URGENT: Obamacare Is Crumbling & Taxpayers At Serious Risk.
by Phil Kerpen, Contributing Author: We knew this day would come.
The Obama administration’s signature healthcare law is COMPLETELY melting down …
… and bureaucrats and corporate CEOs are turning to YOU for a bailout.
As I mentioned in my column last week, Obamacare’s health exchanges are so over regulated that the nation’s largest health insurance provider, UnitedHealth, pulled out ENTIRELY. Humana also announced it was pulling out of 88% of the Obamacare exchanges.
And today, the mass exodus continued when Aetna, the nation’s third largest health insurance company, announced that it would pull out of 11 of the 15 states it was in – leaving all of South Carolina and most of North Carolina with just Blue Cross and Pinal County, Arizona with ZERO insurance options
Obamacare is on life support.
Aetna CEO Mark Bertolini was pretty blatant in a recent interview about what it would take to get them back in the Obamacare game. According to Bloomberg: “Rather than transferring money among insurers, the law should be changed to subsidize insurers with government funds, Bertolini said.”
In other words: everybody is losing money, so taxpayers need to pick up the tab.
Why would Aetna’s CEO think that the Obama administration would funnel taxpayer money to prop up his failing healthcare law? Because they have done it before.
The Obama administration shortchanged taxpayers by $3.5 billion that, contrary to law, they sent directly to insurance companies. And their legal posture in a pending $5 billion lawsuit to force a bailout via the so-called risk corridor program amounts to a promise that they will somehow get them paid in the future.
We see the storm that is coming.
The more Obamacare sinks, the more the administration and the big insurance companies will conspire for ways to plug the hole with your tax dollars.
Consider this: the top Obama administration bureaucrat overseeing Obamacare, Marilyn Tavenner, left last year to become the insurance industry’s top lobbyist. Now she’s begging for bailouts from her replacement, Andy Slavitt, who was the executive vice president of UnitedHealth (they paid him $12 million on his way out the door!) before going into government.
Asked about this blatant corruption, Tavenner casually said: “If you want someone who has some depth in health care, there's going to be a revolving door.”
Please tell Congress to stop any attempt to prop up Obamacare with more corrupt, illegal, insurance company bailouts!
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Phil Kerpen is president of American Commitment. Follow him at (@kerpen) and on Facebook. He is a contributing author at the ARRA News Service.
Tags: Phil Kerpen, American Commitment, Obamacare crumbling. taxpayers at risk, bailouts, insurance companies, tell Congress, stop, prop up, Obamacare, corrupt, illegal, insurance company, bailouts To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
The Obama administration’s signature healthcare law is COMPLETELY melting down …
… and bureaucrats and corporate CEOs are turning to YOU for a bailout.
As I mentioned in my column last week, Obamacare’s health exchanges are so over regulated that the nation’s largest health insurance provider, UnitedHealth, pulled out ENTIRELY. Humana also announced it was pulling out of 88% of the Obamacare exchanges.
And today, the mass exodus continued when Aetna, the nation’s third largest health insurance company, announced that it would pull out of 11 of the 15 states it was in – leaving all of South Carolina and most of North Carolina with just Blue Cross and Pinal County, Arizona with ZERO insurance options
Obamacare is on life support.
Aetna CEO Mark Bertolini was pretty blatant in a recent interview about what it would take to get them back in the Obamacare game. According to Bloomberg: “Rather than transferring money among insurers, the law should be changed to subsidize insurers with government funds, Bertolini said.”
In other words: everybody is losing money, so taxpayers need to pick up the tab.
Why would Aetna’s CEO think that the Obama administration would funnel taxpayer money to prop up his failing healthcare law? Because they have done it before.
The Obama administration shortchanged taxpayers by $3.5 billion that, contrary to law, they sent directly to insurance companies. And their legal posture in a pending $5 billion lawsuit to force a bailout via the so-called risk corridor program amounts to a promise that they will somehow get them paid in the future.
We see the storm that is coming.
The more Obamacare sinks, the more the administration and the big insurance companies will conspire for ways to plug the hole with your tax dollars.
Consider this: the top Obama administration bureaucrat overseeing Obamacare, Marilyn Tavenner, left last year to become the insurance industry’s top lobbyist. Now she’s begging for bailouts from her replacement, Andy Slavitt, who was the executive vice president of UnitedHealth (they paid him $12 million on his way out the door!) before going into government.
Asked about this blatant corruption, Tavenner casually said: “If you want someone who has some depth in health care, there's going to be a revolving door.”
Please tell Congress to stop any attempt to prop up Obamacare with more corrupt, illegal, insurance company bailouts!
------------------
Phil Kerpen is president of American Commitment. Follow him at (@kerpen) and on Facebook. He is a contributing author at the ARRA News Service.
Tags: Phil Kerpen, American Commitment, Obamacare crumbling. taxpayers at risk, bailouts, insurance companies, tell Congress, stop, prop up, Obamacare, corrupt, illegal, insurance company, bailouts To share or post to your site, click on "Post Link". Please mention / link to the ARRA News Service. and "Like" Facebook Page - Thanks!
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