Friday, January 03, 2014

The BOcare Insurance Bailout

Charles Krauthammer: Stop the bailout, now - The Washington Post:

Good column by Charles pointing out another aspect of BOcare known from the beginning, but hidden in the massive bill.

Not only will you not be able to keep the insurance plans you have now, the Insurance companies will STILL go bankrupt trying to provide what is mandated even with vastly higher rates and deductibles.

So they built a Bailout into the bill to get the Insurance Industry on board ... a bailout that you the taxpayer are on the hook for, along with your higher premiums and deductibles!

The solution if Republicans are smart enough to follow the advice, repeal the bailouts as part of the debt ceiling and let the Democrats squirm. I'm betting the Republicans are too in bed with the Insurance companies to get it done, but it would be a good idea.

'via Blog this'

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