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ObamaCare losses so bad there's no money to bail out the insurers
Canada Free Press ^ | 10/03/16 | Herman Cain

Posted on 10/03/2016 9:28:25 AM PDT by Sean_Anthony

But Obama wants to do it anyway, and where do you suppose he wants to get the money? You can have one guess

A few days ago, we talked about the continued disaster that is ObamaCare. But I thought it would be worth taking a close look at one specific aspect of this disaster, because if President Obama gets his way, it will cost you. Dearly.

You might remember that, back in the days when the Obama Administration was trying to ram ObamaCare through Congress, health insurers were strangely on board supporting the bill. Why would they do that?


TOPICS: Business/Economy; Government; Health/Medicine; Politics
KEYWORDS: health; insurance; obama; obamacare
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1 posted on 10/03/2016 9:28:26 AM PDT by Sean_Anthony
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To: Sean_Anthony

But there’s been plenty of money for the Democrats.


2 posted on 10/03/2016 9:31:19 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: Sean_Anthony

Is the money lost...or owed to Joe Manchin’s daughter? :)


3 posted on 10/03/2016 9:32:52 AM PDT by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])
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To: Sean_Anthony

All by design.


4 posted on 10/03/2016 9:33:12 AM PDT by dfwgator
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To: Sean_Anthony

Insurance companies got played like fiddles.


5 posted on 10/03/2016 9:33:34 AM PDT by dfwgator
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To: Sean_Anthony

A bailout for the corporations is coming, count on it.


6 posted on 10/03/2016 9:33:36 AM PDT by Tea Party Terrorist (Why work for a living when you can vote for a living?)
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To: Sean_Anthony

7 posted on 10/03/2016 9:35:14 AM PDT by Red Badger (YES, I'm Deplorable! I Deplore the entire Democrat Party!....................)
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To: Sean_Anthony

Block all efforts. Defund the Treasury Claims office!! NOW!!


8 posted on 10/03/2016 9:35:45 AM PDT by WENDLE (UNexit. Go TRUMP!!)
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To: Sean_Anthony

We retired and started receiving social security. They take $244 out of mine and $244 out of my husband’s SS checks. That is almost $500 a month. Almost $6K per year. When he retired after 43 years at Dow Chemical as an engineer, not to mention working since he was about 12 or 13 and paying into SS and all other taxes, for example after school jobs, summer jobs, and jobs while in college... Paid a lot of taxes. And we were told we would get SS, and Medicare, when we turned 65. Well they didn’t tell us we had to pay for all these benefits for all the 50 years or more that he worked, and now when it is supposed to be FREE, we are still being charged for all this.

PS I have been to a doctor once so far this year, for an annual check up. No hospitializations etc.


9 posted on 10/03/2016 9:35:52 AM PDT by buffyt (ALL LIVES ARE PRECIOUS!)
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To: Sean_Anthony
ObamaCare built in certain guarantees that seemed to offer big rewards and little risks for insurers.

The essence of Too Big To Fail -- "As a businessman, I am prepared to take risks. Big Risks. Enormous risks. If these risks work out, I am going to pocket tens of millions of dollars! And if they don't work out, the taxpayers will pay for my loses."

Alternatively ...

Nicholas Nassim Taleb pushes the notion of "skin in the game" -- risk management means you're on the hook for all of the losses if your risks are realized. That's rule #1. Secondarily, if things work out well, you are entitled to your profits.

Having skin in the game makes for a much more responsible world.

10 posted on 10/03/2016 9:37:20 AM PDT by ClearCase_guy (Abortion is what slavery was: immoral but not illegal. Not yet.)
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To: buffyt

That $6K a year that the gov. is taking from us, was part of our retirement budget. We have Dow pension and our savings portfolio, but the SS is money we are entitled to, we paid into it for half a century, but I guess it is going to the illegal immigrants and terrorists they are bringing to USA now.


11 posted on 10/03/2016 9:37:54 AM PDT by buffyt (ALL LIVES ARE PRECIOUS!)
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To: Sean_Anthony

‘A few days ago, we talked about the continued disaster that is ObamaCare.’

Perhaps we woldnt be having this discussion if the republicans would have defunded it years ago. Oh no, that was too hard. Now we’re stuck with the bill. Yes, the dems forced it thru but the republicans stood by when they had the opportunity to kill it and did nothing.


12 posted on 10/03/2016 9:39:05 AM PDT by 556x45
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To: Sean_Anthony

There ain’t no way outta here, said the joker to the thief.


13 posted on 10/03/2016 9:39:26 AM PDT by VTenigma (The Democrat party is the party of the mathematically challenged)
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To: Sean_Anthony

ObamaCare losses so bad there’s no money to bail out the insurers...

But, he.is planning on paying them 5-8 billion from a “special” Treasury Department fund. Congress has not approved that expenditure so of course, it’s not legal. But, what difference does that make. Zero’s HHS Secretary says the payment is OK.


14 posted on 10/03/2016 9:39:43 AM PDT by Sasparilla (Hillary for Prison 2016)
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To: dfwgator

Insurance companies got played like fiddles.


A lot of us were saying it at the time, He was playing them the way Hitler played Stalin with the non-aggression pact.


15 posted on 10/03/2016 9:43:19 AM PDT by Mr. Douglas (Today is your life. What are you going to do with it?)
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To: Sean_Anthony; All

Sounds like unconstitutional Obamacare was another government-manufactured crisis.


16 posted on 10/03/2016 9:43:58 AM PDT by Amendment10
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To: buffyt

...We retired and started receiving social security. They take $244 out of mine and $244 out of my husband’s SS checks....

Medicare covers 80%. Is that for a Medicare supplement to cover the difference between that and your regular monthly Medicare withholding of $104.00 or so? What about your meds?


17 posted on 10/03/2016 9:44:19 AM PDT by Sasparilla (Hillary for Prison 2016)
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To: Mr. Douglas

Or as Malcolm the Tenth, put it....

Oh, I say and I say it again, ya been had!

Ya been took!

Ya been hoodwinked!

Bamboozled!

Led astray!

Run amok!

This is what He does....


18 posted on 10/03/2016 9:48:09 AM PDT by dfwgator
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To: buffyt

You WILL pay for Obola policy, and you WILL pay for Shrillary to admit 550% more Syrian Muslims!! Shut up and obey.... /s


19 posted on 10/03/2016 9:51:43 AM PDT by Enchante (Hillary's new campaign slogan: "Guilty as hell, free as a bird!! Laws are for peasants!")
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To: buffyt

buffyt wrote: “We retired and started receiving social security. They take $244 out of mine and $244 out of my husband’s SS checks. That is almost $500 a month. Almost $6K per year.”

So your retirement income is well above $200K?


20 posted on 10/03/2016 10:02:20 AM PDT by DugwayDuke ("A man hears what he wants to hear and disregards the rest")
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