Confirmed: Obama Administration to REIMBURSE Insurance Companies Up to 80% on O-Care Losses (Video)

Monday, January 13, 2014
By Paul Martin

by Jim Hoft
Thegatewaypundit.com
Monday, January 13, 2014

Stuffed inside the Obamacare law passed by Democrats (with no Republican votes) is a provision that will reimburse insurance companies up to 80% of their losses due to Obamacare.
Melissa Francis reported the provision on FOX News:

“Marco Rubio has been out highlighting the fact that there is this ‘risk corridor’ where written into this law that nobody read is this idea that is insurance companies have 3% higher costs than they estimated as a result of who’s in these pools, they can recoup 50% of that money from the government, from you and me. 8% higher than what they estimated, they can recoup 80%!… This bailout of the insurance companies is the next big thing we’ll all be talking about.”

And, here we thought Democrats hated insurance companies.

The Rest…HERE

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