ObamaCare: Doing the Math, IRS Collects Too Much – Insurers Have No Risk

U.S. taxpayers (that means only half of us) are paying 100% of the monies needed to fulfill ObamaCare’s promise to fund 80% of any risk insurers might face. Just to clarify, insurers are at risk for nothing, yet it’s likely your premiums have soared, or are about to. Obama cut Medicare by $716 BILLION. By September 12, 2012, AARP (remember the white coats lining up behind Obama on the White House lawn?) had garnered a $1 BILLION $2.8 BILLION windfall from ObamaCare.

WaPo Hides ObamaCare Opposition

WaPo Hides ObamaCare Opposition

 

First, a little background: The Transitional Reinsurance Program is one of three mechanisms in Obamacare created to protect insurance companies from the risks associated with entering into the new marketplaces. This temporary program was designed to help insurers recoup large claims.

The goal was for these funds to pay 80 percent of a high claimant in excess of $45,000 up to $250,000. In other words, the government had you pay to fund insurance claims that insurance companies normally would have paid, but only for those who purchased individual insurance plans through qualified health plans…

First, a little background: The Transitional Reinsurance Program is one of three mechanisms in Obamacare created to protect insurance companies from the risks associated with entering into the new marketplaces. This temporary program was designed to help insurers recoup large claims.

The goal was for these funds to pay 80 percent of a high claimant in excess of $45,000 up to $250,000. In other words, the government had you pay to fund insurance claims that insurance companies normally would have paid, but only for those who purchased individual insurance plans through qualified health plans. Read the story, and see a detailed list at The Federalist

Linked at Tea Party Command Center – thank you!

Linked in Theo Sparks’ The Daily Spark. Read it here, or visit his blog here.

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