Obama Stealing To Keep His Signature Program Afloat – IOTW Report

Obama Stealing To Keep His Signature Program Afloat

Health insurers are awash in red ink, thanks to Obamacare, and most are looking to abandon ship.

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The President is keeping them on board by funneling billions of dollars he’s not allowed to access to cover their loses.

He’s raiding the

Treasury for the reinsurance fee money that is suppose to only be used to “fund a reinsurance program.”

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More about the reinsurance fee Here

17 Comments on Obama Stealing To Keep His Signature Program Afloat

  1. The greedy insurance companies that are involved in this deserve to go bankrupt.
    They thought they had the government forcing every citizen at gunpoint to buy their product so they would have an unlimited gravy train.

  2. In 2009, it was only important to the Democrats that they get some form of ObamaCare in place. Once some sort of legislation was passed, then the Democrats could revamp the system without having to argue with sensible people about whether or not it was a good idea in the first place.

    But two things happened. First, the Democrats, who had big enough majorities in the House and Senate to pass whatever they wanted, could not find any Republicans to vote for this mess and provide them with political cover. Second, the Democratic party misjudged the willingness of the public to accept ObamaCare, and they got hammered at the polls in 2010, 2012 and 2014. Although the Repubicans were unwilling to repeal ObamaCare, the Democrats are both unable and unwilling to propose reforms and changes to the ACA that they knew in 2009 would be necessary. Seven years after passage, Democrats still know that ObamaCare is a toxic issue.

    So we are left with a narcissist who has no legacy other than ObamaCare, and it is failing. Obama’s foreign policy has been a dangerous joke, his economic policy has resulted in a non-recovery recovery, his contribution to the immigration issue has been to willingly refuse to enforce the law, and the first black President in our history has succeeded in making race relations worse. His “signature” accompishment, and the one which will be forever known by his name, cannot be fixed because his Democrat allies in Congress are gone, so he is reduced to cooking the books to avoid the appearance of complete failure.

  3. Must be some shit he worked out with BcConnell and Boehner. And I don’t see Eddie Munster acting like the new sheriff in town. In fact, they all seem to be perfectly fine with this in Congress, which ostensibly controls the money. It’s why I have little faith in the their SCOTUS stand.

  4. Pelopidas
    February 25, 2016 at 7:25 pm

    He may want to pull a Nixon so POTUS Biden can give him a pardon because I’m hazy on the rules but I don’t think you can pardon yourself.

    Follow rules?!!

    Ha! That’s a good one. Damn. You almost had me there.

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