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ObamaCare is the Biggest Insurance Scam in History

NobamaCareBarack Obama’s Affordable Care Act is turning into the biggest insurance scam in American history. ObamaCare was supposed to insure the uninsurable and those that could not afford insurance.

Instead, we are now seeing an unfolding disaster across America. The insurance companies who were supposed to benefit with increasing levels of customers helped to write the law. What a conflict of interest.

They have also influenced the writing of the regulations. As a further insult to the American taxpayers, they have received waivers exempting them from provisions in the law.

And if a sufficient number of young and healthy Americans don’t choose to take part in this scam, the insurance companies will have the benefit of a government bailout. Remember, they wrote the law and the subsequent rules.

Vast amounts of money are being sucked out of the bank accounts of ordinary Americans and into those of the insurance companies. In return, the insured are getting less for more. They have less in the way of plans to choose from, less doctors to choose from and less hospitals. People will die because Obama lied.

Instead, they will get more expensive plans with higher premium and astronomical out of pocket expenses. Senator Marco Rubio (R-FL) recently spoke about one of his constituents who had a $12,000 deductible. In Rubio’s words: “He has no insurance.”

Why would anyone pay $500 to $1,000 a month with a deductible that ranges from $6,000 to $12,000 to simply say that they’re insured. The only parties that benefit from this scam are the government and the insurance companies.

The government sees ObamaCare as a means of controlling Americans. The insurance carriers have a simpler goal: unending profits.

Meanwhile, the media is focusing only on the website and its seemingly never-ending problems. Meanwhile, the pockets of every taxpayer in America is being picked by skilled professional: the bureaucrats and the their accomplices, the insurance executives.

The fact is that this was so unnecessary. Wouldn’t it have been far easier to enroll those who could not afford regular insurance on Medicaid? Of course, instead of pillaging hundreds of millions from Medicaid we could have insured that doctors and hospitals were paid a fair sum for their services.

The major gripe that health care providers have with Medicaid are the low reimbursement rates and the huge volume of paperwork that HHS requires. Instead of spending hundreds of billions on a non-functioning website that money could have been used to improve Medicaid.

Barack Obama’s command and control system is fated to fail. In fact, it’s failing now with low enrollments, the majority of whom are major consumers of services.

By the time we put paid to this disaster the American taxpayers may be on the hook for a trillion dollars or more. But Barack Obama will be out of office and earning megabucks with speeches and books.

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Name: Richard Billies

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