Monday, February 17, 2014

How ObamaCare Redistributes Wealth

Here is my answer to a correspondent who asked how ObamaCare redistributes wealth:

ObamaCare redistributes wealth in 2 ways; direct taxpayer subsidies on the “market” exchanges, and indirectly through forcing higher insurance premiums by mandating (forcing) some individuals to buy coverage they don’t want or need so that others can get “free” healthcare (e.g., the contraceptive mandate). The indirect method is socialism through the back door, whereby privately owned businesses are forced into being a conduit for wealth redistribution government policies—in [other] words, fascist wizardry.

Related Reading:

ObamaCare: "What the hell kind of reform is this?"—Ari Armstrong

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