On Your World, Rep. Michele Bachmann (R-MN) fear mongered that tax payers will wind up having to bail out health insurers thanks to ObamaCare. But why fact check? Just because Bachmann has a miserable record of promoting falsehoods? Apparently, that’s no reason to doubt a Republican her on “we report, you decide” Fox News.
This is a total bailout for the insurance companies. It’s heads, insurance companies win; tails, insurance companies win, and who loses, Neil? It’s your Fox viewers. It’s not only the taxpayers, it’s the people who pay the health insurance premiums.
…Who in their right mind would stand for a bailout for the insurance companies? …What the American people don’t want is to have bailout fever, which is essentially to infinity and beyond. We will never see an end to bailout because really what this is it’s a hidden admission by the Obama administration in the health care bill, they knew this was never going to work.
…The Obama administration took out the fundamental feature of insurance industry, which is costing out risk. Now there’s no cost on risk because we will all bear the risk, not the insurance companies. It is mandated profit for insurance companies to the detriment of the little guy. …Let the system fail.
In reality, the funds provided for any so-called “bailout,” known as “reinsurance,” are funded by insurance companies, not taxpayers.
Instead of fact checking, Cavuto “asked” if maybe this was all part of a plan to foist single payer insurance on the public. Bachmann, of course, thought so.