ObamaCARE is dying a slow, painful death. Insurance premiums are skyrocketting all over the country and socialist health care is proving the be the epic failure that so many people predicted it would be in 2010. So what does Obama want to do before his ass is kicked out of the White House? Bail out the insurance companies. With big government Republicans, who are fighting Trump harder than they are fighting Clinton, Obama may have the allies he needs for the ObamaCARE insurance bailout fund.
| Get ready for the ObamaCARE insurance bailout |
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But instead of pulling the plug, Obama and the insurance companies want to put Obamacare on a costly life-support line of cash, all on the taxpayer’s dime.
One symptom of the central planning disease, and indicators of Obamacare’s death spiral, is that the insurance companies haven’t made money by offering qualified health plans on the Obamacare exchanges.
Instead, the insurance companies are losing money hand over fist, despite “risk mitigation” programs baked in by Obamacare architects to sweeten the deal for large insurance companies.
Now, the Obama administration is signaling it wants to find any way it can to funnel as much as $170 billion of taxpayer money to the insurance companies, in hopes of keeping the law alive.
In other words, the administration wants to bail out insurance companies in order to bail out Obamacare.
So what exactly are these risk mitigation provisions, and how might they result in a taxpayer-funded bailout? If you’re in a hurry, you can watch this 2-minute video from The Daily Signal’s Melissa Quinn.