Posted on 10/25/2009 11:00:51 PM PDT by Steelfish
Insurers Poised To Reap Benefits From Healthcare Overhaul The final bill may well reflect an industry group's strategy of shaping universal coverage to benefit companies.
Noam N. Levey and Lisa Girion October 26, 2009
Reporting from Los Angeles and Washington - As President Obama's push for a healthcare overhaul moves toward its final act, the oft-vilified health insurance industry is on the verge of seeing a plan enacted that largely protects its financial interests.
That achievement, should it stand up in the final legislation, would be the capstone of a sophisticated lobbying and strategic campaign that began even before Obama was elected president.
The specifics of the healthcare legislation are still being hashed out on Capitol Hill, and key details will evolve in the days ahead. Even so, there is broad agreement that the final plan will, for the first time, require Americans to buy health coverage, with taxpayer subsidies for millions who cannot afford it.
For the health insurance industry, that means millions of new paying customers. What's more, there are likely to be no limits on what insurers can charge, while at the same time the plan is expected to limit competition from any new national government insurance plan that lawmakers create.
These anticipated wins -- from an initiative that has at times been portrayed as doomsday for health insurers -- is the result of a strategy developed by one of Washington's savviest lobbyists, Karen Ignagni. Under Ignagni's leadership, the industry group America's Health Insurance Plans adopted the goal of universal coverage while setting out to shape it in a way that benefited insurers -- a crucial move that aligned their interests with those of other groups, including consumers and hospitals.
(Excerpt) Read more at latimes.com ...
NO BARF ALERT???
the only insurance company that will see anything from Obamacare is maybe one ... maybe 2 ... and that will only be temporary...as any “INsurance Company” that helps to set up OBAMACARE ..will be swallowed up and DESTROYED by OBAMACARE..
As the Highlander movies tag line...”IN the end, there can be ONLY ONE”
and that one will be the GOVERNMENT.
...yeah, because polls overwhelmingly show people chomping at the bit for Obamacare...
/sarcasm
**...yeah, because polls overwhelmingly show people chomping at the bit for Obamacare...**
LOVE IT... but then I’ve been constantly bombarded with LLORTS and MODERATES ... and it’s getting harder to tell the Difference.
If the Insurance companies reap the windfall of payments from people who are young, healthy, and do not feel they need insurance, the government will loot their profits.
This is only a means to concentrate wealth to take it.
The looting continues, using power our government was never meant to have to rake in the chips...
Banks and Financials...
The taxpayers...
Auto Manufacturers....
The taxpayers...
Insurance and health care....
Who's next? (oil companies??)
Oh, and did I mention...the taxpayers.
This creature named Karen Ignami is a Democrat.
A former staffer for a Dem rep and worked for the AFL-CIO !
The insurance industry been PUNKED by an imbedded DNC operative !
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