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EPIC FAIL: Obamacare Insurers Suing Administration To Get Taxpayer Bailout

Insurers helped cheerlead the creation of Obamacare, now they are suing to receive a taxpayer bailout because Obamacare is failing.

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8 years ago

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Obamacare Insurers Are Looking for a Taxpayer Bailout

EDITOR’S NOTE: Obama touted his Healthcare Reform bill as the greatest thing for the American people since FDR’s New Deal. So won’t the American people be just a tad surprised when it’s finally revealed the tens of billions of dollars secretly paid in “subsidies” to all the major insurance companies to create this scam and keep it floating. Now the insurers, after getting all those subsidies, are SUING the Obama administration to get taxpayer funded bailouts. That’s real change, America, total transformation.

Insurers helped cheerlead the creation of Obamacare, with plenty of encouragement – and pressure – from Democrats and the Obama administration. As long as the Affordable Care Act included an individual mandate that forced Americans to buy its product, insurers offered political cover for the government takeover of the individual-plan marketplaces. With the prospect of tens of millions of new customers forced into the market for comprehensive health-insurance plans, whether they needed that coverage or not, underwriters saw potential for a massive windfall of profits.

Six years later, those dreams have failed to materialize. Now some insurers want taxpayers to provide them the profits to which they feel entitled — not through superior products and services, but through lawsuits.

Earlier this month, Blue Cross Blue Shield of North Carolina joined a growing list of insurers suing the Department of Health and Human Services for more subsidies from the risk-corridor program. Congress set up the program to indemnify insurers who took losses in the first three years of Obamacare with funds generated from taxes on “excess profits” from some insurers. The point of the program was to allow insurers to use the first few years to grasp the utilization cycle and to scale premiums accordingly.

As with most of the ACA’s plans, this soon went awry. Utilization rates went off the charts, in large part because younger and healthier consumers balked at buying comprehensive coverage with deductibles so high as to guarantee that they would see no benefit from them. The predicted large windfall from “excess profit” taxes never materialized, but the losses requiring indemnification went far beyond expectations.

In response, HHS started shifting funds appropriated by Congress to the risk-corridor program, which would have resulted in an almost-unlimited bailout of the insurers. Senator Marco Rubio led a fight in Congress to bar use of any appropriated funds for risk-corridor subsidies, which the White House was forced to accept as part of a budget deal. As a result, HHS can only divvy up the revenues from taxes received through the ACA, and that leaves insurers holding the bag.

They now are suing HHS to recoup the promised subsidies, but HHS has its hands tied, and courts are highly unlikely to have authority to force Congress to appropriate more funds. In fact, the Centers for Medicare and Medicaid Services formally responded by telling insurers that they have no requirement to offer payment until the fall of 2017, at the end of the risk-corridor program.

That response highlights the existential issue for both insurers and Obamacare. The volatility and risk was supposed to have receded by now. After three full years of utilization and risk-pool management, ACA advocates insisted that the markets would stabilize, and premiums would come under control. Instead, premiums look set for another round of big hikes for the fourth year of the program.

Consumers seeking to comply with the individual mandate will see premiums increase on some plans from large insurers by as much as 30 percent in Oregon, 32 percent in New Mexico, 38 percent in Pennsylvania, and 65 percent in Georgia.

Thus far, insurers still claim to have confidence in the ACA model – at least, those who have not pulled out of their markets altogether. However, massive annual premium increases four years into the program demonstrate the instability and unpredictability of the Obamacare model, and a new study from Mercatus explains why.

The claims costs for qualified health plans (QHPs) within the Obamacare markets far outstripped those from non-QHP individual plan customers grandfathered on their existing plans – by 93 percent. They also outstripped costs in group QHP plans by 24 percent. In order to break even without reinsurance subsidies (separate from the risk-corridor indemnification funds), premiums would need to have been 31 percent higher on average for individual QHPs.

The main problem was that younger and healthier people opted out of the markets, skewing the risk pools toward consumers with much higher utilization rates – as Obamacare opponents predicted all along. With another round of sky-high premium increases coming, that problem will only get worse, the study predicts.

“Higher premiums will further reduce the attractiveness of individual QHPs to younger and healthier enrollees, resulting in a market that will appeal primarily to lower-income individuals who receive large subsidies and to people with expensive health conditions,” it concludes. “To avoid such an outcome, it is increasingly likely that the individual insurance market changes made by the ACA will have to be revised or reversed.”

