KRAUTHAMMER: OBAMACARE'S SURVIVAL WILL REQUIRE 'A HUGE BAILOUT OF THE INSURERS'



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22 Dec 2013
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Washington Post columnist Charles Krauthammer predicted on “Fox News Sunday” that health insurers would have to be bailed out as a result of ObamaCare regulations:

“One of the things that he did, one of the reasons that this strikes at the heart of ObamaCare is that what he has done is to take away the financial structure underneath it,” Krauthammer said. “The reason the insurers are apoplectic about what just happened is because he has now told a whole class of people you don't have to be in the exchanges. And these are people that are probably healthier and the younger ones who are going to be outside of the exchanges, which means that the cost to insurers of people left in the exchanges is going to be exorbitant. And there’s also no way he’s going to be able to hold the line on this because of the unfairness.”

“If you're exempting people who didn’t have – who had insurance and were cancelled, and you're exempting them from the fine and the requirement of getting insurance, there's no way you can require, fine people who didn’t have insurance in the past,” he continued. “So you're going to have an abolition of the individual mandate. You've already abolished or postponed the employer mandate. The insurers understand that they are going to be completely ruined. And what's going to happen as a result of this? There's only one way out. A huge government bailout of the insurers is waiting at the end of next year. And that's an issue that Republicans ought to focus on right now. It's the only way that ObamaCare will survive and it ought to be stopped before it happens. It ought to be -- Congress ought to say no bailout, particularly because this isn't a natural disaster, it's a man-made disaster.”


http://www.breitbart.com/Breitbart-T...f-the-Insurers