Supply and demand, the economic certainty that when demand increases, a fixed supply will increase in cost. Noone disputes that simple economic principle, not even the most liberal economists. 30 million people have been added to the health insurance pool. Worse yet, those people that are subsidized see it as a free entitlement and will abuse it - going to the doctor for a splinter or a sniffle and clogging the system. The number of medical professionals meanwhile has not changed. Ergo, the cost is skyrocketing:
<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/h9ly_eBIcSE?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/h9ly_eBIcSE?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>
Here's our own US Rep Thaddeus McCotter on the supply/demand of ObamaCare:<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/UZMHY8caAU4?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/UZMHY8caAU4?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
More from McCotter recently and specifically on the 112th Congress:<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/alWcjkeQgbI?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/alWcjkeQgbI?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/E9IylGWEoTI?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/E9IylGWEoTI?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
<object width="480" height="385"><param name="movie" value="http://www.youtube.com/v/W51yP5hc0iQ?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/W51yP5hc0iQ?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="480" height="385"></embed></object>
And more on economics 101 with Thomas Sowell:<object width="640" height="385"><param name="movie" value="http://www.youtube.com/v/kJKOwYvvonA?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b"></param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="http://www.youtube.com/v/kJKOwYvvonA?fs=1&hl=en_US&color1=0x5d1719&color2=0xcd311b" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="640" height="385"></embed></object>
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