Galen Institute senior fellow Doug Badger, one of the study’s co-authors, wonders how long insurers will continue to publicly support Obamacare. In an interview with me this week, Badger noted how critical that political cover is for the White House, but predicted it won’t last – because the system itself is unsustainable, and no one knows this more than the insurers themselves, even if they remain reluctant to voice that conclusion. Until they speak up, however, the Obama administration can keep up their happy talk while insurers quietly exit these markets, an act that should be speaking volumes all on its own.

Even the Kaiser Foundation, which has supported Obamacare, has admitted that the flood of red ink has become a major issue. “I don’t know if we’re at a point where it’s completely worrisome,” spokesperson Cynthia Cox told NPR, “but I think it does raise some red flags in pointing out that insurance companies need to be able to make a profit or at least cover their costs.”

Red flags have flown all over the Obamacare model for six years. Instead of suing the federal government for losses created by a system for which they bear more than a little responsibility, insurers should finally admit out loud that the ACA is anything but affordable – not for insurers, and certainly not for consumers or taxpayers. When that finally happens, we can then start working on a viable solution based on reality rather than fealty to a failed central-planning policy.  source

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Barack Hussein Obama

New Netflix Movie ‘Leave The World Behind’ Produced By Barack Obama Released As Chinese Cyber Army Hacks Into US Power Grid And Utilities, Coincidence?

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1 year ago

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December 12, 2023

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‘Leave the World Behind’ is a 2023 American apocalyptic psychological thriller film executive produced by Barack and Michelle Obama for Netflix

For starters, we have covered for many years, the money-path that the Barack and Michelle Obama have taken after their first two terms in the White House. One leg of that path led straight to Netflix where, for a cool $50,000,000.00, they were invited to produce movies supporting their Leftist Agenda. Predictably, their first effort ‘American Factory’ was awarded the Oscar with seemingly no effort at all. It was a ‘Christmas Miracle!’. So let’s talk about their latest release, an end times apocalyptic thriller, (yes you heard right), called ‘Leave The World Behind’.

“And they brought forth the images out of the house of Baal, and burned them.” 2 Kings 10:26 (KJB)

The first thing I’d like to direct your attention to is the movie poster itself, proudly featuring the names of the 4 stars who act in it, is the fascinating little acrostic it contains. We have gone ahead and highlighted what we found in red, and you will see it forms the word ‘Baal’. That’s not a review, that’s the marketing, so you can see the position we start this from. But honestly, did you expect anything different from Barack and Michelle Obama? I certainly did not.

As far the movie itself goes, I gave up my Netflix subscription when they started showing movies promoting kiddie porn, pro-abortion and such like so I had to rely on various sources like social media and a plot synopsis. The least troubling part of the ‘Leave The World Behind‘ is the overt racism it promotes where the main characters are reinforcing the troupe that blacks cannot trust whites. Democrats have nothing if they stop peddling racism, and it is peddled quite well here.

THE MAIN THEME: “After a prolonged stand-off, Danny decides to help Archie in exchange for money and directs them to a nearby underground bunker prepared for doomsday. G.H. confesses to Clay that he knows what’s happening – he says that a political coup d’état is afoot, which is why the people in positions of power are letting a civil war take root by disrupting technology and feeding chaos. Amanda and Ruth see New York City being bombed, and Rose has walked into the neighboring home and found the bunker, where an Emergency Alert System interceptor reveals that the U.S. is at war with rogue armed forces with the suggestion of radiological weapons being involved.” Basically, it’s a story about the end of the world written by lost people without the Bible. But you get the idea.

Translated it reads like this. Barack and Michelle have produced an end times movie showing the United States government turning against the people, and using the military to bomb them into submission. Hmm, sounds like someone has been roaming in the corridors of Now The End Begins. We’ve been warning of things like that for 15 years now. I’m sure it’s just a ‘coincidence’, but ‘Leave The World Behind’ comes out just as reports of the Chinese Cyber Army hacking the US power grid are revealed. I’m sure that’s just a crazy coincidence. Now back to your bunker.

Chinese Cyber Army Hacks US Power Grid As Obama Netflix Movie ‘Leave The World Behind’ Is Released

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

Please continue to pray for us, and for wisdom for me especially, as we continue taking steps to print the NTEB branded King James Bible for our free Bible and Bibles Behind Bars program. It is exciting and intimidating at the same time. If the Lord has prospered your financially, we ask you to donate to help us continue to send out free Bibles at this level, and even higher than we are at the moment. It takes a lot of prayer, and a lot of resources to do all this. Praise the Lord we are doing it, all of us together, labouring in the Lord’s harvest field. TO THE FIGHT!!!

