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…..