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What Obama Care is really all about

Why it will end very badly


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Karl Denninger lays it out


I don't think 1 out of 10,000 people understand what Obama Care is all about.

It is NOT "free health insurance" or even "low cost health insurance."

It's a massive bailout package for one of the most corrupt industries in the US, the so called "health care" industry.

The myth that America has the best health care in the world is total and utter nonsense.

What is does have is the most expensive, monopolistic and inhuman health care system in the world.

Forget the inarticulate ravings of the Republicans.

Obama Care is going to fail for a simple reason: The math is insane and the whole thing is going to end up massively screwing consumers, undermining the entire insurance industry, and perhaps sinking what's left of the shaky US economy.

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