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

December 10, 2013 - 9:46 AM

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."