| Thursdays with John Hayward | 12.15.11 |  |
It's supposed to be a shocking surprise that ObamaCare is murdering private insurance plans, but in truth, its many legislative midwives always knew that would happen. They're just surprised by the scale.
Consider the Early Retiree Reinsurance Program, or ERRP. This was a program designed to subsidize 80% of the cost for insuring early retirees, whose benefits had been declining for many years, and were among the first items to be placed on corporate chopping blocks after ObamaCare was passed. The program was given $5 billion in funding, to tide it over until the full magic of the "public exchanges" kicked in, circa 2014.
It's going bankrupt on December 31st of this year. Be sure to have your favorite national debt clock pulled up on your computer when those public exchanges go online, for even more spectacular evidence that the designers of ObamaCare were wrong about everything.
ERRP is dying two years ahead of schedule because big businesses, state governments, and public employee unions dove into this $5 billion bailout fund and drained it dry. The top 25 recipients of ERRP money accounted for over half of the total funding. First in line was the United Auto Workers, who already received the gift of General Motors at gigantic taxpayer expense.
All of this will come as a surprise only to the people who still support the President's doomed and fraudulent heath care "reforms." It's hard to look at such an astonishing degree of failure without wondering if you behold a program that was intended to fail. Do we really want to find out what happens when the rest of ObamaCare is "overwhelmed?"
—John Hayward |
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 | | December 15, 1933
Prohibition Ends
On this day in 1933, the 21st Amendment to the Constitution went into effect in the United States, ending the prohibition of alcohol. During the nearly fifteen years that alcohol was illegal, organized crime shot through the roof and people continued to consume alcohol. |
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