How Much is the BAILOUT of the Health Insurance Industry Going to Cost Taxpayers?

How Much is the BAILOUT of the Health Insurance Industry Going to Cost Taxpayers?

As we all know, the health insurance companies are guaranteed a profit for the first three years of ObamaCare.

The people signing up are those with pre-existing conditions and those whose income is so low that they are being put into Medicaid which costs tax payers money.  The young and healthy, who are necessary to pay for the care of older sicker people, are not signing up.  That means huge losses and a huge payout for taxpayers...AGAIN.

Meanwhile, the rollout has spelled total chaos for individuals and businesses as President Barack Hussein Obama changes the law seemingly daily.

The CBO estimates the average marketplace subsidy per subsidized enrollee will be $5,290 in 2014.

• Most young people and low-income Americans can get free or very low cost quality health insurance through the marketplace.

• You can only get cost assistance from the Health Insurance Marketplace!

• The average American will pay between 3% - 9.5% of their income on insurance after cost assistance.

• Insurance costing 8% of your income is considered affordable insurance for individuals. 9.5% is considered affordable for job based insurance.


I don't think anyone really knows and would bet the numbers above will prove inadequate.

How much subsidy to big banks who are too large to fail, and how much ag subsidy to the 1%. When you answer that drain on taxpayers, I will think you really give a damn about conservative fiscal policies, but we already know you are neither conservative or give a damn. Medicare for all will be revenue neutral with increased contributions, and a new source of revenue either being a flat national sales tax about 3% or a transactional tax on wall street trades. A little bit of revenue and a whole bunch of efficiency and cost control, and we get to the promised land......medicare for all.

2seaoat wrote:How much subsidy to big banks who are too large to fail, and how much ag subsidy to the 1%.   When you answer that drain on taxpayers, I will think you really give a damn about conservative fiscal policies, but we already know you are neither conservative or give a damn.   Medicare for all will be revenue neutral with increased contributions, and a new source of revenue either being a flat national sales tax about 3% or a transactional tax on wall street trades.   A little bit of revenue and a whole bunch of efficiency and cost control, and we get to the promised land......medicare for all.

The traditional answer for everything from 2seaoat.  MORE TAXES for Washington to waste!

Where will this money come from?  Please don't say the "RICH", they don't have anywhere NEAR this much money.

This is today, actually a few months ago.  Without anyone being added.  How are those unicorns doing where you live?

Current Debt . . . $17.2 TRILLION (No budget approved for 2013)

Unfunded Liabilities (money we have PROMISED, do not have, nor do we have it coming in)

Social Security. . . . $16.6 TRILLION (10,000 Baby Boomers RETIRE EVERY DAY)  (How many workers are entering the job market daily?)

Prescription Drugs .$22.0 TRILLION

Medicare. . . . . . . . $87.5 TRILLION
Total Unfunded Liabilities $126.2 TRILLION! 
Number of Households in 2010 = 112,611,029


Unfunded Liability Per Taxpayer  $1,101,203.00


http://www.usdebtclock.org/index.html

PLUS ObamaCare and Untold TRILLIONS more in TAXES