‘Marketplace:’ Where People Buy Compulsory Insurance With Other People’s Money
When President Barack Obama spoke in the Rose Garden on Monday to justify and explain the problems at the website his administration has created under the Patient Protection and Affordable Care Act to sell government-approved and subsidized health insurance plans, he used the word “marketplace” seventeen times.
In English, according to Merriam Websters, a “marketplace” is “an open square or place in a town where markets or public sales are held.” A “market,” it says, is “a meeting together of people for the purpose of trade by private purchase and sale and usually not by auction.”
The “marketplace,” says the dictionary, “is the interpreter of supply and demand.” It is “the world of trade or economic activity.”
Under Obamacare, the government commands people to buy insurance.
The "marketplace" in the fraudulent lexicon of Barack Obama is the government website where Americans go under government command to buy government-approved health insurance with other people's money.
If a person earns less than 400 percent of the poverty level--$94,200 for a family of four—the government will force taxpayers to subsidize that person's compulsory purchase of insurance through payments made directly from the Treasury to the person's insurance provider—but only if the person buys a government-approved insurance plan and only if the person buys it through the government-run insurance exchange.
It is this government-run insurance exchange--where people must buy a government-approved insurance plan if they want the taxpayers to subsidize their government-commanded purchase of insurance--that Obama referred to 17 times on Monday as the “marketplace.”
“The Affordable Care Act’s health insurance marketplaces opened for business across the country,” Obama said, for example.
“Today I want to talk about how we’re going to get the marketplaces running at full steam,” he said.
“October 1st was an important date,” he said. “That’s when we opened the new marketplaces.”
“By enrolling in what we’re calling these marketplaces, you become part of a big group plan,” said Obama.
“Through the marketplaces, you can get health insurance for what may be the equivalent of your cell phone bill or your cable bill,” said Obama.
“More than half a million consumers across the country have successfully submitted applications through federal and state marketplaces,” said Obama.
“People can save money, significant money, by getting insurance that’s being provided through these marketplaces,” he said.
“So everybody who wants insurance through the marketplace will get insurance, period,” said Obama.
“Even with the website issues, we’ve actually made the overall process of buying insurance through the marketplace a lot smoother and easier than the old way of buying insurance on your own,” said Obama.
“I got a letter last week from a self-employed man named John Mier in Leetsdale, Pennsylvania,” said Obama. “He used the new marketplace to get himself and his wife covered and save a lot of money. And here’s what he said, because it pretty much sums up my message today: ‘Yes, the website really stank for the first week.’”
Under Obamacare, you must buy insurance whether you like it or not. If you do not get it from your employer, and you do not buy it on your own without a subsidy, or with a subsidy in the government-run and government-controlled “marketplace,” you must provide a subsidy of your own to the Internal Revenue Service--in the form of a “penalty.”
Or, as Chief Justice John Roberts would say, Obamacare can compel you to participate in the “marketplace” because the penalty for not participating is really a tax—except when it’s a penalty.