“Balloon mortgage”

William Jacobson reduced Obamacare-back-from-the-dead into two words.

Put aside all the other criticisms, one thing becomes clear: The plan does nothing to control health care costs, and everything to increase those costs.

There are no market mechanisms to encourage consumers to price shop or to introduce price competition into the health care industry.

To the contrary, the plan continues the trend towards divorcing consumers from price decisions as to services and products; there also is no incentive to decrease demand because a large percentage of the population will receive government subsidies.

Yet because of the new insurance price control mechanism, the private insurance system will not be allowed to recoup the costs of such coverage.

This is a balloon which must burst, and it will several years down the road.

Read the rest.

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