Patrick J. Geraghty, chairman and CEO, Blue Cross and Blue Shield of Florida, sounded like a typical Obama shill. This crony capitalism is truly frightening.
Most people seem to think that the insurance industry will be destroyed eventually by Obamacare and we will go into a single payer system--the objective all along.
I have no doubt that we are headed to a single payer system for everyone. We already have single payer for Medicaid (70 million people including those under the CHIPs program) and Medicare (47 million). Obamacare was projected to add 18 million more to Medicaid and with 10,000 people turning 65 every day for the next 20 years, Medicare numbers will double. Obamacare is the last piece of single payer health care.
But the private insurance companies will not be going away. 9 out of every 10 Medicare recipients have supplemental insurance. I can see people getting supplemental insurance to add to their Obamacare insurance. We will have a two tier system, a public and private one similar to what they have in Europe and every other country where they have single payer systems except for Canada and North Korea.
Obamacare is just another entitlement program that will add to the more than $70 trillion in unfunded liabilities. It will cost the taxpayers much more than projected. And it will give the government more control over our lives and the economy.
The Dems will not let Obamacare collapse nor will business, which wants to get decoupled from health care. Obama gave illegally big business a year's delay in paying the fines. The employer mandate could be delayed even further and the Reps will support it.
Put this fully into effect and start cutting back on the 85 billion per month stolen by Yellen and where will the country wind up?
Also companies can drop their employee policies and save that cost while never offering a raise to compensate the employees, just go to the health care insurance exchange is all they have to explain. The Democrat constituents allowed this to happen, and we will all suffer the consequences of unconstitutional legislation.
Well put. The insurance companies have already baked into the cake loss protection cost reimbursements from the government. We the taxpayers will be shoveling money to keep them afloat.
The insurance companies are accomplices in Obamcare. They expect the government to provide them with millions of new customers who will be forced into buying their product.
Patrick J. Geraghty, chairman and CEO, Blue Cross and Blue Shield of Florida, sounded like a typical Obama shill. This crony capitalism is truly frightening.
Most people seem to think that the insurance industry will be destroyed eventually by Obamacare and we will go into a single payer system—the objective all along.
I have no doubt that we are headed to a single payer system for everyone. We already have single payer for Medicaid (70 million people including those under the CHIPs program) and Medicare (47 million). Obamacare was projected to add 18 million more to Medicaid and with 10,000 people turning 65 every day for the next 20 years, Medicare numbers will double. Obamacare is the last piece of single payer health care.
But the private insurance companies will not be going away. 9 out of every 10 Medicare recipients have supplemental insurance. I can see people getting supplemental insurance to add to their Obamacare insurance. We will have a two tier system, a public and private one similar to what they have in Europe and every other country where they have single payer systems except for Canada and North Korea.
Obamacare is just another entitlement program that will add to the more than $70 trillion in unfunded liabilities. It will cost the taxpayers much more than projected. And it will give the government more control over our lives and the economy.
The Dems will not let Obamacare collapse nor will business, which wants to get decoupled from health care. Obama gave illegally big business a year’s delay in paying the fines. The employer mandate could be delayed even further and the Reps will support it.
Not an unlikely strategy. O wants single payer and any version of it will work for him
I was told the insurance companies helped write Obamacare. They stand to make tons of money from it as premiums increase while deductibles and co-pays go sky high. They take in more money and pay out less. Thanks Obama. Making rich insurance companies richer. Where have I heard of that type of croney capitalism before?