The Likely Future Path: You Were Warned

by Karl Denninger

Back when Obama passed Obummercare as many call it, or the “PPACA” formally, I warned that this was nothing more than a bailout of an about-to-collapse medical monopoly system, and that the impact of this on a forward basis was to simply kick a can that was increasingly being filled with cement and eventually someone would stuff some nitroglycerine in there.

The other funny thing about Obummercare was the repeated claims that it worked. Well, define “worked” please. The simplest objective evidence of “worked” would be that the death rate per 100,000 people went down. Did it?

Why no, it did not.

In fact the crude death rate per 100,000, according to the CDC, was declining from 1999 to 2009; it fell from 857.0 to 794.5. In other words objectively measured Americans were doing better in the 10 years before Obama passed his “big bill.”

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