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07:03 PM
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Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:BattlesightZero:MV8yNDU3Nzc5XzQyMzA0OTM1X0ExNTdBNTg2] [quote:Anonymous Coward 51917648:MV8yNDU3Nzc5XzQyMzAzMjk1X0NBM0E5QTU0] [quote:Anonymous Coward 51917648:MV8yNDU3Nzc5XzQyMzAzMjY0XzNBQTVCNjBE] But that’s exactly what it will do—unless Republicans take action. As Laszewski explains, Obamacare contains a “Reinsurance Program that caps big claim costs for insurers (individual plans only).” He writes that “in 2014, 80% of individual costs between $45,000 and $250,000 are paid by the government [read: by taxpayers], for example.” In other words, insurance purchased through Obamacare’s government-run exchanges isn’t even full-fledged private insurance; rather, it’s a sort of [color=red]private-public hybrid. Private insurance companies pay for costs below $45,000, then taxpayers generously pick up the tab—a tab that their president hasn’t ever bothered to tell them he has opened up on their behalf—for four-fifths of the next $200,000-plus worth of costs.[/color] In this way, and so many others, Obamacare takes a major step toward the government monopoly over American medicine (“single payer”) that liberals drool about in their sleep. [/quote] Here comes the pain. [/quote] :biden-smirk: [/quote]
Original Message
According to Robert Laszewski, a consultant to health insurance companies, health insurance companies are not losing sleep over losing money due to Obamacare. Why aren't they losing any sleep? Because three quarters of their losses are to be re-paid by the American tax payers! Never mind that projections show that Obamacare will swindle $1.071 TRILLION from American tax payers over the next decade, now they are subsidizing their losses!
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link to www.weeklystandard.com
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