Wait . . . what? Wages aren’t rising because of soaring Obamacare costs?

Photo above - guess who is subsidizing whose healthcare premiums?

This never would have occurred to me in a hundred years. The Affordable Care Act is sucking so much money out of the US economy that wages aren’t keeping up with inflation. This, at least, is theory of the National Bureau of Economic Research . . . a progressive tax-exempt think tank. See link below.

I already had several beefs with Obamacare, before I even read the claim that it’s holding down our wages. First of all, the website alone cost HALF A BILLION DOLLARS to code, and it kept failing for weeks. The website job was awarded on a no-bid contract to a Canadian company which coincidentally happened to be fronted by one of Michelle Obama’s old college roommates. But more importantly, the basic math of Obamacare is wrong. The young pay more in monthly premiums than their mortality rates justify. And those high premiums subsidize healthcare for the elderly.

In case you’re not familiar with generational wealth, boomers and retirees have all the money. Burger flippers, baristas, and day care workers? Not so much. The young and poor subsidize the rich when it comes to healthcare. This is really true, you can look it up.

The odds of a 22 year old barista needing hundreds of thousands of dollars in cancer treatment or heart surgery are absurdly low. The odds that someone over 65 will need expensive medical intervention to keep them going for the final year of life is absurdly high. That final year is typically the highest medical expense in any average person's lifetime.

Okay, so we not only have to subsidize the people with all the houses, pensions and 401Ks, we have wage stagnation because healthcare is rising MUCH faster than inflation. If you doubt this is true, try and have a baby. Or check out this link:

~The~ ~average cost for a night's stay in the hospital~ ~varies depending on insurance coverage. Recent statistics show that the price of a one-night hospital stay is around $13,600 with Medicare, $9,800 with Medicaid, $10,900 with private insurance, and $9,300 without insurance~~1~

See what I mean? We can’t buy houses, we can’t pay off the student loans for our worthless degrees, and now we’re paying $10,000 a night to keep retirees on life support. Next, the government will probably dream up a law where my car insurance costs don’t relate in ANY way to my own driving record, and force me to subsidize speeders, habitual drunken drivers, and 20-something guys in 600 horsepower Dodge Chargers roaring around my neighborhood at 2am with no muffler. Our tax dollars are already subsiding expensive electric cars that ordinary people can't afford, provided those cars were assembled by UAW factory workers.

There’s no rationale for cooking up a system where the underclass constantly subsidizes the rich. This only happens because old people vote without fail on every election day. That’s democracy. The squeaky wheel gets the grease. And we get the shaft.

I’m just sayin’ . . .

~Another casualty of soaring health costs: jobs (axios.com)~