Tuesday, July 12, 2016

TAXPAYER FUNDED HEALTH INSURANCE CO-OPS ARE GOING BANKRUPT UNDER OBAMACARE

by Daniel Barker (NaturalNews

The bad news concerning Obamacare is growing even worse. Last week, Blue Cross Blue Shield submitted a request for rate hikes of 60 percent for its policyholders in Texas. Then, a couple of days later, the news broke that Ohio's InHealth Mutual co-op is going bust, making it the 13th of 23 non-profit co-ops set up under the Affordable Care Act (ACA) to declare bankruptcy.

From FreeBeacon.com:

"The Ohio Department of Insurance asked to liquidate the company, saying that the company was in a 'hazardous financial condition.' The co-op served nearly 22,000 consumers who now have 60 days to find another policy offered by another company on the federal exchange.

"The company recorded an underwriting loss of $80 million in 2015 despite the $129 million in taxpayer-backed loans granted to the co-op by the federal government."


Reports say that $3 million in claims per week were being filed with the insurer, creating a situation in which a 60 percent rate hike in 2017 would have been necessary to cover the outlays.

Ohio Director of Insurance Lt. Gov. Mary Taylor said:

Thursday, June 23, 2016

Tuesday, May 31, 2016

MONSANTO LOSES MAJOR PCBs POISONING LAWSUIT, FORCED TO PAY $46 MILLION TO VICTIMS


St. Louis, Missouri — Three plaintiffs have been awarded $17.5 million in damages caused by Monsanto and three other companies for negligence in the production of PCBs.
A jury voting 10-2 in St. Louis found Monsanto, Pfizer, Solutia, and Pharmacia must pay the plaintiffs and assessed an additional $29 million in punitive damages against Monsanto for its continued selling of polychlorinated biphenyls, or PCBs, after the compound had been banned, the St. Louis Post-Dispatch reported. Plaintiffs in this case — three of nearly 100 involved in litigation, some of whom died — said they developed non-Hodgkin lymphoma from exposure to PCBs.

“All of us could pretty much agree that Monsanto was negligent,” said juror Nathan Nevius in the Post-Dispatch. 

Ashley Enochs, a second juror, noted, “I think it goes to show that large companies can put stuff out there that’s harmful and they can do it for a long time but that justice is going to be served whether it’s a year after the products are put out, or in this case, 80 years.”