The really telling part of the story is that Health & Human Services is admitting (seemingly without shame) that their insurance plan was quickly put together without actuarial “due diligence” and without an understanding of how the “market” works.
The same is true of Obamacare in general, but it’s much more dangerous. If fully implemented, it will destroy the healthcare insurance industry (by design) and our nation’s medical system (by stupidity).
AND, what really gets the Tea Party up in arms(no pun…) is that the *Establishment politicians* (both Stupids & RATz…) KNEW that the cost figures for the Class Act were bullshit—–from the get-go……………..
Bottom Line: Obamacare won`t work, even if implemented 100%, and it for sure can`t work if partially implemented— [...like christianing a ship with a permanent hole, to be patched, in its hull...]
Comment by Colonel Jerry USMC — October 15, 2011 @ 9:26 am
Stilton (4) & ColJ (5)
Yep, I wonder if any actual actuaries were involved?
This is why state-run economies cannot possibly work.
They don’t go bankrupt like real enterprises when they’re run by incompetents.
They just loot real producers, forbid costly behavior, crush competition, inflate the currency, and ration services.
You know, a monopolistic corporation … with guns.
Comment by DougM (jackassophobe) — October 15, 2011 @ 9:29 am