Beginning on January 1, 2013, American health insurance companies will be forced to provide a variety of health services for women absolutely free of charge. They include birth control, breast-feeding supplies, "wellness" visits to doctors, and counseling about a variety of things.
There will be no co-pay or deductibles. Those services will be picked up entirely by the insurance companies to the tune of billions of dollars every year. Of course, the enormous cost will be passed along to consumers, as health insurance premiums will rise big time. Self-insured individuals and businesses will pay a lot more for coverage.
Because of the increased overhead, companies will be less likely to hire new employees, and those they do hire will likely be paid less because they'll receive more medical benefits. Thus, unemployment will probably stay high, and take-home pay will remain stagnant.
On paper, it looks great that American women will get preventative medical services free. Liberals love that. But if you want to grow the economy, increasing the cost of doing business is not exactly a great strategy.
Our capitalistic system is now being handcuffed by ideology—a huge co-pay for the American people.
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