How many of you said, “what insurer bailout?” Gotta read it to know what’s in it…more money to hemorrhage out of our pockets…
Via IBD:
The public overwhelmingly opposes any ObamaCare bailout of the insurance industry, the latest IBD/TIPP Poll found, even as the Obama administration is paving the way to do just that.
The survey found that 65% oppose a federal bailout of insurance companies that find their profits hit because not enough young, healthy people sign up for ObamaCare plans.
Opposition is widespread, the poll of 907 adults found, with 51% of Democrats, 71% of Republicans and 76% of independents against it. It’s opposed by every age and demographic group as well.
Although few people knew about it until recently, the health law contains a three-year “risk corridor program” designed to bail out insurers if costs were higher than anticipated from too few young people enrolled.