Why Obamacare Is Such A Failure – Premiums Skyrocket As Government Monopolizes Healthcare
Josh Sigurdson talks with author and economic analyst John Sneisen about The Affordable Care Act (Obamacare) as the forecast by those who’ve been standing up against Obamacare for years is being vindicated. Despite Obama and Hillary Clinton claiming for years that Obamacare will cause premiums/prices to go down, the very opposite is currently happening as the premiums skyrocket and cause massive headaches throughout the United States.
While Hillary Clinton claims she’d update The Affordable Care Act to fit into Canada’s healthcare blueprint, Josh and John go into how our good intentions are causing the problems we’re striving to solve. It’s the regular Hegelian Dialectic of “problem, reaction, solution and repeat”.
The more government handles healthcare, the less competition to create the next great medicines and keep prices down. This market manipulation causes inflation on medicines which perpetuates spending while creating monopolies between a small few pharmaceutical companies as well as insurance companies. With free markets and without these monopolies, we would see huge deflation in pricing for not just medicine but for medical necessities including different kinds of treatments and surgical procedures. With real competition, companies would do whatever they could to innovate the best and price the lowest. This is an often misunderstood side of the argument as so many on the left believe that in fact the competition itself will create monopolies despite the stupidity a company would have to possess to price higher and innovate less.
Then, aside from that, without being extorted, people can create community pools for healthcare needs among the poor that has worked in the past and would work in the future, especially with dramatically lower prices.
Josh and John break all of this down and more! Stay tuned for more from WAM!
Video edited by Josh Sigurdson
John Thore Stub Sneisen
Graphics by Bryan Foerster and Josh Sigurdson
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