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The Bail Out Of The Insurance Companies Has Arrived. No Way This Happens.


Guest Deisel
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Bailing Out Health Insurers and Helping Obamacare

Robert Laszewski—a prominent consultant to health insurance companies—recently wrote 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.

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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 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, 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). It’s almost unbelievable that it will also subsidize those same insurers’ losses..........

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

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The paranoia is strong with this one. Snak must wake up every day on a mission to see what tops his paranoid agenda for the day. Sad. Effin sad.

so you are on the record that obama isn't trying to bailout the insurance company's?
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Not only are the insurance companies going to be bailed out but 75% of ALL the Obamacare signups are needing Tax payer subsidies as well. Add all the medicare additions and this bondogle is a COMPLETE DISASTER......This tax and spend program is going to cost America $3 trillion per year.

Nearly four in five Americans who have enrolled in Obamacare need taxpayer-funded subsidies to pay for their premiums.

According to the White House, 79% of those enrolled in Obamacare need subsidies because they cannot otherwise afford the premiums that have, in some cases, nearly doubled. Only 21% did not need subsidies.

As Businessweek noted, people "earning up to four times the poverty rate—as much as $96,000 a year for a family of four"—can get Obamacare subsidies from the federal government.

The White House said 2.1 million Americans had signed up for Obamacare plans by the end of December, though many of these Americans may not yet have coverage because of a variety of glitches and malfunctions that have plagued the Obamacare websites.

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Holy Batchit, this NEW entitlement program DWARFS early predictions. Can you imagine how much this will Cost?

HHS: 90 Percent of People on Exchanges Will Get Federal Funding.

nation.foxnews.com

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