The way I see it, Obama made it illegal to offer a policy that did not cover everything that his did. So my ex's policy became illegal because it wasn't "good" enough.
I wondered why all these insurance companies did not see this coming and fight it. Why would they be willing to lose all this money by canceled policies which means no more premiums? Then I realized that they are the same companies on the exchanges, only charging MORE than they did before, hence their silence.
Do I have this right?
Not only that, but Obamacare guarantees they win even if they lose (if the insurance companies are having trouble collecting premiums, or not enough people sign up, or they have to pay out too much in claims due to sick policyholders, the "risk corridor" provision ensures the taxpayers will bail them out). No need to feel sorry for the insurance companies. They got exactly what they wanted.
You can blame the insurance companies for this mess. That’s what Obama and our politicians want you to do.
I think the insurance companies saw plan A and plan B. Plan B was single-payer, and their entire empire would dissolve with it. Same with HMOs, hospitals, drug companies, etc. So, stick with loser plan A.
So, here’s the entire game...come July...there’s going to be the next release of rates for the new year of 2015. With so few signed up....the general expectation is the rate will go up by twenty percent or more.
Your peers, neighbors and friends...are fairly hostile now with the high deductible ($5k to $7k) and the monthly insurance cost of $700-$1200. Figure another $150 a month minimum for 2015.
How many folks will add this up and realize that they are contributing $14,000 a year between the deductible and monthly cost? I’d take a guess that ten million with insurance this year....will leave by 1 January 2015 because of the incredible rate issue.
But wait....the avalanche isn’t over...that group will trigger the July 2015 rate examination....to go up another $150 for January of 2016. So, there’s probably another ten to fifteen million who will quit then.
By the end of the President’s eight years...there will be twice as many without health insurance....as the day he walked into office, and our media will stand there....wondering what this whole gimmick was about and how to explain that we need to FIX the whole thing over again.
You will sit there and ask yourself...with all the gimmicks of Fix version 1.....what will be the deal for health care fix version 2? Yes, the real game has yet to start....that’s the sad part about this story.