Skip to comments.Nancy Pelosi’s ‘Emergency Coronavirus’ Obamacare Bailout Also Funds Abortion Coverage
Posted on 03/24/2020 5:52:34 AM PDT by Kaslin
The House speaker not only wants to use the coronavirus pandemic to entrench Obamacare, she wants to make taxpayers fund abortion in the process
In the words of her former House colleague Rahm Emanuel, Nancy Pelosi never wants to let a crisis go to waste. The House speaker not only wants to use the coronavirus pandemic to entrench Obamacare, she wants to make taxpayers fund abortion in the process.
A recent summary of the legislation Pelosi plans to introduce as an alternative to Senate Republicans stimulus bill laid out the strategy. House Democrats want to force insurers to reopen enrollment in the Obamacare Exchanges, and cover their losses via a taxpayer-funded bailout.
The available summary of the billthe summary!totals 62 pages, and nearly 25,000 words. It contains a veritable menagerie of liberal big-government programs and boondoggles. For instance, it creates a cash for clunkers program for the government to buy old airplanes. (Im not making this upcheck out page 53 of the summary.)
Page 13 of the summary also notes that the bill would spend $400,000 so Congress Office of the Attending Physician can buy N95 masks, surgical masks, gloves, swabs, test[s] and personal protective equipment. Somehow, the fact that Pelosi ensured Congress appropriated funds to protect itself failed to surprise this jaded observer.
Division G of the legislation includes a variety of health-care provisions, only some of which directly relate to the coronavirus pandemic. According to the summary, Section 301 of Division G would create a one-time special enrollment period for the [Obamacare Exchanges], allowing Americans who are uninsured to purchase coverage.
This proposal raises an obvious problem: Moral hazard. If individuals know they can forego coverage during the usual open enrollment period and obtain coverage later, healthy individuals will do just that: only buy insurance when they need it.
Some may argue that those who lose their jobs due to coronaviruseither a temporary furlough, or a permanent layoff, during the resulting downturnneed a way to buy coverage after losing their insurance. But individuals who lose employer coverage already have a way to purchase a new plan: They automatically qualify for a special enrollment period, during which they can replace their former employer plan with exchange coverage.
News reports suggest that insurers support reopening the exchanges for a special enrollment period. However, the insurance industry also wants federal dollars to offset their potential losses from such a move.
Insurers obviously did not account for the costs of coronavirus treatments last spring and summer, when they set their 2020 premiums; no one knew of the disease at that point. The unexpected costs associated with treating the disease will likely eat into insurers margins for 2020.
But allowing people to buy insurance in the middle of a pandemic will raise insurers costs even further. Consider that life insurers are already imposing waiting periods for at least some applicants during the pandemic. One actuary believes life insurers will shut down applications entirely, due to the overwhelming risks they face.
By contrast, health carriers will allow anyone to apply for insurance during the pandemic, if the government cover[s] anticipated losses. Hence Section 308 of Division G of Pelosis draft stimulus bill provides for a two-year program of risk corridors.
Pelosis bill would recreate an Obamacare program in place from 2014 through 2016 that would have exposed taxpayers to billions of dollars in losses, but for language inserted at the insistence of Republican members of Congress. Just a few months ago, insurers took a case over risk corridors to the Supreme Court, asking for the justices to give them the bailout funds that Congress declined to pay.
But as I noted nearly three years ago, when Republicans wanted to pass a stability bill bailing out Obamacare insurers, providing new federal dollars to insurers by definition represents taxpayer funding of abortion coverage. Only codifying the Hyde amendments pro-life protections for the risk corridor program would ensure that the bailout dollars will not flow to plans that cover abortion.
Of course, Pelosi did not include these Hyde Amendment protections in the summary of her bill, and likely would not allow a measure containing the protections to come to the House floor. Instead, the legislation represents a giveaway to both health insurers and the abortion industry.
Ironically, Senate Democrats objected to Republicans stimulus bill because they claimed it included a slush fund designed to bail out corporations. Perhaps they should have a conversation with Pelosi, because the Obamacare slush fund included in her bill would do the exact same thing.
President Trump should VETO this Crap unless Nancy Pelosi READS the Entire Bill on the Floo0r of the House Without Pause for the American People.
Yup. “We had to pass it for the good of the people”
And Trump will sign it.
We’ve seen this before.
That is obviously what you hope for.
You’re full of it.
Then rip Pelosi's in half.
Penlosi’s got an identity problem.
She think she’s Santa Claus and all the short-sighted little elfin Democraps are busy packing her sleigh.
Penlosi? I refer to her as Piglosi, or Pelousi
I deplore the reality that Republican squishy senators will cave and pass this bill which will not only bankrupt the country but install various kinds of tyranny and leave us in a state in which we cannot correct the excesses of the legislation without a supermajority control of the Senate and control of the other branches. Even then, the resolution of Republicans to do the right thing is dubious.
I think the Republicans should vote against the bill, I think the president should veto it, I think the entire approach should be changed, the country should be put back to work and old people like me should be quarantined.
She is striving to be Satan’s Queen.
Penlosi-—from the infamous day she signed the impeachment articles, and gleefully handed out personalized souvenir pens.
Im hoping old Pelosi did not slip something in it for Joe Biden s hapless seedling, Hunter-Gatherer Biden.
The Kennedy Center is a shell of what it once was. They have been having daily free concerts just to get potential ticket buyers in the doors. The largest crowd there in the past years was probably Trumps inaugural ball. The place is a tomb and waste of money.
yes I am..
they will fight over it, they might get a few democrat pet projects out of it, but for the most part, the house bill will be what is signed in to law.
Trump to nation: Nancy Pelosi wants to kill babies and not save lives.
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