As I read comments from constituents on Rep. John Ratcliffe’s facebook, I can easily understand why many younger people want it: they don’t have to pay for it until they have a pre-existing condition or another serious malady, somewhat like a parachute whereby you wait until you are in free fall before pulling the rip cord.
My formative years were in a single-parent household of my mother and two sisters. There was neither Medicaid nor ObamaCare.
By the time I left my hometown of Palacios I had experienced an appendectomy, tonsillectomy, serious injury from a car wreck, nails through feet, respiratory problems, broken bones, and a near-death experience from a knife attack by a thug. The doctors and the hospital were paid in full.
For most of ten years, we lived in what today would be described as poverty. So, how was it mom was able to pay doctor and hospital bills? Easy answer: paying for Blue Cross and Blue Shield insurance was a top priority.
Allow me to simplify. Throughout my first 18 years of life in Palacios, Texas, mom was a responsible parent. She paid for quality insurance coverage.
While undergoing physical therapy here in Rockwall, a young PT remarked to me she how she struggles to pay down her credit card debt. Minutes later she remarked about flying back from a vacation in Mexico. Am I alone? Does anyone see how she and millions of our fellow Americans shirk personal responsibility then expect some government to pick up the tab?
The Affordable Care Act (aka ObamaCare) actually made health insurance Unaffordable for most Americans. Yes, there are a few who enjoyed immediate benefits due to catastrophic illness or pre-existing conditions.
When government controls prices and overrides free markets EVERYTHING UNDER GOVERNMENT CONTROL BECOMES MORE COSTLY.
Government control of prices disrupts the free market. Capital flees to where it can get a good return on investments. Fiona M. Scott Morton, writing for the Cato Institute, says, “The determining of market prices through the dynamic interaction of supply and demand is the basic building block of economics.“
Insurers gleefully supported the ACA thinking the law would compel more people to do the responsible thing and buy health insurance, but that did not happen. Insurance funds are pools of money initially seeded by capitalists, subsequently grown through contributions by the insured whose payments are basically based on two things: risk factors (the likelihood of outlays to cover insured’s medical expenses) and expectations of investors for a good return on their investments.
ObamaCare grossly undermined the insurance industry and insurers willingly supported the Affordable Care Act expecting great returns on investments while wholly ignoring the obvious risks.
What’s a citizen to do? Take personal responsibility and buy your own insurance. Also, tell your congressional delegation you want a full repeal of ObamaCare.
Those of you who expect your fellow taxpayers to pick up the tab willfully ignore the reality of government indebtedness. As of 2/23/2017 at 5:00 am, total federal government debt was in excess of $66 trillion dollars or $206,289 per citizen.
Eventually, we run out of other peoples’ money and everything comes to a halt. Period.
God has mercifully raised up a type of Cyrus (Isaiah 45:1-6), someone prophets call the “human wrecking ball”, a man who actually understands the fundamentals of economics.
If you prefer to ignore the truth and demand more free stuff, you have chosen poorly.
Soli Deo Gloria