Bobert.

It is a lot worse than that. So the government gives a 90 year old $2000 per month to buy insurance on an unregulated market. Who is going to sell him insurance? What happens when the treatement costs exceeds the premiums?

The banking crisis of 2008 is the best indication of what privatized social security would mean. His plan is to but the retirement future of every non-wealthy American into the hands of unregulated Wall Street superbankers. Where your only economic leverage is as an individual dealing with the likes of CitiGroup and Goldman Sachs.