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Obama Cabinet Secretary: 'The Private Market is in a Death Spiral'
CNSNews ^

Posted on 02/29/2012 10:19:34 AM PST by Sub-Driver

Obama Cabinet Secretary: 'The Private Market is in a Death Spiral' By Fred Lucas February 29, 2012

(CNSNews.com) – Health and Human Services Secretary Kathleen Sebelius told the House Ways and Means Committee on Tuesday that the days of private health insurance are coming to an end in the United States.

“The private market is in a death spiral,” Sebelius said, contending this would be the case whether or not President Barack Obama's health care law had been enacted.

At the Ways and Means hearing, Rep. Peter Roskam (R-Ill.) asked Sebelius about the administration’s assurances that people who liked their current health insurance plan would be able to keep it under the new law.

“How about when the president said you can keep your health care coverage, if you like it?” Roskam said. “And yet, the reality is, according to Bloomberg (News) at least, 9 percent fewer businesses are offering medical coverage than in 2010. There the rhetoric didn’t meet the reality, did it?”

Sebelius did not contest the numbers.

“Well again, congressman, what you’re seeing, it wouldn’t have mattered if we had passed the Affordable Care Act or not,” she said. “The private market is in a death spiral.”

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


TOPICS: Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: democrats; govtabuse; liberalfascism; obama; obamacare; socialistdemocrats; socialisthealthcare; waronliberty
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To: Sub-Driver

She may have been referring to the individual issue marketplace, as opposed to group plans. Individual issue has been in a death spiral for a long period of time. Althoug medical costs are the prime culprit, government hasn’t helped with interference in the market at both ends (mandates regarding covered services and underwriting, and increasingly successful efforts by insureds to compel coverage that insurers attempt to deny). All this has driven up premiums and deductibles so high that anyone who can get group coverage will, and many people with good health will roll the dice and forgo coverage — leaving only sicker people to buy coverage.


21 posted on 02/29/2012 10:50:16 AM PST by only1percent
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To: jersey117

What’s even more chilling is that I ‘rattled those off’ on the fly for purposes of posting.


22 posted on 02/29/2012 10:54:56 AM PST by FedsRStealingOurCountryFromUs
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To: Sub-Driver

It would be fine without all of the new mandates they are implemented to kill it off....


23 posted on 02/29/2012 10:58:52 AM PST by chris_bdba
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To: Vendome

All it needs is the “beer looter guy” in the background....


24 posted on 02/29/2012 11:00:19 AM PST by Grumpybutt (When it gets too much, turn it all off and turn to God - for only HE has the real plan.)
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To: Grumpybutt

Some did that before....

LOL


25 posted on 02/29/2012 11:02:56 AM PST by Vendome (Don't take life so seriously, you won't live through it anyway)
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To: rbg81

The ‘coverage until age 26’ clause was just another tactic to ensure the youth vote for 0bama.


26 posted on 02/29/2012 11:04:24 AM PST by FedsRStealingOurCountryFromUs
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To: goodnesswins

——YEAH...the government KILLED it, you evil b*(tch-——

May she spend her later years in a Cuban hospital.

OK, I can’t even wish that on her.


27 posted on 02/29/2012 11:06:19 AM PST by St_Thomas_Aquinas (Viva Christo Rey!)
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To: St_Thomas_Aquinas
May she spend her later years in a Cuban hospital.

She doesn't give a crap. She is exempt from obamacare. They put in a nice little exemption clause for themselves (congress).

28 posted on 02/29/2012 11:09:17 AM PST by jersey117 (The Stepford Media should be sued for malpractice)
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To: FedsRStealingOurCountryFromUs

Make Sillybus bird pin into a Hammer and Sickle please.

Perfect.


29 posted on 02/29/2012 11:15:32 AM PST by Gasshog (going to get what all those libs asked for, but its not what they expected.)
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To: Gasshog
Amazingly, it's been done already. LOL


30 posted on 02/29/2012 11:30:16 AM PST by FedsRStealingOurCountryFromUs
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To: Sub-Driver
“How about when the president said you can keep your health care coverage, if you like it?”

And notice she didn't answer the question.

Another huge O-bomb-a lie which no one on the socialist team can defend.

31 posted on 02/29/2012 11:37:28 AM PST by what's up
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To: FedsRStealingOurCountryFromUs

Excuse: “Guns are going from USA to Mexico”
Change: Gun control

Excuse: “State govts. are passing voter ID laws and immigration enforcement laws”
Change: DOJ takes control

Excuse: “Companies moving to right-to-work states costs union jobs”
Change: Force them to stay in union states via NLRB


32 posted on 02/29/2012 11:38:18 AM PST by ding_dong_daddy_from_dumas (Fool me once, shame on you -- twice, shame on me -- 100 times, it's U. S. immigration policy.)
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To: FedsRStealingOurCountryFromUs
Anyone care to add to my “Excuses for CHANGE” list?

Nope, that list alone is enough to make me head out for several stiff drinks.

Oh, wait, now there's another one: Excuse: Public drunkeness caused by Obama plans. CHANGE: mandatory chipping of all people because they MIGHT drink.

33 posted on 02/29/2012 11:41:56 AM PST by Ancesthntr (Bibi to Odumbo: Its not going to happen.)
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To: Sub-Driver

Well when your government is strangling the life out of you, you tend to die....


34 posted on 02/29/2012 11:43:13 AM PST by Tzimisce (Never forget that the American Revolution began when the British tried to disarm the colonists.)
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To: csmusaret

“I think she is the spawn of Dr Kevorkian.”

Close — she is the daughter of John Gilligan, former RAT-Lib-Socialist governor of Ohio who instituted the state income tax — thanks a lot, Jack.


35 posted on 02/29/2012 11:54:41 AM PST by Polyxene (Out of the depths I have cried to Thee, O Lord; Lord, hear my voice.)
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To: Sub-Driver

The private market is in a death spiral. by design, brought to you by the United States Government.


36 posted on 02/29/2012 12:54:06 PM PST by GrouchoTex (...and ye shall know the Truth and the Truth shall set you free....)
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To: Sub-Driver

“Health and Human Services Secretary Kathleen Sebelius told the House Ways and Means Committee on Tuesday that the days of private health insurance are coming to an end in the United States.”

Be afraid. Be very afraid. Then fight!


37 posted on 02/29/2012 12:58:13 PM PST by trappedincanuckistan (livefreeordietryin)
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To: ding_dong_daddy_from_dumas

Your first one is on my list but those others are keepers. You just reminded me that the DOJ replaced many of Sheriff Joe’s officers with Feds BECAUSE OF ARPAIO’S ELIGIBILITY INVESTIGATION.. Talk about strong-arming, and probably attempting to gain access to Joe’s computer files. Hopefully, Arpaio is one step ahead.


38 posted on 02/29/2012 1:40:48 PM PST by FedsRStealingOurCountryFromUs
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