Robert Laszewski—a prominent consultant to health insurance companies—recently wrote in a remarkably candid blog post that, while Obamacare is almost certain to cause insurance costs to skyrocket even higher than it already has, “insurers won’t be losing a lot of sleep over it.” How can this be? Because insurance companies won’t bear the cost of their own losses—at least not more than about a quarter of them. The other three-quarters will be borne by American taxpayers.Those American taxpayers have plenty of money I guess... Oh wait!
Monday, January 13, 2014
The Big Bailout Bonanza
Everyone not living under a rock knew this was coming.