u-bam-a care Means Higher Government Spending
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There is a provision in the president’s signature legislation that provides reinsurance subsidies to insurance companies if they lose a certain amount in profits because their pool of policyholders is too heavily weighted toward the more-costly unhealthy or elderly people.
Translation: If too many old and sick people sign up for Obamacare, American taxpayers will have to reimburse the insurance companies for lost profits.
In fact, it’s been reported that in order to offset the cost of these older, sicker patients, the percentage of younger, healthier enrollees needs to be at least 38%. While the Obama administration has not been transparent in sharing enrollment stats so far, we do have data from one of the “successful” state exchanges in Kentucky … and it’s not good.
Only 19% of Obamacare enrollees in Kentucky are between the ages of 18 to 34, about half the percentage needed for the program to stand on its own. And those figures come from a state exchange that has not been saddled with the website woes of Healthcare.gov.
Unless a miracle happens and the young and healthy start flocking to Obamacare in droves, insurance companies will be legally entitled to a taxpayer bailout.
Another hidden trap/fault in u-bam-a care is the federal government spending more on health care. Increased spending leads to increased taxes and/or reductions in other programs.
Remember, government is always wasteful; less health care for more money.
Wake up people and learn the lessons of history.
The facts no one wants to read.
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