Thursday, October 17, 2013

Would you like to know what European economists really think?

If you think that European economists are on the same page as Obama on Obamacare think again. Here is one of them and his message is simple: "Obamacare" or Great Socialist Reform of Health Insurance will destroy America financially.
This famous system (Obamacare) will destroy America's financial system - because it has to. If Obama really wanted to do something for the good of Americans, be would de-regulate the medical services market - as Reagan deregulated the aviation. 
Why, today, every American enjoys the right to air travel and not just rich and famous? Is it because the government ordered everyone to fly the airlines and gave them some money for a ticket? Well, no. The government deregulated the market and the prices fell. Now, Americans (and others) can afford to fly.
Compulsory health insurance will lead to higher prices. How could it be otherwise? Despite of the bad experience with forcing banks to grant mortgage loans to any one, even to those who could not re-pay them, Obama is now forcing insurance companies to sell policies even to those who are already ill. 
Some people do not learn from their mistakes.