Fearing huge health insurance rate increases this Summer and Fall, the #Obama administration has implemented a new set of #Obamacare regulations that promises the insurance companies they wont have to eat any losses is they keep playing ball with the feds... and were talking BILLIONS of dollars that the taxpayers will be liable for this time. 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 falls 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 shouldnt need to substantially increase premiums because safeguards in the healthcare law will protect them over the next several years. If conservatives want to stop the illegal Obamacare insurance bailout before it starts they must start planning now. - Conn Carroll, an editor of the right-leaning news site Townhall But the change in regulations essentially provides insurers with another backup: If they keep rate increases modest over the next couple of years but lose money, the administration will tap federal funds as needed to cover shortfalls. Once again, just in time top influence another important national election. And once again, WE get the bill.
Posted on: Wed, 21 May 2014 14:23:08 +0000
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