Chris Wallace: “...Jerry Seib (sp?) was speculating about what the reaction was going to be from America’s insurance companies, and the answer is VERY NEGATIVE”
America’s Health Insurance Plans (the trade association for health insurance companies) put out a statement:
“Changing the rules after health plans have already met the requirements of the law, ObamaCare, could destabilze the market and result in higher premiums for consumers. Premiums have already been set for next year, based on assumptions on when consumers will be transitioning to the new marketplace.
If now fewer, younger and healthier people chose to purchase coverage in the exchanges, premiums will increase and there will be fewer choices for consumers.”
The whole actuarial table is disrupted.
Questions: In the last few days, hasn’t the WH consulted with healthcare insurers about Obama’s ObamaCare fix?
NOT!!!!
This is like bringing a contractor a new set of plans once a week after he has started building a house. The first week it’s a sprawling ranch style. The next week it’s a Miami art-deco three story. The week after that it’s a New England Victorian style house and the lumber yard is closed six days a week and brings the wrong materials when it is open. All the while BamBam says “bring it in under cost and ahead of schedule.”