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Posted on 07/29/2014 1:19:22 PM PDT by jazusamo
Newly released emails show a key White House adviser intervened on behalf of the health insurance industry after an executive repeatedly warned that massive premium hikes were coming unless the administration expanded an ObamaCare program that Republicans call an industry "bailout."
The insurance industry ultimately got a more "generous" offer from the administration -- one that Republicans warn could transfer potentially billions of taxpayer dollars into the Affordable Care Act to bail out insurance companies.
The documents were included as part of a report by Republicans on the House Oversight and Government Reform Committee. Republicans allege that White House adviser Valerie Jarrett intervened in response to appeals from the industry.
“Documents show that Ms. Jarrett took the warnings of the insurance companies very seriously,” the report said.
The controversy pertains to a program known as “risk corridors,” which allows the government to aid insurers that lose money by paying them from a pool of cash collected from insurers that turn a profit. The insurance industry, though, was concerned there wouldn’t be enough cash in the pool to go around.
A string of emails starting on April 4 of this year shows Chet Burrell, president of CareFirst Blue Cross Blue Shield, bringing this issue to Jarrett’s attention – and issuing blunt warnings that premiums could rise if the administration didn’t change course. The industry was apparently concerned about a decision to make the program budget-neutral, which would limit funding.
(Excerpt) Read more at foxnews.com ...
Meh. I just bypass insurance companies. I pay for my health care out of pocket.
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She’s scary on the outside and inside.
Valerie Jarrett: Evil.
She is definitely lizard like.
I know a picture is coming from that statement.
The controversy pertains to a program known as “risk corridors,” which allows the government to aid insurers that lose money by paying them from a pool of cash collected from insurers that turn a profit.
Everyone should stop and think about this real hard,
our government is out of control. READ IT AGAIN!
The controversy pertains to a program known as “risk corridors,” which allows the government to aid insurers that lose money by paying them from a pool of cash collected from insurers that turn a profit.
Statists turn capitalism on it’s head, this is outrageous.
You’re dead on the money.
0bama and his handlers have taxpayers to assure they won’t run out of funds from straight subsidies or insurance premiums that will end up out of sight for those who are able to pay.
Wish I had one to post.
IMHO, we are to the point where Satan is leading this country. nobama, Jarrett, Dingy, Pelousey, etc. are the Devil’s minions.
Everything this government does seems to be against me.
Why should I support it?
Stop Paying taxes!
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