Tuesday, December 03, 2013
Yup: Follow the Money
Told ya' so!!
...To reduce this risk, the administration said it could provide financial assistance to certain insurers through a program under which the government will share in their losses and profits for the next three years.
Any such assistance would come on top of federal subsidies that the government plans to pay insurers to make coverage more affordable for low- and middle-income people under the new law. The Congressional Budget Office estimates that those subsidy payments will exceed $1 trillion over the next 10 years.--NYTimes
The "risk" is the losses expected now that Obozo did his 180 on cancelling existing plans.
Back on 11/16 (see first link) I told you that Obozo offered a payoff to the insurers. That was an easy call for Obozo: it's not his money, of course.
It's your grandchildren's.