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8/29/2014 9:08:28 PM
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AmericanPeople
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Posted: 11/18/2013 2:46:35 PM
I had not heard of these possible taxpayer bailouts until today.

Obamacare insurance bailouts
57Strat
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Posted: 11/18/2013 2:55:46 PM
[Last Edit: 11/18/2013 2:56:49 PM by 57Strat]
How else do you think Obama will get insurance companies to help him fix his fuckup? Obama is gonna give them billions.
mbearor
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Posted: 11/18/2013 3:11:35 PM
I have no doubt!
h3smith
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Posted: 11/18/2013 3:12:03 PM
Obamacare is a bailout to insurance companies, they are the ones that lobbied for it and wrote the law.
Formergrunt94
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Posted: 11/18/2013 3:12:40 PM
No, because if the insurance companies exist, they provide an obstacle to single-payer.
Impulse control: it separates men from children and criminals.
NagOrzo15-1
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Posted: 11/18/2013 3:13:24 PM
Its already built into the law.

When the risk profile fucks up, the taxpayers pay a big chunk of the shortfall.

If the risk profile REALLY fucks up (8% or more off), the taxpayers pay almost all of the shortfall.

The worse the law goes, the more pain to the the taxpayers.

This was intentional. It does not let America "ignore" the shitty health care bill. Instead, it forces that debate the liberals have been hoping for in terms of "single payor."

Lorax
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Posted: 11/18/2013 3:14:10 PM
[Jump To Reply]Originally Posted By Formergrunt94:
No, because if the insurance companies exist, they provide an obstacle to single-payer.


And then you will see the first of many "Obamacare bailouts".
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AFARR
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Posted: 11/18/2013 3:17:14 PM
[Jump To Reply]Originally Posted By h3smith:
Obamacare is a bailout to insurance companies, they are the ones that lobbied for it and wrote the law.


Not quite.

When it became evident that the insurance companies would be stuck with Obamacare, they lobbied for specific items...
The predominant item was the 'deadline' requirement....so if they have to insure a bunch more 'sick' people (high $$ paid out in claims), they wanted to be certain that it would be offset by a requirement for 'healthy' people to be forced to sign on at the same time.

If they delay, claims will go up but the 'healthy' people won't be signing up to offset those claims...

AFARR
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POLYTHENEPAM
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Posted: 11/18/2013 3:18:18 PM
[Jump To Reply]Originally Posted By Formergrunt94:
No, because if the insurance companies exist, they provide an obstacle to single-payer.


You don't understand how this game is played. Interest groups influence the government. The government co-opts interest groups with money.
Single payer will be very lucrative for those companies. They will get contracts to administer the program.
Everyone wins - except the peasants.
Formergrunt94
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Posted: 11/18/2013 3:19:43 PM
[Jump To Reply]Originally Posted By POLYTHENEPAM:
Originally Posted By Formergrunt94:
No, because if the insurance companies exist, they provide an obstacle to single-payer.


You don't understand how this game is played. Interest groups influence the government. The government co-opts interest groups with money.
Single payer will be very lucrative for those companies. They will get contracts to administer the program.
Everyone wins - except the peasants.
Touche.

Now I'm even more depressed.
Impulse control: it separates men from children and criminals.
shaggy
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Posted: 11/18/2013 3:24:55 PM
[Last Edit: 11/18/2013 3:25:32 PM by shaggy]
[Jump To Reply]Originally Posted By NagOrzo15-1:
Its already built into the law.

When the risk profile fucks up, the taxpayers pay a big chunk of the shortfall.

If the risk profile REALLY fucks up (8% or more off), the taxpayers pay almost all of the shortfall.

The worse the law goes, the more pain to the the taxpayers.

This was intentional. It does not let America "ignore" the shitty health care bill. Instead, it forces that debate the liberals have been hoping for in terms of "single payor."




I mentioned this in a post here last week. If it starts to dig too deeply into the insurance industry's profits, the government will put the printing presses into hyperdrive and give them a bailout, or subsidy...or whatever the politically correct term of the day is to mean the taxpayers will get raped to make obamacare seem to work, and protect the profits of the insurance industry. Never forget, Kaern Ignagni and the insurance industry had a huge hand in shaping this legislation with zero.

glklvr
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Posted: 11/18/2013 3:26:17 PM
[Jump To Reply]Originally Posted By AmericanPeople:
I had not heard of these possible taxpayer bailouts until today.

Obamacare insurance bailouts


Hell no. Single payer requires them to go out of business.
worker
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Posted: 11/18/2013 3:27:10 PM
[Jump To Reply]Originally Posted By 57Strat:
How else do you think Obama will get insurance companies to help him fix his fuckup? Obama is gonna give them billions.


Close but no cigar friend. Obama is only going to pass through the money: you (and me) are going to give them millions, billions and maybe by the time it's all done, trillions. We were truly fucked a long time ago .....
AKMfreak
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Posted: 11/18/2013 3:31:48 PM
[Jump To Reply]Originally Posted By glklvr:
Originally Posted By AmericanPeople:
I had not heard of these possible taxpayer bailouts until today.

Obamacare insurance bailouts


Hell no. Single payer requires them to go out of business.


Yup.

Some of you do not get that: single-payor excludes the need for the insurance companies, Fed Gov only.
poorman
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Posted: 11/18/2013 3:34:46 PM
There is a provision within Obamacare that says the for the first 3 years if the insurance companies do not make a profit, the Gov will pony up the cash!
FreeBear: I've been saying it for years: The Gene Pool needs more chlorine. A hellava lot more.
MTUSA
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Posted: 11/18/2013 3:40:12 PM
Federal Mafia...