The truth about Obamacare

If you think you might have to go to the doctor, you better do it now. Amid drooping approval ratings, Comrade Obama is in a panic to ram through the catastrophic healthcare plan before Congress's summer recess.

But the good news is that the bad news about so-called Obamacare is starting to spread. And since most media outlets are likely to pass over the hideous details of this plan in favor of more Michael Jackson coverage, I wanted to be sure to give you the straight talk on this complete mess of an idea.

Thankfully, even Democrats are uneasy about the trillion-dollar entitlement program that's masquerading as "universal coverage." Typical of an Obama bill, the devil is in the details - and those details are well hidden inside the more than one thousand pages of this bill.

The bottom line is that Obama's health care "reform" will look to create a U.S. government run health insurance program that will function as a direct competitor to private insurance plans.

This program will legally turn health care coverage into a right rather than a privilege - or even an option, since anyone opting not to carry any health insurance will have to pay a penalty (read: tax) of 2.5 percent of their gross income.

And all without one of those pesky Constitutional amendments…

Of course, to the uninformed (and let's face it: as a Daily Dose reader, you're in the sadly small minority of Americans who know or care what's going on), the idea of "universal coverage" sounds like a wonderful idea. And many people wrongly assume that this means the government will be picking up the tab for your healthcare. But nothing could be further from the truth.

In fact, Obamacare is the ultimate example of the adage, "there's no such thing as a free lunch."

You don't have to look very far to find real world examples that explode the myths about universal coverage. Obama is pushing the idea that this will eventually save people money and control medical costs. But if you look at countries with government-run healthcare like France, Germany, England and Canada, it's easy to see that this isn't the case. These countries all have tax rates that most Americans would find abominable - and these high taxes are in place to support the socialized health system.

With Obamacare, higher taxes are a virtual certainty. And while lots of people like to believe that these taxes will only impact "the rich," they should realize that the so-called "rich" are usually their employers. Small businesses employ most of the people in the U.S., and under Obamacare, tiny companies with as few as five employees would be required to pay a penalty (read: tax) of a whopping eight percent of their income unless they supply their employees' healthcare insurance.

But healthcare is expensive. So many employers will be unable to shoulder such a huge financial burden. So the result will naturally be that, rather than hiring more employees, they will actually prefer to cut staff - which means that there will be fewer jobs.