PDA

View Full Version : The next big bailout on the way



Mainecoons
01-13-2014, 08:21 AM
Another "we told you so" moment.


Robert Laszewski—a prominent consultant to health insurance companies—recently wrote (http://healthpolicyandmarket.blogspot.com/2014/01/will-there-be-obamacare-death-spiral-in.html?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+HealthCarePolicyAndMarketplaceB log+%28Health+Care+Policy+and+Marketplace+Blog%29&m=1) in a remarkably candid blog post that, while Obamacare is almost certain to cause insurance costs to skyrocket even higher than it already has, “insurers won’t be losing a lot of sleep over it.” How can this be? Because insurance companies won’t bear the cost of their own losses—at least not more than about a quarter of them. The other three-quarters will be borne by American taxpayers.

For some reason, President Obama hasn’t talked about this particular feature of his signature legislation. Indeed, it’s bad enough that Obamacare is projected (http://www.cbo.gov/sites/default/files/cbofiles/attachments/44190_EffectsAffordableCareActHealthInsuranceCover age_2.pdf) by the Congressional Budget Office to funnel $1,071,000,000,000.00 (that’s $1.071 trillion) over the next decade (2014 to 2023) from American taxpayers,through Washington (http://2017project.org/2013/10/river-american-money-flows-d-c/#.UtHRRbTt2wU), to health insurance companies. It’s even worse that Obamacare is trying to coerce Americans into buying those same insurers’ product (although there are escape routes (http://2017project.org/2013/12/escape-obamacare/#.UtHR9rTt2wU)). It’s almost unbelievable that it will also subsidize those same insurers’ losses.

And the really rich part:


In other words, insurance purchased through Obamacare’s government-run exchanges isn’t even full-fledged private insurance; rather, it’s a sort of private-public hybrid. Private insurance companies pay for costs below $45,000, then taxpayers generously pick up the tab—a tab that their president hasn’t ever bothered to tell them he has opened up on their behalf—for four-fifths of the next $200,000-plus worth of costs. In this way, and so many others, Obamacare takes a major step toward the government monopoly over American medicine (“single payer”) that liberals drool about in their sleep.
Laszewski adds, “The reinsurance program has done and will continue to do what it was intended to do; help attract and keep more carriers in Obamacare than might have otherwise come.” Thus, Obamacare is being aided by having taxpayers subsidize big insurance companies’ business expenses. (Who could ever have guessed that big government and big business might be natural allies?)

As to that last part, a lot of us guessed it. It is par for the course for the Obama regime, patron of the mega corporations and the one percenters.

We told you so.

http://www.weeklystandard.com/blogs/bailing-out-health-insurers-and-helping-obamacare_774167.html

countryboy
01-13-2014, 08:23 AM
Another "we told you so" moment.



And the really rich part:



As to that last part, a lot of us guessed it. It is par for the course for the Obama regime, patron of the mega corporations and the one percenters.

We told you so.

http://www.weeklystandard.com/blogs/bailing-out-health-insurers-and-helping-obamacare_774167.html
But, but, but, it's not government run health care dammit!!!!!

Ivan88
01-13-2014, 11:04 AM
It has been a scam from day 1 designed to enrich the super-rich.

The insurance companies have been running this scheme for a long time.

Now it is institutionalized in reinforced concrete.

Just another yoke on the American people because they refuse to honor & obey "nature's God" and His Divine Intent for America.

Like Moses warned us, Don't do what you're supposed to do, and

"Those who hate you rule over you." (Leviticus 26:17)
5357

texan
01-13-2014, 11:30 AM
You have heard me complain about this! Anyone that is allowed to put a 25 billion dollar "miscellaneous" line item in a budget is incompetent. NO business allows crap like this is a budget. You want to spend the shareholder/tax payers money then assign it specifically. This was a bailout slush fund set up for insurance companies.