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Government Takeover: White House Forces Obamacare Insurers To Cover Unpaid Patients At A Loss
Forbes ^ | 12/14/13 | Avik Roy

Posted on 12/14/2013 6:42:25 AM PST by bigcat32

Of all of the last-minute delays, website bungles, and Presidential whims that have marred the roll-out of Obamacare’s subsidized insurance exchanges, what happened on Thursday, December 12 will stand as one of the most lawless acts yet committed by this administration.

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


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: criminalintent; cronysocialism; fascism; healthcare; healthinsurance; insurance; obama; obamacare; theft
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To: bigcat32

“HHS says it may throw otherwise qualified health plans off of the exchanges next year if they don’t comply with the government’s “requests.”

These exchanges will only attract sick people who qualify for subsidies. This will soon become very high risk pool. The insurance companies will do all they can to restrict access and deny coverage, but I doubt there will be any money left over, so many insurance companies will simply drop out on their own.

Bail-outs for insurance companies will be a tough sell to the public especially when these companies will be accused of withholding coverage for treatment. The smart companies are staying away from this pile of dog doo.


41 posted on 12/14/2013 8:11:56 AM PST by grumpygresh (Democrats delenda est. New US economy: Fascism on top, Socialism on the bottom.)
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To: Mike Darancette

“So, more people kicked off of their plans? Ingenious.”

You just can make this stuff up. The idea is that the beatings will continue until morale improves. Classic totalitarianism.


42 posted on 12/14/2013 8:14:57 AM PST by grumpygresh (Democrats delenda est. New US economy: Fascism on top, Socialism on the bottom.)
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To: Red Steel

Insurance companies will raise rates to cover the extraordinary costs to extraordinary levels.


Recall the “guard rails” — the insurance companies will be reimbursed 90% of the losses (that are more than 8% of expected) for the first 3 years ... so the President has just directed taxpayer funds be spent without authorization by a bill originating in the House.

“Stroke of the pen, law of the land ... kinda cool.”


43 posted on 12/14/2013 8:20:21 AM PST by Mack the knife
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To: bigcat32
What the insurance companies should do is what several groups of groups of people in the USSR did when Stalin took control of their farms. The members of the village or farm voted on what action to take. The actions they voted to take was to slaughter their livestock and burn their crops rather that turning them over to Stalin. For this action, they were killed, but in the end they would have been killed anyway, but they died on their feet fighting. not on their knees in a slave camp begging on their knees for a morsel of food while being starved and worked to death.

Every insurance company in the United States should immediately liquidate their assets and close up. But they won't. Why? Because they like the free cheese in the Government's rattrap. The Agents of the Government know this and also know that they can eliminate them at their leisure.

44 posted on 12/14/2013 8:21:48 AM PST by sport
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To: MNGal

Maybe they are being intimidated like everyone else


45 posted on 12/14/2013 8:25:58 AM PST by Scotswife
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To: MNGal

BINGO!! But the Low Info voter thinks that the Government is sticking it to the “Evil” Insurance companies.


46 posted on 12/14/2013 8:29:45 AM PST by Hyman Roth
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To: GreyFriar
This is chutzpah!! Is there still a chance this law ... correction, tax ... can be repealed?
47 posted on 12/14/2013 8:30:58 AM PST by NYer ("The wise man is the one who can save his soul. - St. Nimatullah Al-Hardini)
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To: AMDG&BVMH

I think it is a perfect trap. It’s being repealed via Executive Action. We can argue that the law is moot and repeal it via legislation, once we have both Houses.

I’d like to see it undone and some innovations passed that would encourage more competition:

1. pricing transparency

2. national purchasing rights

3. let individuals get the same tax discount that businesses get

4. Commerce Clause enforcement. If Wickard proves that everything is in commerce, then why are local, county and state governments allowed to interfere in the medical/healthcare market with restrictive licensing, permitting and regulation? (for this one we need a conservative POTUS, but the top three can be done via Congress)

What do you think of that?


48 posted on 12/14/2013 8:32:42 AM PST by 1010RD (First, Do No Harm)
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To: 1010RD
Good afternoon.

If Wickard [ Wickard v. Filburn ]proves that everything is in commerce, then why are local, county and state governments allowed to interfere in the medical/healthcare market with restrictive licensing, permitting and regulation?

"What do you think of that?"

You're not a bad stalker.

