Yup,
Everything the government touches turns into a bubble.
By backing mortgages they creating a housing bubble which ultimately popped as those seeking loans 'bid up' the housing prices.
We are seeing the same in tuition prices right now. Government backed.. they get bid up to unreasonable levels that can never be repaid. Gonna hurt worse then the home bubble when this one pops. Too many young people loaded to the brim with debt to get the same piece of paper everyone now has with gov. backed schooling. They graduate, cant find a job, and will never re-pay those debts.
If we see ACA put in place we'll likely see something similar in health care. Those seeking insurance rather then paying the penalty will ultimately bid up the price of insurance. Insurance companies will keep demanding more resulting in the government imposing higher mandates and/or larger tax/penalty. The ACA isnt ultimately going to make for affordable health care.. it will result in you handing over more and more each year. Want free health care.. head over to Europe and kick out 50% of your income to health care. Sounds like they've got a ton of freedom over there and I hear their economy is roaring. /sarcasm.
Government intervention has created bubbles in the stock market, housing market, tuition market, and have fucked up many other aspects of our economy. If anyone think that the federal government intervening in our medical care isnt going to cause issues they simply are taking a short sighted view on things and need to pay more attention to the repercussion of government "help".
Everything the government touches turns into a bubble.
By backing mortgages they creating a housing bubble which ultimately popped as those seeking loans 'bid up' the housing prices.
We are seeing the same in tuition prices right now. Government backed.. they get bid up to unreasonable levels that can never be repaid. Gonna hurt worse then the home bubble when this one pops. Too many young people loaded to the brim with debt to get the same piece of paper everyone now has with gov. backed schooling. They graduate, cant find a job, and will never re-pay those debts.
If we see ACA put in place we'll likely see something similar in health care. Those seeking insurance rather then paying the penalty will ultimately bid up the price of insurance. Insurance companies will keep demanding more resulting in the government imposing higher mandates and/or larger tax/penalty. The ACA isnt ultimately going to make for affordable health care.. it will result in you handing over more and more each year. Want free health care.. head over to Europe and kick out 50% of your income to health care. Sounds like they've got a ton of freedom over there and I hear their economy is roaring. /sarcasm.
Government intervention has created bubbles in the stock market, housing market, tuition market, and have fucked up many other aspects of our economy. If anyone think that the federal government intervening in our medical care isnt going to cause issues they simply are taking a short sighted view on things and need to pay more attention to the repercussion of government "help".