Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Obama looting the Treasury to pay off insurers (staving off O/Care collapse)
NYPOST.COM ^ | 2/21/16 | Betsy McCaughey, senior fellow at the London Center for Po

Posted on 02/22/2016 4:10:30 AM PST by Liz

UnitedHealthcare and Aetna insurers are losing billions trying to sell ObamaCare plans. In 2014, the WH tried to avert disaster by promising insurers a taxpayer-funded bailout, but public outrage and quick action by Sen Marco Rubio put a stop to it.

Desperate to keep insurers on board, they are now dipping into public money. On Feb. 12, the administration announced a whopping $7.7 billion to insurers, just this year alone....money taken from reinsurance fees....paid whether you buy your own plan or get covered at work, or if employer self-insures..... the fee is buried in your premium or taken out of your paycheck.

Obamacare law states a fixed share shall be deposited into the general fund of the US Treasury and may not be used to offset insurance company losses. But they got away with that heist; now they/re at it again. This rogue administration will go to any length to keep insurers hooked into O/Care.

Last year alone, Blue Cross Blue Shield of Texas got $549 million reinsurance funds, while Anthem Blue Cross of California got $401 million.

ObamaCare was sold on lies. When passed by a Democrat party line vote, the administration resorted to a long string of lawless executive actions to keep an unworkable scheme going. Obama has illegally delayed the employer mandate repeatedly. He/s handing out free ObamaCare plans to illegal immigrants. Statutory deadlines are routinely ignored; funds are slyly shifted from one program to another...the law be damned.

(Excerpt) Read more at nypost.com ...


TOPICS: Crime/Corruption; Government
KEYWORDS: 0carenightmare; mccaughey; obamacareinsurers

1 posted on 02/22/2016 4:10:30 AM PST by Liz
[ Post Reply | Private Reply | View Replies]

To: Liz
A slight correction is required:

"... but public outrage and quick action by our new favorite Presidential Candidate Sen Marco Rubio put a stop to it."

2 posted on 02/22/2016 4:14:42 AM PST by InterceptPoint
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

We have a regular employer-provided health insurance plan, and are starting to see higher co-pays and deductibles because the insurer is losing so much on ObamaCare plans. Obama delayed this until he could be safely re-elected, but I don’t think the Dem candidate of 2016 will be spared - especially since the two contenders both swear undying fealty to Obama.


3 posted on 02/22/2016 4:15:16 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

Rubio keeps bragging about having put a stop to this in the Senate.

Rubio is such a liar. And people are seriously considering him for president???


4 posted on 02/22/2016 4:21:50 AM PST by Menthops (If you are reading this..... the GOPe hates you!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

Bookmark.


5 posted on 02/22/2016 4:23:12 AM PST by SunTzuWu
[ Post Reply | Private Reply | To 1 | View Replies]

To: All
Jonathan Gruber admitted that they were RELYING on the stupidity of people in order to get O/Catre passed. The stupidity started at the top....and trickled down. They were so stupid, they even left a paper trail. Read on.

As far back as 2008, at the presidential debate in Nashville, Democrat candidate Obama advanced his signature plan that was ultimately enacted (by an historic straight Democrat party-line vote) into the "Affordable Care Act:"

QUOTING OBAMA: No. 1, let me just repeat, if youve got a health care plan that you like, you can keep it. All Im going to do is help you to lower the premiums on it. You’ll still have choice of doctor.

Repeated over and over by every loyal Democrat---- conning Americans into believing they'd be saving $2500.00 on healthcare costs.

========================================================

LOCK-STEPPING DEMOCRATS WEIGH IN
PARTY LOYALTY NOT SEEN SINCE 1930-40's ERA EUROPE
.

