October 9, 2013
Obama's Decision To Ignore Citizens, Greatest Danger to Nation
[From article]
To summarize the above discussion: If nations were cataloged according to their regulatory systems, the distinguishing characteristic of systems of Western nations who celebrate freedom and prosperity are those dependent of the magic of feedback control. On the other hand, in the Old World where poverty runs rampant and freedom is alien, Open Systems dominate, where the primary agenda is to prop up the potentate with little regard to the civil rights of the people.
One of the worst cockamamie Open System plan to come down the pike in decades is ObamaCare, a utopian plan to provide “one-size-fits-all” healthcare to every citizen. This is a throwback to an old world ruled by monarchs. It is a sad commentary on the intellectual levels of our lawmakers that such an abysmal law was even allowed come up for a vote. The so-called “Death Spiral” is the most conspicuous failure of the plan, though there are many others.
A snapshot of the Death Spiral is as follows: as employees shd their full-time employees and replace with part-time workers in order to dodge the ObamaCare requirement of providing healthcare for all full-time workers, tens of thousands of workers are having their work-week cut from 40 hours to 30 hours. This harms the young and healthy the most because even with subsidies the loss of income hurts their ability to pay for medical care. The risk is that these workers are likely to drop out of the health-care system altogether and accept the $95 penalty the act imposes. With younger workers leaving the insurance market, leaving only the older and less healthy workers, insurance companies will raise premiums to stay in business. As premiums climb, more and more people on the margin will choose to drop their coverage causing the system to spin out of control. Hence a death spiral will be set in motion.
ObamaCare is far from a fix for an ailing old healthcare system. ObamaCare is an epistemological nightmare.
http://crossville-chronicle.com/opinion/x1836130138/Stumptalk-The-Magic-of-Feedback-Control
Stumptalk: The Magic of Feedback Control
By Phil Billington
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment