Now we find out what’s in it: Obamacare’s taxpayer bailout for health insurers

Conservative Intel ^ | 10/26/13 | David Freddoso

[The Old Hoosier]

The short version? Obamacare contains a partial bailout for insurers with losses greater than 3 percent in any of the first three years...

[Venturer]

This turkey has more stuffing than any Christmas Turkey I have ever had.

[McGavin999]

WHAT!!!

[CyberAnt]

However, when the program goes belly-up .. all the insurers will probably go out of business ..??

And .. is that part of the goal .. to sink that horrible insurance industry ..??

And .. how many hundreds of thousands of jobs will be lost as a result ..??

O’Care is the dynamite that will blow our economy to smitherines .. exactly what “O” wants.

[Baynative]

Once the system is rendered unsustainable and a single payer government plan is created all the money paid in by people will become mandatory, probably deducted from paychecks like FICA.

At that point it will be slipped into the congressional playground called the general fund and used for extortion and bribes just like social security.

[bgill]

probably deducted from paychecks like FICA

Bingo!

[mythenjoseph]

from what i got out of the article it states that if projections are off from the insurance co.s -3% in the red after all is dispensed ...50% of loss recouped with taxpayer $...if -8%,reaps 80% of loss with tax payer $....scam of the highest order....who’s to stop insurers from fudging #s just likw washington does so they can pull free money to the firm?

[pallis]

“...it won’t go over well with the people.”

Big deal, right? Obama will make a speech, lots and lots of speeches. Nanny Pelosi will tell us to take a chill pill, and wait to understand the rest of it. The media will accept the regimes call to arms, and the people will be screwed again.

[GeronL]

Corporate Welfare

[Mike Darancette]

No wonder the insurance companies are slavishly licking Obama’s boots. The federal government could be in for quite a liability. Assume that the fed will pay the maximum amount.

[Bratch]

Once the system is rendered unsustainable and a single payer government plan is created all the money paid in by people will become mandatory, probably deducted from paychecks like FICA.

At that point it will be slipped into the congressional playground called the general fund and used for extortion and bribes just like social security.

Don't forget the nationalization of pension plans and tax-sheltered savings/retirement plans.

It's the only way to keep the federal giveaway system viable.

[SunkenCiv]

Thanks The Old Hoosier.

Here are 123 reasons why hypocrite politicians and unions that support Obamacare want exemptions...
wordpress | October 25, 2013 | Dan from Squirrel Hill
Posted on 10/25/2013 12:51:11 AM PDT by grundle
http://www.freerepublic.com/focus/bloggers/3083397/posts

[Oldeconomybuyer]

Bump