ObamaCare: Another Way to Redistribute Income and Wealth

By:  Ralph R. Reiland
06/28/2011
       
ObamaCare: Another Way to Redistribute Income and Wealth

"Under the pretext of 'equalizing burdens' and preventing 'salary discrimination,' Obamacare mandates that insurance premiums must be based on the policyholder's income level — forget the objective value of the services covered or the health liability of the individual insured," reports Richard Ralston, executive director of Americans for Free Choice in Medicine. "But since the actuarial nature of insurance and the realities of long-term cost management cannot be ignored, the effect is that those with above-average incomes will be subjected to inflated premiums relative to costs."

In other words, ObamaCare is just another way for President Obama to achieve his goal of redistributing income and wealth. As candidate Obama, seeking to justify his redistributionist proposals for higher levels of government confiscation of higher incomes, made clear in 2008 to plumber Joe Wurzelbacher, "I think when you spread the wealth around, it's good for everyone."

"Under the pretext of 'equalizing burdens' and preventing 'salary discrimination,' Obamacare mandates that insurance premiums must be based on the policyholder's income level — forget the objective value of the services covered or the health liability of the individual insured," reports Richard Ralston, executive director of Americans for Free Choice in Medicine. "But since the actuarial nature of insurance and the realities of long-term cost management cannot be ignored, the effect is that those with above-average incomes will be subjected to inflated premiums relative to costs."

In other words, ObamaCare is just another way for President Obama to achieve his goal of redistributing income and wealth. As candidate Obama, seeking to justify his redistributionist proposals for higher levels of government confiscation of higher incomes, made clear in 2008 to plumber Joe Wurzelbacher, "I think when you spread the wealth around, it's good for everyone."

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