Friday, March 9, 2012

The ObamaCare death spiral continues

The ObamaCare death spiral continues
No one in the Administration has a clue what’s happening.
by John Hayward

Last week, after Health and Human Services Secretary Kathleen Sebelius claimed the private insurance market was in a “death spiral” long before ObamaCare came along, I pointed out that ObamaCare itself is the paramount modern example of a high-speed death spiral. Whatever one might say about the structural deficiencies of private health insurance – which are, in no small part, due to government interference – it’s taken decades for them to reach their current state. ObamaCare, by contrast, began falling apart the minute it passed. Literally billions of dollars have been dropping from its leprous bulk with every passing month.

Senator Ron Johnson (R-WI) of the Senate Budget Committee had the same idea, and decided to question Our Lady of the Death Spiral about it when she appeared before the Appropriations subcommittee on Wednesday, leading to the following hilarious and terrifying exchange:

Click here.

In the course of a few minutes, Sebelius – who will become one of the most powerful officials on Earth, once ObamaCare is fully up and running - concedes that ObamaCare’s funding mechanisms are collapsing, its costs are ballooning out of control, and it has driven the cost of insurance for American families up instead of reducing them, and she has absolutely no idea what it’s going to do to the federal budget deficit.

Give Obama four more years, and his team will do even more wonderful things that nobody understands, at a cost no one can calculate!

To read another article by John Hayward, click here.

To read more about blatant Obamacare failures, click here.

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