More Bailouts--Now To Insurance Companies

Surprise: Obama Lied… Again! Insurance Bailout Coming (Told You So)

May 26, 2014 by Bob Livingston 

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Buried in hundreds of new Obamacare regulations and in yet another violation of Article I, Section 1 of the U.S. Constitution, the Barack Obama regime has skirted Congress and created a bailout for insurance companies foundering in the bureaucratic tangle that is Obamacare.

For months, Administration officials have denied (i.e., lied about) charges by opponents they planned a “bailout” for insurance companies providing Obamacare coverage. It’s not so much a bailout as it is a subsidy (read: bribe) to get insurance companies to keep premiums artificially low and an attempt to salvage Democrat 2014 election prospects.

Even while making the bribe possible, the regime claims insurance companies won’t have to “substantially” increase premiums. But if they do, well.

“It’s absolutely paramount to keep premiums in check,” Len Nichols, a health economist at George Mason University who has advised officials working on the law, told The Los Angeles Times. And so they plan to steal more from the taxpayers to make it so.

Of course, this is no surprise to anyone who understands that the U.S. government is a fascist system. I told you it was coming 18 months ago.

But take heart: Obama Administration officials said the new regulations would not put taxpayers at risk. “We are confident this three-year program will not create a shortfall,” Health and Human Services spokeswoman Erin Shields Britt said in a statement. “However, we want to be clear that in the highly unlikely event of a shortfall, HHS will use appropriations as available to fill it.”

That’s comforting, given that Obamacare costs more than we were told it would cost, that Americans were promised they could keep their doctor and their healthcare coverage if they liked it, that unemployment would be down to 5.7 percent by late 2012, that Benghazi was caused by a video, that there was no targeting of conservative groups by the Internal Revenue Service and that Obama learned of the Veterans Affairs scandal when he saw it in the news.

How can we help but believe it?