SEN. HARRY REID (D-Nev.): In fact, one of our core principles is that if you like the health care you have, you can keep it. (Sen. Reid, Congressional Record, S.8642, 8/3/09)

SEN. RICHARD DURBIN: We believe — and we stand by this — if you like your current health insurance plan, you will be able to keep it, plain and simple, straightforward. (Sen. Durbin, Congressional Record, S.6401, 6/10/09)

SEN. CHUCK SCHUMER (D-NY): If you like your insurance, you keep it. (U.S. Senate, Finance Committee, Bill Mark-Up, 9/29/09)

SEN. PATTY MURRAY (D-Wash.): Again, if you like what you have, you will be able to keep it. Let me say this again: If you like what you have, when our legislation is passed and signed by the President, you will be able to keep it. (Sen. Murray, Congressional Record, S.6400, 6/10/09)

SEN. MAX BAUCUS (D-Mont.): That is why one of the central promises of health care reform has been and is: If you like what you have, you can keep it. That is critically important. If a person has a plan, and he or she likes it, he or she can keep it. (Sen. Baucus, Congressional Record, S.7676, 9/29/10)

SEN. TOM HARKIN (D-Iowa): One of the things we put in the health care bill when we designed it was the protection for consumers to keep the plan they have if they like it; thus, the term ‘grandfathered plans.’ If you have a plan you like — existing policies — you can keep them. … we said, if you like a plan, you get to keep it, and you can grandfather it in. (Sen. Harkin, Congressional Record, S.7675-6, 9/29/10)

THEN-REP. TAMMY BALDWIN (D-Wis.): Under the bill, if you like the insurance you have now, you may keep it and it will improve. (Rep. Baldwin, Press Release, 3/18/10)

SEN. MARK BEGICH (D-Alaska): If you got a doctor now, you got a medical professional you want, you get to keep that. If you have an insurance program or a health care policy you want of ideas, make sure you keep it. That you can keep who you want. (Sen. Begich, Townhall Event, 7/27/09)

SEN. MICHAEL BENNET (Dem/Colo.): We should begin with a basic principle: if you have coverage and you like it, you can keep it. If you have your doctor, and you like him or her, you should be able to keep them as well. We will not take that choice away from you.(Sen. Bennet, Press Release, 6/11/09)

SEN. BARBARA BOXER (Dem/Calif.): So we Democrats want people to be able to keep the health care they have. And the answer to that is choice of plans. And in the exchange, we’re going to have lots of different plans, and people will be able to keep the health care coverage they need and they want. (Sen. Boxer, Press Release, 2/8/11)

SEN. SHERROD BROWN (D-Ohio): “Our Democrat bill says if you have health insurance and you like it, you can keep it…”(Sen. Brown, Congressional Record, S.12612, 12/7/09)

SEN. BEN CARDIN (D-Md.): “For the people of Maryland, this bill will provide a rational way in which they can maintain their existing coverage…” (Sen. Cardin, Congressional Record, S.13798, 12/23/09)

SEN. BOB CASEY (D-Pa.): “I also believe this Democrat legislation and the bill we are going to send to President Obama this fall will also have secure choices. If you like what you have, you like the plan you have, you can keep it. It is not going to change.” (Sen. Casey, Congressional Record, S.8070, 7/24/09)

SEN. KAY HAGAN (D-N.C.): ‘People who have insurance they’re happy with can keep it’ “We need to support the private insurance industry so that people who have insurance they’re happy with can keep it while also providing a backstop option for people without access to affordable coverage.” (“Republicans Vent As Other Compromise Plans Get Aired,” National Journal’s Congress Daily, 6/18/09)

SEN. MARY LANDRIEU (D-La.): “If you like the insurance that you have, you’ll be able to keep it.” (MSNBC’s Hardball, 12/16/09)

SEN. PAT LEAHY (D-Vt.): “[I]f you like the insurance you now have, keep the insurance you have.” (CNN’s “Newsroom,” 10/22/09)

