Health insurers are awash in red ink, thanks to Obamacare, and most are looking to abandon ship.
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.”
More about the reinsurance fee Here
So what else do you expect from a disingenuous piece of shit?
The sooner Obama Clown gets out of office, the sooner we can start healing our nation. A pox be upon him.
I say we take off and Nuke DC from orbit, just to be sure.
a little matter of fraud & racketeering in there too ..
Well if he can’t get the money there maybe he should just try the Social Security Lockbox. There is always plenty of extra money in that.
BFH could you please put a countdown timer to when we are rid of this POSPOTUS?
I would like to watch it like a TV
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.
Losses
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.
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.
@Wyatt – although the Republicans did repeal 0bamacare this term. Now let’s see whether they will repeal it when they know it will be signed by the president.
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.
Wyatt, dead center analysis.
I hope he grows old knowing what a dismal failure he was because it becomes common knowledge taught in all the schools.
I’m sure Paul Ryan and Mitch McConnell will use their Republican majority status and put an end to his malfeasance
If he runs out of money there he can always hit the citizens’ 401K accounts.
All of the funds Zero has stolen should come out of his post-presidential pension and security detail. If it was all added up, I bet he’d not get another dime and his only defense would be that big wookie he hangs around with.
Follow rules?!!
Ha! That’s a good one. Damn. You almost had me there.
Trouble with Glenn’s ‘toon is the ship is named “America.”
Don’t say my avatar didn’t warn you. 👿 🙁