cooltigger21 0 Posted November 26, 2015 Share Posted November 26, 2015 As if we didn't learn from the Wall Street bailout and the GM bailout we're ready to bail out insurance companies who are losing money as a result of Obamacare . http://davidstockmanscontracorner.com/here-comes-the-next-bailout-the-obamacare-risk-corridor-subsidy-to-insurers/ Link to comment Share on other sites More sharing options...
alexava 6,972 Posted November 26, 2015 Share Posted November 26, 2015 who is gaining all this lost money? Link to comment Share on other sites More sharing options...
Proud Tiger 4,261 Posted November 26, 2015 Share Posted November 26, 2015 who is gaining all this lost money? It just disappears and the Treasury prints some more. Link to comment Share on other sites More sharing options...
alexava 6,972 Posted November 27, 2015 Share Posted November 27, 2015 Yes, money just disappears all the time. Link to comment Share on other sites More sharing options...
cooltigger21 0 Posted November 27, 2015 Author Share Posted November 27, 2015 who is gaining all this lost money? The whole system depends on getting healthy younger people to sign up an be paying premiums but not using services. That would offset the cost of older people using more services than the premiums could pay for. Since that, predictably, didn't happen, they're losing money and either have to leave the system or get a bailout. Obama is going to do anything and everything to prop up this massive failure that is his signature piece of legislation. If that means fleecing the taxpayers then so be it. Link to comment Share on other sites More sharing options...
japantiger 4,031 Posted November 27, 2015 Share Posted November 27, 2015 who is gaining all this lost money? The whole system depends on getting healthy younger people to sign up an be paying premiums but not using services. That would offset the cost of older people using more services than the premiums could pay for. Since that, predictably, didn't happen, they're losing money and either have to leave the system or get a bailout. Obama is going to do anything and everything to prop up this massive failure that is his signature piece of legislation. If that means fleecing the taxpayers then so be it. I'm shocked, shocked I tell you...round up the usual suspects...I am sure Obama found out about it on TV. Link to comment Share on other sites More sharing options...
around4ever 4,139 Posted November 27, 2015 Share Posted November 27, 2015 who is gaining all this lost money? The whole system depends on getting healthy younger people to sign up an be paying premiums but not using services. That would offset the cost of older people using more services than the premiums could pay for. Since that, predictably, didn't happen, they're losing money and either have to leave the system or get a bailout. Obama is going to do anything and everything to prop up this massive failure that is his signature piece of legislation. If that means fleecing the taxpayers then so be it. Taxpayers are already being fleeced with the higher costs of healthcare since the ACA (Obamacare) took effect. Insurance premiums for everybody have gone up. Some have doubled and tripled since ACA took effect. So, it looks like the insurance companies are getting the "lost money". Nope, there are too many non-contributors who are getting their healthcare paid for or get big subsidies which the insurance companies have to pay from that "lost money". The doctors and hospitals don't seem to be the beneficiaries of the "lost money" either. So... good question, where is the "lost money" going? Link to comment Share on other sites More sharing options...
cooltigger21 0 Posted November 27, 2015 Author Share Posted November 27, 2015 who is gaining all this lost money? The whole system depends on getting healthy younger people to sign up an be paying premiums but not using services. That would offset the cost of older people using more services than the premiums could pay for. Since that, predictably, didn't happen, they're losing money and either have to leave the system or get a bailout. Obama is going to do anything and everything to prop up this massive failure that is his signature piece of legislation. If that means fleecing the taxpayers then so be it. Taxpayers are already being fleeced with the higher costs of healthcare since the ACA (Obamacare) took effect. Insurance premiums for everybody have gone up. Some have doubled and tripled since ACA took effect. So, it looks like the insurance companies are getting the "lost money". Nope, there are too many non-contributors who are getting their healthcare paid for or get big subsidies which the insurance companies have to pay from that "lost money". The doctors and hospitals don't seem to be the beneficiaries of the "lost money" either. So... good question, where is the "lost money" going? The money is being eaten up by bureaucratic largesse. It requires some much to implement this whole thing. The money is also being spent on hospital and doctor visits but the reimbursement rate is lower than their costs. Link to comment Share on other sites More sharing options...
AURaptor 1,119 Posted November 27, 2015 Share Posted November 27, 2015 As planned. Link to comment Share on other sites More sharing options...
AUTUmike 79 Posted December 1, 2015 Share Posted December 1, 2015 who is gaining all this lost money? It just disappears and the Treasury prints some more. Sadly, I think you're serious. Link to comment Share on other sites More sharing options...
cooltigger21 0 Posted December 1, 2015 Author Share Posted December 1, 2015 who is gaining all this lost money? It just disappears and the Treasury prints some more. Sadly, I think you're serious. what do you think QE is? We're 18 trillion dollars in debt (officially) The numbers are being fudged all over the place. Link to comment Share on other sites More sharing options...
AUTUmike 79 Posted December 4, 2015 Share Posted December 4, 2015 who is gaining all this lost money? It just disappears and the Treasury prints some more. Sadly, I think you're serious. what do you think QE is? We're 18 trillion dollars in debt (officially) The numbers are being fudged all over the place. QE doesn't make money disappear. In fact, it does quite the opposite. What do YOU [incorrectly] think QE is?? Link to comment Share on other sites More sharing options...
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