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  1. #1 Obama To Reimburse Insurance Companies Up To $1 TRILLION For Obamacare Losses 
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    As of the end of December, 2.1 million Americans had signed up for actual health insurance plans on Obamacare. (All the others were eligible for Medicaid.) Here is the breakdown of age groups purchasing insurance plans:

    http://www.businessweek.com/articles...n-three-charts


    Obamacare is not sustainable if over half of health insurance purchasers are over 45. The crucial 18-34 age group (young adults in good health) is 24%, not nearly enough to keep the system going.

    In addition, the majority of insurance purchasers on the Obamacare exchange are getting subsidies:



    This means that older, sicker, poorer people are flocking to the exchange, while those who are younger, healthier, and (relatively) better off are staying off the exchange.

    And remember, only 2.1 million out of 3.7 million (57%) on the exchange are actually buying insurance.
    1.6 million (43%) were signed up for Medicaid. Perhaps this explains the coming bailout:


    Bailing Out Health Insurers and Helping Obamacare
    http://www.weeklystandard.com/blogs/...re_774167.html

    Robert Laszewski—a prominent consultant to health insurance companies—recently wrote in a remarkably candid blog post that, while Obamacare is almost certain to cause insurance costs to skyrocket even higher than it already has, “insurers won’t be losing a lot of sleep over it.” How can this be? Because 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.
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  2. #2  
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    it just gets more horrible by the day. and was all predictable and predicted. worse still, the donkeys knew it. why are people not in prison ?
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  3. #3  
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    Quote Originally Posted by coach View Post
    it just gets more horrible by the day. and was all predictable and predicted. worse still, the donkeys knew it. why are people not in prison ?
    Even worse, Obamacare has been a net loss:



    Close to 6.3 million have lost their insurance. Only 3.7 million have signed up on the exchange/Medicaid.

    They should all be in jail: this is heist, not a health care program. They basically have a gun to our heads: buy insurance they have overpriced (and made worse) or your taxpayer dollars will be siphoned off anyway. This is just a scheme to take everything the middle class has ever worked for. It goes hand in glove with the housing bubble.
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