[Liz]

Now the insurers: instead of having half of their insured older/sicker people and the other half younger, healthier, and involuntarily paying into it (as Obama envisioned), they could conceivably end up with 100% older/sicker people with no penalties on the others to subsidize it.

"Now, I don't want you insurers to worry; when you start
losing money, we are going to jump in and bail you all out."

Obama Siphoned off Billions in GSE Dividends To Prop Up OBAMACARE

ZeroHedge ^ | April 2, 2017 / FR Posted on by Zakeet

Earlier this month, Harvard Ph.D. Jerome Corsi of InfoWars (@jerome_corsi) and a CPA "who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac," confirmed a 2012 scheme hatched by the Obama administration.

The audacious looting involved funnelling hundreds of billions in dividends from Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac to prop up the failing Obamacare program - by paying subsidies to insurers to remain in the system. [Snip]

The conclusion reached by Corsi and others is that this was probably illegal. In fact, House Republicans actually sued the Obama Administration in 2014 over the fact that the subsidies to insurers weren't appropriated by congress and won, which the Obama administration appealed.

Zerohedge and the Atlanta Journal Constitution pointed out last week, the Trump administration has until May 22nd to decide whether or not to pursue the appeal: (Excerpt) Read more at zerohedge.com ...

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The Royal Idiot doesn't know much........ but he learned in "the community" that laws don't matter.

The half-caste misfit could care less about US laws: that tax dollars designated by Congress for one use cannot be appropriated for another.

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AND THIS--

O/Care architect, MIT economics prof Jonathan Gruber, argued that perceived rising premium costs are really a one-time increase in 2016 to cover “massively underpriced” policies for the first two years of the 2010 law. He also said the increase “fixed” the problem because insurance companies were seeking signs of profitability and talking optimistically about continued participation in the program.

I guess Obama didn't let Gruber in on the "billion dollar secret."
Probably Obama was depending on Gruber's stupidity (smirk).

[kearnyirish2]

These insurers loved this law when they believed it created a herd of involuntary customers for them; even before Trump’s election they realized they’d been snookered and started dropping out.

I don’t think they expect the government to bail them out so much as apply the screws to the new herd of serfs - and those serfs would bail them out...