Obama Official: The Obamacare "Bailout" Of Insurers Will Be Financed By A New Tax On Everyone's Plan

Forbes ^ | June 19, 2014 | By Dr. Scott Gottlieb

[Oldeconomybuyer]

For months, there have been assertions that the mechanisms embedded in Obamacare, designed to offset losses that insurance companies will take this year on their exchange business, amount to a bailout of the insurance industry.

At the same time, it wasn’t clear where the money to pay for these “risk adjustments” would come from in the first place.

Now we know where the “bailout” money is going to come from. It will be paid for by a new tax levied on the insurance companies.

Since Obamacare health plans were prevented from pricing products to reflect true risk, they were always going to have atypically high cost, and in turn, losses. The red ink was inevitable. Now all of us will be forced to pay for it, whether we have an Obamacare plan or not. That new tax will be passed onto everyone in the form of higher premiums.

[bert]

It’s in the law. The insurers are allowed to increase premiums to cover costs

Otherwise,they would not have agreed

[liberalh8ter]

But...,but....but....that's not FAIR! Insurance companies are supposed to pay the tax......not pass it on to the insured.......Waaaaaaaaahhhhhhhh, Waaaaaaaaahhhhhhhh, Waaaaaaaaaahhhhhhh*........

*the above is my interpretation of an echo heard coming from the vicinity of San Francisco.

[MeshugeMikey]

EXCELLENT concise...as it GETS!! The Federal Government is an entity that makes a mistake, and then repeats it over and over again until it becomes THE LAW OF THE LAND.





imagine if you dare this DOPE...as the Executive Officer of The Land!!!