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Find UFOs, The Apocalypse, New World Order, Political Analysis,
Alternative Health, Armageddon, Conspiracies, Prophecies,
Spirituality,
Home Schooling, Home Mortgages and more, in:
Rumor Mill News Reading Room, Current Archive
link: "Obamacare's Illegal Insurance Company Bailout"
Posted By: hobie
Date: Friday, 3-Oct-2014 00:06:12
www.rumormill.news/775
Hi, Folks -
What a scrambled mess the Affordable Health Care Act has turned out to be. :) One might almost suspect it was done that way on purpose, perhaps to thwart health insurance industry lobbyists.
A new article at TownHall.com:
=====
Obamacare's Illegal Insurance Company Bailout
http://townhall.com/tipsheet/conncarroll/2014/10/01/obamacares-illegal-insurance-company-bailout-n1898635
Excerpt: One might think that a mandate forcing all Americans to buy your product, and $1 trillion in taxpayer funded subsidies to buy that product, would be all that was necessary for any industry to turn a hefty profit. But America’s health insurance industry wanted more.
In a capitalist economy, big companies manage their own risks. But in a corporatist economy, big companies use Big Government to help socialize risk and privatize profits. Obamacare is corporatism on steroids.
What if too few people signed up for coverage? Or what if those who did sign up were sicker and older than the general population? Health insurance companies would be stuck with far more Obamacare bills from health care providers than they had Obamacare premiums to pay them.
With these questions in mind, Obamacare’s authors created three programs designed to help socialize insurance company risk. ... Full article:
http://townhall.com/tipsheet/conncarroll/2014/10/01/obamacares-illegal-insurance-company-bailout-n1898635
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