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Getbig Main Boards => Politics and Political Issues Board => Topic started by: Soul Crusher on May 21, 2014, 06:56:54 AM
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http://www.latimes.com/nation/la-na-insurance-bailout-20140521-story.html#page=1
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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.
“If conservatives want to stop the illegal Obamacare insurance bailout before it starts they must start planning now.”- Conn Carroll, an editor of the right-leaning news site Townhall.com
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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.
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That's what you all signed up for right? In order to make this bullshit law nobody wanted or needed....we're now paying double for it. First in higher premiums and second in taxes that were originally for other things. Its great spending other peoples money until you run out.
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Every single thing this Kenyan drug addicted traitor touches turns to absolute shit
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That's what you all signed up for right? In order to make this bullshit law nobody wanted or needed....we're now paying double for it. First in higher premiums and second in taxes that were originally for other things. Its great spending other peoples money until you run out.
Ah, it was all worth it to give insurance to 4% of the uninsured. At least that is what libtards claim.
By the way, that is less than the 6% who lost insurance and they were described as "insignificant". But somehow to libtards it is HUGE when only 4% of people who never had insurance enrolled in crapcare.
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Ah, it was all worth it to give insurance to 4% of the uninsured. At least that is what libtards claim.
By the way, that is less than the 6% who lost insurance and they were described as "insignificant". But somehow to libtards it is HUGE when only 4% of people who never had insurance enrolled in crapcare.
Hey, aren't you the guy who recently wrote that John Kerry is/was a vice president?
If so, you should probably post sources for your numbers if you want anyone to take you seriously.
Thanks.
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Hey, aren't you the guy who recently wrote that John Kerry is/was a vice president?
If so, you should probably post sources for your numbers if you want anyone to take you seriously.
Thanks.
Obama Administration Just Got Caught in a Massive Lie ...
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WVOC.com: The LA Times has been as friendly as possible to the Obama administration, but they can't ignore this. Today they broke the story that another massive lie around Obamacare has been told to the Congress and the American people. As you know "If you like your health plan, you can keep your health plan" was ranked as the biggest lie of the year by the Washington Post. Well here comes an early contender for this year's award.
The Republicans have been accusing the Obama administration of building into Obamacare an insurance plan for the insurance companies. A bailout if the insurance companies lost money under Obamacare. Their claim was that in the law was something called the temporary risk corridor program. Under that Republicans said the administration had allowed themselves a way to take tax dollars and bailout an insurance company that lost money. But the administration and the Democrats have denied that. Apparently the administration and the Democrats had been telling the truth...and didn't like it.
The LA Times reports that late last week hundreds of pages of new regulations were added to Obamacare. Their reporters went through it and found a few key paragraphs. 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. This could be hundreds of billions of dollars!
This is a classic bait and switch. The middle class will feel like they're getting a break on insurance premiums. As long as they don't look at the governments check book, they'll believe the Affordable Health Care Law is working. It only unravels if they realize they are paying double for their insurance, because the increase is being charged to their account in the form of more debt.
The Republicans are expected to go nuts over this, and the Democrats will point at the scene they are making and say 'look how fanatical those people are'. I would warn Republicans against making a big deal out of this