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Affordable Care Act to be Bailed Out By Taxpayers
The same as it ever was in Washington D.C.! Spent then tax and then tax some more! How do they adjust provisions on the fly? It's taxation with out representation!
serf
http://www.latimes.com/nation/la-na-insurance-bailout-20140521-story.html#page=1
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.
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.
Although little noticed so far, the plan was already beginning to fuel a new round of attacks Tuesday from the healthcare law's critics.
serf
http://www.latimes.com/nation/la-na-insurance-bailout-20140521-story.html#page=1
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.
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.
Although little noticed so far, the plan was already beginning to fuel a new round of attacks Tuesday from the healthcare law's critics.
Comments
fund freebee's heath care for all of the poor unfortunate black have not's Remember the 18 century "the White mans burden"