Obamacare must be REPEALED!
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Posted on 11/15/2013 2:05:07 PM PST by jimbo123
Health insurance companies could see higher government payments because of President Obama's administrative move to address the criticism over canceled health plans.
White House spokesman Jay Carney suggested Friday that federal health officials would raise payments to insurance companies should the policy shift bring on unexpected costs.
"If the costs are higher, then [the Department of Health and Human Services] can mitigate those costs with insurers," Carney said at a briefing.
(Excerpt) Read more at thehill.com ...
The congress needs to defund HHS!
Risk Corridor Bailout? More like a Lying Marxist Bailout. Has anyone bothered to ask how much more this liar’s lie is going to cost us and why we should pay for his screw up? Take it out of his vacation fund.
Obama bails out BIG INSURANCE!
More like "Obama uses our money to bribe BIG INSURANCE to bail him out."
Another PROMISE broken... “I will not sign a plan that adds one dime to our deficits — either now or in the future.”
That's EXACTLY how it should be phrased. People are up to their necks in bailout anger. Companies who made poor business decisions and line the pockets of politicians get bailed out, but the little guy who plays by the rules and is prudent with his finances gets screwed.
They didn’t give any numbers.
The Insurance Companies, being no fools, protected themselves. They signed a contract with the FedGov to offer Exchange plans, with the previso that if they lose money, the FedGov would reimburse them 80% of their losses over 8%. [with no limit].
So if only 2 million ‘yutes’ sign up with an average premium of $6,000 per year, and 7 million were expected, the insurance companies would be short 5 million ‘yutes’, or
5 million x $6K = $30 Billion.
Deducting the 8% ...
8% of $30 Billion = $2.4Billion
So the subsidy would be ...
80% of ($30 - $2.4) Billion = $22 Billion
If they are short all 7 million, the subsidy would be about $31 Billion.... more than half of the total sequester this year.
There they go again - claiming that the government will make the payments. Tax Payers need to all become part of the Tea Party and form their own protection groups.
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