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A new taxpayer bailout to cover up ObamaCare’s failure?

Source; New York Post;

Is there no end to the Lies and Subterfuge This Disruptive Destroyer of America will come up with to force his will on the people?

A new taxpayer bailout to cover up ObamaCare’s failure?

How dare the Obama administration bail out insurance companies with our money in order to hide ObamaCare’s failures. Thursday, just hours after giant insurer UnitedHealthcare said it’s losing money selling ObamaCare plans and will likely exit the health exchanges next year, the Obama administration quietly promised to bail out insurers for their losses — using your money.

Nearly all insurers are bleeding red ink trying to sell the unworkable plans. Without a bailout, more insurers will abandon ObamaCare, pushing it closer to its demise. A bailout would benefit insurers and the Democratic Party, which is desperate to cover up the health law’s failure. Ironically Democrats (including Hillary Clinton and Bernie Sanders) bad-mouth bank bailouts but are all for insurance-company bailouts. Truth is, it’s a ripoff for taxpayers, who shouldn’t have to pay for this sleazy coverup.

The pressure is building on Republicans in Congress. Industry groups like the American Health Insurance Plans and giant insurers are joining with the Obama folks to lobby ferociously for a bailout.

UnitedHealthcare’s Thursday bombshell rattled investors, health-plan subscribers and ObamaCare partisans. The insurer currently covers more than half a million ObamaCare plan subscribers in 23 states, including New York, New Jersey and Connecticut.

The insurer announced losses of $425 million on ObamaCare plans, and CEO Stephen Hemsley said, “We cannot sustain these losses,” and “we saw no indication of anything actually improving.”

Hemsley pointed to enrollees who were older and sicker than expected and in many cases gamed the system by waiting until they were ill to sign up. “We can’t subsidize a market that doesn’t at this point appear to be sustaining itself.”

When UnitedHealthcare speaks, the industry listens. It’s the nation’s largest insurer. And the problems it faces are slamming all insurers.

According to the consulting firm McKinsey, insurers lost billions selling ObamaCare plans in 2014, and the losses are mounting again this year. On Friday, Aetna also conceded it is losing money on ObamaCare.

Similar pressures already have forced a dozen insurance ObamaCare co-ops out of business, including the New York giant insurer Health Republic. If enrollments continue to stagnate, it’s likely other insurers will follow UnitedHealthcare and jump ship.

On Thursday, the administration tried to calm insurers, sending them a written memo full of promises. Obama’s Department of Health and Human Services vowed to go to Congress for full funding to reimburse insurers for their losses.

At issue is the Affordable Care Act’s so-called “risk corridor” program. Profitable insurers are supposed to pay into a fund every year to help unprofitable insurers. But with nearly all insurers losing money on ObamaCare, there’s not enough money in the pot. Insurers requested $2.9 billion to offset their 2014 losses, and were told they would get only 13 cents on the dollar, because the pot is so empty.

That shortfall pushed several co-ops into bankruptcy, including Health Republic. UnitedHealthcare also said it was a reason for its reluctance to stay in ObamaCare. But too bad for insurers. They’re in business to take risks and either make money or lose it.

The risk-corridor program shouldn’t be used to funnel taxpayer money to insurers. But the administration is trying to weasel around it and get Congress to fill the pot with taxpayer dollars. That’s what makes it a bailout. And crony capitalism.

When Obama tried this last year, Republicans in Congress stopped it. In the coming weeks, count on Obama and congressional Democrats to try slipping insurance-bailout money into the spending bills being rushed through Congress as the year closes.

Let’s face it, Obama will do anything to protect his signature health-care law, even if it means paralyzing the budget process. As long as Republicans keep their backbone and their eyes on the fine print, they can stop the bailout again. Taxpayers shouldn’t have to prop up the failures of ObamaCare.

Betsy McCaughey is the author of “Beating Obamacare.”

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United Healthcare - AARP insurance - the Director is being considered as the next string puller for Obamacare. And, what is going on with United? Oh, they are considering pulling out of the government program - because they don't have enough younger members, their costs are too high. Heaven forbid, that they should be expected to support their members at such premiums.

Obamacare’s tax-time torment

Lead Story
Obamacare’s tax-time torment
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By Michelle Malkin • March 16, 2016 07:08 AM

Obamacare’s tax-time torment
by Michelle Malkin
Creators Syndicate
Copyright 2016

“Where is my 1095-A? This is what it must be like dealing with a government agency in a third world country.”

That was the lament on Twitter of just one poor citizen this week trying to get his tax records in order. Nationwide, hard-working Americans are struggling to meet the April 18 IRS filing deadline. Standing in the way: the bumbling Obamacare bureaucracy.

In Minnesota, an estimated 18,000 people who were on health insurance plans last year offered through MNsure, the state Obamacare health insurance exchange, still haven’t received their 1095-A form. It’s the “health insurance marketplace statement” required to file accurate tax returns and claim the premium tax credit.

Twin Cities officials blame “technical bugs” and promise they’ll be sending more of the documents out next week. But it’s small consolation to farmers in Minnesota who were required to file their taxes by March 1.

“This is the second year in a row MNsure has been late sending my 1095-A form and it’s cost me extra money when I have to file for an extension on my tax filings,” farmer Robert Marg of Winona County, Minnesota, told his local TV station
http://michellemalkin.com/

Health insurer Highmark sues US over Obamacare payments
A big player in Obamacare insurance markets is tired of waiting for a big pot of money it says the federal government owes, and now it's taking its case to court.

Highmark is suing the government demanding payment of almost $223 million, the full amount to which the health insurer says it is legally entitled for 2014 under an Obamacare program designed to limit the business risk of selling plans.
http://www.cnbc.com/2016/05/18/health-insurer-highmark-sues-us-over...

Obama administration may use obscure fund to pay billions to ACA insurers
https://www.washingtonpost.com/national/health-science/obama-admini...

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