;^)

5.56mm

49 posted on 12/14/2013 8:40:16 AM PST by M Kehoe
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To: M Kehoe

Thank you. I try. Practice makes perfect. ;-]


50 posted on 12/14/2013 8:52:22 AM PST by 1010RD (First, Do No Harm)
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To: 1010RD

“We can argue that the law is moot”

HA! How can they claim otherwise when they are busy dismantling the “law of the land” by executive orders, exemptions, talking points, and regulations??

I would like to see o care in a graphic — a puzzle, with all the pieces missing because they are not there at all [such as the payment system], are working only sub-standard (such as the back end to the insurers and the web-site which they should NOT be operating without security!), waived, postponed, retracted by order or regulation, etc.

That would show to the naked eye what if anything of the law IS operating AS legislated.

Yes, other options. One reason the insurance system got so convoluted is precisely that businesses could take the deduction, and individuals cannot. THAT needs to go. Either no one gets the deduction, or everyone does.

More MSAs, catastrophic insurance, etc.


51 posted on 12/14/2013 9:04:08 AM PST by AMDG&BVMH
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To: sport

I know some liberals who have money stashed and pretend they’re poor. The husband is getting life extending treatment at hospitals that are left out of the exchanges and will no longer accept medicaid. It’ll be hard not to laugh when they realize Palin was right about the death panels.


52 posted on 12/14/2013 9:05:20 AM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: MNGal

The insurance companies were coconspirators from the get go.

Meanwhile, we have been harping about the website for months now. That was a rope a dope to divert our attention. The real issue is there is no insurance, either one cannot pay for their insurance or with the deductables there is almost no insurance if one actually gets on. The loser GOP is figuring the thing will fall apart under its own weight. What is being dismissed is it cannot fall apart because Obongo has put the entire federal treasury and its borrowing authority behind making it work even if he has to BK the US further. The most resent example is his illegal promise to make the insurance companies whole. Wow, this is like playing poker against a card shark with someone saying regardless of how much you lose, I will reimburse you plus pay you to play.


53 posted on 12/14/2013 9:07:09 AM PST by Mouton (The insurrection laws perpetuate what we have for a government now.)
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To: Mack the knife

If the republicans would stand up and scream that what he’s doing is illegal, maybe the insurance companies would stand up and yell “Go to hell, obama!”


54 posted on 12/14/2013 9:07:30 AM PST by VerySadAmerican (".....Barrack, and the horse Mohammed rode in on.")
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To: bigcat32

Democrats = communists! The ghost of Hugo Chavez has taken possession of Obama’s body!


55 posted on 12/14/2013 9:11:35 AM PST by grundle
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To: VerySadAmerican

Knowing that I will get to hear them when they weep and shed bitter tears is what keeps me going.


56 posted on 12/14/2013 9:13:37 AM PST by sport
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To: AMDG&BVMH
Brilliant. I'd like to help develop and support an urban TEA Party group - one that would reach out to urban [minority] communities with basic ideas about liberty and poverty.


57 posted on 12/14/2013 9:26:04 AM PST by 1010RD (First, Do No Harm)
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To: bigcat32

How is this different than a “special agent” with the Federal Department of Eating walking into a restaurant and telling the management that the four tables on the left and the two along the back wall couldn’t be charged for their meals.

The very “special agent” then tells management that they can raise the price to other diners to make up for the loss. “But,” the “special agent” goes on to say, “I really would not advise you to do that.”

If an individual does not have the “right” to take something from a fellow citizen, neither does the government have that “right.”


58 posted on 12/14/2013 9:31:10 AM PST by RobinOfKingston (Democrats--the party of Evil. Republicans--the party of Stupid.)
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To: bigcat32

The only way the government can afford to bail out the insurance companies, and thereby pay every American’s medical costs, is to raise taxes by an extraordinary amount — something that Congress would never agree to.

So, under ObamaCare, either the insurance companies will go bankrupt alone because their premiums are not sufficient to cover doctors and hospital services, or, if the government chooses to bail out the insurance companies without raising taxes, both the government and the insurance companies will go bankrupt together because the government won’t be able to cover bailing out the insurance companies.

The alternative to these horrors is simply repealing ObamaCare. However, Harry Reid will never allow that to happen until the situation is so dire he’ll have no alternative. So, it’s once more unto the breach, Republicans, but not yet.


59 posted on 12/14/2013 9:38:56 AM PST by Bluestocking
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To: McGruff

Yes, all I see is the Obama admin stoking the backlash by using more lawless decrees to cover up this mess. I think they are past the point of responsible compromise which could buy them more time in the court of public opinion.


60 posted on 12/14/2013 9:44:55 AM PST by ghost of nixon
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