So insurance companies will lose 10 days time value of money and have to pay for services for 10 days on an account receivable that may not ever come in. And, again a so-called passed law is modified at the whim of an unelected group.
We already know that NOBODY who signed up on the Federal ObamaCare website has yet made a payment since NO such payment system has even been set up there.
The first part is going to happen for sure. If I had signed up and was about to drop a check in the mail; I’ve just put it aside for three weeks and will mail it in on the 7th or so.
The second part will definitely *not* happen. The insurance companies will accept the claims from docs and hospitals and pharmacies from 01/01/14 to 01/10/14 and hold them in suspense. If the premium never gets paid by the perp (I mean, “enrollee”); then neither do the docs, hospitals and pharmacies get paid by the victim (I mean “insurance company”).
They’ve just treated those folks for free. Hope those poor saps keep good records. Maybe they can send a bill to the newly re-uninsured patients. Maybe it will get paid in the same way the premium got paid.
Good for you, AMA. If you like the tyranny, you have to accept all of it. You don’t get to pick and choose. Eat it.