Monday, February 03, 2014

Who is Reimbursing the Insurance Companies for ObamaCare Losses? You Are.

Moody's rating agency has lowered the outlook for health insurers fromstable to negative, blaming ObamaCare.

Few Americans will shed tears for insurance companies. But the Moody's announcement is a warning sign to taxpayers. They'll be getting clobbered.

Section 1342 of the Affordable Care Act forces taxpayers to make insurers whole for most of the losses incurred selling ObamaCare exchange plans through 2016. The bailout is designed to conceal the failure of the president's signature health law until he is out of office…

Ah, how freely government bureaucrats spend other people's money.

Read the rest of “A Few More Reasons To Repeal ObamaCare” by former lieutenant governor of New York, Betsy McCaughey. It’s here at Investor's Business Daily.