Agreed: Let It Die a Natural, Mercifully Quick

…“death spirally” sort of death.

Stop the bailout — now

First order of business for the returning Congress: The No Bailout for Insurance Companies Act of 2014.

Make it one line long: “Sections 1341 and 1342 of the Affordable Care Act are hereby repealed.”

End of bill. End of bailout. End of story.

Why do we need it? On Dec. 18, the chairman of the Council of Economic Advisers was asked what was the administration’s Plan B if, because of adverse selection (enrolling too few young and healthies), the insurance companies face financial difficulty.

Jason Furman wouldn’t bite. “There’s a Plan A,” he replied. Enroll the young.

But of course there’s a Plan B. It’s a government bailout.

…End result? Insolvency — before which the insurance companies will pull out of Obamacare.

Solution? A huge government bailout. It’s Obamacare’s escape hatch. And — surprise, surprise — it’s already baked into the law.

Which is why the GOP needs to act. Obamacare is a Rube Goldberg machine with hundreds of moving parts. Without viable insurance companies doing the work, it falls apart. No bailout, no Obamacare.

Such a bill would be overwhelmingly popular because Americans hate fat-cat bailouts of any kind. Why should their tax dollars be spent not only saving giant insurers but also rescuing this unworkable, unbalanced, unstable, unpopular money-pit of a health-care scheme?

categories Nanny State, People, Politics | | datetime January 3, 2014 9:36 am

2 Responses to “Agreed: Let It Die a Natural, Mercifully Quick”

  1. Gunslinger says:
    January 3, 2014 at 1:53 pm

    Unfortunately, John Boehner and his flock of flying RINOs will stand in the way of any such legislation.

  2. aelfheld says:
    January 3, 2014 at 4:26 pm

    Can something as unnatural as Obamacare die a natural death?

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