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The Next Obamacare Scandal: A Taxpayer-Funded Bailout Of Insurers

Tyler Durden's picture




 

The teleprompter is still hot from all the Obama spit unleashed in his latest sincerely passionate denial that his administration knew anything, anything at all, about what is merely the latest scandal to rock the president, this time surrounding the Veterans Affairs fiasco, and already a brand new scandal is taking shape, this one Obama however will not be able to sweep as easily under the rug. The LA Times reports that 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." In other words, yet another taxpayer funded bailout.

More on this stunner from LA Times:

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.

 

Administration officials for months have denied charges by opponents that they plan a "bailout" for insurance companies providing coverage under the healthcare law.

 

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.

 

Although little noticed so far, the plan was already beginning to fuel a new round of attacks Tuesday from the healthcare law's critics.

Perhaps the reason why it took so long for the "critics" to get to the fine print is because there are already burried and preoccupied digesting all the other scandals rocking Obama which, under any other administration, would have resulted in the objective media screaming for mass terminations, if not the scalp of the president himself.

Yet somehow, with a daily orchestrated wink and a smile, so far Obama has been able to writhe his way out unscathed from virtually everything.

We doubt this time will be any different, especially if and when the latest round of executive orders come flying:

Although more than 8 million people signed up for health coverage under the law, exceeding expectations, insurance companies in several states have been eyeing significant rate increases for next year amid concerns that their new customers are older and sicker than anticipated.

 

Insurers around the country have started to file proposed 2015 premiums, just as the midterm campaigns are heating up. Obamacare, as the law is often called, remains a top campaign issue, and big premium increases in states with tightly contested races could prove politically disastrous for Democrats.

 

If rates go up dramatically, consumers may also turn away from insurance marketplaces in some states, leading to their collapse.

 

Proposed increases in a few states where insurers have already filed 2015 rates have been relatively low, with several major carriers seeking just single-digit hikes. But insurers in closely watched states, such as Florida, Pennsylvania, North Carolina and Arkansas, are still preparing their filings.

 

"It's absolutely paramount to keep premiums in check," said Len Nichols, a health economist at George Mason University who has advised officials working on the law.

How could this possibly happen: simple - socialized central-planning is always, without fail a precursor to failure:

To stabilize this new system, the law set up a complex system of funds, including one known as the Temporary Risk Corridors Program, that collect money from insurers and transfer it from companies with healthier, less expensive consumers to those with sicker, more costly consumers.

 

This system was supposed to pay for itself, as does a similar one used to shift money between drug plans in the Medicare Part D program.

 

But insurance industry officials have grown increasingly anxious about the new system's adequacy.

So who will foot the bill for insurers' shortfalls?

Pressure is most acute on insurers in states where healthy consumers were allowed to remain in old plans that are not sold on the new online marketplaces, an option Obama offered to states amid a political firestorm over plan cancellations last year. The president had promised people would be able to stick with their plans.

 

The renewal temporarily solved a political problem for the White House, but created a new one. Maintaining these old plans kept many healthy consumers out of the marketplaces, making the pool of new customers less healthy and therefore potentially more expensive for insurers, according to experts.

 

In a series of White House meetings over the last several months, Obama and other senior administration officials have sought to persuade insurance company CEOs to nonetheless hold rates in check, arguing that the marketplaces would stabilize over time. But with proposed 2015 rates beginning to come in, the administration acceded to industry demands for a clear guarantee that more money would be available to cover potential losses.

 

"In the unlikely event of a shortfall for the 2015 program year, HHS recognizes that the Affordable Care Act requires the secretary to make full payments to issuers," the regulation published Friday notes. "In that event, HHS will use other sources of funding for the risk corridor payments, subject to the availability of appropriations."

 

That language allows the administration to tap funds appropriated for other health programs to supplement payments to insurers, according to administration and industry officials.

 

Among congressional Republicans, the decision has raised concerns. "If the program costs more than it brings in, the secretary would be able to divert money intended for other programs," Republicans on the Senate Budget Committee warned.

In other words, "you" dear US taxpayer. And because once you start the bailouts you don't stop, and since this is merely the first manifestation of what happens to the economy when the true impact of the past 6 years of Obama's "executive order"-based rule emerge, prepare for many more bailouts.

The good news of course is that it will be up to you again, dear taxpayers, to pay for the physician bills of the drivers of "rolling sarcophagi" made by that other bailed out corporation, GM, whose record 30 recalls so far this year would never have become public knowledge had it not been exposed that its menegement, which was part of both the new and old GM, been actively covering up the shoddy quality of its products and the deaths of its customers, just so the company that only exists thanks to the sunk costs of even more taxpayers wouldn't incur a few extra repair costs.

And what can be nobler than paying for the healthcare of your fellow human being?

 

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Wed, 05/21/2014 - 12:56 | 4781799 Falconsixone
Falconsixone's picture

IF YOU HAVE AN OVERTHROWN GOVERNMENT?.................                                                                             

YOU DIDN'T WANT THAT GOVERNMENT!!!"

