Krauthammer: Insurance Companies Ruined by ObamaCare Will Need a Bailout

WALLCE: “I want to go back to this point that George was talking about, because the president, in his news conference Friday, said that none of these problems get to the core of ObamaCare. You can argue whether that's true or not, but that's what he said. And that 85 percent of Americans have benefited from the benefits that you get under ObamaCare. Charles, your reaction to that, and is it possible that, for all the problems so far, that they can get this worked out, and that as we get to -- just to pick a month at random -- by next November, most people are saying, you know what, Obama care is OK?”
KRAUTHAMMER: “It's possible. It's highly unlikely. One of the things that he did, one of the reasons that this strikes at the heart of ObamaCare, is that what he has done is to take away the financial structure underneath it. The reason the insurers are apoplectic about what's just happened is because he has now told a whole class of people, you don't have to be in the exchanges, and these are people who are probably healthier and the younger ones who are going to be outside of the exchanges, which means that the cost to insure the people left in the exchanges is going to be exorbitant, and there's also no way he’s going to be able to hold the line on this because of the unfairness."