Not to make light of this but – I guess We The People are finally finding out what is really in Obama’s Abomination Care Fiasco with Federal funds to offset insurance losses on O’care. According to this piece just issued from the LA Times (of all Democrat rags):
As late as last week – “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.”
So much for “transparency” then, regarding federal funds to offset insurance losses.
In the Bizarro-world of progressive liberalism, illegal aliens get world class healthcare at US hospitals while war hero vets are sent home to die by partisan bureaucrats looking for a bonus by cutting costs. The Democrats OWN this mess, as not one single Republican held their nose and cast a yea vote for this pig.
Fact check – wasn’t the ACA written by Zeke-the-Geek Emanuel, brother of the feared “Deadfish?” Democrats, not insurance companies wrote this Abomination – Repeat – Democrats literally locked out Republicans from every meeting on the bill, and refused to bring it for a House floor vote until 2 days prior to the manufactured deadline. A 2,700+ page bill, with then-House Speaker Pelosi stating, “We just have to pass the health care bill to see what’s in it.” And now we know what’s in it – federal funds to offset insurance losses.
Brilliant liberal-progressive Alinskyite Marxist-Democrat strategy. The chickens however, are now coming home to roost, but there’s no one home. Not even anybody capable of revealing to We The People “we just have to read the bill to see what’s in it.” We do now know however, that the plan all along was for federal funds to offset insurance losses.
Let’s go to the insane asylum and read more about the ineptitude of this rogue government shall we?
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.
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.
Although little noticed so far, the plan was already beginning to fuel a new round of attacks Tuesday from the healthcare law’s critics.
“If conservatives want to stop the illegal Obamacare insurance bailout before it starts they must start planning now,” wrote Conn Carroll, an editor of the right-leaning news site Townhall.com.
On Capitol Hill, Republicans on the Senate Budget Committee began circulating a memo on the issue and urging colleagues to fight what they are calling “another end-run around Congress.”
Obama administration officials said the new regulations would not put taxpayers at risk. “We are confident this three-year program will not create a shortfall,” Health and Human Services spokeswoman Erin Shields Britt said in a statement. “However, we want to be clear that in the highly unlikely event of a shortfall, HHS will use appropriations as available to fill it.”
The stakes are high for President Obama and the healthcare law.