Thread: Fail-Safe In Obamacare Puts Taxpayers On The Hook For Insurer Bailout

Fail-Safe In Obamacare Puts Taxpayers On The Hook For Insurer Bailout

Posted on November 18, 2013 by BMartin1776





Buried in the law no one read, which was passed in the middle of the night on Christmas Eve there is a provision that will reimburse insurance companies up to 80% of their losses due to obamacare. Puts a new perspective on we have to pass the bill to find out what’s in the bill!
Obamacare will cause another government tax payer funded bailout to the insurance companies! This is what happens when you don’t listen to people like Ted Cruz who tried to put a stop to this train wreck. Every single socialist and RINO republican that came out against Ted Cruz a few of the other rebels are responsible for all the fallout from this obaminable law.

One thing is for sure when this insurance bubble bursts we the people, aka the middle class, will again have to foot the bill! The elitist in DC and all their pals are insulated from any of this as usual.

http://savingtherepublic.com/blog/20...surer-bailout/

Up Next: A Health Insurance Company Bailout?


Carol Platt Liebau | Nov 18, 2013



No wonder we had to wait to pass it to find out what was in it; had everyone known what was in it, it never would have passed.

Here is the latest ugly surprise hidden in the massive ObamaCare legislation: Taxpayers could end up reimbursing up to 80% of health insurers' costs if those costs exceed insurer estimates:



Yep, you heard that right. If the insurance companies' costs are 3% higher than they had estimated (as a result of there being an older and/or sicker population than they expected in the ObamaCare pools), they can collect 50% of that money from the taxpayers. If their costs are 8% higher than previously estimated, they are reimbursed for a whopping 80%!

So even if Americans were able to get back the insurance they liked, they're still on the hook to pay the insurance companies when the companies' costs exceed their estimates.

That's ObamaCare -- gets you coming and going.

What a mess. Time to repeal and replace.

http://townhall.com/tipsheet/carolpl...ilout-n1749064