Lake Erie Conservative

thoughtful discussion(s) about issue(s)

… there will be a Bailout of Insurance Companies …

Posted by paulfromwloh on Thursday,December 26th,2013

.. and it will burn the DemoCraps badly ..

.. you may wonder : how ? and why ? It is already written into the ObamaCrapCare bill . The feature in question is what is called ” risk corridors . ” Basically , if the insurance companies take on excessive amounts of risk , they will be compensated for it . It is in the law , already .

.. [h/t — http://DailyCaller.com%5D
.. [link] to the article and video clip …

.. Boy , does that stink . The insurers got into bed with the ObamaCraps on this bill , and got a provision like this placed into the bill . it covers their financial backsides , so that they will not lose excessive amounts of money . They may not make much , though , but they will not lose their shirts , either . What is worse is that the C.B.O. ” scored ” this feature as having no net financial effect on the bill . Are you kidding ?

.. It will not have a net effect on the insurers . They will be contractually covered for any losses outside certain ” boundaries , ” or the ” risk corridors . ” Guess who it will screw , and badly ? Yep , the taxpayer , and Big Time ! Nice one , DemoCraps . You have given more ” bulletin board ” material to the G.O.P. . Duuuh !

.. the Insurance business does not come without risk . It is the way the thing operates . Well , it is the way it is supposed to operate . If an insurer misprices its risks , or does not invest its premiums well enough to smooth things out , well …. . It is supposed to go out of business , or at least go bankrupt , so someone else can take over its market and business . Those idiots got into bed with His Lordship and the rest of the Dems , so that they could protect themselves . Now , they look like a bunch of ” errand boys ” for POTUS and for H.H.S. . See what happens .

.. Those dummies may end up losing their shirts , anyway . Serves them right !

.. It may not have much effect at first , at least in 2014 . It will in 2015 , and become an anchor around the necks of the Dems in the 2016 Presidential campaign . An expensive one , at that …

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