Bailing Out Health Insurers and Helping Obamacare

Photo Credit: Weekly Standard
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.
But that’s exactly what it will do—unless Republicans take action. As Laszewski explains, Obamacare contains a “Reinsurance Program that caps big claim costs for insurers (individual plans only).” He writes that “in 2014, 80% of individual costs between $45,000 and $250,000 are paid by the government [read: by taxpayers], for example.”
Read more from this story HERE.





Jurors in the trial of a German man charged with killing his 91-year-old wife were shown bloody crime scene photographs Monday and a portion of an interview with homicide detectives in which he referred to the couple’s relationship as a “marriage of convenience.”


California Rep. Darrell Issa, the Republican chair of the House Oversight Committee, accused the Obama administration of waging “a war on guns” after new reports of “rogue” sting operations by the Bureau of Alcohol, Tobacco and Firearms (ATF) conducted during 2013.