It is routinely said that the
Affordable Care Act, commonly known as ObamaCare, is a takeover of one sixth of
the U.S. economy. That’s true enough, but those who think that ObamaCare will only
affect one sixth of the economy are in for a rude awakening.
By this, we are not talking
about the various social regulations on smoking, drinking, trans-fats or sweets
that may come along with the new health care regime — though that may well
happen. What no one is yet talking
about is the fact that the insurance industry is a major player in the
capitalization markets in the United States; and ObamaCare significantly
changes the way health care is insured in this country.
What happens if trillions of
dollars of private investment capital suddenly disappears from banks, lending
institutions and investment markets in this already fragile economy?......To Read More…..
No comments:
Post a Comment