Skip to comments.Obamacare may need a taxpayer bailout: Ex-HHS head
Posted on 11/19/2013 7:53:41 AM PST by Red in Blue PA
The rollout of Obamacare has been "absolutely chaotic," said Tommy Thompson, who served as U.S. Health and Human Services secretary under George W. Bush. But worse, he added, the new law is flawed and needs dramatic changes.
"It's actuarially unsound," the former Republican governor of Wisconsin said on CNBC's "Squawk Box" on Tuesday. "If you don't have the healthy young people involved, ... Obamacare cannot function. It's going to require a huge infusion of tax dollars or huge cuts."
One of the cornerstones of the new health-care law is that healthy young people will pay for medical insurance that they use less frequently than the elderly or the chronically ill.
But, Thompson said, from the view of a healthy young person, they may ask: "''Why do I want to do that?''"
Under Obamacare, most Americans have to buy insurance or face a tax penalty.
(Excerpt) Read more at cnbc.com ...
“May” need a taxpayer bailout? It will for sure. And many more after that. There are lots of congress crooks and their cronies who aren’t quite rich enough yet.
***But worse, he added, the new law is flawed and needs dramatic changes.***
You could say that the new law is flawed and needs to be abolished, but nah...that wouldn’t fit the RINO narrative.
If we didn’t have a Federal Reserve, the government would have to compete for real money with private citizens. It would have to pay real interest rates, and it would suffer immediate consequences for massive overspending.
BAILOUTS of things like Obamacare would be impossible. Ending the FED would kill the progressive nanny state forever.
I’m always surprised more conservatives don’t see this obvious connection.
Obama will try to demonize anyone that opposes a bailout of his Commiecare.
Obama-care was designed to fail:Cloward-Piven.
The left want single payer and now the push for nationalization will begin.
Oh you know thats where the RATS will take this. And of course the Stupid party will allow themselves to be labeled as the haters of children and poor and will help write another trillion dollar loan from the Chinese.
. It’s going to require a huge infusion of tax dollars or huge cuts.”
HUH....I VOTE HUGE CUTS!!!!!!!
I propose a series of hugh cuts, each more hugh and series than the last!
Squads would be something tangible to confront if it comes down to it...
It’s two months old and already going to need a bailout.
Yep, another successful government program.
Obama will fund it through executive order, and the house will sit silently as he does so, not challenging his power or authority.
The young person asks the same question Harry Reid asks. “Why would I want to do that?”