Where have you heard this before? There’s a federal insurance program designed to protect citizens from catastrophes that can devastate families. A program fashioned by experts who employed “best practices” as they formulated and priced this vital insurance protection.
Now it looks like the wretched naysayers were correct. The entitlement is plagued by users, with pre–existing conditions, who repeatedly cycle in and out of the program. These frequent flyers drive up costs and their premium dollars don’t begin to cover the government’s outlay.
Combined premium income from the entire coverage base falls short year after year forcing the program to run a deficit that won’t ever be reduced.
The combination of an unfavorable cost structure and unrealistic coverage requirements have forced private sector insurance companies to abandon the market, leaving the feds as the insurer of first and last resort.
Now you’re thinking you’ve seen this movie before. You know that under Obamacare limited government dies a lingering death.
But this isn’t Obamacare.
So now you’re wondering: What is it?!!! What obvious lesson have the professional politicians in DC overlooked that would have warned the nation, yet again?
I’ll tell you, but you’ll have to click the link below and finish reading at Newsmax.com: