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 enforced under the ACA, rather  than any overt clause within the ACA itself.  The cost of insurance is also  skyrocketing, again due to rules.  Keep this in mind: if President Obama  wanted, he could order the Secretary of Health and Human Services to change  those rules, and people could obtain almost any type of insurance plan they  wanted, paying an appropriate price for their coverage.

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