Economy Reaction To Obama Reelection Update

Obama won his re-election and what was easy to predict for years is coming to fruition: labor cutbacks directly attributed to Obamacare.

The health care overhaul and nationalizing takeover will go into full effect as a result of Obama winning the White House in 2008. While repeal was a very remote possibility had Romney won (people believing either way that the election would have a direct say in repeal or not were easily fooled and undereducated on how the system works), there was a chance of delay or having court challenges to the bill not be defended against by the Romney administration.

But Obama won. There is not any chance of any delay or partial defeat of the onerous and freedom-hating bill being implemented. At least the guess work is gone...it will happen. It already is happening.

Business are laying people off. Businesses are reducing full time equivalents and cutting hours. This was all predicted and I imagine the only ones who are surprised are the Obamacare supporters who don't run their own business that have employees to provide health care for. Business owners should not be surprised that many companies are finding it necessary for survival to reduce their workforce and reduce their employees' hours. People against Obamacare are not surprised by the reaction.

The latest in the line is Wal-Mart having to increase the employee share of the group health premium.

Wal-Mart Stores increased the share employees pay for its medical coverage programs 8% to 36%, depending on hours worked and pay, saying it expects health costs to continue rising.

Like other large employers, Wal-Mart is trying to manage costs while at the same time preparing to meet strict rules mandated in President Obama's health care overhaul, commonly called ObamaCare.

Don't undersell the significance of this.

Wal-Mart, the world's largest private employer with some 1.4 million employees globally, said in a mailing to employees that for its most popular plan, which covers individuals, the bi-weekly paycheck deduction would increase 13% to 23%, or $2 to $11 per paycheck.

That is the world's largest private employer responding to such drastic measures (increasing employees share of costs to up to 36%) as the initial response.

Nearly two-thirds of Wal-Mart's employees sign up to cover only themselves.

But the company said because of offsetting cost reduction moves the average rate employees pay will only rise about 4.4% in 2013, vs. an estimated 9% average increase for all U.S. workers, according to human resources firm Aon Hewitt.

The new law also mandates that parents ensure coverage for their kids well into their 20's. This will result in a lot of parents being forced to add their deadbeat children onto their health plans. The stat of 2/3 of Wal-Mart employees covering only themselves will drop. More employees will have family coverage which costs more. If it costs more to the company it will cost more to the employees in both premiums, slower wage increases (already 1/2 of the national average) and in hours reductions (meaning even more people will be dropped to below hours requirements that will give them benefits).

Welcome To Socialized Medicine

There is no question that Obamacare is a giant step towards socialized or state-controlled medicine. Proponents think that this will be the first program run by the federal government that is run well or that is even not a failure. They also feel that our entire healthcare system's viability is less important than the steps towards a socialist or communist or Marxist nation are and therefore such a large step towards that end is acceptable even at the risk of serious threats to individual safety.

Well, this is one of the destinations that the Obamacare train is heading towards.

Payments to hospitals for putting people "on the path to death".

At many hospitals more than 50 per cent of all patients who died had been placed on the pathway [towards death] and in one case the proportion of forseeable deaths on the pathway was almost nine out of 10.

90% of the deaths in one hospital were intentionally killed. Why? So they could get money from trusts tha provide funding for hospitals that hit "pathway to death" targets.

According to responses from a sample of 72 trusts, at least £12.4 million has been paid out in the past two to three years to trusts which hit targets associated with use of the care pathway. But the full figure could be more than £20 million.

And to think that when (not if) we reach that point that we would be different is to be kidding yourself pretty badly. Sure, I know, we would have laws and regulations. We have campaign finance laws that we don't make Presidential candidates follow. We have traffic laws that most people regularly ignore. Wall St, pshh-shaw, they are chock full of insider trading laws and that is still a problem.

Besides, the Brits have standards to follow regarding the Pathway To Death and look how that is working out.

Protocols say that doctors should consult the patient, if possible, and their families.

But the system has been mired in controversy amid claims that it can actively hasten death.

A series of cases have also come to light in which family members said they were not consulted or even informed when food and fluids were withheld from their loved-ones.

In some instances patients placed on the pathway because doctors judged that they were nearing the end of their life went on to recover.

And think about the decision tree administrators face. Millions and millions of dollars of funding if we put this patient on the Road To The Grave (we would have a different name, right?). But the family might say No. Let's notify them late, backdate the letter and blame it in the Postal Service.

It is a philosophy of health that would make me want to know how close to the fiscal year end a hospital is before I decide on leaving a loved on in one hospital over another one. Or if they all become state run then we all would want to make sure we are not in the hospitals during August or September (the final months of the federal fiscal year).

Congratulations socialists shoving Obamacare through. Here is a glimpse into what we have to look forward to. Hope you enjoy it. And Karma being the way it is, wouldn't it be ironic if most supporters have to deal with the failures to be notified? Wouldn't it be poetic justice if the strictly financially motivated decisions hit the Obamacare pushers right in the face.

All that could be said at that point is, "Be happy, you got the system you asked for."