Brace Yourself: The Obamacare Bailouts are Here

Red Millennial

Insurance-executives-iffy-about-possible-fixes-to-canceled-policies President Obama meets with health insurance executives to discuss Obamacare.

Obamacare has been a train of failed promises. More than six million Americans saw their insurance policy canceled, and millions more will follow once the employer mandate takes effect. Obamacare has increased premiums by an average of 49 percent in 3,137 of America’s 3,144 counties, and costs are projected to continue to rise.  The cost of the law is projected to be $2.6 trillion over the next ten years and, judging by the CBO’s past estimates, that number will probably increase.

Meanwhile, many have been warning of the inevitable insurance company bailouts as a result of a failing Obamacare health care law. Now, it appears that bailout is becoming a reality, without Congressional approval, to the tune of $1 trillion over the next ten years.

CEOs of various insurance companies met with White House officials last October. E-mails show that the executives…

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