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Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!

 
The Kraken
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01/13/2014 09:22 AM
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Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
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!

LINK:
[link to www.weeklystandard.com]
The Kraken (OP)

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01/13/2014 09:34 AM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
bump
The Kraken (OP)

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01/13/2014 09:53 AM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
bump
Anonymous Coward
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01/13/2014 09:56 AM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
bump
The Kraken (OP)

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
bump
 Quoting: Anonymous Coward 52207953


Thank you!
Anonymous Coward
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01/13/2014 10:13 AM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
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 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. 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.
Anonymous Coward
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01/13/2014 10:16 AM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
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 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. 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.
 Quoting: Anonymous Coward 51917648


Here comes the pain.
The Kraken (OP)

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01/13/2014 10:19 AM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
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 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. 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.
 Quoting: Anonymous Coward 51917648


This is just even more proof that a single-payer system is what they have wanted all along. If it wasn't obvious before, it should be now.
AlcoholicRunner
I abduct humans and drink at the same time.

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01/13/2014 11:27 AM

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
obdisaster
AlcoholicRunner
I abduct humans and drink at the same time.

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
obdisaster
Anonymous Coward
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01/13/2014 11:30 AM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
Anyone else reporting this? Can't find anything legit. Just op-ed and blogs.
Carnac The Magnificent

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01/13/2014 11:33 AM

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
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 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. 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.
 Quoting: Anonymous Coward 51917648


This is just even more proof that a single-payer system is what they have wanted all along. If it wasn't obvious before, it should be now.
 Quoting: The Kraken


All of this is still very risky for the insurance companies and I wonder why they agreed to jump in bed with the administration. You would almost have to be threatened with 'this or a single-payer system and you are out of business' situation.

A single-payer system -- will put millions involved in the administrative aspects of healthcare out of work, in addition to millions of employees in the private insurance area.

Would it save money -- yes, in the short term.
It would also devastate our economy further.
It would also give government full control of our healthcare and quickly destroy the industry.
Anonymous Coward
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01/13/2014 12:03 PM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
“I am confident that the model we’ve built, which works off the existing private insurance system, is one that will succeed. We’re going to have to, A., fix the website so everybody feels confident about that. We’re obviously going to have to remarket and rebrand and that will be challenging in this political environment.”
Read more at  [link to freedomoutpost.com]

That's right.. they are just forcing your mouths open extra wide to scare you so the real pill will go down nice and easy. ..they will change the name, impeach Obama and have folks come with the saving grace plan.

Yeah!!!
Anonymous Coward
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01/13/2014 12:08 PM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
oscummer is pure evil.
Mr. Toppit

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01/13/2014 12:12 PM

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
The insurance companies are laughing all the way to the bank.
Anonymous Coward
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01/13/2014 12:13 PM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
when are all these criminals going to go to jail for passing this obamacare scheme?
Anonymous Coward
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01/13/2014 12:15 PM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
oscummer is pure evil.
 Quoting: Anonymous Coward 44861234


Ovomitcare-----when euthanasia is too fast for you......
Anonymous Coward
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01/13/2014 12:20 PM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
If Obama were in charge of the Sahara desert there would be a sand shortage.
BattlesightZero
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
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 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. 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.
 Quoting: Anonymous Coward 51917648


Here comes the pain.
 Quoting: Anonymous Coward 51917648


biden-smirk
BattlesightZero

YOU, and only YOU are responsible for maintaining the balance of power between you and the rest of the semi-sentient beings in this world. You cannot disclaim or delegate that responsibility; it is a function of being a living, breathing "adult" in this world. If you can't manage yourself on those terms, someone else *will* manage you on their terms. Your terms are irrelevant. Buy a rifle; prepare to defend yourself. If you don't, what happens is *your* fault. Period.
The Kraken (OP)

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01/13/2014 12:30 PM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
Remember when they told us that we had to pass the bill first, so we can see what was in it? Well, now we know why.
Frayed Knot
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01/13/2014 12:46 PM

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
when are all these criminals going to go to jail for passing this obamacare scheme?
 Quoting: Anonymous Coward 47276267


When America grows a set.
I have long feared that my sins would return to visit me, and the cost is more than I can bear. - The Patriot
The Kraken (OP)

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01/13/2014 12:50 PM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
when are all these criminals going to go to jail for passing this obamacare scheme?
 Quoting: Anonymous Coward 47276267


When America grows a set.
 Quoting: Frayed Knot


I wouldn't count on that happening anytime soon.
Anonymous Coward
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01/13/2014 12:55 PM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
.


The time is nigh ...




.
Anonymous Coward
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01/13/2014 01:01 PM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
It's the corporations who want this.

Remember that meeting in Jackson Hole that got the ball rolling with "managed care," about 20 years ago?

