Welcome to Weimarcare

A woman during the Weimar Republic, Germany, using money to heat her stove. Inflation during 1923 peaked at an annualized rate of 23,000%.

A woman during the Weimar Republic, using money to heat her stove.

Welcome to the era of Weimarcare insurance. Back in the 1920s, Germany debased its currency to the point that the bank notes became essentially worthless. Eventually no one would take them. Now in America, Obamacare has morphed into Weimarcare, as an exploding number of health professionals will refuse to take patients with third-class, subsidized Obamacare insurance.

In my own experience, by example, three of the health professionals I work with take cash only. A fourth takes some private insurance, but no Medicare or Medicaid. Scant few Weimarcare patients will see the light of day in these offices. And now with the Supreme Court ruling, a wave of additional health professionals will hang out the “closed” sign to Weimarcare insurance policy holders.

So yes, welcome to the era of Weimarcare insurance. As the stark reality of Weimarcare takes hold, Americans will learn that it is one thing to have an insurance policy and quite another to find top-flight health-care professionals who will take it.

50-million mark banknote issued in 1923, worth approximately one US dollar when issued. Nine years earlier, 50 million marks would have been worth approximately 12 million US dollars. Within a few weeks, inflation made the banknote practically worthless.

50M mark banknote issued in 1923, worth approximately one US$ when issued. Nine years earlier, 50M marks would have been worth approximately 12M US$. Within a few weeks, inflation made the banknote practically worthless.