What You Were Never Told About Obamacare – LewRockwell.com:
"The first is the Reinsurance Program under which large claims are capped for insurers offering individual plans under Obamacare.
Insurers pay for claims up to $45,000, while the Federal government picks up 80% of the costs exceeding $45,000 up to a maximum of $250,000.
This means that Obamacare is a public-private insurance scheme and that we are already half-way to the “single-payer” insurance program that Obama and his left-wing cronies so keenly pine for.
Needless to say, neither President Obama nor the establishment media have publicized this provision of Obamacare."
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