Doctors and many patients hated it.

Which party changed health care in MA?
Theobromine

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01/13/2014 01:06 PM

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
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 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. 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.
 Quoting: Anonymous Coward 51917648


This is just even more proof that a single-payer system is what they have wanted all along. If it wasn't obvious before, it should be now.
 Quoting: The Kraken

5* OP and this should be pinned!

There were rumors that there would be an insurance industry

bailout to compensate them for Obamacare losses -

But whaddya know - they baked it into the cake!

Of course the goal was single payer to begin with.

Why control some of the economy when you can HAVE IT ALL?

They just want the populace to BEG for it because the

alternatives we are left with are so bad.

REINSURANCE is the insurance the INSURANCE COMPANIES buy to limit their risks.

In this case - The full faith and credit of the US gov't is the REINSURANCE company. (Damned)ie The taxpayer.

We all know the taxpayer has unlimited funds.(sarcasm)

Oh my, So our health insurance system HAS been completely taken over by the government.

The insurance companies just retained enough responsibility to make money for their shareholders.

Just that eensy weensy bit to stay in business, while the government runs everything else.

And who do you call if you go over $250,000 in costs? The government that is responsible for paying it. whoa.
"What are you helping with all this helping?" Buddhist saying
davvi
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01/13/2014 01:11 PM

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
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!

LINK:
[link to www.weeklystandard.com]
 Quoting: The Kraken


So no matter what the taxpayer gets it in the neck?

THANK YOU, John Roberts and Barack Obama

Obamacare may be named for Obama but John Roberts could have stopped it in its tracks...he refused.

ObamaRobertscare...

1226 Obamacare
A Jewish mother dreams that her son will grow up to be a doctor or, if retarded, a lawyer." --Jackie Mason

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"When the law no longer protects you from the corrupt, but protects the corrupt from you - you know your nation is doomed." --Ayn Rand

Goodbye sweet friend, we miss you.

"White Democrats sold away tomorrow for their own power today."
Renegade ()

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01/13/2014 01:13 PM

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
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!

LINK:
[link to www.weeklystandard.com]
 Quoting: The Kraken


So we pay for it twice.
Who is John Galt?
BattlesightZero
Kill da Muzz

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01/13/2014 01:14 PM

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
.


The time is nigh ...




.
 Quoting: Anonymous Coward 51789391


bumpitynailed

Thread: Economic Doom Alert - Baltic Dry Index down 40% in last 2 weeks, Pensions Rotate into Bonds

Thread: A Scenario (Financial False Flag)

Thread: China Preparing to Dump US Tresuries
BattlesightZero

YOU, and only YOU are responsible for maintaining the balance of power between you and the rest of the semi-sentient beings in this world. You cannot disclaim or delegate that responsibility; it is a function of being a living, breathing "adult" in this world. If you can't manage yourself on those terms, someone else *will* manage you on their terms. Your terms are irrelevant. Buy a rifle; prepare to defend yourself. If you don't, what happens is *your* fault. Period.
Anonymous Coward
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01/13/2014 01:19 PM
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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
Of course it is a bailout for insurance companies and the IRS is the enforcer.

Unlike an enforcer for banker bailouts, of which the .gov had none. The bankers/banks gave .gov the finger. So, .gov changed the 'rules' and are now picking on the citizens of this country who work hard and don't cheat. .gov gave us 'something' for their new tax which is health insurance premiums jacked up twice the regular rate. Rates that were $300 for an individual are now $600.

Screw SCOTUS John Roberts and his helping hand in this.
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01/13/2014 01:25 PM

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
when are all these criminals going to go to jail for passing this obamacare scheme?
 Quoting: Anonymous Coward 47276267


When America grows a set.
 Quoting: Frayed Knot


I wouldn't count on that happening anytime soon.
 Quoting: The Kraken


50% of Americans are not informed and 30% do not pay taxes. So 80% do not care.
Who is John Galt?
davvi
Happy Halloween!

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01/13/2014 01:26 PM

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Re: Here comes the Obamacare bailout for insurance companies! American tax payer to pay 3/4 of losses!
when are all these criminals going to go to jail for passing this obamacare scheme?
 Quoting: Anonymous Coward 47276267


When America grows a set.
 Quoting: Frayed Knot


So that's never then?
A Jewish mother dreams that her son will grow up to be a doctor or, if retarded, a lawyer." --Jackie Mason

I never give RED karma, only GREEN for great posters. If you give me red or green please leave your name, I like to say thank you...

"I knew I was an unwanted baby when my bath toys were a toaster and a radio." --Joan Rivers

"When the law no longer protects you from the corrupt, but protects the corrupt from you - you know your nation is doomed." --Ayn Rand

Goodbye sweet friend, we miss you.

"White Democrats sold away tomorrow for their own power today."

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