"IF YOU HAVE INSURANCE?"

"YOU DON"T HAVE INSURANCE!!!"

"YOU HAD HELP WITH THAT!!!".............

Wed, 05/21/2014 - 12:57 | 4781803 Shizzmoney
Shizzmoney's picture

Of course the legislation wasa bailout of insurers; the damn stock prices shot up 15+% when they passed the fucking bill!

Think govt run healthcare is bad?  Just wait until CORPORATE run healthcare, protected by the govt, starts to kick in.  

You'll get billed just to get a free glass of water in a hospital.

Wed, 05/21/2014 - 13:01 | 4781821 Atomizer
Atomizer's picture

You need to pass the bill to see what's in it. SCOTUS is so fucked in declaring it a legal tax. Extortion is a better term.

Wed, 05/21/2014 - 13:01 | 4781832 kchrisc
kchrisc's picture

New scandal?! LOL

People were talking about this before it was "passed."

The big insurance companies, big hospitals and pharma wrote the damn thing.

Didn't even need to "pass it to see what's in it,' as it could be smelled like a full diaper can.

 

"My guillotine offers free medical."

Wed, 05/21/2014 - 13:05 | 4781850 Colonel Klink
Colonel Klink's picture

One.Great.Big.Giant.Fraud

Wed, 05/21/2014 - 13:08 | 4781856 nonclaim
nonclaim's picture

Would be interesting to hear Pelosi about this...

Wed, 05/21/2014 - 13:10 | 4781863 Colonel Klink
Colonel Klink's picture

They'll have to prosecute before they find out what the charges are.

Wed, 05/21/2014 - 15:12 | 4782226 kchrisc
kchrisc's picture

If I wanted to hear lies and bullshit, I'd find a 5-year old. No wait, they would probably have less bullshit and fewer lies.

Wed, 05/21/2014 - 13:09 | 4781858 Jack Burton
Jack Burton's picture

The Veteran's Administration will be under continued heavy financial pressure as the second and third wave of war veterans and profession troops end up hitting the system. Millions qualify for health care for life, and yes, that will need to be funded. A friend at work who is a Gulf War Vet, has just gotten his veterans health care plan in force. My son-in-law is only 32, but he is on disability and the VA picks up all his costs for life. No matter how we feel about this or that war, or the professional military, once the guys get towards retirement age, the benefits must be funded for life.

I have read that senior military figures are worried that the future VA costs will eat up a great deal of military spending. This is a result of the large and long wars. Iraq and Afghanistan will cost the USA for decades to come. And we look to be geting ready for several new wars. Again, without funding. All the decade of war was done on a credit card, now we must service the debt. Lots of debt. Can we really afford to go to war in East Asia, Ukraine and parts of Africa?

Wed, 05/21/2014 - 18:46 | 4782990 WillyGroper
WillyGroper's picture

Had a discussion w/VN vet suffering from CLL due to Agent Orange yesterday. He blurted out, "Not enough people are dying".

He wasn't just referring to the vets. He then proceeded to food supply.

Folks here get it. There's no inflation.

Eat your MonSatan peas.

Wed, 05/21/2014 - 13:12 | 4781860 MedicalQuack
MedicalQuack's picture

You are absolutely right that this has not been given much coverage and it does get over shadowed with everything else going on.  I covered it a while back.

http://ducknetweb.blogspot.com/2014/01/obamacare-re-insurance-3-year.htm...

Oh the complexities here.  I don't think you have to worry too much about United as 1/3 of their money comes from Health IT today and 2/3 from policies.  They are in to everything with tons of subsidiaries, and we should mention LHI being the VA is in the news as that's who the VA contracts with, a sub of United to see Vets and do their disability ratings and exam before they get entered into the VA system so that company is making tons off Uncle Sam.  Furthermore I kind of ripped the White House today for their "surpise" news we read..if anyone takes the time you can go read the VA Vet message boards and there's a wealth of information they provide on the problems at the VA, nobody cares and again it'stuck on stats again with virtual world versus the real world.

http://ducknetweb.blogspot.com/2013/11/interagency-program-office-for-va... 

Remember they also have Tri-Care in the west as well which they sued DOD to get.

Nothing is really predictable as all it takes is a few screeching algorithms to come rolling through and pictures change overnight as that's what Obamacare is all about, clashing math models and screeching algorithms that have to play together...kind of just like the markets.

http://ducknetweb.blogspot.com/2013/11/insurance-business-still-clashing...

The government too took good care of the insurers you have to say.  So I guess now we can all anxiously await for the Sebelius book to come out next?  Seems every government executive is cashing in on the opportunity for us to read how badly they screwed up.  Insurers now to prepare are also out hiring record numbers of Quants to create new models as well to squeeze every penny of profit out that they can and you can see none of them are hurting much as they now have narrow networks modeled to replace pre-existting conditions for their risk models.

 

http://ducknetweb.blogspot.com/2014/04/pre-existing-conditions-with-heal...

