CHARLES KRAUTHAMMER: It’s possible, it’s highly unlikely. One of the things that he did, one of the reasons that this strikes at the heart of ObamaCare is that what he has done is to take away the financial structure underneath it. The reason the insurers are apoplectic about what just happened is because he has now told a whole class of people, “You don't have to be in the exchanges.” And these are people that are probably the healthier and the younger ones who are going to be outside of the exchanges. Which means that the cost to insurers of people left in the exchanges is going to be exorbitant. And there’s also no way he’s going to be able to hold the line on this because of the unfairness.If you're exempting people who didn’t have, who had insurance and were cancelled, and you’re exempting them from the fine and the requirement of getting insurance, there’s no way you can require, fine people who didn’t have insurance in the past. So you’re going to have an abolition of the individual mandate. You’ve already abolished or postponed the employer mandate.
The insurers understand that they are going to be ruined. And what’s going to happen as a result of this? There’s only one way out: a huge government bailout of the insurers waiting at the end of next year, and that’s an issue that Republicans ought to focus on right now. It's the only way that ObamaCare’ll survive, and it ought to be stopped before it happens. It ought to be, Congress ought to say, “No bailout,” particularly because this isn’t a natural disaster, it's a manmade disaster.
Read more: http://newsbusters.org/blogs/noel-sheppard/2013/12/22/krauthammer-insurance-companies-ruined-obamacare-will-need-bailout-ne#ixzz2oJJ9ctNO
It'll be the death of us all. :)
ReplyDeleteyep, no doubt
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