The result is market price increases, always, and quantity increases always. It becomes unsustainable.
Liz and her Obamacare Tax hike is closer to 16 trillion, not her stated 8 trillion. Her numbers are likely based on 2018, but health premiums have increased by 6% since then. She is already bankrupt.
Does it work in Europe? Well, half of Europe is dying from debt, so there is one answer.
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