8 votes

Up Next: A Health Insurance Company Bailout?


http://www.infowars.com/senators-push-bill-to-prevent-insura...

No wonder we had to wait to pass it to find out what was in it; had everyone known what was in it, it never would have passed.

Here is the latest ugly surprise hidden in the massive ObamaCare legislation: Taxpayers could end up reimbursing up to 80% of health insurers' costs if those costs exceed insurer estimates:

http://townhall.com/tipsheet/carolplattliebau/2013/11/18/up-...

Two little known (potential) insurance company bailouts already built into Obamacare
http://www.dailypaul.com/305431/two-little-known-potential-i...

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they are *Already doing it * defacto!

http://www.latimes.com/nation/la-na-insurance-bailout-201405...

"Hence, naturally enough, my symbol for Hell is something like the bureaucracy of a police state or the office of a thoroughly nasty business concern." ~~C.S. Lewis
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Sen. Marco Rubio, R-Fla.,

Sen. Marco Rubio, R-Fla., along with a half-dozen other Republican senators, introduced the “ObamaCare Taxpayer Bailout Prevention Act” on Tuesday. It would strip a provision in the Affordable Care Act pertaining to so-called “risk corridors,” which could allow the government to pay insurance companies to offset financial losses.

Rubio calls it a “blank check” for the industry.

Nuh-uh!!!!

Obama said he was going to!

Séamusín

Insurance company bailout? Oh please!

You can't accuse the insurance industry for the financial structure of the ACA, it's the governments law. They are requiring the insurance companies to broaden coverage and provide policies without caps, for 300 million people! How can actuaries possibly calculate a premium amount? They can't, it's mathematically impossible when there is an infinity factor in the equation. Insurance companies have been sharing risk since the time of the sailing ships and Lloyds of London. All insurance companies insure a portion of their risk through reinsurance, that's how large catastrophic claims like hurricanes are covered. Whats happening here is the government is acting as the re-insurer for the ACA. That's not a bailout.

The question to ask, is why are the existing reinsurance companies not providing the catastrophic reinsurance for the ACA? I think we know the answer, no reinsurance company is willing to risk their capital on this pig, no matter how much lipstick is on it.

SteveMT's picture

The dreaded "b" word surfaces again as in TBTF.

If it isn't clear that that insurance companies wrote Obamacare, it should be now. Ugh.

Howard Dean: Health Care Bill

Howard Dean: Health Care Bill 'Bigger Bailout for the Insurance Industry Than AIG'
WASHINGTON, Dec. 16, 2009
By HUMA KHAN and JONATHAN KARL

President Obama said he likes the Senate health care compromise and wants it passed by Christmas, but he faces a revolt from some liberals who say the health care bill has been gutted to appease insurance companies.

"This is a bigger bailout for the insurance industry than AIG," former Democratic National Committee chairman and medical doctor Howard Dean told "Good Morning America's" George Stephanopoulos today. "A very small number of people are going to get any insurance at all, until 2014, if the bill works.

http://abcnews.go.com/GMA/HealthCare/howard-dean-health-care...

What Howard Dean is saying, is that the ACA will fail

He was an advocate for the single payer "medicare for all" option. Without near 100% participation it will fail. I wonder what did they know and when did they know it?
http://www.dailypaul.com/303321/was-obama-care-designed-to-f...

Yes. He's very up front about

Yes. He's very up front about single payer and raves about it's use in VaMant.

Negligence? Absolutely.

Negligence? Absolutely. Incompetence? The case can be made. But scandalous? To suggest that the White House has willfully engaged in the intentional misleading of the public and an outrageous dereliction of its responsibilities to enforce the laws passed by Congress has been a bridge too far. Until recently. New revelations are now forcing even the most reluctant of President Barack Obama’s critics to concede that the Affordable Care Act’s implementation has evolved into a scandal.

“I was not informed directly that the website would not be working, as the way it was supposed to,” Obama told reporters on November 14. “Had I been informed I wouldn’t be going out saying, ‘boy, this is going to be great.’”

“You know, I’m accused of a lot of things but I don’t think I’m stupid enough to go around saying this is going to be like shopping on Amazon or Travelocity a week before the website opens if I thought that it wasn’t going to work,” the president continued.

While the president may have been telling the truth – that he was not “informed directly” that the ACA exchanges web portal would not function on its October 1 launch date – recently uncovered details of the ACA website’s design and construction phase indicate that members of his cabinet were.

A report which surfaced in the Washington Post as a result of the work done by congressional investigators shows officials with the Centers for Medicare & Medicaid Services and Department of Health and Human Services, including Sec. Kathleen Sebelius, were informed of the scale of the problems plaguing the website’s construction as early as April.

http://www.mediaite.com/online/rothman-new-revelations-trans...

‘A mom who thought she was

‘A mom who thought she was properly parenting by sending her two young kids to school with a homemade, whole-food lunch was shocked to find a penalty note from school officials informing her that the lunch of roast beef, potatoes, carrots, oranges and milk she provided was “unbalanced” and therefore had to be supplemented with Ritz crackers.

She was also fined $10.’