Blog

Hannity: Obamacare Can't Work Because Young Figured Out It's Like a Ponzi Scheme

By James Beattie | December 10, 2013 | 9:46am EST

On Monday, Sean Hannity said that Obamacare said that young Americans figured out that Obamacare is 'like a Ponzi scheme' Monday when reading through Michael Tanner's piece in the New York Post, which was linked on the Drudge Report.

Hannity had read this part of Tanner's piece:

"The good news, if you want to call it that, is that roughly 1.6 million Americans have enrolled in ObamaCare so far.  The not-so-good news is that 1.46 million of them actually signed up for Medicaid."

This prompted the following commentary from the syndicated talk show host:

"Now remember what you have signing up here are the old, the sick and the uninsured.  The plan is like a Ponzi scheme where the young and healthy were supposed to pay for the old, sick and uninsured.  That's how the whole thing was gonna work.  Problem is, young people figured it out and they don't want any part of it and now a majority are saying that they'd rather pay a fine.  That blows up the whole system."

CNSNews Reader,

The media are hard at work weaving a web of confusion, misinformation, and conspiracy surrounding the COVID-19 pandemic.

CNSNews covers the stories that the liberal media are afraid to touch. It drives the national debate through real, honest journalism—not by misrepresenting or ignoring the facts.

CNSNews has emerged as the conservative media’s lynchpin for original reporting, investigative reporting, and breaking news. We are part of the only organization purely dedicated to this critical mission and we need your help to fuel this fight.

Donate today to help CNSNews continue to report on topics that the liberal media refuse to touch. $25 a month goes a long way in the fight for a free and fair media.

And now, thanks to the Coronavirus Aid, Relief, and Economic Security (CARES) Act, you can make up to a $300 gift to the 501(c)(3) non-profit organization of your choice and use it as a tax deduction on your 2020 taxes, even if you take the standard deduction on your returns.

— The CNSNews Team

DONATE

Connect

Sign up for our CNSNews Daily Newsletter to receive the latest news.