Posted on 11/15/2013 10:24:48 AM PST by Maceman
In this morning's interview Former Cigna exec seems to be cautiously optimistic about Obama's "fix" and the future of Obamacare.
(Excerpt) Read more at video.foxnews.com ...
The main problem with the US Insurance Market is that it has been very tightly controlled by Federal and State Laws for decades.
Government Control increases cost to the consumer.
The Federal Laws prohibit competition, sales and tort reform across State Lines.
Thus, Insurance Companies have been forced for decades to hire platoons of permanent workers to make sure all of their policies are consistent with the ever-changing Federal Regulations on Insurance Companies.
The cost of the policy must then go up to pay for the wages, and office space for these regulation-staff members, plus annual increases in cost to the policy holder for payment to the staff members who received an annual company raise.
In a private company, there is only “Profit” or “Loss” at the end of each year. The private company equivalency of the politician’s National debt is what the private company calls “Bankruptcy.”
Since each State has its own Insurance Bureau, the consumer (=policy holder) also must pay for:
1.) that State Bureau’s staff that must be hired to be sure that the Federal Regulations are consistent with what the States politicians have recently added to the State’s Regulation Burden.
Insurance is thus a haven for endless increases in policy premiums due in large part to the Federal and State Regulations and the required staff to regulate the regulations;
2.) And the extra platoons of permanent workers that each insurance company has to hire to be sure of all 50 State conformity with each of their policies.
My point is that the consumer is paying far more than is needed for Federal and State Regulations that are no common-sense regulations.
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Back in the day if one broke the Law, a trial was held and that person went to jail.
In our PC World, nobody goes to jail because “All we need to do is to create a new Law or Regulation, so this terrible situation NEVER HAPPENS AGAIN.”
In a freer Insurance market, with minimum Federal and State Regulations, our new jails would be ahead of building schedule, incompetent Insurance Companies would be bankrupt, and Insurance policy rates would be so low that even “the poor” could afford to pay their own way for non Government, hospital pro bono Health Insurance Policy.
Whatever the US Federal Government touches with its Federal Fecal Finger always increases our taxes, and National Debt Burden on those of us who are TAXED ENOUGH ALREADY.
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My concern is that our Federal politicians will miss this golden opportunity to “Meat Clever” the Federal Insurance Regulations down to a workable level, and thus allow the cost of an insurance policy to better float with the supply and demand of a freer Insurance Market.
Senators Cruz and Lee have a great opportunity now to do so, and we should “encourage” them to do just that.
THEY ALL HAD THEIR HAND OUT—NOW THEY WANT A BAIL OUT.
Tough. Live with it. Negotiate with the devil at your own peril.
The insurance companies bought in to Obamacare because they thought if they continued to “go along”, it would be financially beneficial to them. After all, government controls everything and they were a government crony.
I’ve become a conscientious objector to health insurance. I can no long support with my substance a system rife with fraud and fear. My take home pay will increase substantially, and I will simply pay up front for the few services my family and I need.
There is no “fix” to this, unless you think in terms of the old-fashioned notion that a young girl who found herself pregnant and with no prospective husband in sight was in a “fix”.
Then, yes, there is a “fix”. As in screwed and tattooed.
The insurance companies can’t AFFORD to do anything at this late date! In any case, it is illegal. EVERYTHING “President” Muhammad Al-Obama DOES is illegal.
From the Center for Public Integrity (CPI) website: "Wendell Potter is writing about the health care industry and the ongoing battle for health reform. His columns are published every Monday".
He has two identical columns published on November 12th, one in the Huffington Post titled "Obamacare Scare Stories Obscuring Fact That Many, Like Bob, Are Finding Better Coverage" and the other on the CPI site titled: "Separating myth from reality on Obamacare"
The columns describe how his friend "Bob" is getting better coverage and saving $1,400 next year.
Another column of his from Nov. 4th is titled: "What Congress didn't say: Obamacare outlaws policies that are essentially worthless".
Hardly a spokesman for the insurance companies, especially since he isn't even working for one now.
The obvious solution is very painful for all:
1.) Abolish and destroy all of Obamacare, the IRS data files and all ancillary parts of Obamacare.
2.) Pass a Congressional Law with a veto-proof majority that stipulates that it shall forever be illegal for the US Federal Government to ever again legalize mandatory purchase of any insurance product related to the medical or health insurance industry.
3.) Appoint by Congress ONLY a top Private Insurance Executive to work with Congress to legislatively restore the excellent US Medical System that will soon be freed from Medicare, Medicaid, and other Federal entanglements.
4.) In return for the Liberals, RINOs and other supporters of Infinite National Debt agreeing to the above termination of Obamacare, Medicare and Medicaid, the Conservatives would agree, when ALL Federal Laws have been passed, to approve the US Federal Government to absorb the cost of the damage done to the cancelled policy holders by the Obama Socialized Health Insurance Tax.
Guy is an Obamacare tool. Says government exchange being down is causing all the problem and when it is back up people will find better policies.
So now you might get to keep your policy, how about keeping your doctor?
I smell a plant....
While some might find their insurance going down the majority of people will not. Nothing right now supports this guy’s annodotal story. Sorry, I don’t buy what he’s selling.
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