Of course, the function of an insurance company is, like that of any business, to make money for itself. So the situation wasn’t good to begin with, if only because the federal government was already very involved, both from a regulatory and a consumer end.
They were originally hoping for more flexibility, which had gradually been taken away from them. Then Obama made them an offer they couldn’t refuse, because he basically guaranteed them huge profits for a theoretical risk that probably never got realized (preexisting conditions, which in my case meant a treated melanoma I had 30 years ago that prevented me from buying insurance ever after) on the one hand and huge deductibles on the other. So from their point of view, what’s not to love?
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The Untraceable $8 Billion ObamaCare PR Budget---truly govt fraud at its finest. Egged on by Pelosi, Democrats slavishly voted for Obamacare by an historic straignt-party line vote.
Not one Democrat told Americans about Obamacare's Section 4002---which mandates an $8B untraceable fund to "promote" Obamacare (apparently b/c Boobamba had so little confidence in his signature legislation).
THE PAYOFF--WHO GOT THE MONEY? 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
<><> Where is all that money going?
<><> Was cashing-in the incentive in getting the thing passed?
The sound of West Wing wire-transfers to state Democratic organizations and to offshore banks is almost palpable.
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Turns out Obamacare is a vehicle for consolidating Dummycrat power.....complete w/ a multi-billion dollar slush fund financed by your tax dollar.
ITEM---A local couple called 10News concerned after they received an envelope from Obamacare website, Covered California. Inside was a letter discussing voter registration and a registration card pre-marked with an "x" in the box next to Democratic Party.
ITEM---Obamacare web site is also a voter registration site.