SEN. BOB MENENDEZ (D-N.J.): “If you like what you have, you get to keep it” “Menendez is a member of the Senate Finance Committee, which is expected to release a bill later this week. He stressed that consumers who are satisfied with their plans won’t have to change. ‘If you like what you have, you get to keep it,’ he said.” (“Health Care Plan Would Help N.J., Menendez Says,” The Record, 6/19/09)

SEN. JEFF MERKLEY (D-Oreg.): “[E]nsuring that those who like their insurance get to keep it” “The HELP Committee bill sets forward a historic Democrat plan that will, for the first time in American history, give every American access to affordable health coverage, reduce costs, and increase choice, while ensuring that those who like their insurance get to keep it.” (Sen. Merkley, Press Release, 7/15/09)

SEN. BARBARA MIKULSKI (D-Md.): “It means that if you like the insurance you have now, you can keep it.” (Sen. Mikulski, Press Release, 12/24/09)

SEN. JAY ROCKEFELLER (D-W.Va.): “I want people to know, the President’s promise that if you like the coverage you have today you can keep it is a pledge we intend to keep.” (U.S. Senate, Finance Committee, Hearing, 9/23/09)

SEN. JACK REED (D-R.I.): “If you like the insurance you have, you can choose to keep it.” (Sen. Reed, Town Hall Event, 6/25/09)

SEN. BERNIE SANDERS (I-Vt.): “‘If you have coverage you like, you can keep it,’ says Sen. Sanders.” (“Sick And Wrong,” Rolling Stone, 4/5/10)

SEN. JEANNE SHAHEEN (D-N.H.): ‘if you have health coverage that you like, you get to keep it’ “My understanding … is that … if you have health coverage that you like you can keep it. As I said, you may have missed my remarks at the beginning of the call, but one of the things I that I said as a requirement that I have for supporting a Democrat bill is that if you have health coverage that you like you should be able to keep that. …under every scenario that I’ve seen, if you have health coverage that you like, you get to keep it.” (Sen. Shaheen, “Health Care Questions From Across New Hampshire,” Accessed 11/13/13)

SEN. DEBBIE STABENOW (D-Mich.): “As someone who has a large number of large employers in my state, one of the things I appreciate about the Democrat chairman’s remark is — is the grandfathering provisions, the fact that the people in my state, 60 percent of whom have insurance, are going to be able to keep it. And Mr. Chairman, I appreciate that. That’s a strong commitment. It’s clear in the bill … I appreciate the strong commitment on your part and the president to make sure that if you have your insurance you can keep it. That’s the bottom line for me.” (U.S. Senate, Finance Committee, Bill Mark-Up, 9/24/09)

SEN. JON TESTER (D-Mont.): “‘If you like your coverage, you’ll be able to keep it,’ Tester said, adding that if Medicare changes, it will only become stronger”. (“Tester In Baker To Discuss Health Care,” The Fallon County Times, 11/20/09)

SEN. TOM UDALL (D-N.Mex.): “Some worried reform would alter their current coverage. It won’t. If you like your current plan, you can keep it.” (“What I Learned: About Health Care Reform This Summer, By Your Lawmakers In Congress,” Albuquerque Journal, 9/8/09)

SEN. SHELDON WHITEHOUSE (D-R.I.): “..it honors President Obama’s programs and the promise of all of the Presidential candidates that if you like the plan you have, you get to keep it. You are not forced out of anything.” (Sen. Whitehouse, Congressional Record, S.8668, 8/3/09)

Sen. Al Franken (D-Minn.) the 60th vote on Obamacare: "people who are happy with their current plan, wouldn't need to change it."
FRANKEN YOUTUBE SOUND BITE http://www.youtube.com/watch?v=UCZmAYYNz8Ihttp://www.youtube.com/watch?v=UCZmAYYNz8I

6 posted on 02/22/2016 4:34:52 AM PST by Liz (SAFE PLACE? A liberal's mind. Nothing's there. Nothing can penetrate it.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: All

Pelosi was orgasmic at the O/Care signing. (Ut, oh. Harry's hands are not visible.)