 

 

Wed, 05/21/2014 - 13:09 | 4781862 FreeNewEnergy
FreeNewEnergy's picture

My 2 cents. Every fucking day I live in a fucking bizarro world in which I get to live in a foreclosed home (inherited) going on five years with the bank also paying the property taxes.

I keep wondering why this is so, whether I'm just the fucking luckiest son of a bitch ever or whether the banks have just thrown in the towel on me (maybe the fact that it's an estate matter is more complex?) and will just keep things as they are until I die or decide to move out. OTOH, I firmly believe that the banks know how bad the overall situation is and are just not about to spend any more money on lawyers, especially considering that they almost always lose and have ponied up $$$ Billions in fees, fines, etc.

I have to believe that the fucking USA is completely FUBAR and the banks know it, the government knows it, just about everybody knows it but they're clinging to that old reliable normalcy bias to get them through each night. When the day comes that the bank and their lawyers grow a pair of fucking testicles and actually move their foreclosure case forward (still at square one), then I will believe we are on the road to recovery. I mean, fucking aye, really, who in their fucking mind would let somebody like me live rent free in a 3BR colonial in a decent suburb AND PAY THE FUCKING PROPERTY TAXES TOO?

It's just too fucking abnormal for me to believe anything but they know the economy is dead, dead, dead and there's more, much more trouble ahead.

I mean, WTF? They're just holding off the eventual riots, mass shootings, general civil disobedience and mayhem until when? Summer? 2016? When Yellen lifts her skirt to reveal a fat, 12-inch cock?

Serenity Now. Insanity, later.

Wed, 05/21/2014 - 13:11 | 4781876 Mr. Delicious
Mr. Delicious's picture

hey if he could not only get around having to seriously answer for Benghazi, or his obvious lies, or his obvious lies about Syrian chemical attacks and massacres - and not only that have millions of faithful Dems dutifully proclaiming that there's nothing to see here...  you can muthafucking bet he can get away with this.

I love you, Ty, but you underestimate the sheer stupidity of the American people, and the substantial control the White House has over much of the news media.  Fox?  Who fucking cares - they'll be dismissed as right wing partisan racists.

I predict a Krugman article on this very topic within a short while, but only if Fox actually covers it.

I'm beginning to think Fox is controlled opp anyway.  Murdoch may or may not be a crypto - but he is as Establishment and Zio as any.

Wed, 05/21/2014 - 18:24 | 4782911 mc225
mc225's picture

"I'm beginning to think Fox is controlled opp anyway."  on the bright side, you can watch patty ann brown with the sound turned off....

Wed, 05/21/2014 - 13:17 | 4781884 CerpherJoe
CerpherJoe's picture

Get behind this, pronto ...

 

ObamaCare Taxpayer Bailout Prevention Act S. 1726 and H.R. 3541

 

http://thomas.loc.gov/cgi-bin/query/z?c113:S.1726.IS:

Wed, 05/21/2014 - 13:58 | 4782018 Comte d'herblay
Comte d'herblay's picture

The several last times I 'got behind' some common sense bill that would prevent an industry from getting bail-outs, from building sports stadiums in our city, and stopping GM from a getting a blank check I didn't get my wish.

In two cases, the vote ran 67/33 AGAINST such b.s.

So I applaud those who attempt to write these bills but in the end I know that George Carlin, my mentor, my Buddha, my Dalai Lama is the only person to listen to:

 

https://www.youtube.com/watch?v=Yi6XV8yBFoU

Wed, 05/21/2014 - 13:18 | 4781887 oklaboy
oklaboy's picture

Tyler, if you want some inside skinny, let me know. I deal in this corruptocratic sysytem all day, the RX side of it, in conjunction with the medical side. They are tryng to artifically depress this years rates before the mid terms, because if they don't, the rates will explode, and everybody will walk.. They are pushing it off till 2015, when they are really going to take off. ( 100% plus increases). AS of right now, one fact has come up, on the RX side. The "exchanges", the participants have 5X more pharmacy usage than the general population. Basically we are going to subsidize a bunch of zombies. Yep, you read it right. Folks on the ACA/Exchanges use scripts at a rate 5x the normal.

Walking dead, anyone?

 

Wed, 05/21/2014 - 16:03 | 4782379 Everybodys All ...
Everybodys All American's picture

That sounds to me like someone is scamming the system.

Wed, 05/21/2014 - 13:51 | 4781892 sondernauch
sondernauch's picture

All this huffing and puffing in the MSM about the latest scandals, impeachment, usw, is really stupid. There is no way that just revealing the fact that all of our leadership is corrupt to the core is going to change anything. We cannot vote ourselves to freedom. There is only one solution to the tyranny of our rat-faced rulers. Roll out the fricking guillotines and Xylon B cannisters and let's get this party started already.

Wed, 05/21/2014 - 15:47 | 4782111 Drifter
Drifter's picture

Anytime you're ready, no one stopping you, go get 'em, knock yourself out.

