Obamacare 2014 - Precious Metals

Obama and Biden must have accounts here...

 

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you know republicans hate old people right?

 

Especially old people with PM's!

 

Avoiding being banned.

 

Now I think a few of you have taken this thread too far by mentioning a political party. You know, the greedy one that only looks after the wealthy.

 

Freedom to do what, give up the American Dream?

 

I work part-time at a junior college and most of the faculty they have work no more than 49% because if they get to 50% they become elgible for lots of benefits. So is the way of the world.

 

Look who's talking!!! If that's not what's hypocritical I don't know what is.

 

Hypocrite? Nah, I believe in regulated capitalism, if you are smart and work hard, you should reap the benefits – but, everyone should have at least a chance at a minimal American Dream. Much to the “Free Market” enthusiast chagrin, this isn’t a Monopoly game where the winner takes all and everyone else loses, yet that’s what the American people have been handed over the last 30 years. The rich get richer and the poor get poorer.

 

I agree with you on your post directly above.

 

So what will happen to PM prices due to Obamacare...the original question. Not much in my opinion...if you care to know how I formed my opinion, it can be read below.

Obamacare is a program approaching a national healthcare solution. Companies of more than 50 employees must provide healthcare...this will be measured on some variable like a full time equivalent...so part time is not the issue....or pay a penalty to the overall program. The government will create exchanges at state or national level (state's decide) that allow for healthcare selection...kind of like a 401k plan for investments...people self select. Those valuing it will pay a higher premium than those who don't, but all will have the option to have it...with a much lower cost option than today's insurance companies.

So...short term...small companies take a hit...those in the 50-couple hundred....or the majority of companies in the country. Big companies pay the penalty and move on, maybe even benefiting. Smallest companies do as they do today. Individuals (think retiree's as the big group here) will move from a individual/family history/current health type model to a "community" type model where all around them create the "pool" for deciding premiums (even National Provided insurance still has to calculate probabilities to decide premiums)...this will be a massive hit to healthy folks with good family history...especially if they live in a "retiree" centric "community" town/village/city.

Long term...profits are driven out of the industry to keep the lowest premiums low. Health care companies will change their ROI models and research will decrease. Doctors, many of the best of which are motivated by big paychecks, will search for other areas to make a living that has higher paychecks and less risk (look how teachers have gone from pillars of communities to current day where a few altruistic ones are there, but the best teachers don't teach).

So..PM's in this environment....short term...small companies and individuals (those most hit by the change in health care policy) are not publicly traded so many impacts will be "invisible" to the masses. This will result in minimal impact to PM pricing. Long term...the markets will adjust to other industries....and PM prices will follow historical ebb and flow.

There is one prediction for you.

As someone who believes small companies are the life blood to the country and who also believes the US medical innovation has been a great thing to global medicine....I am not a fan of the plan as it will stifle both...one quickly and one over time. I agree that medicine for all is good...but the best medicine would have never been invented if there was not a profit to be made....so the best medicine costs money...and yes, that means the wealthy afford stem cell transplants, cancer treatments, and more that are not available to all....then, when patents are gone, competition ensues, and prices drop...everyone gets to participate. Big bad insurance companies have to contend with this disparity...so a premium of $1,000 per month seems high, until 1 cancer patient uses over $1,000,000 in a year of treatment, meaning about 100 healthy people are required to pay for it. As baby boomers age, the ratio of high probability healthy versus high probability of sick is changing....the insurance companies are adjusting...it is all a game of numbers and mathematics. Over the long haul, the capitalist approach results are better...however, there is a period of time when new things come along, that the wealthy have a consumption advantage...until things mature.

P.S. Since the health care reform has not been launched and there are many issues still being worked out, some of the factoids used above may change between now and launch in 2014.

 

The bottom line is our healthcare system is falling apart and something needs to be done about it. Maybe Obamacare will help but maybe not. One thing it has certainly done is gotten people and politicians to talk about it, that in itself is a good start. Whether PM's will skyrocket in price I don't know. We can guess it will but nobody knows for sure, again all we can do is proceed cautiously.

 

The insurance companies will raise prices while they can but then they will go back down due to Obamacare IMO

Insurance prices were rising anyway, the companies are just using this as an added reason to spike em right now.

Just like oil corps./cartel using any crisis to spike oil prices because they hold all of the power.

but i would guess its bad for the economy short-term thus good for PM.

 

Who cares where pms go?
With this goverments new way of thinking everyone will get something work for it or not.

 

Ok, back on subject, stop the political remarks .

COST OF HEATH CARE --> EFFECT on PM

 

Original question - does anyone know of articles projecting effect of Obamacare on stocks/bonds/pm in 2014? I don't have an opinion yet, looking for more information.

 

PMs are dead money unless something unexpected happens.
Everything was supposed to collapse by now, but we're still going.
Less easing, sluggish economy, higher taxes, less disposible income - not too great for precious metals. Sorry.

 

Zero, zip, nada, none. It's totally uncorrelated, unrelated... EXCEPT for the fact that 'health care costs' (spiralling outta control!) will indicate the medium-term collapse of our present socio-economic system. That's not to support the OP's premise of Causation for any anticipated & coincident 2016-22 Dollar Collapse either. This OP was a political fig-leaf, nothing else.

Why do some people imagine that insurance prices would fall? NO, the Massachusetts case (Romneycare) proved otherwise, our PRIVATE healthcare costs exploded! Confused why?

Edited~ political opinion.

Really - are you adults not understanding how things actually work in the USA??? "Corporations are {extra-wealthy} people, too!" and insurance companies are the bedrock of all financial services in this system. YOU WILL PAY MORE because they demand it.

Americans' declining standard-of-living/ impoverishment will have ZERO effect on global bullion prices over time, folks. (But US coin collections value will plummet, YES.)

No this is not the future I want but so what?! Can't fight the trend and denial is a loser's game...

 

Just wondering sir why you think with tens of thousands of additional costs potentially per policy they legally now have to cover, (psych treatment, braces, etc), why would you think policies will go down?

The insurers are not crying wolf. This "reform" has made health insurance DRAMATICALLY more expensive to provide than ever before. Those are simply the facts on the surface, plain to see.

 

This was a thread that was doomed to extinction, not because of the subject, which could have been discussed in economic ways WITHOUT the political comments and ranting. I can see it won't get better, so I am closing it.There are some good posts within it, but too much of the other. My apologies to the better posts.