Somebody gotta pay for all that free stuff.
Why should an insurance company get a state monopoly ever. Allow interstate competition per the original intent of the Commerce Clause.
And in the government’s usual manner of screwing things up even further, there will probably be a Fred Kinnan solution proposed to this problem.
Hey, didn’t President Zero promise that Obamacare would lower health premiums?
Emblem Health/HIP is going for a 40% increase.
Going for the kill before Obamacare kicks in?
The only plans they should be working on is how to file for bankruptcy, as the government forces them to provide more and more services that eventually no one will be able to pay for, and the government itself will take over the business.....
I’ll tell you where this headed—the employers are going to stop paying for health care and let the workers find their own insurance. They will gladly pay the government fine and still be saving money. But I tell you what will happen after that starts to happens—the government fines will go up big-time.
Has anybody noticed that with the facist 80%/20% (Payouts/Overhead ratio) fascist rule in Obamacare, wouldn’t the insurance companies react by simply raising policy premium rates so they “fit” within the Obama 80/20 rule, given their fixed amount of overhead?
They could generously offer fractionally more benefits to their insured policy holders so that the 80% payout is in a perfect ratio with their overhead amount.
For example, suppose their ratio was 79%/21% ...
Their revenue from premiums is, say 100 units (e.g. a million dollars), so if they raised their rates, and hence their revenues, to 104 units, with the extra “4” unit of revenues would all go to increased “generous” payouts for new items covered.
So on a “unit’s basis, they’d have 83 units vs 21 units, which is essentially a 80%—20% ratio. Voila! Now they’re in compliance with the heavy-handed Obamacare gestapo AND they get to keep their bloated administrative staff levels of their choosing. However, those paying insurance rates get even more screwed.
Another tragic side-effect of government tinkering in the free markets.
that bumpersticker on my car gets me the finger at least once a week...
or it might be the “trillion is the new billion”(with Barry’s logo)