Obamacare Passed — Welcome to Eurocare
The power to tax is the power to destroy. And the Federal Government has just acquired a bit more destructive power.
One of the consequences of this bill will be vast increases in the cost of health coverage for most Americans — the law requires insurance companies not to discriminate on the basis of pre-existing conditions, which means that they will have to raise the insurance rates to at least the mean average of that previously charged. This will raise most people’s rates, because this will be higher than the previous mode average. (If you don’t know what I just said, look it up under “statistical averages” — most of you will be finding out what it meant come 2014 in your wallets).