The Patriot Post® · Cash for Insurance Clunkers

The Obama administration has filed notice in the Federal Register, laying the groundwork to bail out insurance companies who are providing exchange policies. Those companies will incur much higher costs next year because of Obama’s latest political deception encouraging insurers not to cancel tens-of-millions of additional policies, per the O'Care mandate, after January 1. Obama wants insurers to maintain those policies until after the 2014 election – a cynical move to avoid additional midterm Democrat losses, temporarily making good on his “keep your insurance plan” lies. However, healthier Americans are likely to keep their policies for another year, while exchange policy providers would be loaded up with unhealthy consumers.