Peter Ferrara, the author of this disturbing analysis in The American Spectator, is an expert on the long-term problems of Social Security and other government welfare programs. His conclusion about the coming death spiral of Obamacare:
The pool the insurers end up covering, then, will be a lot more like the pool of all burnt down houses for fire insurers discussed above. The premiums the insurers receive from this adversely shrunken pool will not remotely cover the costs of that pool. Hence they will be facing bankruptcy next year, absent another taxpayer bailout of hundreds of billions. So the choice will be that, or socialized medicine, including the government death panels we see in every other country weighed down by this “enlightened” last century albatross.There's really not much more that can be said. First the socialists wreck the healthcare insurance industry, then they cast the blame elsewhere, clamor for a taxpayer bailout to fix the mess they've created, and then use that bailout (à la GM) to put the entire system into the government's hands.