(image courtesy of legalinsurrection.com)
This has been know for awhile. What it shows is the great uncertainty in terms of the makeup of the Obamacare Risk Pool. That’s hardly a surprise.
But note that at 80% reimbursement the Insurance Companies are operating at a loss. They’re not losing that much but they are still losing money. You are not going to keep them interested in that kind of business. Even at 100% it would still be ZERO PROFITS and they wouldn’t stick around very long for that kind of a deal.
This really isn’t as bad as it looks. It can only be a temporary thing while the Insurance Companies decide if this deal is any good.
And also note that if they do suffer losses in 2014 then the rates will have to go up to where there is no need for a subsidy in 2015 or they will still be losing money. Death spiral here we come.
bttt
And with some creative bookkeeping, the losses could work out very favorably for the insurance companies (and the Democrats, if they can figure out how to launder that money).
the bailout is going to be huge, hundreds of billions for sure
The government doesn’t have any money to give. They’re so generous with YOUR money.
On page 107 of the healthcare bill Obama facilitates Muslim triumphalism----the Muslim system of controlling non- Muslims who were conquered through jihad----including the TAXING of non-Muslims as a reward for Muslims having to tolerate the presence of infidels AND as a coercive means of converting the conquered to Islam.
ObamaCare allows the establishment of Dhimmitude and the Sharia Muslim diktat----Muslims are specifically exempted from the government mandate to purchase insurance, and also from the penalty tax for being uninsured. Islam considers insurance to be “gambling”, “risk-taking”, and “usury” and is thus banned. Muslims are specifically granted exemption based on their religious beliefs.
So Imam Louis Farrakhan and his followers will have no such penalty and have their health insurance needs subsidized by infidel taxpayers. <{> And that is known as "Dhimmitude" as facilitated by Obama/care.
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All those loyal Democrats who SUPPORT Obama AND VOTED for O/Care, also SUPPORT this atrocity. I guess Nancy doesn't know about it (cackle).
Isn’t this special.
This is de facto ‘Single Payer’. How is it not, other than for the fact doctors don’t yet wear U.S. gov’t issued badges?
And you thought the housing bubble was a disaster!
Follow the money. In the end, this is the main reason why people do what they do — corrupt politicians, even more so.
How much in terms of $billions is that going to cost? Add that in with the bureaucracy costs which already will cost us $151.8 billion annually. We could have covered the 18.5 million uninsured with a simple check for subsidized health insurance that would cost us only $55.5 billion. At $55.5 billion we would get healthcare at a bargain.
The Democrats are not reimbursing them—they are giving them money collected from the taxpayers.
Words just fail me.
I still think that we should come up
with a list of pro-Democrat Insurance Companies,
and try to send sick people there.
its the way of a democrat politician; they create a problem then devise a fix where they have personal gain as well and the taxpayer gets the bill. And due to MSM, the deems always get the kudos. This government is nothing but a SCAM machine to steel the peoples money!! I was going to say wealth but the wealthy seem to always get richer when democrats control DC.
and America takes another one in the........
If you like your promised reimbursements, you can keep them. Period. Nothing will take them away.
Really - who is believing that any losses will actually be reimbursed? Not that it’s right to do it anyway - it’s not. But why would any ins co just go ahead and take a loss... thinking that 0dumbo would really do what he says if they just save his skin?
I hope the racial guilt that put this clown in the Whitehouse is now a thing of the past.
Just proving your not a bigot does not require a vote to clear your conscious.
If Obama had been any other background, he would never have been re elected. Thank you MSM, Okra and the So called Rev Al.