Skip to comments.Beware the Obamacare-Industrial Complex
Posted on 08/15/2017 4:29:52 AM PDT by Kaslin
The danger of a Republican bailout of Obamacare is mounting with every passing day. Moderate Republicans calling themselves the Problem Solvers Caucus are quietly negotiating with Democratic leaders Nancy Pelosi and Chuck Schumer to throw a multibillion-dollar lifeline to the Obamacare insurance exchanges.
This bailout, of course, would be an epic betrayal by the Republican Party, which has promised to repeal and replace the financially crumbling health law.
Obamacare's apologists object to the term "bailout" for this rescue package. The left prefers the euphemism "stabilizing the insurance market." They claim this is merely a payment to low-income families to help pay for escalating premiums. These payments were allegedly always part of the law as passed. The hypocrisy here is towering. These are the same people who told us over and over again that Obamacare was going to "bend the cost curve of health care down." These are the same people who promised that Obamacare was going to save the average family $2,500 a year in insurance premiums.
These were also the same people who swore to us that Obamacare wasn't going to raise the federal deficit by a dime. Oh, really? Where is the $10-20 billion to pay for this new federal subsidy going to come from? Pixie dust?
Incidentally, is there even one single Obamacare promise that has been kept after seven years?
So why is everyone suddenly rallying for an Obamacare bailout? The answer is simple. The new health law has given rise to an Obamacare-industrial complex. The health system is now like a junkie hooked on federal payments.
This addiction explains why the insurance companies are lobbying furiously for these funds alongside their newfound friends at left-wing interest groups such as the Center for American Progress. The irony of this alliance is that these left-wing "allies" hate insurance companies and want to abolish them. The insurance lobby is selling rope to its hangman.
Hospital groups, the American Medical Association and the AARP are joined by the Catholic Bishops, the American Heart Association and the American Lung Association. (If you are donating money to any of these groups, you might want to think again.) This health care-industrial complex has only one solution to every Obamacare crackup: more regulation and more tax dollars.
Proponents argue that there was an innocent mistake in the language of the Affordable Care Act (imagine that -- maybe next time they will read the bill before they vote on it) and that these bailout funds were intended to be automatic entitlement payments that would not have to be appropriated annually by Congress.
If they prevail, the insurance companies will get fatter and fatter checks from the government every year, no matter how much costs escalate. Financial accountability will be thrown out the window, and Obamacare will become an appendage of Medicaid, with exploding costs and a blank check from taxpayers.
This year the best estimate is that Obamacare will need at least $10 billion more to keep the system solvent. The death spiral in the program is intensifying with every passing month, so it's highly predictable these costs will reach $20 billion next year and more in the years that follow.
You can call this a bailout or just a swindle of taxpayers who were fed a litany of lies about Obamacare's virtues from the very start. Either way, taxpayers get shafted (again) and the Obamacare-industrial complex gets fat and happy. If Republicans are partners to this fiscal crime, then they are as culpable as the Democrats who passed this turkey in the first place and they certainly don't deserve to be the governing party.
I would also like to see a map of the medicare calculations for rates of reimbursement. The entire thing is a sham. Insurers do not take your bp, write your scripts or treat your cancer.. so why does trump and the gop want stabilization fraud funds? The first bill was 50 Billion , the second 70 billion.. I think this dog and pony show was created to move the bailout into the shadows. Bankers and I surers became one entity like taxpayer dollar locusts.
What is needed is s court case to the Supremes whereby Justice Roberts can "interpret" that innocent mistake into legislative law.
These “Health Care” CEOs make outrageous salaries. Tens of millions of dollars per year in some cases. No wonder they need billions in bail outs.
I’m talking about the insurance companies... what a private healthcare system pays its top management is far, far less than the insurance racket. That’s free market versus #CronyCapitalism. Why, why, why is medicare administered by insurance companies?
Get the insurance company out of medicare and start regional care centers for Medicare oatients, use the VA health system.
Trump needs to invite all the insurance company CEOs to the White House. Then humiliate them publicly because companies that need billions in government subsidies from tax payers should not be paying their CEOs $10 million dollar salaries.
“They claim this is merely a payment to low-income families to help pay for escalating premiums. “
Good. Then give everyone on Obamacare $2,500 and they can use that money to pay for medical treatment. Or not.
If they can keep the billions going to the insurance companies long enough, and they keep escalating year by year, as they will, it will have the effect on the public that they authors of Obamacare planned for all along - why are we paying all those billions for insurance company profits, when for the same $ we can have single payer.
The Medicaid expansion with 0-care has been a big boon mostly for big pharma.
I believe that that Merck or some other big drug company pulled out of Trump’s economic advisory team for some BS PC reason. I hope that this give Trump the impetus to pull the 0-care subsidies.
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.