John Ransom

Floods! Shootings! Fire! Hurricanes! Obamacare!

As my home state of Colorado rocks under the worst floods in 100 years, Obama has declared the state’s flooded areas a disaster area.

“Obama’s declaration makes federal aid available to supplement state and local recovery efforts in Boulder County,” reports The Hill. “That aid can include grants for temporary housing and home repairs or low-cost loans to cover uninsured property losses.”

Estimates vary regarding the number of people missing. I’ve seen headlines put the number at between 500 and 1,000, but The Hill says it’s 200.

But what is a flood, in terms of life and limb, when Obamacare looms over the country as a whole? That’s not a rhetorical question either.

Obamacare has been likened to a “disaster,” a “trainwreck” and other implacable forces of nature or accident that gouge out the health, wealth and well-being of a community. The numbers of people affected just last week by the looming implementation of Obamacare easily numbers in the tens of thousands, or even hundreds of thousands.

Thousands of part-time employees at the boutique grocery chain Trader Joe’s, for example, were told last week that they’d be losing benefits in favor of a $500 stipend for exchange-based healthcare. Some of those employees will pay more now for health insurance, some will pay a bit less. But however those employees make out, the rest of us will pay more as Obamacare costs start to mount.

“Trader Joe's is essentially shifting the costs it used to pay for health insurance onto the federal government,” admits the Washington Post, one of Obamacare’s top proponents.

Trader Joe’s joins IBM, UPS, and the City of Chicago as the most high profile institutions that have shifted the cost of employee benefits to Uncle Same Ole, Same Ole.

But it’s not just costs that make it a disaster area.

John Ransom

John Ransom’s writings on politics and finance have appeared in the Los Angeles Business Journal, the Colorado Statesman, Pajamas Media and Registered Rep Magazine amongst others. Until 9/11, Ransom worked primarily in finance as an investment executive for NYSE member firm Raymond James and Associates, JW Charles and as a new business development executive at Mutual Service Corporation. He lives in San Diego. You can follow him on twitter @bamransom.

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