THE UNDERLYING THEME OF OBAMASCARE WAS TO BENEFIT THE INSURANCE COMPANIES AND NEVER FOR THE PEOPLE BUT LET THE PEOPLE PAY THROUGH THE NOSE AS ORCHESTRATED BY THE BIGGEST CORRUPT RUN ADMINISTRATION HEADED BY THE DEMOCRATS AND THE POTUS BHO–AS WE NOW ARE LEARNING NO THANKS TO MADAME NANCY PELOSI (D-CA) AND THE DYNAMIC DUO HARRY REID (D-NV)–THE TAXPAYERS ARE ON THE HOOK INTO PAYING FOR 75% OF HEALTH COST WHILST THE INSURANCE PAYS ONLY 25% OF HOSPITALIZATION PATIENT COST–ALL THANKS TO THE POTUS LEFTIST AGENDA DRIVE FOR UNIVERSAL HEALTH CARE AKA OBAMASCARE–THE LEFTIST ARE LAUGHING IT ALL UP AS THE IGNORANT SHEEP GRAZE TO ITS DEATHLY PASTURE

Robert Laszewski—a prominent consultant to health insurance companies—recently wrote in a remarkably candid blog post that, while Obamacare is almost certain to cause insurance costs to skyrocket even higher than it already has, “insurers won’t be losing a lot of sleep over it.”  How can this be?  Because insurance companies won’t bear the cost of their own losses—at least not more than about a quarter of them.  The other three-quarters will be borne by American taxpayers. graze

For some reason, President Obama hasn’t talked about this particular feature of his signature legislation.  Indeed, it’s bad enough that Obamacare is projected by the Congressional Budget Office to funnel $1,071,000,000,000.00 (that’s $1.071 trillion) over the next decade (2014 to 2023) from American taxpayers, through Washington, to health insurance companies.  It’s even worse that Obamacare is trying to coerce Americans into buying those same insurers’ product (although there are escape routes).  It’s almost unbelievable that it will also subsidize those same insurers’ losses. 

But that’s exactly what it will do—unless Republicans take action.  As Laszewski explains, Obamacare contains a “Reinsurance Program that caps big claim costs for insurers (individual plans only).”  He writes that “in 2014, 80% of individual costs between $45,000 and $250,000 are paid by the government [read: by taxpayers], for example.” 

In other words, insurance purchased through Obamacare’s government-run exchanges isn’t even full-fledged private insurance; rather, it’s a sort of private-public hybrid.  Private insurance companies pay for costs below $45,000, then taxpayers generously pick up the tab—a tab that their president hasn’t ever bothered to tell them he has opened up on their behalf—for four-fifths of the next $200,000-plus worth of costs.  In this way, and so many others, Obamacare takes a major step toward the government monopoly over American medicine (“single payer”) that liberals drool about in their sleep.

http://www.weeklystandard.com/blogs/bailing-out-health-insurers-and-helping-obamacare_774167.html