... about time for the Royal Idiot to cut another executive order!
Posted on 12/12/2015 5:56:34 AM PST by Zakeet
When Barack Obama was campaigning for the presidency in 2008 and when he was selling Obamacare to the public in 2010, he made insurance companies the villains. In fact, on the eve of the passage of the Affordable Care Act, every Democratic spokesperson who appeared on TV to support the health reform legislation had one and only one argument to make: We needed Obamacare to protect ordinary people from ruthless, profit mongering insurance companies.
They said almost nothing about insuring the uninsured or controlling costs or making health care delivery more efficient. Instead, every advocate produced at least one example of what they claimed was insurance company abuse –usually from their home state or district.
How things have changed. Today, Democrats in Congress and the Obama administration are desperate to do something you may find surprising: give the insurance companies more than about $2.5 billion in bail out money.
That's not a misprint. They want to take tax money from people who already think their premiums are too high and their coverage too skimpy and give it to the very "villains" they were excoriating only a few years ago.
Here's the back story.
(Excerpt) Read more at forbes.com ...
... about time for the Royal Idiot to cut another executive order!
I wouldn’t put it past the GOP establishment to bail out Obamacare.
After all, they’re deathly afraid of saying “no” to Obama on anything.
Faced between taking a stand for principle or looking good in the press, the GOP will always take option 2 every time.
With the GOP, Obama can have his legacy because no one will oppose him.
Pundits keep saying OC is near death or dead.
Bull, as long as the government is forcibly confiscating my money for not being able to afford the overpriced and lousy coverage that is called OC, then it is not dead.
The reality is that bureaucracy and the numbers of ‘administrators’ have grown markedly since the anticipation and then implementation of Obamacare. These people, whose jobs don't involve actually taking care of patients, are comfortable in their well-paid (often much more than physicians) administrative roles, and they are in no hurry to see the system change in a way that could threaten their gravy train.
It’s hard to find a good guy in this story.
“Under a program called ‘risk corridor’ insurance, the federal government pledged to REDISTRIBUTE money from insurers who made profits to insurers who incurred losses for a period of several years.”
The old equal outcomes drug of choice. Those that make evil profits are punished.
I know some insurance companies did not want any of this - but many thought they could make a killing. Now these insurance companies that went along with the plan expecting the government to bail them out and help them ruin the competition - showed that they were evil after all. Surprise!
The real question is will the American people get screwed again in the extenuation of the bail out that Obama wants? Will the go along to get along Republicans in the House and Senate vote against Obama? The history of the last 7 years is not encouraging.
Democrats will start feeling the heat next year when the full penalty kicks in and it is an election year.
Wonder what they will offer to the voters?
Interesting that it is only a refund that is affected, too. Of course, this was designed to minimize the pain since the government already has your money vs forcing you to pay more.
Written into law<
P>What does that mean? Hussein will just change the law.
The government is graciously allowing us to pay $14,000 in premiums with a $6,000 deductible for EACH of my wife and myself.
SO...we pay the first $6,000 each of out medical costs before insurance kicks in a single dime.
As we are responsible adults, eat right, exercise and do not drink or smoke our annual medical costs are less than $1000.
So really what we are paying $14K for is to avoid the catastrophic medical bill. But $14K is a big pill to swallow. I believe that private insurance witout the government overhead could do better.
Obamacare is a bailout for the insurance industry.
Higher premiums,an outrageously high deductible, and enforced sign-ups.
This is the real reason why ObamaCare will fail ... because it has become obvious that the entire bill wasn't written by Obama, and it wasn't written by the Democrats who passed it in the House and Senate. It was written by the insurance industry.
Nancy Pelosi opened the lid on a dirty little secret when she made that idiotic statement that "we have to pass it [ObamaCare] to see what's in it." She was the Speaker of the U.S. House of Representatives, and she had no idea what was in that bill.
After all, they’re deathly afraid of saying “no†to Obama on anything.
Faced between taking a stand for principle or looking good in the press, the GOP will always take option 2 every time.
With the GOP, Obama can have his legacy because no one will oppose him.”
All the press has to do is yell “racism” and your prediction comes true with a vengeance
The Administration, with an approving nod from Congress, has been changing Obamacare over and over without any overt votes from Congress.
Last number I saw (several months ago) was that some 80 changes had been ‘allowed’ to Obamacare by executive fiat.
They ignore the contents of the Affordable Healthcare Act when they want and remake provisions to suit their needs. If insurance companies need $$$, you can bet Congress will be more than happy to bail them out. After all, that is why the insurance companies have their lobbyiests and make regular donations to politicians.
That's the good news.
But the bad news, according to the article, is that the limitation on bailouts expires at the end of this year.
Obama: Lying and distributing wealth for you, 24/7/365!
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