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The medium-term objective of ObozoCare is to eliminate health insurance companies and self-insured plans. Won't be too hard to do, and when it's done, the only "insurer" remaining will be the FedGov.
Hey, if you like the Post Office....
Anyhoo, that's not the only game of Monopoly being played by the Obozo Cabal.
President Obama’s Consumer Financial Protection Board, led by a ‘recess appointee’ installed when the Senate was actually in session, has blocked 150,000 jobs and made it difficult for lower-income Americans to access credit, according to a new House report.
... “Already, according to estimates, the CFPB has increased the cost of consumer credit by a total of $17 billion and depressed job creation by about 150,000 jobs.”
The report explains that Dodd-Frank rules, which the CFBP develops and implements, are making it difficult for small business owners to borrow money needed for their companies.
“Access to traditional credit sources has become increasingly strained for many small businesses owners,” the report explains. “[A]s a result of the Credit Card Accountability Responsibility and Disclosure Act of 2009 (the Card Act),20 which the CFPB is in charge of implementing, interest rate spreads for credit card loans have increased, making it more difficult for eligible borrowers to access the capital they need for their businesses.”...
Well, financing a biz on your MasterCard isn't the best idea anyway. But wait, there's more!!
...mortgage lending has dropped and new regulations are causing small banks and lenders to close. “In addition, small lenders and community bankers are especially overwhelmed by the onslaught of ‘red tape,’” according to the Committee. “As the regulatory requirements of the Dodd-Frank Act continue to be implemented, more and more small banks are closing or being sold to large competitors.”
Pretty soon the only remaining small-biz lender will be the SBA.
*Shock*
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