O
EDITORIAL: Bailing out Obamacare
Congressional inquiry finds no legality for payout to insurers
Rep. Fred Upton, Michigan Republican (Associated Press)
You don’t need a degree in higher math to see that the numbers for President Obama’s health care takeover don’t add up. Obamacare doles out generous subsidies to the elderly in the expectation that healthy young people will pay higher premiums to cover the added costs of insuring the old.
The millennials, to Mr. Obama’s surprise and sorrow, aren’t as credulous as he thought they would be. They haven’t signed up for Obamacare in appreciable numbers. So he’s preparing a bailout, and what he has in mind may be against the law.
Tucked inside the thousand-page Obamacare legislation are provisions guaranteeing profits for insurance companies to entice them to play the government’s game. If insurance firms join the exchanges and pay out more in medical claims than they anticipate, taxpayers would cover their losses.
No comments:
Post a Comment