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NY insurers want double-digit hikes for ObamaCare policies
New York Post ^ | June 8, 2017 | By Carl Campanile

Posted on 06/08/2017 7:55:22 AM PDT by Oldeconomybuyer

New York health insurers requested double digit increases as high as 47 percent for ObamaCare policies next year as the debate rages in Washington how to overhaul the law.

The average proposed increase for individual policies for 2018 is 16.6 percent, the state Department of Financial Services said in a report released late Wednesday.

But some consumers would get whacked with much higher increases, if approved by Albany.

HealthNow New York is seeking a 47 percent boost in premiums, United Healthcare of New York a 38 percent hike, and Care Connect wants 30 percent more..

Emblem Health/HIP has filed for a 25 percent hike and Healthfirst PHSOP 22 percent.

(Excerpt) Read more at nypost.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events; US: New York
KEYWORDS: marxism; obamacare; rinocare; socialism
Obamacare is working exactly as designed.
1 posted on 06/08/2017 7:55:22 AM PDT by Oldeconomybuyer
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To: Oldeconomybuyer

Probably even faster than anticipated by its engineers in the NYC metro area; the economy has never recovered here, but our cost of living, already so high, got worse with ObamaCare - and white Americans are fleeing in droves. They are leaving behind immigrants and welfarians who aren’t the healthiest people...


2 posted on 06/08/2017 8:01:10 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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To: Oldeconomybuyer

Let’s hear Coumo declare that they will support it.....................


3 posted on 06/08/2017 8:04:39 AM PDT by Red Badger (You can't assimilate one whose entire reason for being here is to not assimilate in the first place.)
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To: Oldeconomybuyer

Unsuspected by Ordinary People, Economic Ultra-Elites Command the Base Institutions that Regulate Our Fundamental Living Conditions

They Are Far Above Conventional Distinctions of “Right” and “Left”—They Grant Ruling Privileges to the Group that can Demonstrate the Ability to Deliver What They Require.

O-CareIf The “Conservatives” Had A More Coherent, Political Gangster Force–As They Did in 2000–The Ruling Elite Would Have Supported “Conservatism”.

The function of a quasi-governmental cartel/monopoly is not to benefit consumers.
It is to enforce economy of scale, raise prices and discourage competition to benefit elites.

Suppose we heard an unknown man spoken of by many men. Suppose we were puzzled to hear that some men said he was too tall and some too short; some objected to his fatness, some lamented his leanness; some thought him too dark, and some too fair. One explanation … would be that he might be an odd shape. But there is another explanation. He might be the right shape. – G.K. Chesterton, Orthodoxy (1908), Chapter 6, “The Paradoxes of ChristianityThe popular philosopher, G.K. Chesterton first considered that the Catholic religion might be true, when he heard contradictory claims made about the Church.

In the current civil crisis over Obamacare, at least 3 contradictory sets of facts can help us to clear the smoke away from the mirrors, to triangulate to the truth and see what’s really going on.

1) Hillary was the most popular, but Obama became president.

2) Biomedical Technology is one of the last healthy export manufacturing sectors of the economy, but it will be taxed to death.

3) We were told that Obamacare would stick it to Big Insurance and Pharma, but now it’s admitted that they have the the best seats at the table.

How do we cut through the fog of media propaganda and arrive at a reasonable semblance of the truth? We can look at a similar example from another time we know more about, where the bodies are buried and who put them there.

In the 1930s, someone heard Adolph Hitler being screamed at behind closed doors by the head of the German Central Bank [Hjalmar Horace Greeley Schacht]. Who could get away with screaming at Hitler and live?

Someone fronting from a group so powerful, it could have ordered that Hitler be made into Hoffaburger. It turns out that when Hitler first assumed power, he went with hat in hand to make his case to the heads of German industry that his gangster militias could deliver labor peace.

