Democrats To Reimburse Insurance Companies Up To 80% On Obamacare Losses (Video)

Breaking: Democrats To Reinburse Insurance Companies Up To 80% On O-Care Losses (Video) – Gateway Pundit

This must have been one of those backroom deals we heard so much about…

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Stuffed inside the Obamacare law passed by Democrats (with no Republican votes) is a provision that will reimburse insurance companies up to 80% of their losses due to Obamacare.

Melissa Francis reported on FOX News:

“Marco Rubio has been out highlighting the fact that there is this ‘risk corridor’ where written into this law that nobody read is this idea that is insurance companies have 3% higher costs than they estimated as a result of who’s in these pools, they can recoup 50% of that money from the government, from you and me. 8% higher than what they estimated, they can recoup 80%! …This bailout of the insurance companies is the next big thing we’ll all be talking about.”

And, here we thought Democrats hated insurance companies.

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Sen. Marco Rubio (R-Fla.) is reportedly offering legislation that would repeal the provision altogether, arguing it raises the possibility of an insurance industry “bailout.”

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Expert Says It’s Logistically Impossible Now For Insurance Companies To Let People Keep Their Plans (Video)

Insurance Expert: It’s Logistically Impossible Now For Insurance Companies To Let People Keep Their Plans – Right Scoop

Bob Laszewski says that insurance companies can’t just turn on a dime at the whim of the president and start offering old plans. Considering what’s entailed in offering plans to people, Laszewski lays it out step by step and says it would be logistically impossible for insurance companies to do as Obama suggested today because there just isn’t enough time.

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Tyranny Update: Federal Government Demanding Internet Companies Turn Over User Passwords

Feds Demand Internet Companies Turn Over User Passwords – Independent Journal Review

If you had been told as little as a year ago that the feds were not only scanning your email and social websites, but had also demanded that web firms turn over your passwords, would you have believed it?

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Believe it now. As reported by cnet.com, the U.S. government has demanded that major Internet companies divulge users’ stored passwords, according to two industry sources familiar with these orders, which represents an escalation in surveillance techniques that has not previously been disclosed.

“If the government is able to determine a person’s password, which is typically stored in encrypted form, the credential could be used to log in to an account to peruse confidential correspondence or even impersonate the user. Obtaining it also would aid in deciphering encrypted devices in situations where passwords are reused.”

Some of the government orders demand not only a user’s password but also the secret question codes often associated with user accounts. So which companies are we talking about here?

A Microsoft spokesman would not say whether the company has received such “requests.” But when asked whether Microsoft would divulge passwords and other relevant information, a spokesman replied: “No, we don’t, and we can’t see a circumstance in which we would provide it.”

Google also declined to disclose whether it had received requests. But a spokesman said the company has “never” turned over a user’s encrypted password, and that it has a legal team that frequently pushes back against requests that are “fishing expeditions” or are otherwise problematic. “We take the privacy and security of our users very seriously,” the spokesman said.

A Yahoo spokeswoman would not say whether the company had received such requests, but did say: “If we receive a request from law enforcement for a user’s password, we deny such requests on the grounds that it would allow overly-broad access to our users’ private information. If we are required to provide information, we do so only in the strictest interpretation of what is required by law.”

Apple, Facebook, AOL, Verizon, AT&T, Time Warner Cable, and Comcast did not respond to cnet’s questions about whether they have received similar requests for users’ passwords and how they would respond if they did.

This may not (yet) be George Orwell’s “1984,” but Big Brother would surely be proud of the “progress” being made.

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Green Energy Companies In D.C. And Maryland Accused Of Ripping Off Poor, Minority Customers

Green Energy Companies Accused Of Ripping Off Poor, Minority Customers – Daily Caller

Green power companies supplying energy to District of Columbia and Maryland residents are under scrutiny for allegedly luring customers with promises of cheaper monthly energy bills – then jacking up the prices.

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Complaints against green energy companies delivering power to D.C. and Maryland residents are on the rise, The Washington Post reports.

The D.C. Office of the People’s Counsel has recorded 145 consumer complaints against seven green power providers this year. Approximately 75 percent of those complaints come from wards that are overwhelmingly minority and have high poverty rates. According to the OPC, many people filing complaints are senior citizens.

“Clearly, the problem is wider than just one provider,” Sandra Mattavous-Frye, the people’s counsel, told the Post. “This is a big issue. There should be an industry-wide investigation.”

Many of those complaints – 29 this year – are against a company called Starion Energy, which supplies power in D.C. and eight eastern states. One of Starion’s customers, Lisa Ford, was promised a monthly electric bill cut in half after she switched over to the company.

However, that’s not what happened to Ford’s bills – they increased from $96 per month in her first bill to $149 per month by her third.

“They lied to me – without a shadow of a doubt,” said Ford, who lives in subsidized housing and makes around $23,000 per year.

The Post notes that many other customers have the same complaints about Starion: “Instead, their bills have increased – some by more than 50 percent, according to their complaints. Consumers also have alleged deceptive practices, including company representatives failing to disclose billing and cancellation terms in addition to rogue sales tactics.”

In May, the D.C. Public Service Commission launched an investigation into Starion’s business practices.

Maryland residents are also complaining about green energy suppliers. The Maryland Public Service Commission received 206 complaints from customers against three green energy suppliers. Complaints have skyrocketed since last year when MPUC got 119 and got only 51 complaints in 2011.

“It’s an ongoing problem, particularly with misleading or deceptive marketing tactics,” Theresa Czarski, deputy people’s counsel for Maryland, told the Post. “There’s constant stuff going on with these suppliers.”

Complaints against Starion stood at a whopping 175 this year, up from only 9 in 2011.

“We don’t tolerate any unethical business practices,” Robert Bassett, compliance manager at Starion. “And we don’t market with a promise of any guaranteed savings. We don’t use the word ‘discount.’ ” He declined to discuss Ford’s complaint or any other individual’s.

Basset told the Post that “there are measures in place to ensure that representatives don’t sell something they can’t deliver.”

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Video-World’s dumbest politician says Americans are not worried about the economy anymore

Good Freaking Grief

You have heard of people who do not know anything? Well Crazy Uncle Joe doesn’t even suspect anything