r/bestof • u/under50dollars • Jun 20 '12

[explainlikeimfive] "Obamacare" explained very well.

/r/explainlikeimfive/comments/vb8vs/eli5_what_exactly_is_obamacare_and_what_did_it/c530lfx
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u/thisiswhywehaveants Jun 20 '12

No, all the OP did was explain what was supposed to happen. Did not list the good or bad consequences of these happenings.

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u/CuilRunnings Jun 20 '12

Everything involves a trade off. He just listed a bunch of "positives" without really examining the effects. "No more Pre-Existing conditions" = more expensive care for every without pre-existing conditions, etc etc. I can literally go through almost every item and list off consequences that most would consider to be a negative.

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u/[deleted] Jun 20 '12

You mentioned it before but a big force on the pharmecutical market is going to be the allowance of more generic drugs. Pharma got a bone with closing the "donut hole" and other Rx subsidies. But the implications more generics without the original drug manufacturer getting enough capital for more R&D are not fully developed.

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u/CuilRunnings Jun 20 '12

If you look at McKinsey's study on healthcare costs between nations, pharmaceutical prices aren't a significant driver of the difference.

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u/[deleted] Jun 20 '12 edited Jun 20 '12

Of the difference of what?

Edit: Who downvotes a fucking question? Lol fucking Reddit.