Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • How We Are Different
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • Your Survival Guy
  • The Great Reset
  • COVID-19
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • The Swiss Way
  • Dick Young
  • Debbie Young
  • Key West
  • Paris
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Your Health
  • Ron Paul
  • Bank Credit & Money
  • Dick Young’s Safe America
  • Your Survival Guy’s Super States
  • Critical Race Theory
  • NNT & Cholesterol
  • Work to Make Money/Invest to Save Money

ObamaCare—87% Receive Taxpayer Subsidies

June 24, 2015 By Debbie Young

The problem with ObamaCare—a problem its supporters don’t address—is that it fixes no problem in our health-care system. Instead, it subsidizes more people to consume health care at taxpayer expense. As the WSJ’s Holman W. Jenkins points out, of the eight million people who have signed up for ObamaCare, 87% are receiving taxpayer subsidies.

The pending decision in King vs. Burwell is a lethal threat to ObamaCare, writes Mr. Jenkins, in that it argues that the IRS is illegally misreading the law to grant subsidies to 6.7 enrollees in federal exchanges known as HealthCare.gov.

King is a threat to ObamaCare because, without subsidies, ObamaCare is nothing. It fixes no problem in our health-care system, except to subsidize more people to consume health care at taxpayer expense.

Subsidies aren’t always undesirable: They help some people get necessary care. But they do the most good when used sparingly, because subsidies also tend to inflate prices for everyone and encourage inefficient consumption that doesn’t improve health and may even endanger health.

ObamaCare, for all its flaws, could become the instrument by which responsible reformers renew their push for health care that delivers value for money. In the meantime, however, no worthwhile thoughts about ObamaCare, pro or con, are to be heard from people who count a program as a success just because Americans enjoy receiving benefits at the expense of other Americans.

Read more from Holman Jenkins here.

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • $2 Trillion in Taxpayer Spending—for What?
  • ObamaCare's House of Cards
  • An Obamacare Mea Culpa
  • Author
  • Recent Posts
Debbie Young
Debbie, editor-in-chief of Richardcyoung.com, has been associate editor of Dick Young’s investment strategy reports for over three decades. When not in Key West, Debbie spends her free time researching and writing in and about Paris and Burgundy, France, cooking on her AGA Cooker, driving her Porsche Boxter S through Vermont and Maine, and practicing yoga.
Latest posts by Debbie Young (see all)
  • President Joe Biden’s Good Question - May 25, 2022
  • Biden IGNORES Americans’ Pain at the Pump, Touts “Green Transition” - May 24, 2022
  • Our Daily Bread Threatened? - May 23, 2022

Dick Young’s Must Reads

  • We’ll Burn the Place Down!
  • Your Odds with Statins: 500 to 1?
  • Is Rutin Useful in Preventing Blood Clots?
  • My Battle-Hardened Stock Market Strategy for the Worst of Times
  • Joel Salatin and Alfie Oakes, America’s Food Kings
  • Warning! Your Survival Guy’s on a Boil Water Advisory
  • To Me There Isn’t a Better Way to Live
  • TOP HEAVY: Focus on Big Indexing Could Cause Market Chaos
  • Biden Wants to Gut the Tax Benefit of 401K Plans
  • V4 Stands Against North African and Middle Eastern Invasion

Disclosure

RSS Youngresearch.com

  • Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”
  • China Builds an Anti-Quad Coalition
  • If You Have a Plan, I Believe You’ll Get to Where You Want to Go
  • There Are Tech Companies “Still Dreaming of Boundless Growth”
  • Nowadays, Everyone Is Getting Some Dividend Religion
  • How Can the Fed Prevent Stagflation?
  • How to Avoid the Restrictions of a Target Date Fund
  • Now You Can Own Your Vacation and It Doesn’t Have to Be a Time Share
  • Watch Out for Your Worst Enemy
  • Big Banks Adopting Blockchain for Short-Term Trading

KRISTALLNACHT: How Well Intentioned Gun Registries Become Tools of Evil

Your Survival Guy: “Life on Main Street Hasn’t Been This Hard in a While”

Is America About to Lose Its Investments in Colombia?

POWER MOVE? Did Viktor Orban Just Seize Control of Hungary?

Americans Are Abandoning ESPN and Woke Professional Sports Leagues

If You Have a Plan, I Believe You’ll Get to Where You Want to Go

Copyright © 2022 | Terms & Conditions | About Us | Dick Young | Archives