ObamaCare Update

The Obama Regime Just Admitted That ObamaCare Could Bankrupt Insurance Companies... And Quite Possibly, The Country.

       It should have been a front-page story, but the Obama-media sat on a document that was just released, oh-so-quietly, by the Obama Regime's Department of Health and Human Services (HHS).

       Jim Angle with Fox News reports: "[T]he administration released documents... saying the problems with the website puts 'the entire health insurance industry at risk' ... 'potentially leading to their default and disrupting continued services and coverage to consumers.'"

       And the HHS document went on to say that the problems with the website "will result in financial harm to the government" and "the entire health care reform program is jeopardized."

       The statements in the HHS document bear repeating because problems with ObamaCare are not simply confined to the website.

       ObamaCare is riddled with problems, and our government will never tire of telling us that each and every problem "will result in financial harm to the government" and jeopardize "the entire health care reform program" and these problems can only be resolved by allowing the government to dig even deeper in our pockets.

       Let's face facts, the HHS admission that "the ENTIRE health insurance industry [is] at risk" is an omen of things to come because the problem with ObamaCare is not that it was designed to fail, but rather, that it was designed to fail OVER AND OVER AND OVER AGAIN.

       Each and every ObamaCare failure will necessitate another bailout and each and every bailout will open the door to even more failures... and the vicious circle will only continue to perpetuity.

It took most of the nation's social welfare programs generations to reach insolvency but ObamaCare is starting out in insolvency: That means it could, quite literally, ultimately break the bank.

And That Dire Prognosis Is Being Confirmed In Other Circles As Well.

       As a matter of fact, Aetna's CEO Mark Bertolini hinted last Wednesday that Aetna could be forced to make coverage totally unaffordable or pull out of ObamaCare altogether.

       Speaking of the massive and spiraling costs - costs that will be passed on to you in one form or another - of sustaining this dying white elephant, Bertolini said:

       "Are they going to be double-digit [increases] or are we [Aetna] going to get beat up because they're double-digit; or are we just going to have to pull out of the program? ... Those questions can't be answered until we see the population we have today. And we really don't have a good view on that."

       And just because Bertolini posed the question, don't believe for one moment that he doesn't ALREADY know the answer or that he's the only CEO who realizes what's coming.

       Moreover, don't believe, for even the blink of an eye, that these problems won't affect you if you're not in a government-controlled exchange (although you eventually will be if Barack Obama and Harry Reid get their way).

       Just as Ronald Reagan said that a rising tide lifts all boats; we say to you now that EVERYONE on a sinking ship with no lifeboats dies.

       Perhaps that's why Moody's, one of the top-rated credit agencies in the world, just downgraded the ENTIRE HEALTHCARE INDUSTRY on Thursday to "negative" based on the failed ObamaCare rollout.

       Oh yes, it s true. The Washington Times reports that Moody's "downgraded its outlook for U.S. health care insurers from 'stable' to 'negative,' citing uncertainty stemming from ObamaCare."

       The problem with ObamaCare is not that it's going to fail... IT HAS ALREADY FAILED and we need to cut the cord to the life-preserver and let it drown because IT WILL KEEP FAILING.

       Congress CAN repel ObamaCare, but they won’t unless they here from enough of their constituents.   Has YOUR congressman and Senators heard from you?