What the Obama administration doesn't know about business, the private sector or basically anything else could fill a piece of legislation with more than 2,000 pages!
Wait, it already does! Who else but the Obama administration, apparent hater of business, would ask private companies to provide their products for free and therefore be forced to take huge losses.
It's the private sector forced to pay the price for the incredible incompetence of government!
'Government Takeover: White House Forces Obamacare Insurers To Cover Unpaid Patients At A Loss'
'Of all of the last-minute delays, website bungles, and Presidential whims that have marred the roll-out of Obamacare’s subsidized insurance exchanges, what happened on Thursday, December 12 will stand as one of the most lawless acts yet committed by this administration. The White House—having canceled Americans’ old health plans, and having botched the system for enrolling people in new ones—knows that millions of Americans will enter the new year without health coverage. So instead of actually fixing the problem, the administration is retroactively attempting to force insurers to hand out free health care—at a loss—to those whom the White House has rendered uninsured. If Obamacare wasn’t a government takeover of the health insurance industry, then what is it now?
On Wednesday afternoon, health policy reporters found in their inboxes a friendly e-mail from the U.S. Department of Health and Human Services, announcing “steps to ensure Americans signing up through the Marketplace have coverage and access to the care they need on January 1.” Basically, the “steps” involve muscling insurers to provide free or discounted care to those who have become uninsured because of the problems with healthcare.gov...'
Read the rest of the article at Forbes here.