This is nothing but over regulation where Biden thinks people are too stupid to figure out stuff for themselves so he wants to put it under government control.
Communism is rearing its ugly head again.
Seriously, if you don’t know going to an out of network doctor is going to cost more then you are an idiot.
This is just about two things: price controls and government paying the bill for you (by printing money to do it).
Price controls never work. They always cause the same thing; shortages. This is true for minimum wage laws (causing a shortage of jobs), maximum gas price laws (what Carter did, causing long gas lines), interest rates (causing a shortage of loans), etc.
Communism doesn't work either. Government can raise money in only one of three ways: tax you for it, borrow it, or 'print' it (creating it out of thick air). Every method involves theft of wealth.
A tax is the taking of wealth by force under threat of gun. If you don't pay it, they will come and take it anyway. If taxes are too high, you get a tax revolt (people flee, people become violently opposed to the government, etc.). This is a tax crash. It ain't pretty.
Borrowing money is theft of wealth. Yes, anyone buying one of these loans gets paid interest for it, but the interest is paid in funny money, due to printing or borrowing the money to pay back the loan. Like living on tick, using one credit card to pay off another. Sooner or later you simply can't borrow any more, and fewer and fewer people are willing to lend it to you. Your credit sucks. you have to pay MORE interest to entice people to loan them money. They don't have it, so they print or borrow money to pay off that. Eventually the result is the same: default. A debt crash. It's happened to numerous governments. The federal government is not immune.
Printing money is theft of wealth. It is money created by fiat. It becomes worth less and less the more they print it. Sooner or later, they must print MORE money to pay for the inflation that caused (the government has to buy stuff too!), making it a self destructive spiral. The government WANTS inflation since it means they can pay off those loans it made with funky money. Printing money at a rate faster than the creation of wealth through capitalism is the direct cause of inflation. Inflation can also occur via shortages (usually through government overregulation and interference), but the direct cause is still printing money faster than wealth being created. Eventually, this spirals out of control as well, causing a cash crash. People simply don't accept the money as a useful currency day to day currency anymore. Already people are searching for another currency.
Currently, the 'federal' government is choosing a Cash Crash. ANY of these three crashes mean the government is in default and unable to sustain it's own costs of operation.
Contraction of government services is inevitable under this scenario, and in an uncontrolled and radical manner. This often results in violence and even civil war.
This happened to Germany. It has happened to France. It has happened to Mexico. It has happened to Brazil. It has happened to Japan (and is happening AGAIN in Japan). The 'federal' government is NOT immune.
The wages of socialism, including communism.
