Posted on 12/22/2013 9:22:15 AM PST by Sub-Driver
Yeah, glad Krauthamer finally figured this out.
I think most of us Freepers , HotAirheads, Lucianners etc. figured out two months ago that the insurance companies would be declared “Too Big To Fail”, and get truckloads of that Sweet Sweet FIAT cash from Bernanke’s (and soon to be Yellin’s) printing presses...
Not only at the cost of current taxpayers, but the next few generations of Americans.
You don’t need a Cray Supercomputer to spot this one coming.
How could this be? My rates went up 100 bucks a month!
Obama will want to bail them out because it'll be another crisis they can take advantage of. He'll villify the insurance companies to make it look like his mistakes are their fault, but a bailout means money getting handed from the taxpayers to the insurance companies with his hands in the middle of it. It's the Chicago way.
You got that right.
But - are they following the law or obeying any of Obama’s numerous exhortations to violate the law? If they are obeying Obama’s “decrees” it could work against them.
You got it. And it stinks to high heaven
There have been so many executive exhortations (as you say), that when individuals begin to be harmed and experience damages it’s going to choke the courts. The law is the law after all.
As such, the additional cost to insurance companies though large may not be so burdensome that they need a bailout to survive.
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Except they are guaranteed a bail-out by the law itself. The federal government is bound to cover 80% of any losses the insurance companies might experience in a given “risk pool”.
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This is true. But 80% isn’t 100% and the stockholders and the stock market will render a harsh judgement on these companies. Premiums will rise to compensate and the pool of good money making customers will decline.
How do you spell Death Spiral?
I’m not challenging you, but I worked for a major BCBS franchise until last year, through the whole passage of the law and first years of implementation. I saw our CEO dragged before Congress to defend our business. AHIP (association of health ins plans) lobbied heavily against the bill. We didn’t want it. But once it was passed, we had no choice but to implement it. Grandfathering, the shutdown of Medicare Advantage Private FFS, mandates, reports - all threatened with huge penalties for non-compliance. Trust me, the insurance companies aren’t dancing in the streets. Don’t confuse trying to survive with support.
-Again, my experience, my perspective. Don’t hate me.
U R right. Bears repeating.
I certainly do not hate you. I know how the Obama fascists operate.
They disgust me with their corruption. Doesn’t change the fact that these companies should have spoke up for all to hear about how they were being played.
Water under the dam now.
So is Blue Shield in one state the same company as in another state? Do they have the same profit and loss?
As a conservative, I opposed the liberal TARP bailouts of big banks.
As a conservative, I opposed the Stimulus.
As a conservative, I opposed the corrupt GM bailout.
As a conservative, I opposed Cash-for-Clunkers.
As a conservative, I will also oppose next year’s bailout of insurance companies that were hoping for a big win from crony capitalism.
Bailing out big business is and always has been a bad habit of liberals, the party of big business. I just wish we could get that message out to the low-information voters.
How do you spell Death Spiral?
O-B-A-M-A-C-A-R-E
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