Thread: Retiring House Democrat Jim Moran Wakes Up; Admits Obamacare Is Underwater

Retiring House Democrat Jim Moran Wakes Up; Admits Obamacare Is Underwater

January 27, 2014 by Ben Bullard

Congressman Jim Moran (D-Va.), who’s not seeking a 13^th term in office after his current term ends, told American University’s radio station Friday he doesn’t see a way for Obamacare to succeed if it continues to rely on human nature and market forces to meet its enrollment goals.

Moran candidly expressed concern that young people in the so-called “millennial generation” demographic will never voluntarily enroll for overpriced health care coverage as long as there remains no financial incentive to do so. Without an abundant enrollment of healthy, self-paying customers, there’s no way for insurers to benefit financially under Obamacare unless the government simply devises a way to bail them out.

“I’m afraid that the millennials, if you will, are less likely to sign up. I think they feel more independent, I think they feel a little more invulnerable than prior generations,” said Moran. “But I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially.

“And, frankly, there’s some legitimacy to their concern because the government spends about $7 for the elderly for every $1 it spends on the young…I just don’t know how we’re going to do it frankly. If we had a solution I’d be telling the president right now.”

Filed Under: Liberty News, Staff Reports

http://personalliberty.com/2014/01/2...is-underwater/

Democratic Congressman Admits Obamacare Won't Work (After Announcing Retirement)

Submitted by Tyler Durden on 01/27/2014 21:16 -0500

"I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially," warned Democrat Virginia Representative Jim Moran. The Democrat, as The Daily Caller reports, seemingly daring to break ranks with his peers, added that he understood Millennial lack of signing up as "frankly, there’s some legitimacy to their concern because the government spends about $7 for the elderly for every $1 it spends on the young." This stunning declaration, of course, fits with the narratives that most mathematically-capable human beings can comprehend but starkly refutes the hopes and dreams of the President's healthcare policy... The reason that Jim Moran could be so honest... after 12 terms of toeing the lying line, he has announced his retirement.

Via The Daily Caller,

A top House Democrat slammed Obamacare’s inability “to work” — but only after he announced his impending retirement from Congress.

12-term Virginia Rep. Jim Moran, an Appropriations Committee member who said this month that he will not seek re-election in 2014, said that not enough young people are signing up for Obamacare coverage to make the law work.

“I’m afraid that the millennials, if you will, are less likely to sign up. I think they feel more independent, I think they feel a little more invulnerable than prior generations. But I don’t think we’re going to get enough young people signing up to make this bill work as it was intended to financially,” Moran said in an interview with WAMU American University Radio.

“And, frankly, there’s some legitimacy to their concern because the government spends about $7 for the elderly for every $1 it spends on the young,” Moran said.

“I just don’t know how we’re going to do it frankly. If we had a solution I’d be telling the president right now,” Moran said.

Moran voted for President Obama’s Affordable Care Act, which depends on young healthy “invincibles” to sign up for health insurance exchanges to offset the high number of older, sicker people that drive rates up and make Obamacare plans more expensive.

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read more here

Perhaps there is a lesson in this for all of us - do not trust a politician until he has retired (and we suggest - not even then).


http://www.zerohedge.com/news/2014-0...ing-retirement