Friday, June 29, 2012

Bernank Does Obamacare

A license to love, insurance to hold
Melts all your memories and change into gold
His eyes are like angels, his heart is cold
--Sade

From the creators of the famed Ben Bernank. The economic ramifications of Obamacare. So laughably sad.

Here are outcomes we can predict with near certainty:

costs - higher
quality - lower
wait times - longer

A few more likely outcomes I would have added to the skit. Innovation will likely go down as entrepreurial entry into healthcare sectors will be discouraged. Moreover, rather than supply remaining the same as suggested by the skit, it is likely that capacity will leave the system. Given higher demand/lower supply setup, shortages seem v likely.

1 comment:

dgeorge12358 said...

The fundamental problem with health care costs in America is that the doctor-patient relationship has been profoundly altered by third party interference.
~Ron Paul