Mr Crus seems to think that barry's pulling it of the Whitehouse garbage can....
Posted on 11/14/2013 3:02:23 PM PST by jimbo123
The Centers for Medicare and Medicaid Services (CMS) today released guidance to state insurance commissioners implementing President Obama’s “fix” for people losing their insurance. Not only does it violate the explicit text of Obamacare itself, but it also raises the possibility of insurers getting access to a new pool of bailout funds.
As previously reported, the Administration’s latest plan waives many of the costly mandates included in Obamacare that are scheduled to take effect on January 1, 2014. The guidance says that these requirements will be waived—in clear violation of the text of the law—for one year for all plans renewed between January 1, 2014, and October 1, 2014. CMS also implies these waivers could be extended, stating it will “assess…whether to extend [the waivers] beyond the specified timeframe.”
However, the real story is buried in the final paragraph of the three-page memo, where CMS implies it is exploring options to provide additional payments to insurers to offset their losses from this Obamacare debacle:
Though this transitional policy was not anticipated by health insurance issuers when setting rates for 2014, the risk corridor program should help ameliorate unanticipated changes in premium revenue. We intend to explore ways to modify the risk corridor program final rules to provide additional assistance.
(Excerpt) Read more at blog.heritage.org ...
the risk corridor program should help ameliorate unanticipated changes in premium revenue. We intend to explore ways to modify the risk corridor program final rules to provide additional assistance.
Is Obama just making this stuff up as he goes along?
For every extra dollar we have to put into this thing, we need to force Obama to cut from something else.
Risk corridor funding is not subject to Congressional appropriation. Obama can give the insurance companies as much money as needed by reinterpreting the Risk Corridor guidance. NO LIMIT to the bailout and NO APPROVAL from Congress needed.
The only way to deal with a CF of this magnitude is to do away with it and promise never to go there again.
The existing body of law, concerning government “bailouts” and enforcement of contracts, seems no longer to apply.
Talk about a “cowboy” president, this one lives in a universe that is ALL “Wild West” in regards to any legal code.
“Catch me if you can” seems to be the challenge he throws down to one and all.
One day, Peter Pan is going to be caught by his own shadow, and held in captivity as all the other Lost Boys.
So now even bureaucrats are spending our money? We apparently don’t need congress, or that silly old Constitution that says spending can only originate in the house, now it’s a free for all
Obama will bankrupt the next 10 generations if that's what it takes to have his "legacy".
That will be his legacy, although it will take those smitten with him a while to realize it.
Liability for damage to the risk pool would end up in HHS's lap, meaning the U.S. government, that's us, will end up having to pay for the lost premium revenue to the system, all without requiring Congressional authorization. The cancellation impact will be pushed off into early 2015, along with the much larger impact of the employer mandate.
It looks like the Democrats have achieved their objective of removing any political impact until well after Tuesday, November 4, 2014. If they are still taking heat, they will administratively push the date a bit further, which they are already hinting.
The political steam has probably been taken out of repeal efforts.
Sad, but true.
Well no, Sebelious can’t spend money that hasn’t been appropriated and no money has been appropriated for the corridor. No claim against the US could be made by anyone (IANAL however).
However, providing that money will be the signature campaign issue in 2014.
And a winning one for the Dems- no one cares what ‘free stuff’ costs.
No, he is blaming them for the problems and they know it.
This assumes the state Insurance Commissioners play along. Washington’s has already said no.
The Risk Corridor money has already been appropriated for 3 years (2014-2016) as part of ACA and Sebelius controls the disbursements.
HHS has clarified that it is conscious of the risk
corridor program’s non-symmetric nature, and states
in the March 1 regulations5 that funds will be paid
out regardless of the balance between payments and
receipts.
Appreciate your attention to this.
If funds have been appropriated (not to offend, this is a bery complicated law) they won’t be near enough after this change.
So the ‘compassionate’ Dems and RINOs- and their voters- will want more.
This will be a bludgeon against the Tea Party.
Yet Freepers think this issue will be to our benefit LOL!
Tokyo Rove said that Risk Corridor money only applies to ACA approved plans.
Three quick points:
1.) Tyrant Obama cannot legally change the Obamacare Bill that he signed into Law.
Only the US Congress can legally change the Law, which then can be signed by Obama.
_________
2.) The MANDATORY dictate in Obamacare is the only factor that is essential to that Federal Law.
Take out the MANDATORY dictate in Obamacare, and only the Federally subsidized, or chronically unhealthy will buy it.
For example:
“What would be the incentive for increased consumer demand for policy purchase of a NON-MANDATORY Obama Socialized Health Insurance Tax (OSHIT) instead of purchasing a policy from a private insurance company?”
_________________
3.) Will the House RINOs think of either of the above two points? I seriously doubt it.
The stupid bastards are bankrupting Medicare for "Obama's Folly"
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