By the way, how did that 10 million American Spring march on DC go?  You know, where they stay until Zero and half of congress resign?

Wed, 05/21/2014 - 13:23 | 4781898 Quantum Nucleonics
Quantum Nucleonics's picture

Some of us have been pounding the drum on this for a couple years.  The thing to watch is that the "risk corridor", aka bailout, phases out over the next couple years.  Either there will be pressure to extend the bailout (likely), or the insurers will switch sides in the battle (unlikely).

Wed, 05/21/2014 - 13:25 | 4781905 lakecity55
lakecity55's picture

Why anyone with any sense in this country would want to put up with this POS for 1 more day I cannot imagine.

If he is not impeached and convicted soon, there will be NO "USA" in two years.

Wed, 05/21/2014 - 13:41 | 4781911 CerpherJoe
CerpherJoe's picture

Frightening Central Planning.

Here's the section that is proposed (ObamaCare Taxpayer Bailout Prevention Act S. 1726 and H.R. 3541) to be struck:

 

SEC. 1342. <<NOTE: 42 USC 18062.>> ESTABLISHMENT OF RISK CORRIDORS FOR PLANS IN INDIVIDUAL AND SMALL GROUP MARKETS. (a) In General.--The Secretary shall establish and administer a program of risk corridors for calendar years 2014, 2015, and 2016 under which a qualified health plan offered in the individual or small group market shall participate in a payment adjustment system based on the ratio of the allowable costs of the plan to the plan's aggregate premiums. Such program shall be based on the program for regional participating provider organizations under part D of title XVIII of the Social Security Act. (b) Payment Methodology.-- (1) Payments out.--The Secretary shall provide under the program established under subsection (a) that if-- <b>(A) a participating plan's allowable costs for any plan year are more than 103 percent but not more than 108 percent of the target amount, the Secretary shall pay to the plan an amount equal to 50 percent of the target amount in excess of 103 percent of the target amount; and (B) a participating plan's allowable costs for any plan year are more than 108 percent of the target amount, the Secretary shall pay to the plan an amount equal to the sum of 2.5 percent of the target amount plus 80 percent of allowable costs in excess of 108 percent of the target amount.</b> [[Page 124 STAT. 212]] (2) Payments in.--The Secretary shall provide under the program established under subsection (a) that if-- (A) a participating plan's allowable costs for any plan year are less than 97 percent but not less than 92 percent of the target amount, the plan shall pay to the Secretary an amount equal to 50 percent of the excess of 97 percent of the target amount over the allowable costs; and (B) a participating plan's allowable costs for any plan year are less than 92 percent of the target amount, the plan shall pay to the Secretary an amount equal to the sum of 2.5 percent of the target amount plus 80 percent of the excess of 92 percent of the target amount over the allowable costs. (c) Definitions.--In this section: (1) Allowable costs.-- (A) In general.--The amount of allowable costs of a plan for any year is an amount equal to the total costs (other than administrative costs) of the plan in providing benefits covered by the plan. (B) Reduction for risk adjustment and reinsurance payments.--Allowable costs shall reduced by any risk adjustment and reinsurance payments received under section 1341 and 1343. (2) Target amount.--The target amount of a plan for any year is an amount equal to the total premiums (including any premium subsidies under any governmental program), reduced by the administrative costs of the plan.
Wed, 05/21/2014 - 13:48 | 4781978 Falconsixone
Falconsixone's picture

Does that say, "We can charge whatever we want?" (any premium subsidies under any government program)

Wed, 05/21/2014 - 14:07 | 4782043 GotNuttin'todo
GotNuttin&#039;todo's picture

Pretty much.

Wed, 05/21/2014 - 13:51 | 4781994 Comte d'herblay
Comte d&#039;herblay's picture

Whatever happened to "Tell me Like I'm Five", translations???

Wed, 05/21/2014 - 13:51 | 4781995 Comte d'herblay
Comte d&#039;herblay's picture

Whatever happened to "Tell me Like I'm Five", translations???

Wed, 05/21/2014 - 14:05 | 4782036 GotNuttin'todo
GotNuttin&#039;todo's picture

What rubs salt into the wound is that we paid someone(s) to write this garbage. And it was probably a lawyer at premium rates.

Wed, 05/21/2014 - 13:28 | 4781912 CerpherJoe
CerpherJoe's picture

oops sorry double post

Wed, 05/21/2014 - 13:38 | 4781959 kurt
kurt's picture

This is not surprising. What do you expect when the healthcare insurance lawyers are writing the actual text of the entire Obama Care Program?  Why wouldn't they hoist themselves up to the "Untouchables" class of income recipients, basically, the same deal the banks are getting now; inviolate streams of oxygenated blood money from the decimated middle class.

We passed it in order to "see what's inside it" and voila' that keeps changing. So I guess even after we passed it, it can be transformed into a boondoggle of epic proportion before our very eyes. Trojan Horse, anyone?

More rats in the grainery. One day we'll go to the grainery and it will be full of rat shit instead, you know, like credit default swaps?