The Obamacare atrocity was a cunning vehicle for
consolidating Dummycrat power. Dems cashed-in bigtime.

(A) Michelle's buddy---botched the billion dollar web site rollout---still doesn't work.

(B) Harry Reid's $4 billion "accidental" payment to then/Sen Landrieu is a clue to how the straight party-line vote got this atrocity passed.

(C) A multi-billion dollar slush fund---the Untraceable $8 Billion ObamaCare PR Budget---truly govt fraud at its finest.

Egged on by Pelosi, no one in Congress told Americans about Section 4002---which mandates an $8B untraceable fund to "promote" Obamacare (apparently b/c Boobamba had so little confidence in his signature legislation).

In 2010 Taxpayers are extorted $500 million, in 2011, $750 million, 2012, $1 billion, 2013, $1.25 billion, 2014, $1.5 billion and in 2015 and on, $2 billion........

7 posted on 02/22/2016 4:37:05 AM PST by Liz (SAFE PLACE? A liberal's mind. Nothing's there. Nothing can penetrate it.)
[ Post Reply | Private Reply | To 6 | View Replies]

To: Liz

RINOS too busy lining thier own pockets with insurance company “donations”..... that is why NOTHING GETS DONE.... just hot air


8 posted on 02/22/2016 5:30:54 AM PST by zzwhale
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

With Scalia gone not even the slightest chance of stopping him now either.


9 posted on 02/22/2016 6:00:38 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 1 | View Replies]

To: Liz

Had the treasury any, he would be looting it but it was bare when he arrived. He has spent the foreseeable future.


10 posted on 02/22/2016 6:22:01 AM PST by Phlap (REDNECK@LIBARTS.EDU)
[ Post Reply | Private Reply | To 1 | View Replies]

To: kearnyirish2

Same here.

We had the most excellent insurance at probably the lowest premium we had ever paid.

Then ObamaCare happened.

Deductibles went up.

Premiums went up.

Coverage’s went down.

I’m NOT complaining, we still have it a hundred times better that those either forced off, or those who have to buy ObamaCare.

Just observing.


11 posted on 02/22/2016 7:53:19 AM PST by Balding_Eagle ( The Great Wall of Trump ---- 100% sealing of the border. Coming soon.)
[ Post Reply | Private Reply | To 3 | View Replies]

To: Balding_Eagle

We have a criminal government. Our “leaders” are compromised losers. Sad isn’t it?


12 posted on 02/22/2016 8:57:08 AM PST by hal ogen (First Amendment or Reeducation Camp?)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Balding_Eagle

Sure, I don’t envy those forced into those plans, but the truth is, through our higher premiums, deductibles, and co-payments - we are ALL paying for the ObamaCare plans.


13 posted on 02/23/2016 3:36:36 AM PST by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
[ Post Reply | Private Reply | To 11 | View Replies]

To: Liz; SunkenCiv

Desperate to keep insurers on board, they are now dipping into public money. On Feb. 12, the administration announced a whopping $7.7 billion to insurers, just this year alone....money taken from reinsurance fees....paid whether you buy your own plan or get covered at work, or if employer self-insures..... the fee is buried in your premium or taken out of... [snip]

[hat tip to Liz]


14 posted on 03/06/2016 4:47:13 AM PST by Arthur Wildfire! March (Dire Threat to Internet Free Speech? http://www.freerepublic.com/focus/news/3394704/posts)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Arthur Wildfire! March; AdmSmith; AnonymousConservative; Berosus; Bockscar; cardinal4; ColdOne; ...

Thanks AW!M, related:
15 posted on 03/06/2016 4:34:32 PM PST by SunkenCiv (Here's to the day the forensics people scrape what's left of Putin off the ceiling of his limo.)
[ Post Reply | Private Reply | To 14 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson