Obamacare's Gruesome Fiscal Logic

According to President Obama, "health care is the single most important thing we can do for America's long-term fiscal health."  In a gruesome way, he is right. The explosion in entitlement caused debt is the greatest challenge facing the United States, and its origins lie in the retirement of "baby boomers" and a shrinking tax base due to expanding unemployment, which is itself due in part to the excessive debt monetization and taxation required to pay for the current retirees.  Assuming President Obama is correct, how does (un)affordable healthcare solve the problem? The ACA is a hideously complicated circus of statutory and regulatory rules.  The ACA was itself 2409 pages long (granted, double spaced with 1.5 inch margins), and the associated regulatory documents tally somewhere between 5,000 and 40,000 pages, depending on how you count them up.  Many tens, perhaps hundreds of millions of people will lose their health insurance due to rules and regulations...(Read Full Article)

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