Socialization of Obamacare

This following article http://mises.org/daily/4275 is lengthy but it certainly is thought-provoking and on target for where Obamacare is taking us. One of the excerpts is as follows:

Scant attention is being paid to the fact that governmentalized medicine performs in one of two ways: it provides either too little or too much. It does not fulfill its function of caring for the sick if the care is restricted by bureaucratism and by high costs (contributions and deductibles) to the beneficiary. In that case, "too little" is given from the point of view of the needy who again might have to fall back on charity.


"Too much" is the real danger. Artificial cheapening of the medical services invites an excessive consumer demand, which the available means — doctors, nurses, hospitals, etc. — can not satisfy. That, in turn, not only tends to reduce the quality of sickness care to the point where it ceases to be meaningful, but also creates a disequilibrium in the distribution of national resources.


The consequences are manifold; they add up to a significant unbalancing factor in the economic system.


This unbalancing of the economic system is what is most worrisome in the long run.