AgenteNews Insurance Producer's Online Resource
Investors.com, May 21, 2014
Bailouts: Last Friday, the Obama administration quietly expanded an insurance industry bailout program that it publicly insisted never existed. In exchange, Obama wants a big political favor from insurers.
Last week, the administration promised insurers it would use “other sources of funding” to protect their profits “in the unlikely event” that ObamaCare costs more than expected.
The language was buried in a 435-page regulatory filing that only the industry would normally care about. But it caught the eye of the Washington Examiner’s Philip Klein on Friday.
