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Press Release

Aetna CEO’s Comments Are Proof ObamaCare Is Crumbling

Following comments made by Aetna CEO Mark Bertolini, who raised “serious concerns about the sustainability” of the ObamaCare exchanges, FreedomWorks CEO Adam Brandon said:

5 days ago
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Press Release

Provision Preventing the ObamaCare Bailout of Insurers Is the Silver Lining in the Omnibus

Following the release of the omnibus appropriations bill, which targets ObamaCare by prohibiting the use of taxpayer funds to bail out health insurance companies that participate on the exchanges, FreedomWorks Legislative Affairs Manager Josh Withrow commented:

12/16/2015
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Press Release

FreedomWorks to Congress: Don’t Bailout ObamaCare!

ObamaCare’s risk corridor program faces a $2.5 billion shortfall, according to the Centers for Medicare and Medicaid Services, due to insurance companies paying out a greater number of claims than anticipated. As Congress approaches the deadline to pass an omnibus bill to fund the federal government, FreedomWorks strongly urges Congress to include language to prevent the Obama administration from using any taxpayer dollars to bailout insurance companies that participate in the ObamaCare exchanges.

12/09/2015
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Blog

ObamaCare Cronies Begging for Bailouts

Advocates of government intervention in markets usually frame the debate as a binary choice: “We need government to run things so the evil corporations don’t!” It’s an effective tactic, because most people have an inherent distrust of big business, and like the idea of a less money-grubbing alternative. Most of the time, Republicans they foolishly play into the narrative, arguing that given the choice between corporate masters or government ones, we should choose the former. Unsurprisingly, few people are convinced by this, and they shouldn’t be. The whole debate is based on a false dilemma that doesn’t exist. The discussion should not be about choosing our rulers, it should be about choosing whether to be ruled in the first place. As the 19th century individualist Lysander Spooner said, “a man is no less a slave because he is allowed to choose a new master once in a term of years.”

11/25/2015
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Blog

S&P Warns That Congress May Have to Increase Insurer Bailouts

Last week, I wrote about how insurance companies are receiving only a fraction of the money they asked for to compensate them for losses under the Affordable Care Act, and how this was a consequence of structural weaknesses in the design of the law. Now, analysts from ratings firm Standard and Poor's are saying that the risk corridor fund charged with providing this money is nearly exhausted, and that congressional action will likely be required to refill it sometime next year.

11/09/2015
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Blog

ObamaCare Bailout Shortfall Reveals Huge Structural Weakness

It's always a good idea to look at the incentive structure behind any public policy. Analyzing how people are induced to behave, and the consequences of those behaviors, is a pretty good indication of whether a plan will succeed or fail. ObamaCare is too vast an example to take all at once, but new information sheds light on a particular piece of the health care law is contributing to the skyrocketing price of insurance.

11/04/2015
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Blog

Here's how ObamaCare's bailout provision leads to deceptive practices by insurance companies

The ObamaCare bailout provision is leading some health insurance companies to low-ball premiums to attract consumers during the open enrollment period, but they could be setting up enrollees for sharp cost spikes once the transitional section of the law expires after 2016.

01/23/2015
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Blog

Support the ObamaCare Taxpayer Bailout Prevention Act

As one of our millions of FreedomWorks members nationwide, I urge you to contact your representative and senators today and urge them to support the “ObamaCare Taxpayer Bailout Prevention Act.” Sponsored in the Senate by Senator Marco Rubio (R-Fla.), and in the House by Rep. Andy Harris (R-Md.), this bill would simply eliminate the section of ObamaCare that provides for taxpayer bailouts of health insurance companies.

01/22/2015
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Blog

Millennials make up only 24 percent of ObamaCare sign ups, still far below expectations

Before the initial ObamaCare open enrollment period, the Obama administration emphasized the need for millennials -- young people between the ages of 18 and 34 -- to sign up for health plans available on the exchanges. Health insurance companies need diversity in their risk pools to offset costs, because older and sicker people tend to utilize their coverage more often than the young and healthy.

12/31/2014
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Blog

ObamaCare Is Bailing Out Insurance Companies - On Your Dime

ObamaCare is costing insurance companies money. The solution? A bailout, obviously.

07/29/2014

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