Obama willing to spend the last dime of your money to re-elect Democrats this fall

With this administration everything is about politics and winning elections.

The IRS tamped down conservative organizations to help Obama win re-election.

Benghazi and the murder of four Americans was not about organized terrorists but just some folks upset about an Internet video in the weeks prior to an election.

The announcement this week designating a national monument in New Mexico was just an election year sop to the environmentalist wing of the Democratic Party, even though the move is expected to hurt the local economy.

Harry Reid’s attempt to rewrite the First Amendment to gag the Koch brothers is just an attempt to protect incumbent Democrats.

Rick McKee cartoon

And so it is with the latest rewriting of the ObamaCare care rules. The Los Angeles Times reports the Obama administration has quietly dumped more taxpayer dollars into the so-called risk corridors that can be used to bailout health insurers who lose money.

“It comes as part of an intensive administration effort to hold down premium increases for next year, a top priority for the White House as the rates will be announced ahead of this fall’s congressional elections,” the Times writes.

It seems that ballooning insurance premiums are seen as a problem for Democrats seeking re-election — premium hikes like those forecasted for businesses in Nevada, as reported by the Las Vegas newspaper.

“Local insurance brokers are reporting spikes ranging from 35 percent to 120 percent on policies that renew from July to December,” the Review-Journal stated. “The increases are especially acute among employers with workforces made up of younger, healthier men. That’s because Obamacare prohibits offering lower rates to healthier groups. It also narrows the allowed premium gap between older and younger enrollees.”

At Townhall.com Conn Carroll points out:

“The insurance companies are all busy setting their premiums for next year. Without a guaranteed taxpayer bailout, insurance companies will set their premiums higher to protect themselves from financial loss. But if insurance companies know that taxpayers are on the hook for losses, then insurance companies are free to set their premiums low. Obama is essentially subsidizing health insurance company efforts to gain market share by underpricing their product at taxpayer expense.”

The editorialists at Investor’s Business Daily concluded:

“In short, Obama is offering the industry virtually unlimited taxpayer bailout money, in hopes that it will return the favor and avoid politically damaging rate hikes, at least until after November’s mid-term elections.

“Left unsaid in all this is the fact that the only reason such bailouts are needed in the first place is because ObamaCare tries to replace basic market forces that normally govern the insurance industry with a vast array of complex and costly cross subsidies.

“Obama might think ‘this thing is working.’ Taxpayers now on the hook for ObamaCare’s failure shouldn’t buy it.”

As F.A. Hayek noted years ago, the central planners never seem to be able to fix all the little things they break in a complex system and must continuously patch things until it completely falls apart.
It’s all about winning elections at any cost — any cost to us the taxpayers.