The Obamacare plan recently proposed and passed by Congress has been being fought by state governments for some time now, and there does not appear to be any easy answer. The Supreme Court is now hearing the case and will be deciding whether or not it is a good idea to continue with this course of action. The proposal will make it mandatory for all Americans to have health care coverage by 2014, unfortunately many cannot afford and yet do not qualify for government coverage. This discrepancy is not going to go anywhere, and in all likelihood many Americans are going to have a lot of trouble getting coverage. There is a good deal of protesting going on on behalf of Americans who do not wish to participate in this new healthcare program.
There seems to be little consensus between the lower and upper class with regard to who deserves healthcare and who does not. The lower class wants universal coverage, while the upper class wants anything but…bearing this in mind it is not hard to see that politicians will have a very hard time satisfying their constituents. There needs to be some real effort put into making this plan acceptable for everyone, otherwise the US dollar is going to slump on Forex quotes for some time to come. The US Supreme Court decision will not only impact the Forex market, it is also going to create some serious trouble for a large number of companies. These companies are going to be likely to cut their budgets in order to accommodate the large budget increases.
There has been a good deal of trouble for these markets for some time now, and creating pressure for American companies is not a good idea. There will be a massive increase in layoffs and other budget saving measures in an attempt to cope with what is coming. There is not going to be any sort of reprieve if this measure goes through, and by moving forward with this plan the country is quite likely to end up in even more trouble. The jobs created through a positive economy will allow people to purchase their own health care coverage, but there cannot be one if there is the other. Business owners are already under enough pressure as it is, putting any more upon them is only going to do more damage to the world’s economy.
The author is a Forex trader and financial analyst residing in Denver, Colorado. To stay up to date on all the latest developments in the financial world and beyond be sure to stay up to date with the latest forex quotes.