President Trump on Tuesday evening praised bipartisan efforts in the Senate to find compromise on stabilizing the nation’s health-care markets while calling on lawmakers to end “bailouts” for insurers. Trump told a conservative audience at the Heritage Foundation that he “commends” the work being done by Sens. Lamar Alexander (R-Tenn.) and Patty Murray (D-Wash.), as […]
Obamacare Illegally Used Cash to Pay Off Insurers
October 3, 2016 by
A new report reveals that under Obamacare, funds were illegally used by the Obama administration to pay off insurance companies. Politico reports that the nonpartisan Government Accountability Office (GAO) found the following: In 2014, the industry-funded reinsurance program was supposed to provide $10 billion to insurers and $2 billion to the federal Treasury. But when […]
Two thirds of Obamacare insurers losing money
July 21, 2016 by
A report from the Commonwealth Fund shows why so many insurance companies are abandoning the Obamacare exchanges. Simply put, they can’t make any money. Washington Free Beacon: Two-thirds of the insurers failed to turn any profits from plans they sold to individuals in 2014, although a majority of those insurers didn’t profit in the prior […]
OBAMACARE BLEEDING OUT: Insurers warn losses unsustainable…
April 16, 2016 by
Health insurance companies are amplifying their warnings about the financial sustainability of the ObamaCare marketplaces as they seek approval for premium increases next year. Insurers say they are losing money on their ObamaCare plans at a rapid rate, and some have begun to talk about dropping out of the marketplaces altogether. “Something has to give,” […]