Wednesday, January 15, 2014

OBAMACARE BAILOUT?

The figures coming out yesterday reveal that ObamaCare signups are running woefully lower than expected.  From my standpoint, that is as it should be; the voters are voting their displeasure with the whole boondoggle by not signing up.  Now, there are three proposals being floated around as to what is next: (a) a taxpayer-funded bailout to the insurance companies, (2) increased premiums, lower subsidies and decreased benefits, and (3) going closer to a totally government-operated single-payer system. 

Note that none of these proposals talks about cutting back on the program, rewriting the program, or stopping the program.  They need 7 million signups by the end of March to make this work; they have a little over 2 million and they are only getting a 24% participation from the younger crowd needed to pay for the old geezers.  

And their only three proposals are going to cost everyone of us, enrollee or not, one fat ton of money. 

Now, who would blame the country if we all marched on the White House and had our OWN sit-down with the President in the Rose Garden? 

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