(Not that the Big Boys were exactly helpless – their corporate army was called Der Totenkopf, the “Death’s Head” – the SS. Their corporate heirs are the people who put out RU-486 chemical abortion. [IG Farben > Hoechst > Roussel Uclaf])

Hillary and Barack’s Very Special Date Night 6/6/08
Bilderberg meets to decide US presidential election 3/31/12
Bilderberg Kingmaker Kissinger ‘Jokes’ About President Hillary Clinton At Elite Gathering 5/2/13

A roughly similar set of events may have been behind Obamacare. Fast forward to the 2007-2008 American Presidential race. Hillary Clinton was winning, then without any plausible explanation, Barack Obama was suddenly ahead. It happened in a way that made Hillary supporters cry foul.

Behind the scenes, it may have happened that Hill and Barry attended a command performance in front of the Big Boys who run things. It was found that Hillary carried too much political baggage, she tried but failed in 1993 to deliver Hillarycare, so, suddenly, Barack Obama is the man in command, with the most agile political gangster force and an effective, ready-made, prince-charming cover story.

THE whole modern world has divided itself into Conservatives and Progressives. The business of Progressives is to go on making mistakes. The business of Conservatives is to prevent the mistakes being corrected. Even when the revolutionist might himself repent of his revolution, the traditionalist is already defending it as part of his tradition. Thus we have the two great types—the advanced person who rushes us into ruin, and the retrospective person who admires the ruins. He admires them especially by moonlight, not to say moonshine. Each new blunder of the progressive or prig becomes instantly a legend of immemorial antiquity for the snob. This is called balance or mutual check, in our Constitution. — G.K. Chesterton: ‘The Blunders of Our Parties,’ Illustrated London News, April 19, 1924

Our politicians cry about insuring everyone and keeping jobs at home. But the most obvious solution, open insurance markets among the 50 states, won’t be allowed. And Biomedical Devices, one of the most healthy sectors of the export economy, will get a stake through the heart.

What’s the group that’s so powerful that they can ruin the country to unanimous hosannas from the media? The same one that was able singlehandedly to defeat both the Trial Lawyers and the Doctors with one hand tied behind its back: Big Insurance.

It’s now openly acknowledged that the group in charge of what became Obamacare, from the bitter beginning was lead by Big Insurance and Pharma, both touted in “the free press” as bad boys who would receive their just punishment, in the circus leading up to the vote on the bill that couldn’t be read – “read it after you pass it”, 6 times longer than the Bible.

Big Insurance and Pharma have the seats of honor at this robbers’ banquet. Harry Reid is in charge of the waiters, Nancy Pelosi runs the kitchen – and Barack Obama supplies the bouncers.

It remains to be seen, however, whether or not Big Insurance can pay the bill, now that it’s due.

“…they were either politicians or reporters, which, of course, comes to the same thing.” – Ford Madox Ford, “The Good SoldierA century ago, politicians and newspapers claimed that the establishment of the Federal Reserve would protect the little man, stabilize the economy and banking, and shield us from depressions and crashes. We now know that was just bait & switch, the Federal Reserve was never intended to do any such thing. The newspapers of that time led people around by the nose, feeding them anything their ultra-elite owners wanted.

Of course, we’re so much better informed now, there’s no way such a charade could be pulled off today!

Bankers Rule the World

They decide who governs and how, who serves on courts, what laws are enacted, and whether or not wars are waged.—Bankers Rule the World: The Network of Global Corporate ControlWall Street, Banks, and American Foreign Policy

What Government Schools Can Teach Us About Government Healthcare

Billionaires Cash in on Obamacare

GOP seeks coverage choices in health law they hate

Creature from Jeckyll Island

Thomas DiBacco: The Federal Reserve’s woeful century

The Nuclear Option: Wilson and Obama–100 Years Apart but so Alike

SEIU-Related Health startup cashes in on Obamacare loophole

The White House Is Bribing Health Insurance Companies

The Federal Reserve cartel: The Eight Families

Who Rules America?

But, Sir, You ARE The Man. . I know.

But, Sir, You ARE The Man.
 
I know.

«Obama and the Democrats pushed Obamacare by attacking insurance companies and painting Obamacare opponents as shills for the insurers. This was dishonest populist posturing. The insurance companies were partners in Obamacare….» —When Obamacare loses in court, insurance companies lose, too by Timothy P. Carney July 22, 2014, The Washington Examiner

4 posted on 06/08/2017 8:05:20 AM PDT by CharlesOConnell (CharlesOConnell)
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To: CharlesOConnell

AARP ran the ObamaCareScam.


