Here comes the health insurer bailout (to be paid for by you and me of course).

bailout bear cc

Apparently deep within the bowels of Obamacare is a provision which says that if an insurer who participates in the Obamacare exchanges loses over 3% more than they thought they would they can recoup 50% of that loss from the taxpayer. If the companies lose 8% they can recoup 80% of that loss.

Now who thinks the number used as the bogey by the insurance companies hasn’t been gamed from the outset?

Obamacare blows up and we now have to pay off the insurance companies because their subsidy scheme, which they wrote in concert with this White House, didn’t work. That seems fair.