Is Rome being sacked, slow motion, while we watch,  America?

Wed, 05/21/2014 - 16:17 | 4782457 Everybodys All ...
Everybodys All American's picture

The entire Obamacare system is a fraud just simply do to the fact that the back end or system reimbursement was never completed. So there really is no way yet for insurance companies to match up premiums paid by patients with doctors and hospital bills for those patients. As I understand it today everything is being paid by the government and simply trusting the insurance companies best guess.

These insurance companies are creating there own demise and single payor has been Obamas goal all along.

 

Wed, 05/21/2014 - 16:25 | 4781971 Drifter
Drifter's picture

Scandals coming "fast and furious" now?

How much longer can that clown-face moron hold on to power?

And by the way, this denied care to contain costs is coming to a Zerocare near you.  And yes he knows all about it.  It's the plan.

Just like it's the plan at VA.

Wed, 05/21/2014 - 13:48 | 4781979 q99x2
q99x2's picture

Oh boy even more reasons for q99x2 to never work again.

YeeeeeeeeHaaaaaaa!

Wed, 05/21/2014 - 13:49 | 4781986 Umh
Umh's picture

Cronyism at it's best, when they make money they win and when they lose money they win anyway.

Wed, 05/21/2014 - 13:52 | 4781992 Rican
Rican's picture

I don't blame Obama because he doesn't run shit. He's a fantastic puppet, though. I'm sure he's marking the days on his calendar when he can ride off into the sunset with his Secret Service protection for life, giant pension, and multi-million dollar book / speaking deals. All funded by you and I.

Quite a pat on the head from his banker / corporate handlers.

Wed, 05/21/2014 - 14:01 | 4782023 Comte d'herblay
Comte d&#039;herblay's picture

He has to be blamed since his executive orders are becoming the law in those arenas he chooses. 

You can't simply let him off the hook.  

 

 

Wed, 05/21/2014 - 14:18 | 4782069 WTFx10
WTFx10's picture

Tell that to Bush who invaded and destroyed a sovereign country on a lie.

War crimes are for our enemy's not us.

Thu, 05/22/2014 - 12:51 | 4785248 Comte d'herblay
Comte d&#039;herblay's picture

I did tell it to Bush, stop shifting the argument to the past whichis only exacerbated by the Bamster, and not reveresed.

They are both in irons to the same group of Wall Street mafia. 

Wed, 05/21/2014 - 14:18 | 4782071 Dr. Engali
Dr. Engali's picture

Another disillusioned Obama voter who will do anything but admit he was suckered into a raw deal. Sure Zero is a tool, but he is a willing tool and should be held accountable... not excused.

Wed, 05/21/2014 - 13:51 | 4781993 Rudini
Rudini's picture

Obamacare, Romneycare, Massachussettscare, the Heritage Foundationcare - all have always been only about bailing out & subsidizing the insurance and drug industries. Is there anyone who does not know this?

Wed, 05/21/2014 - 14:01 | 4782024 _SILENCER
_SILENCER's picture

True. It's been known from very beginning that Obamacare itself is nothing but a bailout for the insurance industry.

Well, we should all stop cooperating. Thing is, most people are afraid to stop cooperating.

Wed, 05/21/2014 - 13:52 | 4781999 RichardParker
RichardParker's picture

"If the program costs more than it brings in, the secretary would be able to divert money intended for other programs,"

Wouldn't that be considered embezzlement? LOL

Wed, 05/21/2014 - 13:52 | 4782000 BeetleBailey
BeetleBailey's picture

Jesus H. Christmas Fucking CHRIST...is 2016 here yet?

FUCK OBAMA. BARRY FUCKBAMA - AND HIS (MORE IMPORTANT) BAND OF FUCKERS, COMMIES, MARXISTS, SOCIALIST DOUCHEBAGS..AND HIS DUMB ASS BLACK SUPPORTERS....(yeah...that's right..I said it.....racist? I don't think so...the fuck-knock gay bathhouse cocksucker IS fucking ARAB)  - love to see Obamaviks go red when I bring this up...the fuckin douchebags defend this prick.....

FUCK THEM!

Wed, 05/21/2014 - 15:30 | 4782280 NuYawkFrankie
NuYawkFrankie's picture

-1 for inappropriate intro

Wed, 05/21/2014 - 15:40 | 4782310 machineh
machineh's picture

2016: meet the new dictator, same as the old dictator.

Today is the only day that counts.

Wed, 05/21/2014 - 13:59 | 4782020 Catullus
Catullus's picture

The health care derivatives market gets an automatic bailout? No shit. You can write health care puts all day.

The health insurance market was always bankrupt. It's a matter of what you count or don't to see if they're losing money.

This has the potential to be an epic fraud. Like keep writing contracts , lose money, get paid. Default on the hospitals and insured. In some ways this is worse than AIG

Wed, 05/21/2014 - 14:12 | 4782028 NuYawkFrankie
NuYawkFrankie's picture

Re TAXPAYER Bailout Of "Healthcare" Insurers...

