Krauthammer Predicts the Next Big Government Bailout

“It wasn’t until the first cancellation notices went out in late 2013 that the deception began to be understood. And felt. Six million Americans with private insurance have just lost it. And that’s just the beginning,” he wrote.

The public’s understanding of just how bad Obamacare is should be named the biggest news story of 2013, conservative columnist Charles Krauthammer said.

“The lie of the year, according to Politifact, is ‘If you like your health care plan, you can keep it,’” Krauthammer wrote in his Washington Post column Friday, referring to the Pulitzer Prize-winning fact check website’s dubious honor awarded to President Barack Obama earlier this month. “But the story of the year is a nation waking up to just how radical Obamacare is — which is why it required such outright deception to get it passed in the first place.”

Krauthammer called the unworkable law a government takeover that he predicts will ultimately lead to a massive bailout of the health insurance industry.

“[I]f adverse selection drives insurers into a financial death spiral — too few healthy young people to offset more costly, sicker, older folks — their only recourse will be a government bailout. Do they really want to get on the wrong side of the White House, their only lifeline when facing insolvency?” he wrote. “I don’t care a whit for the insurance companies. They deserve what they get. They collaborated with the White House in concocting this scheme and are now being swallowed by it. But I do care about the citizenry and its access to a functioning, flourishing, choice-driven medical system.”


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