Remember when Obamacare was rammed through with only Democrat support. At the time Obama chastised the “evil” insurance companies and their obscene profit. Now a few years later now Obama is pressuring Congress to BAIL-OUT the very same insurance companies with tax-payer money.
White House wants to provide money, or a bailout, to insurance companies losing money due to running government Obamacare exchanges. Obama plans to help insurance companies so they do not take a financial hit by participating in government-run health exchanges.
Department of Health and Human Services asked that insurance companies limit the looming premium increases for 2015 health plans. But don’t worry, HHS hinted: we’ll bail you out on the taxpayer’s dime if you lose money. I wonder why there wasn’t a press release.
Critics call Obama funding plan for health insurer losses a ‘bailout’ – LA Times
<p>The Obama administration has quietly adjusted key provisions of its signature healthcare law to potentially make billions of additional taxpayer dollars available to the insurance industry if companies providing coverage through the Affordable Care Act lose money.</p> <p>The move was buried in hundreds…</p>