Skip to comments.HHS: 'Explore OTHER SOURCES OF FUNDING' to Cover Obamacare Losses
Posted on 11/23/2015 9:14:42 PM PST by TigerClaws
Obamacare is killing the heath insurance industry, but help for health insurers is on the way - and it will be coming out the pockets of American taxpayers via higher insurance rates and a federal bailout.
When the government says, "Explore other sources of funding" and "working with Congress on the necessary funding," it's time to hide your wallet and get ready to study a few more pages of tax code.
As MRCTV reported Thursday, United Healthcare lost $425 million on its policies sold via the Obamacare exchanges, and they might back out of the exchanges all together after 2016. And United Healthcare isnât alone. U.S. insurers had to absorb nearly $2.9 billion in unexpected medical expenses from their customers in Obamacare's exchanges in 2014, according to new data from Centers for Medicare and Medicaid Services.
(Excerpt) Read more at mrctv.org ...
Realistically, where is the budget point where the thing fails without Congress acting? End of 2017? And the odds of Congress (the Republicans) volunteering to act? Even to end it? I see this massive failure of the health care system to occur by 2020 and half of all Americans unable to afford even marginal insurance (which used to exist prior to episode).
Always Grubering America.
There is only one source.
You can bet the majority will be calling for free goodies rather than blood.
Force Obama and ALL of Congress to go on Obamacare and all this stops pretty quickly. If it’s good enough for us then it’s good enough for them right? Wrong, it comes to an end as soon as their exemption does.
The whole Obamacare thing was originally sold as the way to help 15 million people get access to *affordable* health care.
Go ask ISIS. Apparently they provide *great* health care coverage.
And restaurant inspections.
It never ends. We just need to convince ISIS that 0 has turned on them and let them fix the problem...
Bend over and take it America. The leftist and lefter government we have will fold in a heartbeat after the appropriate amount of bloviating and tough talk. And we will all be the poorer for it.
It’s a slow fade.
They have plenty of hope, change, pixie dust and unicorn poop. That ought to be worth something.
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