News / Brèves Obama Impeachment / Destitution d’Obama Back to previous selection / Retour à la sélection précédente Obama’s Bail-out/Bail-in of Wall St. Insurance 6 November 2013 (LPAC)—If you liked TARP, and then the QE 1, 2, 3, and 4 bail-outs, and then Dodd-Frank’s Title II bail-in of the banks, you are going to love what Obamacare will do for the Wall Street sub-division known as the major U.S. health insurance companies. The Oct. 31 Forbes magazine runs an article by Avik Roy which documents that the Obama administration knew in 2010 that some 93 million Americans could lose their insurance policies under Obamacare, aka the ACA, in most cases to be replaced by more expensive ones. This is what Obama keeps referring to as "better policies"—which of course they are... for the insurance companies. Working up some of the Forbes numbers gives the following broad picture of those currently insured, and those expected to lose their existing policies (in millions): Although the exact numbers are difficult to pin down, conservative estimates suggest that about half the 25 million now covered by individual and other non-group insurance policies, will qualify for government subsidies—many to the tune of $5,000 per policy. That, along with the 30 million new enrollees expected under Obamacare, many of whom will also be subsidized, will provide in the range of $130 billion per year in new revenue flow to the insurance companies straight from the U.S. government—a direct bail-out of the health insurance giants if ever there was one. Part of those subsidies is purportedly to be paid for out of the approximately $55 billion/year in cost "savings" (ie reduced payments to Medicare, etc.) that Obamacare has already been implementing. In other words, Wall Street’s health insurance sub-division will have their pockets lined by denying your grandmother needed medical care. Hitler would be proud. A second group will be those who don’t qualify for the subsidies—either because they are individual policy holders with incomes more than four times the poverty level, or because they still have employer-provided group policies. But most of these people will have to pay for Obamacare’s increased premiums out of their own pocket. This will provide something in the range of an additional $150 billion in revenue to the insurance vultures—a kind of bail-in of the insurance companies, with funds directly seized from people’s own accounts, standard of living, and so on. Thus, LaRouche PAC’s first estimate is that Obamacare means $280-300 billion per year in "windfall" revenues for the giant health insurance companies, which are documented to be part-and-parcel of the Wall Street financial vultures. That compares with other estimates, including that provided by a 2012 report of the prestigious PricewaterhouseCoopers consultants, which stated happily: "For the insurance industry, the new state-based exchanges represent a major business opportunity—an estimated $205 billion [per year] in premiums by 2021." As with broader policy of bail-out/bail-in of the financial sector, what underpins all of this is the intentional take-down of the physical economic capabilities and health services provided, which translates into millions of lives that will be wiped out and cut short, which is the biggest "savings" under the Nazi economic regimen that is already in place.