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+---- Thread: Obama has plan to bail out insurers because of Obamacare losses (/thread-690430.html)
Obama has plan to bail out insurers because of Obamacare losses - smn1256 - 05-26-2014 12:50 AM
The Obama administration has quietly adjusted key provisions of its signature healthcare law to potentially make billions of additional taxpayer dollars available to the insurance industry if companies providing coverage through the Affordable Care Act lose money..
The move was buried in hundreds of pages of new regulations issued late last week. It comes as part of an intensive administration effort to hold down premium increases for next year, a top priority for the White House as the rates will be announced ahead of this fall's congressional elections.
Administration officials for months have denied charges by opponents that they plan a "bailout" for insurance companies providing coverage under the healthcare law.
They continue to argue that most insurers shouldn't need to substantially increase premiums because safeguards in the healthcare law will protect them over the next several years.
But the change in regulations essentially provides insurers with another backup: If they keep rate increases modest over the next couple of years but lose money, the administration will tap federal funds as needed to cover shortfalls.
You just have to read the rest
RE: Obama has plan to bail out insurers because of Obamacare losses - JMUDunk - 05-26-2014 01:24 AM
Sorry, SMN, not directed at you.
But this should fall squarely into the "No schit sherlock" category of Capt. Obvious. Of course there's a bailout on the way, only way to get Big Insurance on the bus. They knew they were covered and may well get millions of "new" customers, ALL with the backing of the full faith and credit of the US Gubment to back them up.
Of course what that really means is the taxpayer. Primarily the young, healthy suckers that bought into this ponzi scheme in the first place. Congrats suckers, another obammybailout is on YOUR books.
17 trill and a'countin'. Hows that sitting with you?
Hopey-Changey!
RE: Obama has plan to bail out insurers because of Obamacare losses - EagleX - 05-26-2014 03:46 PM
a guaranteed margin and millions of new, captive customers is how the obamites bought out the insurance companies -- something like the way they bought out big pharma.
sooner or later, someone(s) in the healthcare industry is going to have to eat it so that the obamites' chosen few could remain financially unscathed. it's beginning to look like that will be doctors and hospitals.