Is this ON TOP of the non-enrollment penalty???

Wed, 05/21/2014 - 14:02 | 4782029 ratpack1968
ratpack1968's picture

The psychopaths have grown bolder by stealing from us right out in the open. After all, what are you going to do about it - the NDAA sees to that.

Anything you have in the "system" belongs to the system.

Wed, 05/21/2014 - 14:07 | 4782048 the not so migh...
the not so mighty maximiza's picture

what a clusterfuck president for a clusterfucked society

Wed, 05/21/2014 - 14:13 | 4782061 CitizenPete
CitizenPete's picture

Big surprise. woohoo Plutocracy as normal.

The real humor on these posts is the ZH readers that fool themselves into thinking if the pendulum swings to the right in 2016 that all will somehow be well. The same morons who voted for McInsane-in-the-membrane and The Romnoid. If only these morons would stop pumping the American flag with both arms and wake up. For a clue, go to debtclock.us and look at Bush W's Prescription drug benefit (Part D Medicare) and see that the unfunded liabilities have already exceeded Social Security. Flame on bitches, but come up with facts to dispute that both the R and D doors lead to the same meat grinder -- if you can manage.

Wed, 05/21/2014 - 14:21 | 4782082 Tachyon5321
Tachyon5321's picture

According to the washingtonpost 30 miilion people were to sign up. So obamacare has failed because it cost twice what it should.

http://www.washingtonpost.com/blogs/wonkblog/wp/2012/11/07/obamacare-ext...

Wed, 05/21/2014 - 14:35 | 4782133 NuYawkFrankie
NuYawkFrankie's picture

"You've never had it so good..."

"Good 'n Hard" that is.

Wed, 05/21/2014 - 14:36 | 4782135 sschu
sschu's picture

It seems the VA issue is a biggy, dead vets, falsified records, a written alert to the administration in 2009.

I hope it is all really a case of gross incompetence with a little negligence tossed in.  More and more all this stuff has the stench that goes a bit deeper.  It is difficult to believe that the collapse has not be orchestrated, can you say Cloward-Piven?

Even if the right people get elected, which is a long shot, cleaning up the last 8 years will be a near impossible task.

 

sschu

Wed, 05/21/2014 - 14:53 | 4782180 deflator
deflator's picture

 The government incentivizes health insurance companies to lose money? Sounds about right...combining the very worst aspects of "free markets" and giant top down government command and control then calling it, "affordable".

Wed, 05/21/2014 - 15:30 | 4782277 NoWayJose
NoWayJose's picture

I thought the insurers were a little too quiet about Obamacare. Now we know why...

Wed, 05/21/2014 - 15:34 | 4782289 rsnoble
rsnoble's picture

Oh great $450,000 hangnail surgeries on the way.

Wed, 05/21/2014 - 15:52 | 4782343 g'kar
g&#039;kar's picture

The VA scandal: Death panel squads moving and rolling out

Wed, 05/21/2014 - 16:00 | 4782357 Playtime's Over
Playtime&#039;s Over's picture

Common folks, it's just playing out like we thought. Mid terms are D day for Dems. Quit whinning and start sharpening your knives. News like this is ALL GOOD to get some movement away from the leftist reign of terror. HEY, we've all been kicked in the teeth for 6 years. I know many here have given up, after Bush, McLame, ObamaKing, Romney "sell out", and now the long slow grind of our flesh by the Elitist. Keep the faith and go easy on the cynicism.  XOXOXO

Wed, 05/21/2014 - 16:16 | 4782453 Obamanism
Obamanism's picture

Mr Obama "Insurance Companies, You Like Your Profits, You Can Keep Your Profits. All for the price of a Tax payer Bailout"

Wed, 05/21/2014 - 17:12 | 4782506 Radical Marijuana
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"... socialized central-planning is always, without fail a precursor to failure ..."

Superficially labeling of the nature of the problem as "socialized central planning" IS a "precursor to failure."

SOCIALIZED CENTRAL PLANNING RESULTS FROM SMALL GROUPS APPLYING THE METHODS OF ORGANIZED CRIME IN ORDER TO CONTROL LARGE GROUPS. Obamacare is the most recent egregious example of the ways that the feedbacks through the funding of the political processes resulted in special interest groups dominating the legislation. Therefore, it is profoundly misleading to blame "socialized central-planning" for the PROFIT FROM DISEASE SYSTEM flourishing through the provisions of Obamacare.

There are at least two levels upon which that superficial labeling and laying of blame are themselves "precursors to failure," because they do not analyze the problems on the two deeper levels that should be done.

The first deeper level was the way that the funding of the political processes became the crucial feedback mechanisms whereby the best organized special interest groups were able to capture control over public powers, and thereby effectively privatize the real use of those powers. That kind of privatized control over the use of public powers is FANTASTICALLY SUCCESSFUL, in the short-term, for those who succeed in applying the methods of organized crime in order to control the government. It is misleading to say that any of the results of that corruption are "failures." They may well fail to achieve their publicly stated goals, and also harm the large majority of people. However, that corruption is extremely profitable for those who directly benefit for the various legalized frauds, which privatize profits, and socialize loses, in ways which enable a few people to take risks, knowing that they can keep the benefits, while they will be able to be arranged to be publicly bailed out, if their risks end up being untenable.

