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!
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?
This guy is starting to make me miss Jimmy Carter.
If what we’ve been hearing is true, that is, that some or most of these policies wer not profitable, then how likely is the insurance company to re-offer those policies amid all the other chaos? Or if they do, at what premium price?
Business does not like uncertainty. Yet Obamacare has generated uncertainty at levels never seen before.
But then, what does Obama know about business?
So then if the insurance companies decide that this is just not worth the trouble and decide not to reinstate the insured and resurrect the canceled policies then will the Obama administration try to place the blame on them? "We said you could keep your policies if you liked them but the greedy insurance companies said 'no'."
Further, Obama, Clinton, Landrieu, Feinstein, Hagan and all the other so-called "progressive" regressives who propose a "fix" in order to save political "seats" simply are not being honest themselves about the real problem though:
The problem is that the "fix" just involves more coercive intrusion on the rights of individuals, on intrusion into and distortion of the insurance marketplace, on the future quality and proliferation of health care providers, and the damaging impact that their own regressive and arrogant assumptions is having on real individual American citizens and their families.
Just who do the Clintons, the Obamas, the Landrieus, the Feinsteins and all "progressives"--no matter how good they believe their intentions are--believe they are? That great intellectual freedom fighter, Author of the Declaration of Independence, and former President may have, inadvertently, identified them in the following quotation:
"The mass of mankind has not been born with saddles on their backs, nor a favored few booted and spurred, ready to ride them legitimately." Thomas Jefferson
One other thought: lest the Democrats who laid this oppressive legislation on the nation by their votes now claim that they did it to "help" us and it is just "not working" as they intended, let them consider the words of C. S. Lewis about "moral busybodies" who use the coercive power of government to "do" their good:
"Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience." - C. S. Lewis
The man-child he is asking for the impossible. The insurance companies need to refuse to play the game and dump this right back on the White Hut.
After this whole fiasco implodes, these clowns will announce that the insurance industry has failed and it’s time to go to a single payer system. Didn’t Harry Reid say that was the goal all along?
my concern is that institutions such as pension funds might invest in insurance companies. Obviously this announcement seriously destabilizes insurance companies. Has someone in the WH done the calculus to ensure that the Democrat voter base is unaffected by this destabilization? The potential ramifications are so large that it seems to carry into Cloward Piven...
I thought "The Great Uniter," "The second smartest man in the world" would have everything "fixed" by the end of November!
Win The Future?
Ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha ha !
...when all this finally sinks the insurance industry...
...the bottom will fall out of our 401k's etc...
....FMGWACS....
So let me get this straight. People can be grandfathered into these plans for 1 year. And others will pay 5x the same amount for the same plan. Sounds sustainable to me/s
It’s almost as if there is a second grader in the depths of the White House writing these policies.
This debacle proves the genius of the Founding Fathers. If we obeyed the Constitution instead of twinks like John Roberts and Barry Obongo we wouldn’t be in this mess.
And Obama stickers are quietly being removed from Prius bumpers all across the Monarchy
**just read this on another blog, hilarious
If you are an insurance company and decide to reissue the cancelled policies, can you make these same policies available to others?
It is obvious this will create an even bigger mess at this point...
Yup.
It’s like cleaning up a pile of fresh dog crap by vomiting on it and then trying to wipe the whole thing up with a half-sheet paper towel soaked in cat piss.
The problem now that EVERYONE realizes that Obama is an idiot is that pols in DC on both sides are still trying to play it for political advantage. Forget that, get your best minds together, and figure out how to get rid of Obamacare. Is that asking too much in this time of extreme crisis, with Obama still doing stuff to make it even worse?