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User Name Thread Name Subject Posted
Songwronger BS: Will Obama Bail Out Insuance Companies? (24) RE: BS: Will Obama Bail Out Insuance Companies? 08 Jan 14

Coffman's legislation, the No Bailouts for Insurance Industry Act of 2014, would amend the Affordable Care Act to repeal Section 1341, the "reinsurance" fund, and Section 1342, the "risk corridor" provision. Together, both could provide for a massive taxpayer bailout to cover the losses of a large insurance company.

That's from the Daily Kos, a liberal rag. The conservative rags are pushing a story about Republican senator Rubio backing the same kind of legislation. I wonder how Obama overlooked that bailout provision? Must be because he's inexperienced. He's only had six years in the job now.

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