You know things are bleak for President Obama when even Bill Clinton says Americans who like their current insurance should be able to keep it.
Clinton discussed the troubled federal healthcare rollout during an interview with www.ozy.com.
"So I personally believe, even if it takes a change to the law, the president should honor the commitment the federal government made to those people and let them keep what they got," Clinton said.
Ouch. Watch more of the interview below.
Bill Clinton interview courtesy of www.ozy.com
The problem with Clinton's reaction is that people are losing their private insurance because that's exactly what Obamacare was designed to do.
The Affordable Healthcare Act is built on a single premise... subsidizing health care costs for the poor and sick by driving up premiums for the young and healthy. It's the same kind of wealth redistribution scheme we've seen from liberals time and again.
Obamacare is designed to drive people out of their private insurance and into the government exchange where they will be faced with higher premiums to subsidize the poor and uninsured.
President Obama lied when he said the average family would see a $2500 annual reduction in their premiums. It is simply impossible to reduce the cost of insurance when you're adding millions of uninsured to the risk pool, especially when young Americans would rather pay a fine than buy health insurance.
President Obama lied when he said Americans could keep their insurance, if they liked it. As I pointed out in a previous column, the president knew it was a lie even while he was saying it.
Obamacare simply cannot survive if Americans are allowed to keep their current private insurance.
And Bill Clinton knows it.
Greg Belfrage is heard mornings 6am-9am on KELO Newstalk 1320 AM / 107.9 FM. Greg can be contacted at email@example.com. You can also follow him on Twitter.