Rubio Threatens ObamaCare Bailouts – Health Insurers Freak Out

photo courtesy of Gaebler.comHave you wondered why the big health insurance companies have not put up a fight against the federal government takeover of their industry?  By outward appearance it would seem that Obama, Reid and Pelosi are hell-bent on putting the health insurance guys out of business.  Shouldn’t they be screaming bloody murder?

The ObamaCare concept is, at best, a house of cards.  I contend it is a predictable “train wreck,” certain to happen.  It is based on the premise that healthy young people will suddenly trip over themselves running to buy insurance plans that they don’t want, don’t need, don’t understand, and can’t afford, in order to subsidize coverage for the sick and elderly.  The further assumption is that fear of a tiny tax penalty some time in the distant future will scare the youngsters into compliance today – kids who, if they report taxes at all, just hand their W2s to H&R Block once a year, and then turn right back to their Facebook pages.

Early indications are that the young are staying away from ObamaCare in droves.  Many older citizens who had individual insurance have lost or dropped their policies.  Most transactions on the ObamaCare exchanges are actually signups for free Medicaid, not affordable insurance.  And since it didn’t occur to the ObamaCare planners to release hospitals from the requirement to provide emergency care to anybody who shows up at the door, guess what?  The “poor” are still going to the ER, largely because they don’t know any better.

The demographic assumptions that established the viability of ObamaCare have already been blown to smithereens.

It would appear ObamaCare is pushing the insurance companies (and self-insured employers) toward financial armageddon.  They are now loaded with mandates and reporting requirements, forced to assume high-risk clients and pre-existing conditions, faced with the loss of profitable group insurance policies and struggling to react to minute-by-minute rule changes well after the game started.  Why haven’t the insurance guys complained?

Now we know.  The whole thing was a setup.

ObamaCare stackThe CBO had already projected that the federal government will pass $1 trillion of taxpayer funds through to the insurance companies.  But Wait!  Now we learn that buried deep in the 20,000+ pages of the ObamaCare regulations are two little gems that the administration didn’t want to see the light of day:  Section 1341, the “reinsurance fund” and Section 1342, the “risk-corridor provision”.

The reinsurance fund provides the insurance companies a stop-loss at $45,000 on big claims.  80% of any claims above that amount are covered by (you guessed it) the taxpayers.  The risk-corridor provision even further insulates the insurance companies from losses (up to 80%) due to changes in the demographics of ObamaCare enrollees (see above).

Thanks to Charles Krauthamer and Senator Marco Rubio these boondoggles have been revealed (don’t wait for an expose’ on MSNBC) and a push to repeal the provisions is gathering steam.

Krauthamer:  First order of business for the returning Congress: The No Bailout for Insurance Companies Act of 2014.  Make it one line long: “Sections 1341 and 1342 of the Affordable Care Act are hereby repealed.”  End of bill. End of bailout. End of story.

Not surprisingly, the health insurance executives are freaking out.

Tom Balek – Rockin’ On the Right Side

Rockin' On the Right Side

All that pressure got you down
Has your head been spinning all around?
Ah, freak out!  (Le freak, c’est chic)
Freak out!  (Le freak, c’est chic)
Freak out!

Le Freak – Chic – 1977

The gals are still lookin’ mighty freakin’ good in this 2004 Chic concert footage:

The Political Winds Are Changing


“SENATORS CHALLENGE KERRY’S SYRIA CLAIMS – (McClatchy Washington Bureau) – Senators from both parties pressed President Barack Obama’s top Cabinet offices Tuesday to provide guarantees that no U.S. troops would be sent to Syria . . . ”   We can’t afford any more lame attempts at nation-building or world-policing.  Let’s build some infrastructure here instead of in the Middle East for a change.

“NC HOUSE VOTES TO OVERRIDE 2 VETOES BY MCCRORY – Charlotte Observer – The (NC) state House on Tuesday took little more than half an hour to override the governor’s vetoes of two bills, on immigration and drug-testing welfare recipients . . . The votes marked the first split between Republican lawmakers, who control the General Assembly with a veto-proof majority, and the new governor of the same party.”  Isn’t it refreshing that Republicans are beginning to self-police?  Those whose main interest is re-election must be replaced or overruled by elected officials who stand on conservative principles.

“CITY’S STREETCAR MISSES GRANT, SUFFERS SETBACK – Charlotte Observer – “. . . the city would use $63 million in reserve funds and also apply for a $63 million federal TIGER grant.”  These federal grants are so out of control – why should taxpayers in Billings pay for a boondoggle streetcar project in Charlotte?  Or vice-versa?  Grant money does not grow on trees – it comes out of family budgets.

Last weekend I attended the “Saving the American Dream Summit” in Orlando, where two potential Republican contenders for the 2016 presidential race learned that the Republican “base” has turned resolutely to the right.  Sen. Marco Rubio was met with a strident chorus of “No Amnesty!” calls throughout his speech, and the large crowd erupted into applause when Gov. Rick Scott was admonished to “Stop Common Core”.

I sense a definite turn in the political winds, as lately we see incumbent liberals deflecting scandals and questions about their motives, and squishy Republicans facing a recharged constituency that demands adherence to true conservative principles.

Tom Balek – Rockin’ On the Right Side

Rockin' On the Right Side The wind of change
Blows straight into the face of time
Like a storm wind that will ring
The freedom bell for peace of mind

The Wind of Change – the Scorpions


Right OnLine – Let’s Get This Party Started!

ROL2013This weekend I am headed to Orlando for the big conservative media event of the year, the RightOnline bloggers and social media conference and the ‘Defending the American Dream Summit‘.

AmericanDreamSummit2013Last year Americans for Prosperity made it possible for me to attend RightOnLine, and I came home energized and motivated to get involved.  It was the genesis of Rockin’ On the Right Side.  Over the course of the year, I learned a lot, worked on my writing and persuasion skills, connected with many great patriots, and most importantly won a few converts over to the Right Side.  It has been great fun and I consider it important work, as I am truly motivated to help stop our nation’s headlong rush toward a bleak future for our kids and grandkids.

At this year’s conference I will get to meet many of my new conservative friends and some of the brightest stars in media and politics, like Michelle Malkin, Ted Cruz, Greg Gutfeld, Rick Perry, and Marco Rubio.   A rich slate of technical, political, and journalism training sessions are also on tap.

RightOnline and Defending the American Dream is an enriching and exhilarating event.  Let’s Get This Party Started!

Tom Balek – Rockin’ On the Right Side

Rockin' On the Right Side

I’m comin’ up so you better get this party started!
I’m comin’ up so you better get this party started!
Get this party started on a Saturday night,
Everybody’s waitin’ for me to arrive.
Sendin’ out the message to all of my friends,
We’ll be lookin’ flashy in my Mercedes-Benz.

Get the Party Started – P!nk