The obamacare disaster continues to boggle-
The Daverts are just one of the thousands of American families who lost healthcare coverage after Obamacare forced their insurance company
to cancel their plan.
But the Daverts aren’t like other American family. Twin children Austin and Michaela have brittle bone disease, as does their mother, Melissa. Their father, Ken, has cerebral palsy. Though their handicaps–and medical expenses–are significant, life together is not just manageable, but happy, in their Bay City, Michigan home.
Things have become much more difficult, however, since recently implemented provisions of the Affordable Care Act cause their insurer to drop the children from their health plan. And even after spending hours and hours navigating the labrynthine healthcare.gov and demanding answers from confused call center bureaucrats, Melissa Davert’s children remain uninsured, despite their constant medical needs.
Insurance Company Bailouts
Robert Laszewski—a prominent consultant to health insurance companies—recently wrote in a remarkably candid blog post that, while Obamacare is almost certain to cause insurance costs to skyrocket even higher than it already has, “insurers won’t be losing a lot of sleep over it.” How can this be? Because insurance companies won’t bear the cost of their own losses—at least not more than about a quarter of them. The other three-quarters will be borne by American taxpayers.For some reason, President Obama hasn’t talked about this particular feature of his signature legislation. Indeed, it’s bad enough that Obamacare is projected by the Congressional Budget Office to funnel $1,071,000,000,000.00 (that’s $1.071 trillion) over the next decade (2014 to 2023) from American taxpayers, through Washington, to health insurance companies. It’s even worse that Obamacare is trying to coerce Americans into buying those same insurers’ product (although there areescape routes). It’s almost unbelievable that it will also subsidize those same insurers’ losses.
http://www.weeklystandard.com/blogs/bailing-out-health-insurers-and-helping-obamacare_774167.html
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