Thursday, November 07, 2013

Obamacare is hugely deflationary.

All of my deflationary indicators are flashing bright red. When gas started tumbling I started feeling nervous. We had a pretty big build. It wasn't a 2009 level build where it wasn't uncommon to have 8.9 million barrels. Still. While everyone is bitching about the website and the administration, I only hear the sounds of ice cracking.

All of this disruption isn't costless. And right before Christmas no less. I think Ocare is going to be a massive shock to the system. People are pretty private about their health care choices. This creates a massive unknown that people are unable to react to.

4 comments:

Anonymous said...

A $50 fine is peanuts, PMBcare won't really start hurting for a few years. Df

she said: said...

It's not the fines. It's the higher deductibles and rates. That cuts now. Not to mention employer sponsored plans are going to be taxed at 40% in a couple of years. Yes. That's right. 40%

Anonymous said...

Fuck. I hadn't heard about that 40% crap. Last year, my employer's share for the Magpies' healthcare was almost $18K. I shudder to think what it's going to be in a couple of years, especially since my monthly costs went up 24% last January, and are increasing by another 42% next year. This is getting more awful beyond my wildest nightmares. :(

PM

she said: said...

Is he using 18 grand a year?