Commentary

ObamaCare’s Higher Premiums, Deductibles Act as Massive Wealth Transfers

By Ashton Ellis
Thursday, October 17 2013

With health insurance premiums and deductibles spiraling out of control, ObamaCare is looking more and more like a vehicle for massive wealth redistribution. It hasn’t been a fun two weeks to be Health and Human Services Secretary Kathleen Sebelius. Shoddy work by foreign contractors rendered Healthcare.gov, the federal ObamaCare exchange, mostly inoperable since it went online October 1. Error messages and frequent crashes kept the vast majority of users from even creating an account, much less shop for health insurance. At the state level, the health law’s mix of mandates is forcing…

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