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Obamacare may need a taxpayer bailout: Ex-HHS head
Yahoo Finance ^

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 ...


TOPICS: Breaking News; News/Current Events
KEYWORDS: 0carenightmare; 0scamacare; bailout; doctor; economicterrorism; healthcareplan; hillarycare; ifyoulikeyour; iguarantee; nomoney; obamacare; obamacarebailout; obamacaretax; period; taxes; taxpayer; youngwhitesnotstupid; zerocare
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To: Red in Blue PA

“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.


41 posted on 11/19/2013 10:43:03 AM PST by DPMD
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To: Red in Blue PA

***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.


42 posted on 11/19/2013 11:21:28 AM PST by MichaelCorleone (Jesus Christ is not a religion. He's the Truth.)
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To: Red in Blue PA

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.


43 posted on 11/19/2013 11:53:06 AM PST by PGR88
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To: Red in Blue PA

Obama will try to demonize anyone that opposes a bailout of his Commiecare.


44 posted on 11/19/2013 12:38:48 PM PST by RedMDer (Happy with this, America? Make your voices heard. 2014 is just around the corner. ~ Sarah Palin)
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To: stevie_d_64






"WHICH BRINGS THOSE DEATH PANELS SQUADS INTO PLAY…"






45 posted on 11/19/2013 1:43:33 PM PST by devolve (- "He's (Obama) just 'too talented' to do what 'ordinary people' do." - Iranian-born Valerie Jarrett)
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To: Red in Blue PA

Obama-care was designed to fail:Cloward-Piven.

The left want single payer and now the push for nationalization will begin.


46 posted on 11/19/2013 3:14:57 PM PST by Le Chien Rouge
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To: longtermmemmory
“Too big to fail”?

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.

47 posted on 11/19/2013 3:34:39 PM PST by DAC21
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To: Red in Blue PA

. It’s going to require a huge infusion of tax dollars or huge cuts.”

HUH....I VOTE HUGE CUTS!!!!!!!


48 posted on 11/20/2013 8:52:20 AM PST by AngelesCrestHighway
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To: AngelesCrestHighway

I propose a series of hugh cuts, each more hugh and series than the last!


49 posted on 11/20/2013 8:53:09 AM PST by JediJones (The #1 Must-see Filibuster of the Year: TEXAS TED AND THE CONSERVATIVE CRUZ-ADE)
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To: JediJones
I propose "SLICE AND DICE" the whole damn thing!
50 posted on 11/20/2013 8:58:12 AM PST by AngelesCrestHighway
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To: devolve

Yepperz!!!

Squads would be something tangible to confront if it comes down to it...


51 posted on 11/21/2013 3:30:03 AM PST by stevie_d_64 (It's not the color of one's skin that offends people...it's how thin it is.)
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To: Red in Blue PA

It’s two months old and already going to need a bailout.

Yep, another successful government program.


52 posted on 11/21/2013 4:38:11 AM PST by hattend (Firearms and ammunition...the only growing industries under the Obama regime.)
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To: Salgak

Obama will fund it through executive order, and the house will sit silently as he does so, not challenging his power or authority.


53 posted on 11/21/2013 7:37:34 AM PST by esoxmagnum (Turtles don't win fights, they just turtle up. Victory belongs to the aggressor, not the turtle.)
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To: Red in Blue PA

The young person asks the same question Harry Reid asks. “Why would I want to do that?”


54 posted on 11/21/2013 8:26:54 AM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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