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Under the Chicago Tribune's headline, Federal funds earmarked to offset Affordable Care Act insurer losses, we have this:
The Obama
administration has quietly adjusted key provisions of its signature healthcare
law to potentially make billions of additional taxpayer dollars available to
the insurance industry if companies providing coverage through the Affordable
Care Act lose money . . . . . The move
was buried in hundreds of pages of new regulations issued late last week. It
comes as part of an intensive administration effort to hold down premium
increases for next year, a top priority for the White House as the rates will
be announced ahead of this fall's congressional elections.
They
continue to argue that most insurers shouldn't need to substantially increase
premiums because safeguards in the healthcare law will protect them over the
next several years. But the
change in regulations essentially provides insurers with another backup: If
they keep rate increases modest over the next couple of years but lose money,
the administration will tap federal funds as needed to cover shortfalls.
Editor's notes: Of course the article goes on and on, but this excerpt is enough to make my point(s).
First, clearly, those who wrote the bill into law, new full well, that this piece of legislation was never going to be sustainable on its own merits. We know this, because, written into the bill are provisions for an industry wide, ObamaCare bailout. To put it differently, "We know this, because, written into the bill are provisions designed to gloss over and hide, the systemic fiscal failings of this legislation, failings that will never be 'fixed.' "
I say, "never," because the fiscal failings of Social Security and Medicare have never been addressed, and they amount to more than 60 trillion (with a "t") in unfunded liabilities.
Secondly, we now know that the writing of this bill is not complete - and may never be - after four years of being "law." The Tribune speaks of "new regulations," and, "change in regulations," and in those phrases, makes it clear that the phrase "established law," as applied to ObamaCare, is little more than laughable. Of course, we have known this, without debate, for some months, now, what with illegal postponement after postponement. But, with this latest news, we now know that the "law" is a systemic failure, if judged on the basis of sustainability and promises of debt reduction. Let's not forget that, besides the current regulatory bailouts, the bill stole $700 bill from the already-broke, Medicare program.
Third, you should know that the unmentionable fact in the Tribune's article, Obama's hometown newspaper, btw, is this: funding the insurance companies will not work against the "bottom line" of this Idiot's Bill. With the "change to regulations," the Administration can claim tout a "successful bill," because the expenditures to the insurance companies are, now, a part of the law. They will tell us, "This is the how the law was designed to work," that the "initial sign-up period" really is not over," that it will be years before the "success" of this law is finally known. That is where the Progressives are going with this moronic program. The postponements, and these "regulatory changes," prove the bill's failure.
Turns out, the Dems are no more efficient at waging war, maintaining peace, and, job creation, than they are at writing legislation.
Sadly, like the man in the scam commercial says, "But wait !!!! There is more."
One wonders, just how many election cycles will be used to cover the Progressives' failures as to the workings of this bill? Certainly 2012, 2014 and 2016 are not the end of the matter. It is a shame and a sham, that the Democrats are only waiting for this bill's failures to become accepted by the voting public
What most people do not know is this: Harry Reid canceled five scheduled Senate votes on the law, due to lack of support. Had he asked for a vote at anytime before that last vote, the bill would have been defeated (on five different occasions). And now, these same Marxist Misfits, are forced to hide the truth of this laws malfeasance, for the voters in 2012, 2014, and, to be sure, 2016.
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