Posted on 11/18/2013 3:26:41 PM PST by servo1969
This must have been one of those backroom deals we heard so much about Stuffed inside the Obamacare law passed by Democrats (with no Republican votes) is a provision that will reimburse insurance companies up to 80% of their losses due to Obamacare. Melissa Francis reported on FOX News:
Marco Rubio has been out highlighting the fact that there is this risk corridor where written into this law that nobody read is this idea that is insurance companies have 3% higher costs than they estimated as a result of whos in these pools, they can recoup 50% of that money from the government, from you and me. 8% higher than what they estimated, they can recoup 80%! This bailout of the insurance companies is the next big thing well all be talking about.
And, here we thought Democrats hated insurance companies.
[video]
WTF!
“What the Hell happened to this country?”
In a nutshell.....
We let stupid people vote.
Bastards
This has been out the for a while, just not widely noticed or commented on. It was part of how Obama got the companies to be quiet.
“All group policies have a 2-2.5% fee, that goes to the insurance companies. This is in addition to another .5 - 1% fee (3.5%, total - for now) thats also tacked on and goes in to various slush funds.
“
And another 3.5% charge to the insurance companies for using the exchange sites.
Does anyone else wonder how many dollars the insurance slipped into Democrats pockets to get this little gem inserted?
Its all about the money you know. Democrats can be bought cheap, and Pelosi has been known to sell out for almost anything.
My recollection was that the offer started with the Democrats plan. Part of the carrot to go with the many sticks.
No telling who ALL is in on the take, in that town. All compliments of you and I.
“They’ve printed too much money to make Wall Street look like it’s doing well under oboma...”
2.3 Trillion, in debt and fiat money to simulat .3 Trillion in growth. Currently, the economy is imploding a $2Trillion a year.
You mean the housing bubble that was caused by government interference with low rates and easy loans because everyone [at racially proportionate rates] deserves to have a house? Sounds familiar.
“they could build up a customer base by undercharging, and have the government pick up the tab for the losses.”
Which is why the current outrageous rates for 2013 should be considered introductory rates, as they were expected to go up significantly even before the rollout fiasco.
IMO—Insurance saw this Obamacare BS as a way to rape the American public with increased rates, and high deductibles,
They were stupid.
When it is done and Single Payer comes in, they will all be out of business.
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