Last month, I forecast that one way or another U.S. residents would end up paying for the failures of the Affordable Care Act, also known as ObamaCare.
Now we have the proof that it is already coming to pass. Thursday the Washington Post revealed what’s going on:
On the face of it, you might think the government is going to pay. But remember the government really doesn’t have any money at all — it is your money. All government money is there by virtue of the taxes imposed on businesses and people. Basically, the failures of Obama’s signature healthcare law is going to be paid for by you, the U.S. taxpayer.
It gets worse. This move is yet another bailout for big business, just like the banking bailout of 2009. The cash will go to health insurance companies. That’s something that won’t sit well with many Democrats or Republicans. After all, why should the citizenry pay for the mistakes of businesses?
The reported plans by the administration to pay out billions of dollars is also seen by some politicians as an end run around Congress . So already bitter partisan politics is highly likely to intensify in Washington D.C.
http://www.forbes.com/sites/simonconstable/2016/09/30/told-ya-youre-going-to-pay-for-obamacares-failures/#5d8e0b2e538c
Now we have the proof that it is already coming to pass. Thursday the Washington Post revealed what’s going on:
The Obama administration is maneuvering to pay health insurers billions of dollars the government owes under the Affordable Care Act, through a move that could circumvent Congress and help shore up the president’s signature legislative achievement before he leaves office.The story says the cash would likely come from “an obscure Treasury Department fund.”
On the face of it, you might think the government is going to pay. But remember the government really doesn’t have any money at all — it is your money. All government money is there by virtue of the taxes imposed on businesses and people. Basically, the failures of Obama’s signature healthcare law is going to be paid for by you, the U.S. taxpayer.
It gets worse. This move is yet another bailout for big business, just like the banking bailout of 2009. The cash will go to health insurance companies. That’s something that won’t sit well with many Democrats or Republicans. After all, why should the citizenry pay for the mistakes of businesses?
The reported plans by the administration to pay out billions of dollars is also seen by some politicians as an end run around Congress . So already bitter partisan politics is highly likely to intensify in Washington D.C.
http://www.forbes.com/sites/simonconstable/2016/09/30/told-ya-youre-going-to-pay-for-obamacares-failures/#5d8e0b2e538c
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