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I Told You So (Health “Reform” An Asset-Stripping Scheme)
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
market-ticker.org / By Karl Denninger / December 9, 2012. 21:19
Time to get the flag out again…
I’m rather surprised that I missed this originally — but it was brought up on the forum and definitely deserves a Ticker….
It turns out that ObamaCare makes an essential part of its regulatory scheme—an $800 billion bailout of private health insurance companies—conditional upon state governments creating the health insurance “exchanges” envisioned in the law.
This was no “drafting error.” During congressional consideration of the bill, its lead author, Sen. Max Baucus (D-MT), acknowledged that he intentionally and purposefully made that bailout conditional on states implementing their own Exchanges.
Note: Bailout. As in “hand money to private health insurance companies stolen from you” (as if the premiums they’ve been collecting aren’t enough to begin with!)
Thanks to BrotherJohnF
2012-12-10 04:06:25
Source: http://silveristhenew.com/2012/12/09/i-told-you-so-health-reform-an-asset-stripping-scheme/
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