Wednesday, October 23, 2013

Karl Denninger: ObamaCare Could Implode Before the End of the Year!

Reblogged from Socio-Economics History Blog:

  • Karl Denninger: Obama Care Could Implode Before the End of the Year! 
    by Greg Hunter’s USAWatchdog.com 
    Analyst/trader Karl Denninger says Obama Care is doomed to failure because of pre-existing conditions of many signing up for coverage.  Denninger explains, “If you are an insurance company and you only sell insurance to those who have already lit their house on fire, you’re not going to be in business very long. 
 
Just as with regular health insurance, if the only people who buy into this nightmare has pre-existing conditions, that Obamacare is going down. Very easy to imagine Obamacare experiencing a cash for clunkers implosion.

All posts cross-posted on PUMABydesign001's Blog