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09 November 2010

more about new health care law

This morning I read an excellent article on the effects of the recently enacted Patient Protection and Affordable Care Act, also known as "Obamacare".

You can find it here: http://www.investorsinsight.com/blogs/john_mauldins_outside_the_box/archive/2010/11/08/the-effects-of-obamacare.aspx

After reading it and learning more about the new law, I find my previous strong support of this legislation was naive. Yes, it does some great things: eliminates pre-existing conditions as a valid reason to deny health insurance, eliminates lifetime maximum benefit limits, expands health insurance coverage to more people, and attempts to reduce overall health care costs. However, the positive effects appear to be offset by more negative ones than I expected.

Inevitably, every article has a bias to support the points intended by the author, and this one does, too, but the factual data and arguments are persuasive. Please read the article and make your own judgment.

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