5 posted on 06/08/2017 8:07:33 AM PDT by CharlesOConnell (CharlesOConnell)
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To: CharlesOConnell

Aarp/democrats hate the old and the sick.


6 posted on 06/08/2017 9:23:19 AM PDT by Trillian
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To: CharlesOConnell
«Obama and the Democrats pushed Obamacare by attacking insurance companies and painting Obamacare opponents as shills for the insurers. This was dishonest populist posturing. The insurance companies were partners in Obamacare….» —When Obamacare loses in court, insurance companies lose, too by Timothy P. Carney July 22, 2014, The Washington Examiner

ACA architect, MIT economics prof Jonathan Gruber, argued that perceived rising premium costs are really a one-time increase in 2016 to cover “massively underpriced” policies for the first two years of the 2010 law. He also said the increase “fixed” the problem because insurance companies were seeking signs of profitability and talking optimistically about continued participation in the program.

I guess Obama didn't let Gruber in on the "billion dollar secret." Probably Obama was depending on Gruber's stupidity (smirk).

"Now, I don't want you insurers to worry; when you start
losing money, we are going to jump in and bail you all out."

Obama Siphoned off Billions in GSE Dividends To Prop Up OBAMACARE

ZeroHedge ^ | April 2, 2017 / FR Posted on by Zakeet

Earlier this month, Harvard Ph.D. Jerome Corsi of InfoWars (@jerome_corsi) and a CPA "who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac," confirmed a 2012 scheme hatched by the Obama administration.

The audacious looting involved funnelling hundreds of billions in dividends from Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac to prop up the failing Obamacare program - by paying subsidies to insurers to remain in the system. [Snip]

The conclusion reached by Corsi and others is that this was probably illegal. In fact, House Republicans actually sued the Obama Administration in 2014 over the fact that the subsidies to insurers weren't appropriated by congress and won, which the Obama administration appealed.

Zerohedge and the Atlanta Journal Constitution pointed out last week, the Trump administration has until May 22nd to decide whether or not to pursue the appeal: (Excerpt) Read more at zerohedge.com ...

================================================

The Royal Idiot doesn't know much........ but he learned in "the community" that laws don't matter.

The half-caste misfit could care less about US laws: that monies designated for one use cannot be appropriated for another.

7 posted on 06/08/2017 6:51:37 PM PDT by Liz ( Liberalism: stnding on your head, then telling the world that it's upside down.)
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To: All
O/Care passed by an historic Democrat party-line vote w/ a massive, multi-billion-dollar slush fund that was deliberately kept hidden from us "stupid taxpayers" by self-serving Grubercrats.

=========================================

The Untraceable $8 Billion ObamaCare PR Budget---truly govt fraud at its finest. Egged on by Pelosi, Democrats slavishly voted for Obamacare by an historic straignt-party line vote.

Not one Democrat told Americans about Obamacare's Section 4002---which mandates an $8B untraceable fund to "promote" Obamacare (apparently b/c Boobamba had so little confidence in his signature legislation).

THE PAYOFF--WHO GOT THE MONEY? In 2010 Taxpayers are extorted $500 million, in 2011, $750 million, 2012, $1 billion, 2013, $1.25 billion, 2014, $1.5 billion, and, in 2015 and on, $2 billion

<><> Where is all that money going?

<><> Was cashing-in the incentive in getting the thing passed?

The sound of West Wing wire-transfers to state Democratic organizations and to offshore banks is almost palpable.

============================================

Turns out Obamacare is a vehicle for consolidating Dummycrat power.....complete w/ a multi-billion dollar slush fund financed by your tax dollar.

ITEM---A local couple called 10News concerned after they received an envelope from Obamacare website, Covered California. Inside was a letter discussing voter registration and a registration card pre-marked with an "x" in the box next to Democratic Party.

ITEM---Obamacare web site is also a voter registration site.

8 posted on 06/08/2017 6:54:21 PM PDT by Liz ( Liberalism: stnding on your head, then telling the world that it's upside down.)
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To: Oldeconomybuyer

Democrats just love it when their plans come together.


9 posted on 06/10/2017 12:33:40 PM PDT by okie 54
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