We The People

We The People

Saturday, November 21, 2015

Blog: As Obamacare collapses, HHS claims taxpayers have 'obligation' to bail out crony health insurers

Blog: As Obamacare collapses, HHS claims taxpayers have 'obligation' to bail out crony health insurers:

"One critical element in selling the Obamacare legislation to the Democrats, who passed it into law without a single Republican vote, was the lobbying of the health insurance industry.  The insurers were made into cronies by the inclusion of the so-called “risk corridor” payments, guaranteeing them profits should premium revenue fail to cover expenses.

The deal was thus presented to them as a no-lose proposition that would expand the market for their products by forcing consumers to buy them on pain of hefty fines (later redefined as “taxes” by Chief Justice Roberts). "

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