Author Topic: Obama administration creates slush fund to bribe insurance companies to keep rates low Rick Moran  (Read 317 times)

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Offline mystery-ak

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http://www.americanthinker.com/assets/3rd_party/printpage/?url=http://www.americanthinker.com/blog/2014/05/obama_administration_creates_slush_fund_to_bribe_insurance_companies_to_keep_rates_low.html

May 21, 2014
Obama administration creates slush fund to bribe insurance companies to keep rates low
Rick Moran

That's not how the administration is characterizing the new regulations buried in dozens of new rules released last week. But read this and tell me it isn't exactly as I describe it; a slush fund that will make payments to multi-billion dollar companies - as long as they keep premium increases low in advance of the November elections.

LA Times:

Quote

    The 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.

    They continue to argue that most insurers shouldn't need to substantially increase premiums because safeguards in the healthcare law will protect them over the next several years.

    But the change in regulations essentially provides insurers with another backup: If they keep rate increases modest over the next couple of years but lose money, the administration will tap federal funds as needed to cover shortfalls.

    Although little noticed so far, the plan was already beginning to fuel a new round of attacks Tuesday from the healthcare law's critics.

    "If conservatives want to stop the illegal Obamacare insurance bailout before it starts they must start planning now," wrote Conn Carroll, an editor of the right-leaning news site Townhall.com.

    On Capitol Hill, Republicans on the Senate Budget Committee began circulating a memo on the issue and urging colleagues to fight what they are calling "another end-run around Congress."


Another promise, another lie. These people have no shame whatsoever and have shown they will do anything - legal or not - to save their Senate majority.

The administration swears this won't add to the deficit - that funds will come out of HHS appropriations. That's hardly the point. It's another congressional bypass that immorally funnels money to companies that don't need it as a bribe in order to lessen the political impact of premium increases for political purposes.

Absolutely outrageous.

Can Congress stop it? Not as long as Barack Obama is president. He will veto any attempt to eliminate the slush fund and dare the Democratic Senate to overtrurn it.

Unless the outcry is loud and sustained against it, that isn't likely to happen.

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Offline truth_seeker

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The dems wrote this bill when they held majorities in both houses of Congress.

The bill creates "regulations" which are still being revised, implemented by the President, under powers granted in the original bill.

Obama will be long gone, when the total cost and result of the health care issue becomes clear. Most of what it did that was "good" could have been done without the total upset to the health care system.

On the example side, I know three middle aged women, low-moderate income. They were uninsured for years, and went without much medical care.

They now have insurance policies, are getting the care they skipped. Covered California.
"God must love the common man, he made so many of them.”

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Online Oceander

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The dems wrote this bill when they held majorities in both houses of Congress.

The bill creates "regulations" which are still being revised, implemented by the President, under powers granted in the original bill.

Obama will be long gone, when the total cost and result of the health care issue becomes clear. Most of what it did that was "good" could have been done without the total upset to the health care system.

On the example side, I know three middle aged women, low-moderate income. They were uninsured for years, and went without much medical care.

They now have insurance policies, are getting the care they skipped. Covered California.


and on the counter side I know three people, know them intimately well, who can no longer afford the care they used to be able to get because of Obastardcare:  me, my wife and our daughter.  those three little biddies can go f&ck themselves because as far as I'm concerned they stole my daughter's health care so it could be lavished on them for free.  f*ck them and f*ck everyone who gets a "freebie" courtesy of people who were paying full freight for insurance they liked but which they can no longer buy because it's now illegal to sell, and who must now pay full freight for insurance they cannot use because the deductibles are so high.  Tell those three biddies for me and my family that they can go f*ck themselves and rot in Hell.

Offline truth_seeker

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and on the counter side I know three people, know them intimately well, who can no longer afford the care they used to be able to get because of Obastardcare:  me, my wife and our daughter.  those three little biddies can go f&ck themselves because as far as I'm concerned they stole my daughter's health care so it could be lavished on them for free.  f*ck them and f*ck everyone who gets a "freebie" courtesy of people who were paying full freight for insurance they liked but which they can no longer buy because it's now illegal to sell, and who must now pay full freight for insurance they cannot use because the deductibles are so high.  Tell those three biddies for me and my family that they can go f*ck themselves and rot in Hell.
Don't blame me. I just reported from the left coast, where conservative claims that it wouldn't work, etc. are not fully proved -- yet.

I understand your emotion, if your premiums have gone up. Blame that on your carrier, your fellow voters, not me.

Most of what ailed the health care industry could have been addressed, one subject at a time. All three individuals I mentioned have pre-existing conditions.  Presumably that doesn't apply with your young family, since you did have coverage.

Were it not for the pre-existing condition problem, these 3 might have had insurance, in the past.

"God must love the common man, he made so many of them.”

Abe Lincoln

Offline GourmetDan

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  those three little biddies can go f&ck themselves because as far as I'm concerned they stole my daughter's health care so it could be lavished on them for free.  f*ck them and f*ck everyone who gets a "freebie" ...


You'll just have to get your assets out of the system and start milking it, dude.

Your governments wants you to...

"The heart of the wise inclines to the right, but the heart of the fool to the left." - Ecclesiastes 10:2

"The sole purpose of the Republican Party is to serve as an ineffective alternative to the Democrat Party." - GourmetDan


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