Posted on 11/14/2013 10:51:01 AM PST by Cincinatus' Wife
[Big SNIP]
Here's how Robert Laszewksi, an insurance consultant, put it in a note to clients earlier this morning:
This means that the insurance companies have 32 days to reprogram their computer systems for policies, rates, and eligibility, send notices to the policyholders via US Mail, send a very complex letter that describes just what the differences are between specific policies and Obamacare compliant plans, ask the consumer for their decision and give them a reasonable time to make that decision and then enter those decisions back into their systems without creating massive billing, claim payment, and provider eligibility list mistakes.
All by January 1.
There's also worry, among health policy wonks, that allowing people to stay on these plans will be bad for the new insurance marketplaces. Anyone who enrolls in one of these pre-Obamacare plans will be kept in a separate "risk pool," meaning that their premiums are set based on their smaller group. Everyone who buys an Obamacare-compliant plan is put in a different risk pool.
The concern here is that healthier people are more likely to stay in these pre-Obamacare plans; they're probably more okay with a skimpier benefit package. And that could drive up premiums in the new Obamacare markets. A short-term fix, in other words, could become a longer-term problem for the president's health-care law.
"This puts the insurance companies," Laszewski writes, "who have successfully complied with the law, in a hell of a mess."
(Excerpt) Read more at washingtonpost.com ...
This would be a hilarious plot-line in a Mel Brooks political comedy.
Even he couldn’t play a president this stupid.
The snake asked for a ride across and the traveler, being so enthralled by the notion of a talking snake and the riches he might gain, gave him a lift. As soon as they reached the other shore, the snake gave the traveler a fatal bite. As he lay dying, the traveler asked: "why? I gave you a ride across the river." To which the snake answered: "you knew I was a snake."
The insurance industry knew Obama was a snake. They were enthralled by the notion that Obama could line their pockets with this government mandate.
the insurance companies bowed down to him once, because thy thought there’d be easy money and anyway, who wanted to oppose the first Indonesian president?
They’d do it again if they could, but i honestly don’t see how they can.
It is just a Con so Obama can blame the insurance companies for people losing their coverage
If I was an insurance provider right now, I’d be PISSED! Would probably be throwing up my hands at it all.
HHS had three years to try to come up with a workable system and didn’t. Now the private insurance companies (CAPITALISM) will have to scramble to complete all of this in less that two months.......pathetic.
Yep, brought to us by the Clustercrat party.
This is the “trying to get the toothpaste back in the tube” desperation stage.
I think you are exactly right.
All this talk now about "saving your plan" is political cover. They are trying to protect vulnerable Rats and keep Congress from voting to repeal and replace obamacare. The longer this goes on the harder it is to get rid of it.
It is time Valerie fire dumBO.
The president explained that this change is only for individual policyholders who purchase individual policies. This change does not affect group policyholders.
The “fix” is to simply “allow” insurance companies to violate the law for one year. What incentive do they have to do that? What assurance is there that they won’t be penalized for violating “the law of the land”, a/k/a “settled law”?
You can be sure that when the cancellations continue, Obama will put the blame squarely on the insurance companies. Thats what this is all about,
That’s exactly it.
What happened to the LAW that requires 60 days notice to insured about changes in ther plan?
THE COMPANIES SHOULD SIMPLY FLAT OUT INFORM "THE CLUELESS ONE " that what he just decided, all by himself is FREAKIN' IMPOSSIBLE!
They will need at least 6 months!"
He he!
That's been my experience as well. And that doesn't include the time it would take to calculate and develop actuarial pricing matrices, which normally takes weeks.
Very well put.
And because of their lack of morality in the beginning, I hope they lose their ass trying to straighten out the mess the got us into.
And something else. Once a company cancels a policy, a NEW policy has to be started per federal regulation (I think). Since this is only an enforcement voluntary sort of thing insurance companies can do, what stops them from offering the old policies to new customers or anyone who wants them?
How about the House Republicans issue AN ALTERNATIVE to Obamacare. Call it the “40 Million Insured Act”.
It would have two parts.
The first part would be to repeal Obamacare.
The second part would be to allow ALL currently uninsured to enroll in Medicaid.
One year extension with all the blame for non compliance to be planed on the insurance companies.
The next statement fro mac daddy will be I tried but those evil insurance companies are to blame for not doing what I demanded they do - sorry.
The real truth is that I did nothing and only want to save my as* and the he*l with everybody else.
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