Insurance Bailouts and Revolving Doors
How many times over the past several years have we heard how evil insurance companies are? How they try to screw innocent, hard working people out of coverage in order to make a quick buck? And who was it that told us this was the case? Wasn’t it the very president who now wants to bail them out? United Healthcare, the nation’s largest insurer, last | Read More »
HHS Says ObamaCare Is Too Big To Fail
Last week, ObamaCare was hit with a body blow as one of the nation’s major health insurers, United Healthcare, announced it was pulling back from Obamacare in 2016 and may not participate at all in 2017: UnitedHealth Group Chief Executive Stephen J. Hemsley said the company isn’t willing to continue its losses into 2017. UnitedHealth has already locked in its exchange offerings for 2016, but | Read More »
Kentucky’s federally-subsidized Obamacare co-op to close.
Turns out that running an Obamacare co-op without generous federal largess is pretty much impossible. Who knew? …Well, yes, all of YOU did, sure.
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The ObamaCare insurance industry bailout warms up on its launch pad
It’s the bailout none dare speak of, the bailout we’re not even supposed to refer to as a “bailout.” No, no, you’re just fearmongering by using that term! Instead, you must talk about “risk corridors.” A risk corridor is a passageway wide enough to accommodate a few billion dollars of bailout money. If you think of the boulder that almost crushed Indiana Jones at the | Read More »