Up Next: An Obamacare Health Insurance Company Bailout?

[Teh One Who Knocks]

Carol Platt Liebau - Townhall.com


http://i.imgur.com/VHUb9AE.jpg

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:


http://www.youtube.com/watch?v=mAkXih99fvc

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.

[PorkChopSandwiches]

Can FBD read the whole law and give us the cliff notes on how fucked we will be ultimately?

[Muddy]

:lol: dont tempt him..

[KevinD]

I read the whole thing, at least one version of it. It's fucked, always has been, and always will be. That's why I was dead set against defunding it. Repeal it, plain and simple.

[Teh One Who Knocks]

So, it looks like we the taxpayers get to be double charged under Obamacare...not only are we subsidizing the insurance for people, we will then get charged again to repay the insurance companies if their cost overruns go higher than they thought (by a marginal amount no less!).

:|

[FBD]

http://www.youtube.com/watch?v=kXRm0yVyn7k

[PorkChopSandwiches]

:ObamaCare: