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 ...
"... but public outrage and quick action by our new favorite Presidential Candidate Sen Marco Rubio put a stop to it."
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.
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???
Bookmark.
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. Youâll 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.
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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 â and we stand by this â 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 âgrandfathered plans.â If you have a plan you like â existing policies â 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, weâre 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): âOur Democrat bill says if you have health insurance and you like it, you can keep itâ¦â(Sen. Brown, Congressional Record, S.12612, 12/7/09)
SEN. BEN CARDIN (D-Md.): âFor the people of Maryland, this bill will provide a rational way in which they can maintain their existing coverageâ¦â (Sen. Cardin, Congressional Record, S.13798, 12/23/09)
SEN. BOB CASEY (D-Pa.): âI 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.â (Sen. Casey, Congressional Record, S.8070, 7/24/09)
SEN. KAY HAGAN (D-N.C.): âPeople who have insurance theyâre happy with can keep itâ âWe need to support the private insurance industry so that people who have insurance theyâre happy with can keep it while also providing a backstop option for people without access to affordable coverage.â (âRepublicans Vent As Other Compromise Plans Get Aired,â National Journalâs Congress Daily, 6/18/09)
SEN. MARY LANDRIEU (D-La.): âIf you like the insurance that you have, youâll be able to keep it.â (MSNBCâs Hardball, 12/16/09)
SEN. PAT LEAHY (D-Vt.): â[I]f you like the insurance you now have, keep the insurance you have.â (CNNâs âNewsroom,â 10/22/09)
SEN. BOB MENENDEZ (D-N.J.): âIf you like what you have, you get to keep itâ âMenendez 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 wonât have to change. âIf you like what you have, you get to keep it,â he said.â (âHealth Care Plan Would Help N.J., Menendez Says,â The Record, 6/19/09)
SEN. JEFF MERKLEY (D-Oreg.): â[E]nsuring that those who like their insurance get to keep itâ âThe 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.â (Sen. Merkley, Press Release, 7/15/09)
SEN. BARBARA MIKULSKI (D-Md.): âIt means that if you like the insurance you have now, you can keep it.â (Sen. Mikulski, Press Release, 12/24/09)
SEN. JAY ROCKEFELLER (D-W.Va.): âI want people to know, the Presidentâs promise that if you like the coverage you have today you can keep it is a pledge we intend to keep.â (U.S. Senate, Finance Committee, Hearing, 9/23/09)
SEN. JACK REED (D-R.I.): âIf you like the insurance you have, you can choose to keep it.â (Sen. Reed, Town Hall Event, 6/25/09)
SEN. BERNIE SANDERS (I-Vt.): ââIf you have coverage you like, you can keep it,â says Sen. Sanders.â (âSick And Wrong,â Rolling Stone, 4/5/10)
SEN. JEANNE SHAHEEN (D-N.H.): âif you have health coverage that you like, you get to keep itâ âMy 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. â¦under every scenario that Iâve seen, if you have health coverage that you like, you get to keep it.â (Sen. Shaheen, âHealth Care Questions From Across New Hampshire,â Accessed 11/13/13)
SEN. DEBBIE STABENOW (D-Mich.): âAs someone who has a large number of large employers in my state, one of the things I appreciate about the Democrat chairmanâs remark is â 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. Thatâs a strong commitment. Itâs 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. Thatâs the bottom line for me.â (U.S. Senate, Finance Committee, Bill Mark-Up, 9/24/09)
SEN. JON TESTER (D-Mont.): ââIf you like your coverage, youâll be able to keep it,â Tester said, adding that if Medicare changes, it will only become strongerâ. (âTester In Baker To Discuss Health Care,â The Fallon County Times, 11/20/09)
SEN. TOM UDALL (D-N.Mex.): âSome worried reform would alter their current coverage. It wonât. If you like your current plan, you can keep it.â (âWhat I Learned: About Health Care Reform This Summer, By Your Lawmakers In Congress,â Albuquerque Journal, 9/8/09)
SEN. SHELDON WHITEHOUSE (D-R.I.): â..it honors President Obamaâs 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.â (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
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........
RINOS too busy lining thier own pockets with insurance company “donations”..... that is why NOTHING GETS DONE.... just hot air
With Scalia gone not even the slightest chance of stopping him now either.
Had the treasury any, he would be looting it but it was bare when he arrived. He has spent the foreseeable future.
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.
We have a criminal government. Our “leaders” are compromised losers. Sad isn’t it?
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.
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]
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