Obama Pledging Even More Money To Bail Out Insurance Companies

I’m sure most of you have heard about how the Obama administration is planning to bail out Obamacare insurers that lose money. Well, now they’re pledging to make even more money available in an effort to keep the insurers from raising premiums in an election year. So they’re using tax dollars to hide the true cost of this debacle.

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.

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. (Read More)

Administration officials promise that they aren’t putting the taxpayers at risk with this three year program. I’m sure you believe them, because they would never lie to us, would they?

Oh, and isn’t it funny how it’s a three year program, which should tide them over until after the next presidential election? Funny how they worked that out.