Denninger Warns On Coming Collapse: “Exactly How This Thing Detonates and Who Dies Is Very Hard To Figure Out”
On Monday House Majority leader Paul Ryan warned that if his health care plan fails to pass then the Obamacare system will collapse. It’s a sentiment that The Market Ticker founder Karl Denninger has shared for years, citing basic arithmetic that shows the Affordable Care Act passed in 2009 simply cannot be sustained.
But before you get excited about the possible repeal of current laws that are to be replaced by Ryan’s new GOP bill, consider that the new bill is destined to fail for the very same reasons. It’s a simple math problem and the math shows there is not enough money to cover the costs for a health care system rooted in corruption and monopolistic tendencies, regardless of what Paul Ryan, President Trump or their opponents in Congress say.