The second deeper level is the human ecology underlying that first level of the political economy. Human ecology operates paradoxically, primarily through murder systems which were successful on the basis of being deceitful about themselves, including surrounding themselves with controlled opposition groups which were equally deceitful. THERE WERE ALWAYS CHRONIC POLITICAL PROBLEMS INHERENT IN THE NATURE OF LIFE, WHICH HAD TO BE RESOLVED. Real human history has been about resolving those problems in the most expedient ways, operating through the maximum possible deceits and frauds.

Obamacare manifests inside of that flow of real events: medicine was inside the money system, while the money system was inside the murder system. Those things are operated by people who are the best professional liars and immaculate hypocrites, such as exemplified at present by President Obama. However, to return to my criticism of this article above, the language used to identify the problem is grossly superficial, and would therefore necessarily lead to similarly mistaken notions regarding what the realistic solutions would have to actually be.

The first level of problems were due to the nature of the established PROFIT FROM DISEASE SYSTEMS.

The second level of problems are ways that there must necessarily be some DEATH CONTROL SYSTEMS.

Those problems manifest in ways which are entangled through the hyper-complexities of how the methods of organized crime actually made the powers of governments in the first place, while the best organized gangs of criminals continue to be able to control what governments do. The REAL situation is NOT "socialized central-planning" as an abstract ideal, practiced in a rational way, to achieve overall worthwhile social goals. What exists is the runaway triumph of the application of the methods of organized crime, which made and maintained the powers of governments to operate systems of legalized lies, backed by legalized violence, through social pyramid structures which would suck the wealth up and pump it to the top of those social pyramid systems. The "health" of the social pyramid system is what Obamacare is really about. However, paradoxically, those social pyramid systems themselves are becoming like too rapidly growing parasites, or cancers, which are killing off their host.

DEEPER REALITIES are that the "socialized central-planning" actually depends upon the history of the methods of organized crime being applied to make governments, and maintain them, as systems of organized lies operating robberies. DEEPER STILL, human civilization IS, and MUST BE, controlled by its murder systems, which back up its monetary systems. The real history of those developments was based on being socially successful through deceits and frauds. Therefore, "socialized central-planning" IS "without fail a precursor to failure," because it was NEVER rationally based on the health of society as a whole over the longer term. It WAS always based on maximization of the short-term benefits for the special interest groups which could dominate the funding of the political processes, in order to control the corrupt and crazy consequences that would flow from that triumphant series of deceits and frauds.

CIVILIZATION WAS BUILT BY THE HISTORY OF SUCCESSFUL WARFARE, DONE THROUGH DECEITFUL DEATH CONTROLS.

The first level of that social situation is that programs like Obamacare are more legalized lies, backed by legalized violence, which therefore are backfiring badly in every way, except for the few that are getting more wealthy and powerful as that is happening. The second level is that there must be DEATH CONTROLS. Therefore, medicine should be understood inside of the overall parameters of human ecology. Indeed, one can say that medicine is like politics on a small scale, while politics is like medicine on a large scale. Therefore, the more the political processes end up being runaway systems of unrestrained, unbalanced organized crimes, operating through social pyramid systems, then the more the ways that medicine is practiced within that civilization are going to end up doing the same things.

This article presents the typically superficial analysis of the various reactionary revolutionaries, who do not identify the deeper problems, which then necessarily relate to the solutions, which are the ways that the death controls are being done through the maximum possible deceits.

Better "socialized central planning" would only be possible if there were rational public debates about the death control systems which must necessarily be the central features of both medicine and politics. Since it is NOT possible for there to be NO death controls, the only real issue is how are those going to be operated?

A better social medical system MUST theoretically be done inside of a better social murder system, because medicine is necessarily inside of the overall context of human ecology, which MUST have its death controls as its central feature. However, our currently established kind of civilization is based on being controlled by the best professional liars and immaculate hypocrites regarding all of those actual scientific realities, which are social facts, which are systematically denied and suppressed inside of those social systems, whose success for some depends upon the continued triumph of controls which are done deceitfully, and accounted for fraudulently. Therefore, Obamacare manifests as the runaway PROFIT FROM DISEASE SYSTEMS, which were built by paradoxical mechanisms, that drive society as a whole to become sicker.

This article above asked the question: "And what can be nobler than paying for the healthcare of your fellow human being?" The paradoxical answer to such a question is paying for the murder system, death controls, inside of the "healthcare of your fellow human beings." That MUST be the central feature of any medicine which looked at its surrounding human ecology context.  What was "nobler" was Plato's Noble Lie about the nature of social pyramid systems.

