ObamaCare Clusterfuck: They don't even care enough to fake it anymore
WASHINGTON — The White House is encouraging skeptical state officials to expand Medicaid by subsidizing the purchase of private insurance for low-income people, even though that approach might be somewhat more expensive, federal and state officials say.
Just an outright transfer of public money (taxes) to private entities (health insurance companies) despite the fact that thirty cents of every dollar pumped through blood-gorged bellies of the health insurance companies goes to overhead, CEO bonuses and salaries, and profit.
And whaddaya know:
The idea of using “premium assistance” to buy private insurance for new Medicaid beneficiaries is a sharp departure from the 2010 health care law, in which Congress expanded Medicaid to cover the poorest Americans and assumed that people with higher incomes would obtain private coverage through the exchanges.
Once again, I wasn't cynical enough. This didn't occur to me. Doubtless it's been in the works since the beginning. Now that the kayfabe of the 2012 election is over, the various local oligarchies can settle down to passing out the goodies.