Green Energy
From Fox News:
- Obamacare Begins A Death Spiral Premiums Are Rising Rapidly And The Young And Healthy Are Bailing Out
From the Washington Times: The Supreme Court decision in King v. Burwell, the case challenging the Obama administration’s decision to award tax credits for health insurance sold through federally established exchanges, could turn on the question of...
- Obamacare: Humana Enrolls 202k, Bailout By Us For Same $250-$450 Million
Remember how all the large health insurers came out FOR Obamacare?I simply thought they had done so because they had just received 30 million new uninsured clients, who HAD to buy their product.But the truth is that the number of uninsured who signed...
- Obamacare's Troubles Are Only Beginning
I Am The Emperor Honey Boo Boo! From the Wall Street Journal: The White House is claiming that the Healthcare.gov website is mostly fixed, that the millions of Americans whose health plans were canceled thanks to government rules may be able to keep them...
- Another Obamacare Lie: Protecting Those With Pre-existing Conditions
We Get the Government We Deserve From IBD: The Affordable Care Act gets curioser and curioser. President Obama promised to protect people with pre-existing conditions and help the uninsured. Yet these vulnerable groups are getting clobbered. Congress...
- New York Doctors Sick Over Obamacare: “it’s Basically Going To Be A Race To The Bottom”
From the New York Post: New York doctors are feeling queasy about ObamaCare — and many won’t participate in the new national insurance program because they fear they’ll go broke, The Post has learned. “ObamaCare is going to send me more...
Green Energy
Now Obama is Spending Taxpayer Money on Obamacare Without Congressional Approval - Obama Quietly Increases Bailout Money Insurance Companies Will Receive For Losses Sustained Because of Obamacare
I Am The Bountiful Lord Honey Boo Boo
From Fox News:
John Q. Public got his pockets picked last weekend by ObamaCare bureaucrats. In a sneaky and illegal maneuver after close of business Friday, the Obama administration proposed a new rule increasing bailout protection for insurance companies that sell ObamaCare exchange plans.
The rule –using taxpayer money, of course — is designed to protect the companies from losses. It’s illegal, because no president, including Obama, has the constitutional authority to rewrite the laws.
The president’s sworn duty is to “take care that laws are faithfully executed.”
The Affordable Care Act, as written and enacted in 2010, contains a bailout provision, Section 1342. It makes insurers whole for losses they were certain to incur by virtue of offering “affordable” plans.
Such losses were inevitable, because ObamaCare rules make it impossible for an insurance company to offer “affordable” plans and still cover costs.
The premiums have to cover a long list of mandatory benefits, as well as $100 billion in taxes that the law imposes on insurers over the decade.
Most significantly, the premiums have to cover the cost of caring for seriously ill people for the same price as healthy people.
Every state that tried this community rating scheme (including New York ) has seen premiums soar as the healthy, unwilling to foot the bill, stop buying insurance. The bailout provision was inserted in the law by design to encourage insurers to set premiums too low.
That helps the law, and its Democratic backers, look good. It was deception from the start, and a real effort to make a fatally flawed scheme appear as if it is providing affordable health plans.
- Obamacare Begins A Death Spiral Premiums Are Rising Rapidly And The Young And Healthy Are Bailing Out
From the Washington Times: The Supreme Court decision in King v. Burwell, the case challenging the Obama administration’s decision to award tax credits for health insurance sold through federally established exchanges, could turn on the question of...
- Obamacare: Humana Enrolls 202k, Bailout By Us For Same $250-$450 Million
Remember how all the large health insurers came out FOR Obamacare?I simply thought they had done so because they had just received 30 million new uninsured clients, who HAD to buy their product.But the truth is that the number of uninsured who signed...
- Obamacare's Troubles Are Only Beginning
I Am The Emperor Honey Boo Boo! From the Wall Street Journal: The White House is claiming that the Healthcare.gov website is mostly fixed, that the millions of Americans whose health plans were canceled thanks to government rules may be able to keep them...
- Another Obamacare Lie: Protecting Those With Pre-existing Conditions
We Get the Government We Deserve From IBD: The Affordable Care Act gets curioser and curioser. President Obama promised to protect people with pre-existing conditions and help the uninsured. Yet these vulnerable groups are getting clobbered. Congress...
- New York Doctors Sick Over Obamacare: “it’s Basically Going To Be A Race To The Bottom”
From the New York Post: New York doctors are feeling queasy about ObamaCare — and many won’t participate in the new national insurance program because they fear they’ll go broke, The Post has learned. “ObamaCare is going to send me more...