Published on Dec 22, 2013 by yazchattiest
Syndicated columnist Charles Krauthammer made a dire prediction. Appearing on Fox News Sunday, Krauthammer said that all the exemptions the President has given to ObamaCare will ruin insurance companies thereby necessitating the White House to ask for a huge government bailout of these companies next year that Republicans in Congress should prevent.
But it seems far likelier that the overwhelming majority of ObamaCare enrollees are for Medicaid. The early numbers show upwards of 80 percent of applicants are qualifying for such assistance. As a result, the burden will initially be on the federal government, but will be transferred to the states with the passage of time.
Contrary to what the liberal media have claimed concerning this issue, that’s why so many of the states opted not to take federal funds for Medicaid expansion under ObamaCare because they knew that assistance was temporary and that they’d eventually be responsible for financing healthcare for these added recipients.
As such, the additional cost to insurance companies though large may not be so burdensome that they need a bailout to survive. What seems more likely is that they’ll just raise premiums on all of their policyholders thereby completely destroying the whole premise of ObamaCare. Whatever the case, it seems almost a metaphysical certitude that the train wreck called the Affordable Care Act will continue to worsen after the New Year, and there’s nothing the President can do about it. Stay tuned.
NewsBusters: Krauthammer: Insurance Companies Ruined By ObamaCare Will Need a Bailout Next Year
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3 thoughts on “Krauthammer: Insurance Companies Ruined By ObamaCare Will Need A Bailout Next Year”
The individual mandate is the heart of the Affordable Care Act. Government subsidies to the Insurance companies is inevitable. These subsidies will help the insurance companies from going broke because of a flawed social insurance experiment. These subsidies will come from the taxpayer. Its a win win for Insurance companies. Big question and observation is why over the last 5 years has any media outlet (conservative or liberal)ever interviewed any of the major Insurance executives. That’s right never. I recently asked my doctor why didn’t doctors get together and protest the act on a major scale. He said doctors felt hopeless since Insurance companies, the government, the AMA, AARP, Hospital companies and others were supporting it. He said doctors just can’t fight that kind of power.
Well if “doctors just can’t fight that kind of power” that means they’ve chosen what side they’re on, and it’s not ours.
They can strike, they can resign, they can exclude themselves from the above-listed organizations, and first of all, they can agree to stop poisoning people.
What they mean by saying they “can’t fight that kind of power: is that it would be terribly inconvenient for them to fight that kind of power, and it’s certainly not gong to be easy for any of us, either.
The doctors are the front-line troops for fighting Obamacare, and if they decide to go along with it, they’re traitors.
We need an insurance plan to protect us from obama. what about a bail-out for all taxpayers?.