Add to that, the fact that the insurers HAVE to take sick people, without penalizing them financially, or limiting their coverage - well, only someone with no understanding of how business works could possibly think that would work.
But, WAIT! Obama has a plan - it's one that he has used before - the Judgement Fund. That's a fund that was intended to pay LEGITIMATE claims, so the companies/persons don't have to sue the government to get them to pay what is legally owed them.
Obama's payoff is NOT what was intended. In fact, it was specifically prohibited by act of Congress (I sent this to my Congressman - feel free to copy and paste, and send it to yours - don't know the name? Go to www.house.gov, and enter your zip in the upper right hand corner box; you will be taken to links to your congressman/woman's page, where you can use a handy email form to register your thinking):
I was reading about this today, and want you to tell Paul Ryan to initiate a lawsuit to stop Obama from using the Judgement to cover ACA losses to insurers.
As you know, the House voted specifically to prevent him using government funds for an insurance bailout. This use of the Judgement Fund would illegally undermine the intent of Congress, and should be met with action in the Courts, which is something that Ryan can do.
According to a link on Betsy's Page,
"Section 2(f)(2)(C) of the rules package adopted by the House of Representatives on the first day of the 114th Congress last January provided that “the authorities provided by House Resolution 676 of the 113th Congress remain in full force and effect in the 114th Congress.” That resolution, which led to the filing of the House v. Burwell case regarding Obamacare’s cost-sharing subsidies, gave the House speaker authorization to initiate or intervene in one or more civil actions on behalf of the House . . . regarding the failure of the President, the head of any department or agency, or any other officer or employee of the executive branch, to act in a manner consistent with that official’s duties under the Constitution and the laws of the United States with respect to implementation of any provision of [Obamacare]."
Ryan already has the power to stop Obama's endrun around the law - you need to tell him to use it.
I will be circulating the content of this email on my blog, and linking to every social media site and blog that I can. Many of your colleagues may hear from their constituents as a result.PLEASE, contact your rep, and let's stop this payoff to insurers. They went along with the ACA legislation, let them face the losses.