Obamacare “Death Spiral” Warned Could Collapse Global Economy By February

Via Timothy

 

A stunning Ministry of Finance (MoF) report released today on the global impact of the recently implemented Affordable Care Act (ACA) [otherwise known as Obamacare] in the United States is warning that this new law is now in a “death spiral” which could, by February 2014, collapse the entire world’s economic system as the US Federal Reserve would not be able to bail out its European Union (EU) counterpart central banks as it had done with the over $80 billion in secret loans given to them after the 2007-2008 financial crisis due to this laws “massive failure.”

According to this report, Obamacare was enacted to increase the quality and affordability of US health insurance, lower the uninsured rate by expanding public and private insurance coverage, and reduce the costs of healthcare for individuals and the government in an area which encompasses nearly 20% of the entire American gross domestic product (GDP).

What Obamacare has, instead, accomplished, this report says, is an unprecedented soaring in price of US health insurance, the dumping by American insurance companies of hundreds of thousands of previously insured people, and the skyrocketing of healthcare costs for everyone.

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