POLITICAL: Obamacare will go broke; only question how fast


May 04, 2010
Early harbingers of the health care fiasco
Walt Elgin

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Speaking of which, nobody knows what it will cost or who covers overruns. Well, that will ultimately be us whether state or federal shortfalls, or both. Last month, dozens of states asked who pays when federal funding runs dry . “You could have a handful of people that could literally bankrupt the high-risk pool,” said Sumi Sousa, special assistant to Democratic California Assembly Speaker John Perez. “What do we do then? The state’s broke.”

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And the feds have finally owned up to the real state of affairs; HHS spokeswoman Jenny Backus declined to say who pays when the program runs out of money. “I think we need to get the programs up and running before we start speculating,” she said.

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All I can do it quote Margaret Thatcher.

“The trouble with socialism is that you eventually run out of other people’s money.”

Some programs run out faster. Like Indian Health Care. Like Obamacare.

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