Obama Health Care Regulators Are In A Last-Minute Frenzy To Do More Damage

Investor's Business Daily ^ | 5/11/2016 | Staff

[Liz]

FYI TAXPAYERS---2/22/16 FR POSTED

Obama looting the Treasury to pay off insurers (staving off O/Care collapse)

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.

[thirst4truth]

Was able to keep my major medical policy as it was grandfathered in. It did not include maternity care, I am 63, nor drug rehab care nor mental care, it went up $300 a month over that last three years, but my deductible remained at $7500, $642 a month for two of us.

Lifewise my insurance company who we have been with for over 20 years is leaving Oregon and we have to get a new policy. I was so hoping that we could keep our insurance like our POTUS promised at least until Medicare at 65, but no we will have to pay $600-700 apiece to get another policy for the 15 months we have left before Medicare, I am soooooo pissed.