A Ponzi scheme is a fraudulent investment operation that pays returns to its investors from existing capital or new capital paid by new investors, rather than from profits.
I like to cut to the chase, try to reduce things down to their lowest common denominator, stripping away the hyperbole and double talk and getting at the true meaning and intentions of things.
I am neither concerned with political correctness nor placing undue blame on other people, like some folks in very high places are want to do. I ascribe to the Harry Truman theory about where the buck stops and a firm believer that a leader who allows deception and incompetence is not a leader at all and that it is his, or her responsibility to establish a chain of command that demands efficiency and honest evaluation from the lowest echelon to the top.
When we look back at the way Obamacare was bulldozed through a Congress that completely advocated their responsibilities and violated their oath to have the best interest of we the people at heart, yielded to pressure and political buy offs and passed a piece of legislation they neither understood nor calculated the ramifications of and, in essence, saddled three hundred and fifty million people with what basically, in my book, amounts to a Ponzi scheme.
The success of Obamacare is based on an incredibly naive gamble that neither Obama nor the Democrats, who voted it into being, have any control of. It is dependent on young, healthy Americans buying insurance they don’t feel they need and building a fund big enough to pay the medical bills of older, sicker Americans who will receive subsidies and insurance companies who will be reimbursed for three years running if their profits are deemed inadequate.
It is the most ill conceived, poorly constructed, convoluted, confusing, least understood living document in existence. I say living document because it changes every few days at the president’s whim, there are sections of this bill that leaves so much to the conjecture of whatever bloated government agency the president decides to put in charge and is up for the interpretation of whoever holds the title.
Calling the website an abject debacle is being kind, it is an unmitigated disaster and even the people who have been able to navigate the spider web and actually sign up for a policy have absolutely no assurance that their order will be honored and if they’re actually covered.
Add that to the millions of people who got cancellation notices from their insurers because their policies don’t come up to Obamacare standards, and now, this is actually hard to believe a president would be lame enough to do, Obama is asking the insurance companies who cancelled policies in compliance to his plan to reinstate the policies for an unspecified period.
I will predict that as of the first of the year there are going to be a lot of Americans who will go for medical treatment, only to find that the policy they were supposed to be obtaining from Obamacare is not in force and they have no health insurance at all.
And the employer’s mandate doesn’t even go into effect until next year. Small businesses people, myself included, have no idea how that’s going to go and have our hands tied in trying to come up with a business plan for 2014.
The most cruel aspect of this whole thing is that the people who supported this bill who honestly thought that at last they were going to be able to have quality health care at a price they could afford to pay, are going to be the ones who will be hurt the worst, as scores of the best hospitals and state of the art doctors are opting out of the program and will not be available to them.
Other doctors are just closing their practices rather than deal with the voluminous paperwork and bureaucratic red tape they’d be forced to comply with putting an even bigger strain on an already inadequate pool of doctors and qualified medical professionals,
To top off the already monolithic garbage pile this thing has created, the president has already been caught in some colossal lies and folks that could well be just the tip of the iceberg. What else has he lied about?
What about the death panels, of course they won’t be called that, they’ll have some sanitized name like the Critical Care Advisory Board or something more pretentious? But I totally believe there will exist, as part of the Affordable Care Act, a panel of bureaucrats and number crunchers who will call the shots on who, in their opinion no longer has a right to treatment, due to their age or medical condition.
I’m quite sure that if and when the question is posed to the president he will deny the very existence of a panel tasked with such a job.
But when he does just remember,
“If you like your doctor you can keep your doctor, period.”
If you like your healthcare plan you can keep your healthcare plan.
Lord God, please hear your people’s prayers for our beloved nation.
