Monday, January 13, 2014

Obamacare will cost $1 trillion to bailout insurance companies

"Insurance companies won’t bear the cost of their own losses—at least not more than about a quarter of them.  The other three-quarters will be borne by American taxpayers. For some reason, President Obama hasn’t talked about this particular feature of his signature legislation.  Indeed, it’s bad enough that Obamacare is projected by the Congressional Budget Office to funnel $1,071,000,000,000.00 (that’s $1.071 trillion) over the next decade (2014 to 2023) from American taxpayers, through Washington, to health insurance companies.  It’s even worse that Obamacare is trying to coerce Americans into buying those same insurers’ product (although there are escape routes).  It’s almost unbelievable that it will also subsidize those same insurers’ losses."  http://www.weeklystandard.com/blogs/bailing-out-health-insurers-and-helping-obamacare_774167.html

Obamacare is a total fraud.  It is designed to fail.  The real purpose is to coerce patients to be a part of it, and to coerce insurance companies and doctors to support it.  Then replace it with a "single-payer" system.  It is one step in the planned government takeover of 1/6th of the economy.

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