Posted on 01/13/2014 9:28:30 AM PST by Evil Slayer
Robert Laszewski—a prominent consultant to health insurance companies—recently wrote in a remarkably candid blog post that, while Obamacare is almost certain to cause insurance costs to skyrocket even higher than it already has, “insurers won’t be losing a lot of sleep over it.” How can this be? Because insurance companies won’t bear the cost of their own losses—at least not more than about a quarter of them. The other three-quarters will be borne by American taxpayers.
For some reason, President Obama hasn’t talked about this particular feature of his signature legislation. Indeed, it’s bad enough that Obamacare is projected by the Congressional Budget Office to funnel $1,071,000,000,000.00 (that’s $1.071 trillion) over the next decade (2014 to 2023) from American taxpayers, through Washington, to health insurance companies. It’s even worse that Obamacare is trying to coerce Americans into buying those same insurers’ product (although there are escape routes). It’s almost unbelievable that it will also subsidize those same insurers’ losses.
(Excerpt) Read more at weeklystandard.com ...
No one saw this coming.
Now let’s follow the money and see what the insurance companies are kicking back for 2016.
So, if you like government involvement in health care, keep showing up at the doctor's office.
I have yet to see a congressional Republican bill that repeals this part specifically.
Maybe it’s like that Obamacare bailout that congress got from Obama.
I am shocked….shocked I tell you
or find a doc that will work with for cash … that way you can still have health care and not worry about insurance or the feds ( and yes I know at some point this will be against the law too)
Check out sections 1311-1312 of obamacate law that no one read,that’s where you find it,its in the law and always has been.So no one should be surprised,they voted for it
People who participate in this corrupt health care system should quit participating or quit complaining.
You don’t have any way of proving your so called fact. People live longer with vaccinations, clean water, good food, and safe housing.
The health system is not corrupt. In general it is filled with hard working people trying to make a difference in people’s lives.
What you should ask is why do people run to the doc when there is no good reason. Or perhaps even why go to the doc and then not follow directions on taking the meds given to you. Or even what do you expect from the doc? Do you expect the doc to be God and make everything perfect? Medicine has provided the US with a chance at long and healthy life. The deaths from childhood diseases, the horrible and painful deaths do to lots of diseases are no longer the norm. For that we should all be grateful
Easy for you to say but hard for the majority of folks to do. People who are ill, have a disease or condition that requires medical attention or surgery to maintain or correct their problems, can’t just boycott the system and not show up at the doctor’s office. Your so-called advice is worthless to those who need medical care or who are wealthly enough to pay cash for everything. Where or how else are they to get medical care?
I notice you have no alternative solution to your pronouncement. You are either young, healthy or both and/or haven’t yet had to stare severe suffering, death or bankruptcy in the face for not having the resources to pay for a life-saving treatment or be financially ruined. People like you don’t add one iota to the debate on healthcare and insurance in this country by throwing out ludicrous ideas into the discussion that are not realistic. You, like myself and many others, may not like Obama or big government or even the insurance companies, but your ego has gotten in the way of your intelligence. You are too clever by half for you own good, as the saying goes.
I agree.
Insurance companies think they are in the cat-bird seat but eventually they will be destroyed by the “existing conditions” part of bammycare. The logical thing to do is dump insurance and pay cash for minor care. If you get really sick pick up an insurance policy, which they cannot refuse you, and leech the system.
Ok let me understand, under private insurance the insurance company is on the hook for all costs up to the policy limit. Now with the ACA the insurance company is on the hook for payments from the deductible ($5,000) to $45,000 plus 20% of the $205,000.
So why is the policy cost so much higher under the ACA?
My plan.
But, but, but, I thought Ocare was supposed to SAVE us money because before, those costs of uninsured patients would no longer be passed on to us! You mean they’re STILL going to be passed on to us through paying for others’ subsidies, higher premiums-deductibles-copays, AND a government (TAXPAYER) bail-out of insurance companies?
I think Rubio introduced a bill to stop this bailout, but don’t know its status now.
There wouldn’t be income inequality in this country, if our beloved government would just give each man, woman and child $2 million dollars rather than wasting it on the crap they do. Now - that would stimulate the economy. Nope - we have to support other countries instead and waste it on stupid projects that don’t amount to anything. If zero wants income equality - this might be a good place to start.
My comment #10 should have read:
“Your so-called advice is worthless to those who need medical care or who are NOT wealthy enough to pay cash for everything.”
I had quadruple bypass open heart surgery with a valve repair two years ago. The costs were over $500,000. The VA and Medicare paid for it. These catastrophic events are what medical coverage is for. I, unlike you apparently, did not have a spare half a million dollars in spare change laying around the house to pay for it out-of-pocket. Thank heavens for my VA and insurance coverage or I would have been bankrupt.
What I meant to say: But, but, but, I thought Ocare was supposed to SAVE us money because, before, the costs of uninsured patients were passed on to us. Once EVERYONE was forced to have insurance, we’d only be responsible for ourselves. You mean the expense is STILL going to be passed on to us through paying for others’ subsidies, higher premiums-deductibles-copays, AND a government (TAXPAYER) bail-out of insurance companies? Color me shocked.
Oh? What do you think people did do for thousands of years?
And, how did they do?
"The days of our years are threescore years and ten; and if by reason of strength they be fourscore years, yet is their strength labour and sorrow; for it is soon cut off, and we fly away." Psalm 90:10.
Seventy, eighty years? Is it really all that better now?
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