Our civilization has been so totally dominated by deceitful death controls, for so long, that the biggest bullies' bullshit language about those topics so totally dominates the public spaces, including the controlled opposition groups, that more rational public debate about that appears to be practically impossible at the present time. Obamacare is merely MORE of the PROFIT FROM DISEASE SYSTEMS, whose more realistic resolutions can not be found in superficially labeling and blaming "socialized central planning," BECAUSE SOCIALIZED CENTRAL PLANNING STARTED AS WARFARE, which are the deeper problems that Obamacare manifests.

Wed, 05/21/2014 - 21:38 | 4783447 RichardParker
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Radical M:

Would a strict interpretation of The Constituition and perhaps repeal of the 16th ammendment offer the commoners some sort of protection from organized special interest groups that profit from disease systems an death control systems?

I appreciate your thoughts.

 

 

 

 

Wed, 05/21/2014 - 23:08 | 4783677 Radical Marijuana
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RichardParker, there are lots of good ideas regarding what might theoretically make the situation better. The problem is the Catch 22 situation which already exists, that the established systems are now too corrupt to be able to implement any better solutions.

http://www.ted.com/topics/corruption

Various people routinely post links on Zero Hedge to efforts they are participating in to try to resolve the problems that the democracy is already so corrupted that it is practically dead. Lots of those ideas are theoretically good. However, there is NEVER any practical way of getting past the problem that the systems has already become extremely corrupt for more than a Century, so much so, that there is no practical way to fix the problems, in order to be able to fix the problems CLASSIC CATCH 22!

I like to try to do something, rather than nothing, and I hold on to irrational hopes, rather than have no hope at all. However, I can not imagine any politically practical ways to bootstrap ourselves up out of the extremely deep hole that we are already deeply buried in.

The profit from junk food and profit from disease systems have had deep BIOLOGICAL effects upon people's brains, such that there may not be any sufficiently good ways to help them within their remaining life time. The statistics of runaway trends of things like autism, etc.,  are very troubling. For way too many people, it is way too late to stop the damage being done. The Profit From Disease and Profit From Junk Food Systems, working together, torture to death orders of magnitude more people than the military forces ever do.

I do not think it is possible to exaggerate the degree to which our society has become too sick and insane to heal itself, rather than continue to get worse, faster ... I see no hope other than some series of prodigious political miracles, in order that some of the good theoretical solutions could be implemented, so that, then, some other good particlar policy solutions could follow after. Instead of that, one much more reasonably expects that the same old politics will continue to make everything worse, faster ... After all, the core to the Profit From Disease System is that those who operate that make the most money, to then be able to put back through corrupting the political processes, while those who are working against the frauds tend to not make enormous profits from promoting more truth.

The vicious spiral of profit from frauds being able to be reinvested in more frauds has no way for merely "truth" to stop that vicious spiral. Politicians campaign with money, that they get from special interest groups. Nobody else is giving them enough money to matter ... and so, there are no solutions to that problem which do not require presuming some bootstrap political miracles in order to be able to implement any changes.

Wed, 05/21/2014 - 16:54 | 4782593 Youri Carma
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AND WHERE’S THERE A FUNDING? http://youtu.be/EYa_fhLkg5c?t=10s

Wed, 05/21/2014 - 17:22 | 4782690 Radical Marijuana
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Yes, Youri Carma, nobody can adequately approach understanding Obamacare unless they understand that events like those on 9/11/2001, and the financial crises in 2008, were both set up as deliberate INSIDE JOBS.

 

Wed, 05/21/2014 - 17:11 | 4782655 Davos
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Enjoy your NHS!

Wed, 05/21/2014 - 17:20 | 4782681 Citizen Keynes
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TYLERz DID have this, months ago......

Years Ago.

Wed, 05/21/2014 - 17:23 | 4782702 Radical Marijuana
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This article states that the critics were drowning in too many other events to criticize to notice this particular one before. That seems quite plausible to me.

Wed, 05/21/2014 - 18:56 | 4783026 Duc888
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Yawn, baked into the cake since day one.  Hence, "we have to pass it so we can see what's in it".

 

LOL

Wed, 05/21/2014 - 19:14 | 4783086 g'kar
g&#039;kar's picture

Yep...and like with Obamaocare, they also baked a whole lot of unemployment benefits into the up and coming carbon credits energy bill they'll eventually push through.

Thu, 05/22/2014 - 13:03 | 4785284 VWAndy
VWAndy's picture

They will swipe too much. At some point they will start shaving off thier power base. Take the unions voting block as a prime example. They keep throwing folks under the bus. Unions are a big part of thier power base. These same unions are next to be pillaged. Its now a matter of deminishing returns. GM is another fine example its failing and will continue to fail. The costs to keep it rolling will grow at an amazing rate.

 Then comes the 900lb beast. Misguided faiths. You can try telling a baby not to be hungry. But no amount of anybodies bullshit will change the fact. That baby is hungry. That has allways been the cure for bullshit. Reality dont take no shit offa nobody.

 We aint that hungry yet. But we are getting closer to that point. The young are hungry now.

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