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HHS "loaned" over $2 billion to non profit insurance startups.
24 of them got "loans" to cover startup costs and have reserves to meet state insurance requirements.
11 of them spent more in startup costs than HHS loaned them and now have no reserves and can't move forward.
1 got denied by the state and HHS dropped them.
HHS was told in May 2012 that this loan program wasn't feasible.
HHS didn't respond and went forward anyway.
Now Congress is asking HHS to account for the loans, repayment schedule, and how they plan to recoup taxpayer money from the failed startup.
So, did Cathleen Sebelius just add $7 billion to the HHS budget? I know this is the era of Obama, where the "billion" is the new "million," so from her viewpoint it's only $7 million, but that plan just absorbed the entire Obama tax increase on the rich.
These Obama clowns have proven they are clueless and incompetent. All they every see is what they want to see, and what they want to see is that big government solutions and more bureaucratic control is the answer to everything. So anywhere that their research finds cost reductions means less government and more private sector, they will reject it.
HHS "loaned" over $2 billion to non profit insurance startups.
24 of them got "loans" to cover startup costs and have reserves to meet state insurance requirements.
11 of them spent more in startup costs than HHS loaned them and now have no reserves and can't move forward.
1 got denied by the state and HHS dropped them.
HHS was told in May 2012 that this loan program wasn't feasible.
HHS didn't respond and went forward anyway.
Now Congress is asking HHS to account for the loans, repayment schedule, and how they plan to recoup taxpayer money from the failed startup.
Harry Reid was saying that the American people think the Congress and Senate are broken and he agrees. Yeah, dingus, they are broken. The PEOPLE IN THEM are what's broken, not the system itself. That means we need to fix the problem by cleaning house and ridding ourselves of them. The Justice Department and HSA are broken, too. The White House is more broken than anything.
We need mass resignations or better yet mass recalls and impeachments.
CNN has a new article about the same thing many have been posting about, the high deductibles and coinsurance and out-of-pocket expenses of Obamapolicies.
This will build and build, especially after January 1 when real people start getting real large bills for actual medical care....they believed would be "affordable."
Sheila Jackson Lee: Insurance cancellation notices are lies
Quote:
“The cancellation notice was not the truth,” she said. “It should have been: ’We intend to or expect to modify your insurance.’”
Cancellations, she explained, is what happens “when you don’t pay your premium, or something has happened in the bad old days.” But, she added, that's not what's happening with the notices that have been sent to millions of Americans.
“A cancellation notice was the inappropriate document to send without notice,” she added. “All they had to do is (say) that, ‘This is a notice to say that we’re going to improve your insurance, not, in essence, eliminate your insurance.’”
According to the NRO, Jackson Lee said she wrote an amendment before Obama's announcement forcing insurance companies to “tell the truth,” apparently unaware that insurance companies are some of the most heavily regulated in the country.
Instead of sending out cancellation notices as the law required, Jackson Lee said companies should have told consumers things are getting better.
One person called Jackson Lee a "Cancellation Truther" in a tweet posted at Twitchy.
Christine Rousselle educated Jackson Lee in a post at Townhall:
Really, Rep. Lee? Really? How else could you possibly describe a letter from an insurance company that blatantly states that their plan will no longer be offered due to Obamacare? It is, in the literal sense of the word, a cancellation letter.
What did Clint say? Obamacare is the largest hoax ever perpetuated on the American people?
What did they think would happen? It's as if they thought this would all be ok because Obama's Dear Leader? Million and millions of people are very very pissed off.
Last edited by Crossfire600; 11-21-2013 at 02:58 PM..
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Time Magazine weighs in
