Krauthammer: ‘Huge Gov’t Bailout’ of Health Insurance Industry at End of 2014

Photo Credit: Image from Fox News's 'O'Reilly Factor'

Photo Credit: Image from Fox News’s ‘O’Reilly Factor’

President Obama, by issuing new rules that erode Obamacare’s “financial structure,” is putting the health insurance industry — and taxpayers — at risk, author and conservative political analyst Charles Krauthammer said on Sunday.

“The insurers understand that they’re going to be completely ruined,” Krauthammer said on “Fox News Sunday” with Chris Wallace. “And what’s going to happen as a result of this? There’s only one way out, a huge government bailout of the insurers is waiting at the end of next year.”

That’s the issue Republicans should be focusing on right now, Krauthammer said.

On Thursday, the Obama administration unilaterally delayed another provision of the law, saying there will be no tax penalty for people who had their existing health insurance canceled because of the Affordable Care Act and who did not find new coverage as required by law.

“There still may be a small number of consumers who are not able to renew their existing plans and are having difficulty finding an acceptable replacement,” Health and Human Service Secretary Kathleen Sebelius wrote to Senate Democrats. “These consumers should qualify for this temporary hardship exemption,” the Associated Press quoted her as saying.

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