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Insurance Companies exposed

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  • hiroad
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"By the way, this just proves that the sole purpose of the 2,000-page piece of idiocy known as the ACA was to establish federal control over the entire health-care industry. Their first goal was to grab the power. They can always figure out how to make it work later.. much later."

 

Read the comments:

Posted on November 16, 2013

 
 

Obamacare Architect: Regulators And Insurers Will Have To Find A Way To Keep Dropped Customers

MEGYN KELLY: Here's my question. The 5 million people, what if the insurance companies don't go along with the fix? What happens to them?

JONATHAN GRUBER: Well, these individuals have another month to buy insurance before they have to have plans before January.

KELLY: On healthcare.gov?

GRUBER: Exactly. If the website is up in that period, they're go on the website and buy plans. If not, state insurance regulators and insurance companies are going to have to work together to find a way -- allow these people tot keep their insurance.

KELLY: Okay, that last part is terrifying.

GRUBER: Well, Megyn, we have to understand the context in which this is happening. Which is these individuals are seeing their insurance policies canceled, often because they are substandard policies Laughingand there are better policies (?) out there.

KELLY: Let's not go there. Our viewers know about the policies. I want to talk about what will happen to them, because you have 5 million people out there, many of whom are watching now. What you just said, the last part you said is very concerning that the state insurance commissioners and the insurance companies have to work together to protect them. These people, we have heard from them. Some of them have cancer. Their children have life-threatening diseases. They are getting ongoing treatments and they are worried. We have a website we don't know whether it will work or not. And now it's like, well, they have to work together to solve it.

 

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Obama Didn’t Consult Insurers Before Making Change

by Keith Koffler on November 16, 2013, 12:00 pm

President Obama failed to consult insurers before announcing a significant change to Obamacare that could require them to quickly take a variety of actions and will likely cause a significant adverse impact on their bottom line.

Because why do emperors have to talk to their subjects before decreeing divinely-inspired policies?

According to the New York Times, “many” insurers who attended a hastily called meeting Friday at the White House with Obama ”expressed anger that the president had not consulted them before Thursday’s announcement.”

In a political move designed to quiet a rebellion among Democrats nervous about their reelection prospects next year, Obama Thursday had sought to partially make good on his promise that Americans could keep their health insurance by putting the onus on insurers to renew plans slated for cancellation under Obamacare – if they want to.

So now insurers are the bad guys if they don’t rescue people from losing their plans!

Meanwhile, those most likely to want to keep their plans are younger and healthier people. But these are the very people insurers are counting on to drop their plans and buy expensive insurance in the exchanges in order to subsidize the older, less-well people who are more likely to participate in Obamacare!

From the New York Times:

At the meeting, insurers emphasized their concerns that the president’s proposal could actually lead to higher insurance prices in 2015 and beyond by skewing the mix of customers in the new insurance marketplace. In other words, people who now have cheaper insurance — because their plans have fewer benefits — may still choose to keep them, rather than buying the new policies. Generally, those people are thought to be younger and healthier.

OMG, consumers keep acting in rational ways despite what the federal government wants them to do!

Insurers backed Obamacare, figuring the government was going to make them a picnic basket of gold nuggets by signing up all these new customers!

But instead of gold nuggets, the government is giving them CHICKEN NUGGETS . That’s what happens when you make a deal with the Devil. The Devil’s in charge.

States, which have to approve the Obama plan, are hopping mad too:

Logan Harrison, chief deputy commissioner of the Indiana Department of Insurance, said his state had not decided how to proceed but the fact that they were having to scramble to do anything was maddening.

“This is absurd,” he said. The president, he said, made a “purely political decision” that punts his problem squarely into the laps of state insurance commissioners. “It’s unfair to us and our citizens.” A number of other state officials, both Democrats and Republicans, echoed Mr. Harrison’s frustration but were not willing to speak on the record.

This issue is arguably the biggest headache for the dozen or so states — from New York to California — that have their own exchanges, some of which are working reasonably well. “We did everything Obama wanted, and this is the thanks we get,” said one high-ranking official in a state with its own exchange. “I can’t tell you how fed up we are.”

Awww. That mean Obama! And who knew the federal government would ever do something absurd?

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  • mallory
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Mal you're being ridiculous again.  The reason insurance companies have been "taking" plans away is because Obama made them change the existing policies.  If the policies do not contain qualifiers as directed in Obamacare they are no longer valid and the insurance companies must cancel them and then offer a new policy containing these.  How many 70 year olds do you know that need maternity care?  Under Obamacare if their plan does not contain maternity care the policy is illegal so it is canceled and a new policy, which is definitely going to be higher in cost due to the additional coverages, will be issued.

 

They can add maternity care to a 70 old's policy and it won't cost them anything because it will never be used.

 

Think it through, if a company is required to add additional coverages they must cancel the existing plan and issue a new one.  To believe they would offer these new requirements under Obamacare is unreasonable.  I guess you believe that new cars should come with all the bells and whistles at no additional cost even though you may not use, or have a need for everything.

 

A bell and whistle costs something to produce.     Adding maternity benefits to a policy costs nothing if you know it never be used.

 

Mal you're being ridiculous again.  The reason insurance companies have been "taking" plans away is because Obama made them change the existing policies.  If the policies do not contain qualifiers as directed in Obamacare they are no longer valid and the insurance companies must cancel them and then offer a new policy containing these.  How many 70 year olds do you know that need maternity care?  Under Obamacare if their plan does not contain maternity care the policy is illegal so it is canceled and a new policy, which is definitely going to be higher in cost due to the additional coverages, will be issued.

 

They can add maternity care to a 70 old's policy and it won't cost them anything because it will never be used.

 msmal-

 You do not understand - the insurance people are required to put that in the policy - they have no idea who will buy the policy. The idea is to 'load up' the policies so that folks pay a lot for a policy even tho they will not need part of the coverage.

 

Think it through, if a company is required to add additional coverages they must cancel the existing plan and issue a new one.  To believe they would offer these new requirements under Obamacare is unreasonable.  I guess you believe that new cars should come with all the bells and whistles at no additional cost even though you may not use, or have a need for everything.

 

A bell and whistle costs something to produce.     Adding maternity benefits to a policy costs nothing if you know it never be used.

think about this:

Adding maternity benefits to a policy adds money to the bottom line - like paying large amounts for policies that the owner of the policy will not utilize helps pay for the folks that will use those benefits. You know - like barack hussein always said to 'spread it around' well that is  the dems plan. Let's make some 27 yr old help pay for Hiroads policy. Sounds good if you are Hiroad - not so good if you are the 27 yr old.

 

 

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