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Barack Hussein Obama

Barack Obama Parses His Words Very Carefully As He Calls For An ‘End To The Occupation’ And An Implementation Of The Two State Solution

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1 year ago

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November 4, 2023

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Former President Barack Obama called the Israel-Hamas conflict a ‘moral reckoning for all of us’ at an event hosted by his foundation Friday, says ‘occupation must end’.

Last time I checked, Israel was not occupying anyone. They are in their land, given to them by God, as the Bible clearly points out in Genesis. But there is indeed an ‘occupation’ of Gaza and the Palestinians, only it’s Hamas who is doing the occupying. But as Obama was throwing around phrases like ‘end the occupation’, he never mentions who is referring to, and that’s quite intentional. He needs to keep things ‘open ended’ so as not to cause his donors to flee, without alienating his Jewish staff members.

“In the same day the LORD made a covenant with Abram, saying, Unto thy seed have I given this land, from the river of Egypt unto the great river, the river Euphrates: The Kenites, and the Kenizzites, and the Kadmonites, And the Hittites, and the Perizzites, and the Rephaims, And the Amorites, and the Canaanites, and the Girgashites, and the Jebusites.” Genesis 15:18-21 (KJV)

For those of you who are not geographical scholars, here is the original land grant God gave to Abraham in bullet points:

  • The upper-right portion of Egypt
  • All of modern-day Israel
  • All of Lebanon
  • All of of Syria
  • A piece of Turkey
  • Half of Iraq
  • The northern half of Jordan
  • A little slice of Saudi Arabia

Now I understand that in this dispensation of the Church Age, that is something that will never be realized. Israel is actually preparing to go into the time of Jacob’s trouble which includes the 3.5 year time of the great Tribulation. But there is a Day coming where, in that day, all the land that I just told you belongs to Israel will be given back to them by the LORD Himself. In the meantime, Israel is a ‘deadly piece of dirt’ that grows deadlier with each passing day. One day, people like Barack Obama will bow down before the Jewish King of Kings, and confess that Jesus Christ is LORD to the glory of God the Father. And there will be no more the Canaanite in the house of the LORD. That’s a fact, and that’s Bible. Go look it up.

Obama calls for end of ‘occupation,’ security for Israel, state for Palestinians

FROM FOX NEWS: Obama spoke at the Obama Foundation’s Democracy Forum on Thursday, where he called for a two-state solution and an end to the “occupation,” while not clarifying what occupation he meant.

“All of this is taking place against the backdrop of decades of failure to achieve a durable peace for both Israelis and Palestinians,” the former president told the forum audience.

Obama continued, “One that is based on genuine security for Israel, a recognition of its right to exist, and a peace that is based on an end of the occupation and the creation of a viable state and self-determination for the Palestinian people.”

Palestinian governing authority Hamas launched a terrorist attack against Israel on October 7 that killed over 1,400 Israeli citizens. Since then, more than 9,000 people have been killed in Gaza as Israeli Defense Forces continue their ground incursion of the region, the Gaza Health Ministry claims. The death toll is expected to rise once buildings are cleared and rubble is taken away.

“Now, I will admit, it is impossible to be dispassionate in the face of this carnage,” Obama said Thursday. “It is hard to feel hopeful. The images of families mourning, of bodies being pulled from rubble, force a moral reckoning on all of us.”

“We’ve had to sort through our anguish, our outrage, our fears and our differences on the issues,” he said. “I had a conversation with a group of you around this issue, and you were passionate and pushed me around some of the public statements I’d made.”

“And the issue is not a wish for different outcomes – an end to the killing, peaceful coexistence between two sovereign and free peoples – but rather different assessments of the path that we need to take in order to get there,” former president Obama continued.

The United States does not officially support a cease-fire, as President Biden has repeatedly affirmed Israel’s right to self-defense against Hamas. Biden has recently shifted his tone, amid pressure from progressive groups and world leaders, to express support for a humanitarian “pause.”

Israeli Prime Minister Benjamin Netanyahu has said that a pause in Israel’s ground invasion would give time for Hamas to reorganize or plan other attacks. READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

Please continue to pray for us, and for wisdom for me especially, as we continue taking steps to print the NTEB branded King James Bible for our free Bible and Bibles Behind Bars program. It is exciting and intimidating at the same time. If the Lord has prospered your financially, we ask you to donate to help us continue to send out free Bibles at this level, and even higher than we are at the moment. It takes a lot of prayer, and a lot of resources to do all this. Praise the Lord we are doing it, all of us together, labouring in the Lord’s harvest field. TO THE FIGHT!!!

