Author Topic: Up next: a health insurance company bailout?  (Read 242 times)

0 Members and 1 Guest are viewing this topic.

Offline rangerrebew

  • America defending Veteran
  • TBR Contributor
  • Hero Member
  • *****
  • Posts: 53,270
  • “It’s easier to fool people than to convince them
Up next: a health insurance company bailout?
« on: November 19, 2013, 06:31:47 AM »
November 19, 2013

Up Next: A Health Insurance Company Bailout?

Carol Platt Liebau

11/18/2013 8:10:00 PM - Carol Platt Liebau


No wonder we had to wait to pass it to find out what was in it; had everyone known what was in it, it never would have passed.

Here is the latest ugly surprise hidden in the massive ObamaCare legislation: Taxpayers could end up reimbursing up to 80% of health insurers' costs if those costs exceed insurer estimates:

Yep, you heard that right. If the insurance companies' costs are 3% higher than they had estimated (as a result of there being an older and/or sicker population than they expected in the ObamaCare pools), they can collect 50% of that money from the taxpayers. If their costs are 8% higher than previously estimated, they are reimbursed for a whopping 80%!

So even if Americans were able to get back the insurance they liked, they're still on the hook to pay the insurance companies when the companies' costs exceed their estimates.

That's ObamaCare -- gets you coming and going.

What a mess. Time to repeal and replace.
« Last Edit: November 19, 2013, 06:32:36 AM by rangerrebew »
America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves. Abraham Lincoln

Nearly all men can stand adversity, but if you want to test a man's character, give him power. Abraham Lincoln

Be sure you put your feet in the right place, then stand firm. Abraham Lincoln

Share me

Digg  Facebook  SlashDot  Delicious  Technorati  Twitter  Google  Yahoo