A Comment About

ObamaCare and our Debt Death Spiral

March 28, 2010 - 12:34 am - by Monty Pelerin
qrstuv
2010-03-28 15:32:19

WillDoMath –

In addition to paying for a bunch of bureaucrats, insurance has the added evil of making people think that they cannot afford routine care. This is plain silly. People fork out all kinds of money for cars, houses, vacations, fancy electronics, etc., etc. (until recently, I mean), but have a superstitious notion that a doctor’s visit is beyond the normal means of a middle-class household.

It is nuts.

The lack of transparency also allows the actors in this little drama to pad the costs in all kinds of ways. Rather than employing every consumer to look out for his or her own wallet (something I am good at!), we outsource this to massive bureaucracies. Who, um, also need to be paid.