Skip to comments.Bribery, ObamaCare Style
Posted on 05/22/2014 4:39:07 AM PDT by IBD editorial writer
Bailouts: Last Friday, the Obama administration quietly expanded an insurance industry bailout program that it publicly insisted never existed. In exchange, Obama wants a big political favor from insurers.
Last week, the administration promised insurers it would use "other sources of funding" to protect their profits "in the unlikely event" that ObamaCare costs more than expected.
The language was buried in a 435-page regulatory filing that only the industry would normally care about. But it caught the eye of the Washington Examiner's Philip Klein on Friday.
The bailout story got legs this week when the Los Angeles Times followed suit, noting that the regulatory change could "potentially make billions of additional taxpayer dollars available to the insurance industry."
(Excerpt) Read more at news.investors.com ...
When the Constitution was operative, before the
coup d’etat by Obama and his foreign nationals,
taxes began in the House, Laws were made in the legislature,
and the Executive branch enforced the Law.
There is no more Law, just the EXEMPT and the Tyrant
lying to the People, over and over, as they
enrich themselves, their conspirators, and help
the Enemies of the American People.
Lies and more lies.
All this reminds me of a scene from the cable movie: Too Big to Fail. When confronted by the Fed and Treasury, the big banks who were extorted into taking government “investments” were told: you will take this money and if you don’t willingly do it, here is the head of the FDIC whose audits will find that you are not as well capitalized as you think you are. IOW, take it or we kill you, administratively. So after years of having been the recipient of demands from the government to make more easy loan money available, the government was now telling them they had the ultimate free money scheme available for them now too. This is history repeating itself, just in another form...the insurance companies were quick to push for O care because the government would make them whole plus guarantee them more customers. Now they will be rewarded with guaranteed profits to keep their mouths shut.
Big Insurance is being set up to take all the blame for whatever befalls obamacare
This strikes me as being an authoritarian government working in collusion with corporate interests.
There is a name for that form of government, and it sure as hell isn’t “Democratic Republicanism”.
Socialism always starts with the collusion of government and the wealthy/corporations. Once the socialists have control, the less loyal wealthy/corporations are swept aside.
Yep, Lenn did the same thing.