Special Reports & Tweets - 20131111_SpecialReport-2_Alex
Aired: 2013-11-11
Duration: 02:06


=== Obamacare's Financial Backstop (02:05) ===

[00:00:00]  I'm Gigi Ornetta with Tyranny Watch on the InfoWars Nightly News.
[00:00:04]  Well, over the last few days, three 20-year-olds built a website much like healthcare.gov.
[00:00:09]  You can actually log on to it and find out how much health insurance will cost you.
[00:00:14]  On the website, you'll see that the insurance purchaser can decide if they want to buy.
[00:00:17]  And if they do, the information on how Don't worry, if Obamacare collapses, guess who pays for it?
[00:00:26]  Last week on the Incidental Economist blog, Adriana McIntyre explained a provision buried in the health care law called the Risk Corridor.
[00:00:35]  It's one of Obamacare's three R's, along with Reinsurance and Risk Adjustment, that are intended to protect insurers.
[00:00:41]  Especially in Obamacare's first three years.
[00:00:43]  Risk adjustment and reinsurance both require profitable health plans to share risk with unprofitable ones.
[00:00:50]  In the event of a widespread failure, taxpayers potentially face a multi-billion dollar bailout of health insurers.
[00:00:56]  And Kathleen Sebelius is in the hot seat again.
[00:00:59]  On Wednesday, they start the hearings, in which she's going to continue testifying, and two scandals may actually come up.
[00:01:05]  The first one is Enroll America.
[00:01:08]  You may have heard of it.
[00:01:09]  First, federal law prohibits governmental regulators, such as HHS, from soliciting funds from entities that they regulate.
[00:01:16]  Sebelius claims she did not solicit from these HHS-regulated groups, but admits to contacting them and talking to them about Enroll America.
[00:01:26]  And for scandal number two, you may have heard the name Anthony Welters.
[00:01:29]  He's a huge Obama donor and a regular at the White House.
[00:01:33]  He's also the executive vice president of a company named UnitedHealth Group.
[00:01:38]  He's already made millions from Obamacare because UnitedHealth Group owns QSSI, a software company responsible for a large portion of Healthcare.gov.
[00:01:46]  There's also something called an anti-kickback law, which Sebelius seems to think that Welters is immune to.
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[00:01:58]  Kathleen Sebelius will be answering questions about these scandals and other things this week as she continues to explain her management of Obamacare.