Tag Archives: Bailout

Obama wants you to cover the for-profit college student loan bailout

You might have heard that Corinthian Colleges, a nationwide for-profit college system that advertised on TV constantly through institutions like Everest College, closed its doors in April after a record fine of $30 million by the Department of Education and legal action from various local authorities over deceptive and fraudulent practices. The shutdown left at least 16,000 students high and ... Read More »

Stop Obamacare’s Outrageous Bailouts

President Barack Obama’s health-care overhaul looks extremely unlikely to hit the goal set for itin October: enrolling “at least” 7 million people in exchanges by April. So the administration is redefining success as mere survival for the program.

The Patient Protection and Affordable Care Act has already achieved “preliminary sustainability,” an official recently told the National Journal. And what’s making the program sustainable? The prospect of a massive taxpayer bailout...

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Sen. Rubio Pushes Repeal of Obamacare Provision Permitting Insurance Industry ‘Bailout’

Obamacare includes a provision that allows the federal government to funnel taxpayer dollars to insurers that face the prospect of losing too much money under the new health care law, and conservative critics want to repeal it. Sen. Marco Rubio, R-Fla., said the provision could amount to a bailout of the insurance industry, which stands to lose if the troubled Obamacare exchanges fail to enroll enough people to make the system financially viable. Obamacare enrollment has already been stymied by...

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