Conservatives vindicated by Obamacare's mounting failures

During the healthcare debate of 2009 and 2010, conservatives screamed a simple fact from the rooftops: Obamacare will not work. No one wanted to listen then, but their warnings are now coming into fruition.


Obamacare, as constructed, attempted to fix a dysfunctional health care payment system by creating an even more complicated system on top of it, filled with subsidies, coverage mandates, and other artificial government incentives. But its result has been a system that plucked Americans out of coverage they like and forced them to pay more for less.


Now the insurers are beginning to realize that in spite of all the subsidies and mandates working in their favor, and despite all of the cost-cutting they have had to do at the expense of consumers, they just can't make money in this system.


In a Tuesday conference call with investors, the CEO of America's largest insurer announced that his company would be hastening its pullout from the ..., and will remain in just a handful of state marketplaces. UnitedHealth lost an estimated $425 million last year on its Obamacare marketplace activity, and it's decided that enough is enough.

read more:

http://www.washingtonexaminer.com/conservatives-vindicated-by-obama...

Views: 300

Reply to This

Replies to This Discussion

Get government OFF our backs and tie it down with constitutional chains.

Obamacare wasn't supposed to work. It was designed to destroy the best healthcare system in the World. It was designed to create the public angst needed to drive a single payer system. It was designed to punish the American people for having better than the rest of the World.

You got that right.

Standard libTARD fare, it MUST be a mental aberration to be a democrap!

Now watch as they hit taxpayers with BAIL-OUTS GALORE!!! Some of you actually VOTED for this leftist agenda, how do you like it NOW???

LAST LAUGH IS STILL ON US.  After April 18th now they will be funded from tax fines from those who can't afford insurance to keep doing whatever they want.  And we know that isn't making sure everyone can afford and get healthcare.

The way around that is to claim zero on your W-2 form. The only enforcement vehicle they have is forced deduction from your income tax return. The law prohibits the filing of a lien against you from the IRS.
I suspect they did it this way to punish low income workers by stealing their tax refunds. Many people other understate dependents to drive a larger refund check and then make plans against it. The public outcry then drives future legislation for a single payer system.
Beware of the effort to eliminate the use of cash. Digital currency gives government control over everything. Speak out and you get deleted. Unable to but or sell .... Where have I read that before.

Wake up people

I'm self employed though.

What law prohibits the IRS from filing a lien? Do you know, Tom? Please share info if you have it.

Though largely ignored by a media obsessed with a contentious election cycle, Obamacare's demise is a developing and legitimate news story.

UHC was one of several insurers reporting huge losses as early as 2014.  Despite the administration's wildly exaggerated claims to the contrary, enrollment has been stagnant, often falling below Congressional Budget Office projections.  Other problems include those enrolling simply to dodge the "penalty" and never paying a dime in premiums.  

The industry's biggest challenge is an uncharacteristically gutsy move by Congressional Republicans last December which virtually dismantled the so-called Risk Corridor, the baked-in provision for compensating losses to insurers, or, tax-payer bailouts.  But shed no tears for them.  Even more corrupt than the law itself was the community of drooling corporate maggots slopping away at the public trough, happy to sacrifice scruples for for tax-levied profits. Even a business college dropout could have predicted then that Obamacare would never work. 

Buried in the Obamacare legislation (affordable care act) it details how the IT'S can enforce the penalties. They are limited to deducting the penalty from income tax refunds only. They are prohibited from adding the penalty to your taxes owed balance

problem is though, few are willing to sacrifice (just say NO, do without HC insurance) or simply make the deduction changes necessary to not have a return coming (0% loan to fed/gov) to deduct the penalty from.

Tom Gallagher-- That's a good point.  Restrictions against garnishments helps consumer mores than the underwriting community.  Insurers are crying poverty over last year's average compensations of 12 to 13-cents on the dollar.   

RSS

LIGHTER SIDE

 

Political Cartoons by Jerry Holbert

Political Cartoons by Michael RamirezPolitical Cartoons by AF Branco

ALERT ALERT

1 Billion Dollar Net Worth!!! Oberlin College Claims Poverty To Avoid Paying Punitive Damages To Gibson’s Bakery

Although IRS reports show the university is worth around $1 billion, Oberlin College still claimed poverty to avoid paying punitive damages to Gibson’s Bakery.

As Breitbart News reported this week, the far-left Oberlin College lost a defamation case filed by Gibson’s Bakery after a local jury found the university liable for falsely accusing the family bakery of racism.

The jury ordered Oberlin on Friday to pay Gibson’s $11.2 million in compensatory damages for defamation and intentional interference with a business.

Legal Insurrection reported on Thursday that “the jury awarded a total of $33 million in punitive damages, which will probably be reduced by the court to $22 million because of the state law cap at twice compensatory.”

Legal Insurrection has been following the case for two years — since the beginning — and reports that the school’s only defense against a sizable punitive award is to pretend it is poor, despite holding assets that amount to a billion — with a “b” — dollars and despite paying some of its staffers more than a half-million dollars a year:

Oberlin College was so hellbent on getting the message out that their cash liquidity was in such dire straits — as the eight-person jury was figuring out if they wish to add $22.4 million to the school’s legal verdict bill — that they brought out the school’s president, Carmen Twillie Ambar to the stand to tell that part the story.

“We’ve created deficits … and over the next ten years, if this continues, that is unsustainable and we will not exist,” Ambar told the jury. She even indicated the school’s grants — about $60 million a year from the school, and lots of students get those scholarships as only 10% of them pay the full $70,000 a year — were important to preserve as “the accessibility of education” was a key component of the school’s purpose.

However…

The college has more than $1 billion in funds and net assets according to the latest IRS 990 form, an endowment fund that had grown from $440 million to $887 million in the last 20 years, and because of its non-profit status, pays no taxes on any property it owns.

It also had 18 members of their administration making more than $100,00 a year. The president and chief financial officer of the school were both making more than $500,000 a year.

Grifters gonna grift…

The day after Donald Trump won the presidency, this nutball school apparently decided to take out its impotent woke-rage on this poor bakery, which has been part of the Oberlin community for more than a century.

It all started when three Oberlin students (who would later plead guilty in a plea deal) attempted to steal bottles of wine.

The proprietors caught the students and, while attempting to hold them until police arrived, were allegedly roughed up by the shoplifters. But because the students are black and the proprietors white — and with no respect for due process or facts — Oberlin staffers and students decided some vigilantism was in order and did everything in their considerable power to destroy this local bakery forever, to smite it off the map.

Classes were canceled so hundreds of students could protest in front of the small store while enjoying free food and drink, courtesy of the school. School staffers handed out fliers that basically described the family-owned bakery as the local branch of the KKK.

As a result, the bakery had to lay off almost all of its employees and barely avoided bankruptcy.

In the end, the three shoplifters said race had nothing to do with what happened.

For those of you interested in incurring $200,000 in debt before you even enter the workforce, it looks as though you can major in Mob Justice at Oberlin.

SPECIAL VIDEOS

© 2019   Created by Steve - Ning Creator.   Powered by

Badges  |  Report an Issue  |  Terms of Service