Bill requires 80% payout in claims from health insurance providers. Daughter in law works for one whose payout now @ 67%, Results she expect her company to fold up and go out of business.
That’s one of the intentions of ObamaCare. Collapse the system.
80% payout? Insurance agents do not work without a commission and renewals.
That's the plan.
#6 for Mr. Freddoso: the increased insurance liabilities will cause American corporations to take huge first-quarter write-downs: to the tune of $100 million (Deere & Co), $150 million (Caterpillar), even $1 billion (AT&T), with still more to come.
The resulting hits? Employee drug plans, gone. And next: new-hires, gone. Smaller companies? They'll fold.
And this is going to happen right down the line, in every state, in every community, in mine, in yours.
Surprise, surprise.