have what the liberals have always dreamed of, single
payer health care with the government being the single payer.
Black Friday is not an event in which I normally participate. In my household, we usually use the day after
Thanksgiving to begin decorating our house for Christmas. Granted I may miss some good deals but I
believe it is more important to take that day off work and spend it with my
family instead of with a horde of greedy people looking to save a few bucks on
a flat screen TV or cell phone.
The best way to describe this black Friday is black eye
Friday. During a Black Friday frenzy at
a New Boston Ohio Walmart, a woman and little girl were trampled and
injured. (2) Prior to Black Friday in what some are
calling Grey Thursday, there were three incidents also at Walmart. One incident occurred in Rialto California where
shoppers got into a fight because shoppers were cutting in line. Another incident occurred in Claypool Hill
West Virginia where a shopper was slashed to the bone after threatening another
shopper with a gun in a dispute over a parking spot. A third incident occurred at a New Jersey
Walmart where a shopper was charged with aggravated assault on a police officer
after getting into an argument with a store manager over a television set. (3)
It appears that Black Friday, the traditional first shopping
day for Christmas has turned into Black Eye Friday. Many believe that a CEO making a
multi-million dollar salary that the Board of Directors of the company agreed
to pay to them is greedy. However, it is
also greed when people trample someone, get into a fight, stab someone, or
assault a manager over attempting to save a few dollars on a Black Friday
deal. It appears that many have
forgotten that Christmas is about celebrating the birth of Jesus Christ, the Prince
of Peace. Ironically, these incidents
all occurred only hours after the celebration of Thanksgiving, a time when we
pause to give thanks for what God has given us.
It appears that many have also lost confidence in the media,
especially CNN and MSNBC. Evidence of
this loss of confidence is found in the ratings numbers, which have fallen just
like the water falling over Niagara Falls.
The November ratings numbers revealed that CNN remains in last place
among cable news networks and has experienced a 59 percent drop in its ratings
over the past year. At the same time Fox
News is down by only 21 percent. (4) MSNBC has lost 45 percent of its viewers over
the same period. (5) Even though viewership of cable news is down
for all networks, possibly due to more people getting their news over the
internet, viewership at the liberal networks of CNN and MSNBC appear to be
falling at a faster rate. I believe this
demonstrates that the current exposure of the lies by the administration over
Obamacare and the liberal networks covering up of these lies has caused many to
turn them off.
We must stop Obamacare before it escalates into a health
insurance bubble similar to the housing bubble that took the country into a
recession for a recession caused by a health insurance bubble will have a more far-reaching
effect on the economy than the housing bubble.
I also urge everyone to pause during this busy Christmas season and
focus on Jesus Christ, the Prince of Peace.
I also urge everyone to continue rejecting the liberal spin of the liberal
media and make an effort to seek out the truth that this current administration
is only interested in furthering its liberal statist political agenda and will
lie to insure it continues.
1. Rubio, Marco. EXCLUSIVE–RUBIO: PREVENT BLANK
CHECK BAILOUTS UNDER OBAMACARE. www.breitbart.com. [Online] Breitbart
News, November 26, 2013. [Cited: November 30, 2013.] http://www.breitbart.com/Big-Government/2013/11/27/Exclusive-Rubio-Prevent-Blank-Check-Bailouts-Under-Obamacare.
2. Houston, Warner
Todd. BLACK FRIDAY: TWO TRAMPLED AT OHIO WALMART, ONE A CHILD. www.breitbart.com.
[Online] Breitbart News, November 29, 2013. [Cited: November 30, 2013.]
http://www.breitbart.com/Big-Government/2013/11/29/Two-Trampled-at-Ohio-Walmart-One-a-Child.
3. Nolte, John.
THANKSGIVING NIGHT SALE BRINGS VIOLENCE TO THREE WALMARTS. www.breitbart.com.
[Online] Breitbart News, November 29, 2013. [Cited: November 30, 2013.]
http://www.breitbart.com/Big-Government/2013/11/29/thanksgiving-nightsale-brings-violence-to-three-walmarts.
4. —. NOVEMBER RATINGS:
LAST PLACE CNN LOSES 59% OF DEMO VIEWERS OVER LAST YEAR. www.breitbart.com. [Online]
Breitbart News, November 29, 2013. [Cited: November 30, 2013.]
http://www.breitbart.com/Big-Journalism/2013/11/29/november-ratings-last-place-cnn.
5. —. NOVEMBER RATINGS:
MSNBC LOSES 45% OF VIEWERS. www.breitbart.com. [Online] Breitbart News,
November 29, 2013. [Cited: November 30, 2013.]
http://www.breitbart.com/Big-Journalism/2013/11/29/november-ratings-msnbc-loses-45-percent-of-viewers.