I have decided to share a little WIKI post I just did for my Political Science class. I hope you can forgive my somewhat impish use of irony.
Obamacare and an unwelcome lovechild
Of all the interest groups involved with the Obamacare disaster, none deserves more scrutiny that the health insurance industry itself. I find it particularly ironic that Obama’s illicit relationship whith this group has yielded a lovechild that I must (in spite of my staunch pro-life stance) say should probably have been aborted. It is a hidden, but key provision of the law that provides the insurance companies with a guaranteed bailout (of unspecified or blank check proportions) if the cost they incur in providing the policies the law requires eats into their profit margins too much. I don’t think Obama’s left wing allies will be too happy when they meet the progeny of their heroic leader and the health insurance lobby. I have included a link to a Yahoo.com article by Eric Pianin that provides a brief introduction to this little problem that thousands of pages of legislation could not hide for long. Please read it and try to find a reason why Obama would risk the wrath of the left to get cozy with the Health Insurance lobby.
Pianin, Eric. “Insurers Could Get Multi-Millions in Obamacare Bailout” The Fiscal Times
p.s. Pianin is probably slightly underestimating the cost of this little mistake.
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