Byron York: Insurance company bailouts ‘absolutely will happen’ under Obamacare; new taxes hit next week

Brendan Bordelon
The Daily Caller

Washington Examiner reporter Byron York told Fox News on Thursday that a bailout of health insurance companies “absolutely will happen” under Obamacare, claiming a government lifeline is actually “built into the law.”

York spoke with Fox News’ Greg Jarrett and Jamie Colby about the latest healthcare tweak announced today by the White House, which allows those who were unable to sign up in time for coverage to file “appeals” to be considered on a case-by-case basis…

…York explained that hospitals will continue to treat seriously ill individuals even if their Obamacare coverage fails, meaning the costs will be passed onto the healthcare providers themselves. “Of course, this was the system that the Affordable Care Act was supposed to remedy,” he noted, “and right now it doesn’t appear that there’s going to be a lot of change in that come Jan. 1.”

But it was Colby’s suggestion that the government may end up bailing out health insurance companies — now poised to cover hundreds of thousands of sick individuals without the assistance of premiums from the young and healthy — that really raised eyebrows:

COLBY: What do you think about these bailouts of insurance companies, as well? Could that happen?

YORK: It absolutely will happen –

COLBY: Will happen?!

YORK: As a matter of fact, it’s written into the law. There’s something called “risk corridors,” which basically ensure that if an insurance company ends up paying a lot more in benefits than it takes in in premiums, then the federal government will bail it out — it will make it good…



The complete article is at The Daily Caller.


Related:   MARK STEYN: Why does Obama get a pass for sending a stuntman to sign him up for Obamacare? 

…“Is the ruling class bound by the laws it imposes on you, because if it’s not then it’s not any kind of Republic except for the Banana kind.”…




New ObamaCare fees coming in 2014

Here comes the ObamaCare tax bill.

The cost of President Obama’s massive health-care law will hit Americans in 2014 as new taxes pile up on their insurance premiums and on their income-tax bills.

Most insurers aren’t advertising the ObamaCare taxes that are added on to premiums, opting instead to discretely pass them on to customers while quietly lobbying lawmakers for a break.

But one insurance company, Blue Cross Blue Shield of Alabama, laid bare the taxes on its bills with a separate line item for “Affordable Care Act Fees and Taxes.”…




Spot on: John H. Cochrane on how America should have, and still could, reform health care

Herman Cain wrote, “This is one of the best explanations I’ve seen of how health care should have been reformed, and still could be. Don’t just read it. Send it to every member of Congress.”






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