Another Obamacare Swindle on the American Poeple … Tax Payer Bailout for Insurance Companies Who Lose $’s That Provide Coverage Through the Affordable Care Act

ITS THE GIFT THAT KEEPS GIVING IT TO THE AMERICAN TAX PAYER …

Obama administration officials for months have denied charges by opponents that they plan a “bailout” for insurance companies providing coverage under the healthcare law. Here comes a shock, guess what … THEY LIED!!! As reported at the LA Times, in yet another end run around Congress, 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. Ever wonder why insurance companies were all in for Obamacare? Looks like they had an out to be paid back for losses through a government bailout courtesy of the American tax payers.

This law should be considered a crime perpetrated on the American people. There was an intelligent, logical and proper way to go about attempting to provide healthcare to Americans who wanted it and make it affordable … THIS WAS NOT IT AND WAS NEVER INTENDED TO BE.

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.

The move was buried in hundreds of pages of new regulations issued late last week. It comes as part of an intensive administration effort to hold down premium increases for next year, a top priority for the White House as the rates will be announced ahead of this fall’s congressional elections.

Administration officials for months have denied charges by opponents that they plan a “bailout” for insurance companies providing coverage under the healthcare law.

They continue to argue that most insurers shouldn’t need to substantially increase premiums because safeguards in the healthcare law will protect them over the next several years.