and America takes another one in the........
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 who’s 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 we’ll all be talking about.”
And, here we thought Democrats hated insurance companies.
[video]
and America takes another one in the........
If you like your promised reimbursements, you can keep them. Period. Nothing will take them away.
Really - who is believing that any losses will actually be reimbursed? Not that it’s right to do it anyway - it’s not. But why would any ins co just go ahead and take a loss... thinking that 0dumbo would really do what he says if they just save his skin?
I hope the racial guilt that put this clown in the Whitehouse is now a thing of the past.
Just proving your not a bigot does not require a vote to clear your conscious.
If Obama had been any other background, he would never have been re elected. Thank you MSM, Okra and the So called Rev Al.
“Does anyone else wonder how many dollars the insurance slipped into Democrats pockets to get this little gem inserted?”
I think they probably wrote the ACA.
I thought the reimbursement rate was even higher.
Oh, well, it’s just CRA all over again. The banks were told to do stupid things but they didn’t want to lose money, so the gummint pledged to cover most of their losses.
That worked out well, didn’t it?
Now the insurance companies are told to do stupid things but they don’t want to lose money, so the gummint is pledging to cover most of their losses.
This should work out really well, too, won’t it??
that nobody read, the only thing that sticks in my throat everytime and the reason we are where we are today.
We were promised, even as late as 2/2013, that ZerosCare (as well as other Zero programs) "won’t add ‘a single dime’ to deficit!"
Rage over Insurance company bailouts mortgaging our children's and grandchildren's futures should be ripe to come a boil by 2/2014.
HF
Simple. Don’t pay taxes. If the government doesn’t have any money how are they going to reimburse insurance companies?
Except it doesn't. Do some fact checking.
“The public will be on our side if the Dems are pushing an insurance bailout in response to their own failures.”
Think again. The public voted for these criminals. Public dumb.
the progressives public bullying of the corporate world is their way of getting them on board with buying protection from them in the regulations, with campaign contributions
the finance industry was Obama’s biggest supporters in both elections
Liz, thanks for the reminder -— this is more stealth jihad.
as long as my premiums go down $2500 a year.....
/sarc
Congress can change this. Keep repaeting: NO MORe BAILOUTS.
With what???
Ohhh, wait...I forgot, those 3 trillion dollars in taxes coming January 1st...
Yeah, that lie about taxes onlyh going up for those “earning” (yeah, I know, funny) more than $250,000 a year...
Wonder what those folks who make only $249,999 are thinking???
(Whew!!! They missed us!!!)
Uhhhhhh, guess again Del Ray!!!
The chickens are coming home to roost...And we told ya so...
So this is what that secret meeting with the big Insurance company executives was about last week in the White House...
It really is getting easier and easier to connect the dots...
How did you come up with the 2015 date?
Billions and billions of dollars into the back pockets and Swiss bank accounts of insurance company CEOs and executives in exchange for them not having fought this Obortion.
Not without a budget authorization from the House.
Clown Prince nobama don’t need no steeenkin’ laws. Congress should impeach and convict the commie.
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