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

Thank you!

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.

Here comes the pain.

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.

:obdisaster:

:obdisaster:

Anyone else reporting this? Can't find anything legit. Just op-ed and blogs.

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.

“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!!!

oscummer is pure evil.

The insurance companies are laughing all the way to the bank.

when are all these criminals going to go to jail for passing this obamacare scheme?

Ovomitcare-----when euthanasia is too fast for you......

If Obama were in charge of the Sahara desert there would be a sand shortage.

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.

When America grows a set.

I wouldn't count on that happening anytime soon.

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The time is nigh ...




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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?

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.

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:

So we pay for it twice.

[link to www.godlikeproductions.com]

Thread: A Scenario (Financial False Flag)

Thread: China Preparing to Dump US Tresuries

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.

50% of Americans are not informed and 30% do not pay taxes. So 80% do not care.

So that's never then?