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Barack Hussein Obama

Barack Obama Writes An Open Letter To America’s Librarians Defending & Supporting The LGBTQIA+ Child Grooming Books Sparking Outrage

Published

1 year ago

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July 18, 2023

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Former President Obama on Monday praised the nation’s librarians for standing on the front lines as book bans on LGBTQIA+ graphic porn publications designed to groom and recruit children spread around the nation.

One of the most-pressing and vital issues of our day is putting a stop to the ever-increasing grooming, recruiting and sexualization of our children that goes on 5 days at within the confines of the public school and public library systems across America. Some of the books that are right now available in public libraries and aimed at kids are so filthy that, when read aloud by an irate parent at a school board meeting, they are told to stop reading those passages because they are too graphic. Yesterday, Barack Obama wrote a letter in favor of allowing those books to remain in the libraries, is anyone surprised?

“If I say, I will speak thus; behold, I should offend against the generation of thy children.” Psalm 73:15 (KJB)

One of the tricks employed by the Left and the leftist media is to conflate the LGBTQIA+ agenda with racism, to make it seem like they are one, and the queers with their grooming and recruiting policies draft in behind the legitimate concerns of people of color. Barack Obama does this multiple times in his open letter to the librarians across the country, but to no avail. We will not fall for that nor allow that to be a talking point. The LGBTQIA+ are attempting to force their books displaying graphic depictions and (GRAPHIC LINK WARNING) images of queer sexual activity into the libraries, and we need to push back against this for as long as it takes to defeat it. Some things absolutely should be censored, and books showing (GRAPHIC LINK WARNING) gay oral anal sex to kids in the 3rd grade is one of them. Maybe you recently watched ‘Sound of Freedom’ and got motivated to do something to stop child sex trafficking, and that’s great. Start by going to your local Public Library, and the library in your kid’s schools, and demand the removal of these filthy queer porn books aimed at grooming your kids.

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Obama gives shoutout to librarians while blasting queer sex books for children censorship

FROM THE HILL: In a letter to the “hardworking librarians of America,” Obama denounced recent attempts to ban books that touch on topics like gender, sexuality and race. He said many of these books and their authors shaped his life.

“Writers like Mark Twain and Toni Morrison, Walt Whitman and James Baldwin taught me something essential about our country’s character. Reading about people whose lives were very different from mine showed me how to step into someone else’s shoes. And the simple act of writing helped me develop my own identity — all of which would prove vital as a citizen, as a community organizer, and as president,” Obama said.

“Today, some of the books that shaped my life — and the lives of so many others — are being challenged by people who disagree with certain ideas or perspectives,” he added.

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During the 2021-2022 school year, more than 1,600 books were banned from school libraries, affecting 138 school districts in 32 states, according to a report from PEN America. Over the last two years, at least 19 states have passed legislation that would incarcerate librarians for providing “harmful” books to minors, according to The Washington Post.

Americans owe librarians a “debt of gratitude” for continuing to provide access to these stories, Obama said.

“In a very real sense, you’re on the front lines — fighting every day to make the widest possible range of viewpoints, opinions, and ideas available to everyone,” Obama said. “Your dedication and professional expertise allow us to freely read and consider information and ideas, and decide for ourselves which ones we agree with.”

Obama’s statement comes as he has joined libraries around the country on TikTok to promote access to books. Though his home state of Illinois is leading the fight to outlaw book bans in public libraries, other states are seeing librarians targeted. In Texas, for instance, police have been called to schools and public libraries at least five times for books that contain “illegal content,” according to the Houston Chronicle.

But illegal content ranges from books covering the life of Ruby Bridges, the first Black child to attend a white-only school, to writings by the nation’s first youth poet laureate, Amanda Gorman.

In his letter, the 44th president said it’s “no coincidence” that many banned books are written by people of color, indigenous people and members of the LGBTQ community.

“I believe such an approach is profoundly misguided, and contrary to what has made this country great,” Obama said.  READ MORE

Watch 11-Year Old Christian Girl Rebuke School Board Grooming Agenda

School Board Meeting: Mother Reads Graphic Book From School And Gets Shut Down For Being ‘Obscene’

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

Please continue to pray for us, and for wisdom for me especially, as we continue taking steps to print the NTEB branded King James Bible for our free Bible and Bibles Behind Bars program. It is exciting and intimidating at the same time. If the Lord has prospered your financially, we ask you to donate to help us continue to send out free Bibles at this level, and even higher than we are at the moment. It takes a lot of prayer, and a lot of resources to do all this. Praise the Lord we are doing it, all of us together, labouring in the Lord’s harvest field. TO THE FIGHT!!!

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORT…TO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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