Skip to comments.Federal funds earmarked to offset Affordable Care Act insurer losses (Too Big to Fail)
Posted on 05/21/2014 7:06:00 AM PDT by longtermmemmory
he 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. ...
(Excerpt) Read more at latimes.com ...
How are Billions of dollars allocated by a regulation?
When the insurance bailout occurs, the Fed’s will (of course) take control of private insurance companies.
This will end the free market as far as health care is concerned, and single payer will have arrived (as was the plan from the beginning).
With this lynchpin of the US economy under federal control, we are well on our way to State control of the means of production, which may just be a definition of fascism.
Obamacare has been deemed by the administration as unprofitable so now we have the crony insurance companies plugged directly into the treasury to guarantee profits.
Think of all the wall street corporations that WANTED obamacare in order to push healthcare costs off their bonus checks and onto the serf taxpayer.
Obama administration just changed the rules without an act of congress.
Obamacare is the super pork project of all pork projects.
just like Obama/jarret took over student loans.
just like Obama/jarret took over fannie and Freddie mae.
Obamacare is now too big to fail because it is to important an socialist linchpin for the effete elites.
Private profits, public losses. More fascism.
Paving the “risk corridors” with taxpayer money.
This is front page news.
Just don’t lose sight of the fact that the REPUBLICAN party voted in the House to FUND OBAMACARE on Jan 14, 2014 - CNN Headline “House passes compromise $1.1 trillion budget for 2014”......Obamacare mostly untouched
That worked out really great with GM didn’t it?
Yes, the House GOP has already funded this bailout.
quietly ......adjusted.... key........... provisions..
when is a law a law...and when does it start to look like a HOBBY????
It is a concept in civil law jurisdictions (we are common law) in Europe for judges to be able to literall write law via opinion.
Obama is just adopting the concept of the monarch making edicts. Keep in mind Obama is at that post because of his patrons. The patron rule Obama. He is just the middle man for the serfs.
Well first you have to elect useful idiots to both houses then you get them to pass legislation that give unlimited power to agencies that they create.......
The story is how “TOO BIG TO FAIL” is not only back, it is being applied to social engineering programs.
No, just keeping them going long enough to reward the crooked executives for not fighting Democratcare and long enough to get past another election.
The goal is for the insurance companies to collapse and the new and not improved VA to take over.... or a civilian equivalence of that wonderful single payer model.
His Pen and His Mighty Phone ever at the ready
And as usual, the middle class takes it in the kiester.
A gun is held to our heads on the front end (premiums) and back end (tax money for bailouts) of this fiasco.