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Obamacare's Financial Backstop
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| I'm Gigi Ornetta with Tyranny Watch on the InfoWars Nightly News. | |
| Well, over the last few days, three 20-year-olds built a website much like healthcare.gov. | |
| You can actually log on to it and find out how much health insurance will cost you. | |
| On the website, you'll see that the insurance purchaser can decide if they want to buy. | |
| And if they do, the information on how Don't worry, if Obamacare collapses, guess who pays for it? | |
| Last week on the Incidental Economist blog, Adriana McIntyre explained a provision buried in the health care law called the Risk Corridor. | |
| It's one of Obamacare's three R's, along with Reinsurance and Risk Adjustment, that are intended to protect insurers. | |
| Especially in Obamacare's first three years. | |
| Risk adjustment and reinsurance both require profitable health plans to share risk with unprofitable ones. | |
| In the event of a widespread failure, taxpayers potentially face a multi-billion dollar bailout of health insurers. | |
| And Kathleen Sebelius is in the hot seat again. | |
| On Wednesday, they start the hearings, in which she's going to continue testifying, and two scandals may actually come up. | |
| The first one is Enroll America. | |
| You may have heard of it. | |
| First, federal law prohibits governmental regulators, such as HHS, from soliciting funds from entities that they regulate. | |
| Sebelius claims she did not solicit from these HHS-regulated groups, but admits to contacting them and talking to them about Enroll America. | |
| And for scandal number two, you may have heard the name Anthony Welters. | |
| He's a huge Obama donor and a regular at the White House. | |
| He's also the executive vice president of a company named UnitedHealth Group. | |
| He's already made millions from Obamacare because UnitedHealth Group owns QSSI, a software company responsible for a large portion of Healthcare.gov. | |
| There's also something called an anti-kickback law, which Sebelius seems to think that Welters is immune to. | |
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| Kathleen Sebelius will be answering questions about these scandals and other things this week as she continues to explain her management of Obamacare. | |