BUT WAIT. THERE’S MORE: ObamaCare May Devastate the Real Estate and Travel Industries.
Millions are losing their health insurance policies and being forced onto the ObamaCare exchanges, where most plans only provide local medical coverage. As Americans realize they must pay for all non-emergency medical care when they leave their home county, their decisions may have a profound impact on the real-estate market, particularly the second home sector, and on the travel business. . . .
What happens to those plans to send the kids to live with the grandparents for the summer, when little Josh needs to keep up with his allergy shots? What decision will a family make when Dad needs to move to start his new job, while the kids stay behind to finish up the school year? What kind of financial pain will be inflicted on American contract workers, who rent a hotel residence for three months while they complete a project? And who will buy a vacation home when the costs include out-of-pocket medical expenses?