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Congress's $12 billion giveaway to health insurers

Monday, December 21, 2015 14:04
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A multi-partisan activist group established to expose and resist US imperialism, corpora-terrorism, and the New World Order

Congress's $12 billion giveaway to health insurers | 15 Dec 2015 | As Congress rushes to pass an omnibus tax/spending bill for the coming year, it's concocting a special tax break for health-insurance companies. And it amounts to a back-door bailout. Until this week, insurance-company lobbyists and their allies in the White House were pushing for an outright bailout, spending taxpayer dollars to cover what insurers are losing on ObamaCare plans to persuade insurers to keep selling them…This is good news for the insurers – but only insurers. The taxpayers are still on the losing side in this crony-capitalism deal…Suspending the tax is in effect handing the industry an estimated $12 billion a year, according to the Congressional Budget Office, exceeding even what insurers would've received in a bailout.


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