Posted in Affordable Care Act (ObamaCare), Bailouts, Crony Capitalism, Government Regulations, Health Insurance, Insurance subsidies, Medical Costs, News From Washington, DC & Related Shenanigans, Policy Issues, Risk Corridors, Uncategorized

Forbes: The White House Is Bribing Health Insurance Companies – by Tim Phillips, president of Americans for Prosperity

Hidden in the midst of a 436 page regulatory update, and written in pure bureaucratese, the Department of Health and Human Services asked that insurance companies limit the looming premium increases for 2015 health plans. But don’t worry, HHS hinted: we’ll bail you out on the taxpayer’s dime if you lose money.

No wonder there wasn’t a press release. The White House is playing politics with Americans’ health care—and they’re bribing health insurance companies to play along.

The administration’s intention is clear: Salvage the 2014 midterm elections. Typically, insurance companies release their premium rates between summer and early fall—i.e., right before voters cast their ballots in November. If premiums skyrocket—which looks increasingly likely—then voters won’t look too kindly on Senators and Representatives who voted for Obamacare and created this problem.

http://www.forbes.com/sites/theapothecary/2014/07/14/the-white-house-is-bribing-health-insurance-companies/?utm_source=followingweekly&utm_medium=email&utm_campaign=20140721

Author:

A primary care physician by training, my passion is researching and writing about the importance restoring patient centered care, supporting independent private physicians, promoting free-market solutions and seeking sustainable fiscal policy in healthcare.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s