Obamacare 101 - Why Obamacare has "no viable path forward."

Dr. Milton Wolf, aka Obama's cousin, writes:

Consider just how thoroughly dishonest the Democrats have been. The White House falsely claimed that its health care overhaul would reduce the deficit. To make this appear to be true, it counted 10 years of CLASS incoming revenue but just five years of expenses. Democratic Sen. Kent Conrad of North Dakota admitted it was “a Ponzi scheme of the first order, the kind of thing Bernie Madoff would have been proud of.” And then he voted for it. Classless.


“Totally unsustainable.” That’s how Health and Human Services (HHS) Secretary Kathleen Sebelius described the CLASS Act in sworn testimony before the Senate Finance Committee earlier this year. Then she continued to foist it upon America anyway. Classless.

But a funny thing happened along the way to the Democrats’ health care utopia. The stubbornly inescapable and elegantly simple Stein’s Law, named for the late economist Herbert Stein, kicked in with a vengeance: “Things that can’t go on forever, don’t.” Collecting 10 years of revenues for every five years of expenses can’t go on forever, and now even HHS admits there is “no viable path forward” for the CLASS Act. Despite HHS’ fatal prognosis for the program, it wants to keep the program on the books anyway so at some point it can attempt a resurrection. Classless.

“No viable path forward.” Remember that phrase because you’ll be hearing it more often as the rest of Obamacare faces its own day of reckoning with Stein’s Law. The CLASS Act collapse is a harbinger of things to come, and two lessons are critically important:

First, the CLASS Act is nonviable for the same reason that the rest of Obamacare is nonviable: There simply isn’t enough of other people’s money to pay for it. Obamacare is propped up by the individual mandate, which forces would-be free Americans to purchase far more health insurance than they need as an obvious means to transfer wealth. Because Obamacare doles out welfare goodies to families earning up to $88,500 a year - imagine that - a whole lot of wealth needs to be transferred. The individual mandate, as currently adjudicated in federal court, has been ruled unconstitutional. If the Supreme Court resurrects the mandate, it’s likely an even higher court - the voters - will strike it down.