What is more, how is adding 30 million people to the health care system without adding doctors, nurses and hospitals going to bring down the price of health care?
What Obamacare does is increase demand, while doing nothing to raise supply. How is the price of health care supposed to go down?
It’s about like the open-borders lobby on the subject of household incomes. Household incomes in the US have stagnated for 10+ years now. How is adding a huge new supply of cheap labor going to increase wages, and therefore household incomes?
Or arranging for many more kids to enter college. The government arranges for millions more kids to enter colleges, no increase in faculty or colleges, and the price is supposed to come down how?
On and on and on. There’s a whole lot of people in DC, both conservative and liberal, who are peddling very large-scale, yet very simple economic assumptions that cannot possibly be true. In all cases, they’re ignoring large scale applications of supply and demand.
In health care, they’re all assuming that doing something to permit demand to go up will result in prices going down. That’s not how supply and demand work.
In labor markets, the open-borders lobby is campaigning for huge influxes of labor, while peddling the lie that this flood of labor (supply) won’t result in prices going down in a job market where demand (new jobs) isn’t increasing.
OCare increases the number of people who have health insurance, but doesn’t increase the demand for health care all that much for two reasons.
1. The belief that the uninsured weren’t getting health care is wrong.
2. The co-pays built into the approved plans will limit casual usage.
Mostly what OCare is about is redistribution.