The Coming Obamacare Bailout
By PETER FERRARA
Taxpayers will have a choice: settle for single-payer or bail out private insurance, which otherwise won’t survive the ravages of Obamacare.
Think back to the fall of 2008. Congress was asked to pass a $700 billion taxpayer bailout for Wall Street. We were told it had to be passed, or else the economy would collapse, perhaps into another Great Depression.
House conservatives voted it down. The stock market fell hundreds of points in response. In the ensuing panic, Congress went along and passed the bailout.
That bailout, and the insane, nearly $1 trillion “stimulus” bill passed just a few months later as Obama’s first act, gave birth to the Tea Party revolution that gave Republicans a 63-seat landslide in the House in the 2010 elections. Voters supported that to stop the run on taxpayer funds.
Next on the horizon is an Obamacare “death spiral” for the private health insurance industry. Taxpayers will now be told a new bailout of hundreds of billions for the private health insurers must be passed, or else private health insurance will go out of business under Obamacare. That would leave the government in complete control of American health care, especially as he who pays the piper calls the tune.
It is called “single payer” by advocates of government-run health care. In plain English, “single payer” means “government monopoly” over health care, more commonly known as “socialized medicine.” That means the government decides who gets what health care, or ultimately, who lives and who dies. For those who think the government is God, such health care socialism is long overdue.