 Austrian scholars have already done a good job exposing a lot of the fallacies with Obamacare, but today I've got a story for you. I was talking with a friend about health insurance in Obamacare, and she is semi-retired and has been covered by a catastrophic health insurance policy which only covers major medical expenses. It doesn't include doctors visits and prescription drugs and things of that nature, but that's just fine for her. And it's the type of policy that Austrians believe would exist in a free market. Many of you probably have what's called a comprehensive health insurance, which does cover major medical, it covers doctors visits and testing and prescription drugs, and you only have to pay a small copayment. Well, in any case, my friend was told recently that she was going to lose her catastrophic health care insurance, which she had been paying approximately $300 a month. Apparently it wasn't good enough for Obamacare regulations, and she was told by her insurance company that her new insurance, which would be comprehensive, would cost over $1,000 per month. More recently, she's learned through the Obamacare exchanges that she will be getting comprehensive health care insurance for $1.75 per month. Somebody's going to have to subsidize that insurance, which would have cost her over $1,000 per month. So that means that Obamacare involves subsidies of basically money going from the young to the old, from the healthy to the sick, and from the high income earners to low income earners. So this is yet another step of government interventionism that will ultimately bring about the collapse of the American health care industry. It's what Mises would call German style socialism, where you sort of back your way into from one government intervention to another government intervention and other government interventions to make up for the shortfalls of the previous government interventions until you end up with economic chaos. So Obamacare is just another step of German fascism basically on the road to health care chaos, and that's the Mises view.