On December 3, approximately 8 pm EST, Obamacare officials very quietly announced that there is still no system in place for exchange payment. In other words, everyone who thinks they have signed up and have paid to have insurance come January possibly will not.
The way the Obama administration plans to fix this is that the federal government will allow insurance providers to “estimate” what they think they’ll need for their additional insured and Uncle Sam will write them a check. If they’ve paid too much or too little, they will “settle up” later on.
Bottom line, what began as a disaster is becoming even more disastrous every day. Meanwhile, the Obamacare website is continuing to encourage people to “Apply, Shop and Buy”. Of course, you are applying using a faulty, untested website; you are shopping using a potentially hackable (and again, untested) website, giving (who?) your most personal information; and if you do manage to get to the “buy” part, the Obama administration has now admitted that this particular part of the website isn’t even built yet.
Two things to ponder:
1. This administration trashed America’s entire healthcare system on the premise that “Big Insurance” was corrupt and taking advantage of people. So now this same administration is basically going to write “Big Insurance” unquestioned, guestimated blank checks—using American federal tax dollars–with the “promise” that they’ll figure out the correct amount later on…
2. We are being asked to blindly trust the IRS (led by Kathleen Sebelius) to ensure this is all on the up-and-up.
Enough said. Watch Megyn Kelly discuss with healthcare expert AvikRoy.