Posted on 01/13/2014 9:28:30 AM PST by Evil Slayer
Robert Laszewski—a prominent consultant to health insurance companies—recently wrote in a remarkably candid blog post that, while Obamacare is almost certain to cause insurance costs to skyrocket even higher than it already has, “insurers won’t be losing a lot of sleep over it.” How can this be? Because insurance companies won’t bear the cost of their own losses—at least not more than about a quarter of them. The other three-quarters will be borne by American taxpayers.
For some reason, President Obama hasn’t talked about this particular feature of his signature legislation. Indeed, it’s bad enough that Obamacare is projected by the Congressional Budget Office to funnel $1,071,000,000,000.00 (that’s $1.071 trillion) over the next decade (2014 to 2023) from American taxpayers, through Washington, to health insurance companies. It’s even worse that Obamacare is trying to coerce Americans into buying those same insurers’ product (although there are escape routes). It’s almost unbelievable that it will also subsidize those same insurers’ losses.
(Excerpt) Read more at weeklystandard.com ...
All of them. Just like the drug companies
Yes, but how many lanes did Christie’s staff close on a New Jersey bridge for a week?
But, I don't want to debate all that. I just want to point out that we implicitly endorse the system by participating in it. People who participate should quit complaining about it. Those who really want to change the system should quit participating. If there are people who want to participate and complain, well, they should probably see a doctor for help with that conflict.
The goverment way. Break something it had no legal authority to delve into. Then fix it which makes it worse. Our founders knew plenty.
So is the bailout figured into the cost of O’rino care?
How unbelieveable? Obama is a corporatist, a “soft fascist.” Mussolini without the jingoism and the uniform.
In other words, this is single payer by stealth
Yes, fifty years ago, you would be dead right now. On the other hand, the best heart medical treatment available fifty years ago would have cost nowhere near $500,000, probably on the order of maybe $30,000 in 1964 dollars, $200,000 in today’s dollars. Since then medicine has become an industry, where everyone involved expects to make a lot of money , even if if that is not their only or even prime motive for going into the field. Federal money has become an expected and major supplier of funding, and insurance companies have gotten very fat on it as well. Something of the same dynamic has happened in higher education. College presidents used to be scholars; now they are fund raisers.
Never forget that AARP signed onto this mess. They basically sold out HMO members. They did this to pimp for the insurance companies who sell their medigap policies thru AARP. AARP will make a cool billion dollars over the next ten years. I’ll never have anything to do with them.
“Seventy, eighty years? Is it really all that better now?”
can’t say about 78 but it sure is at 76!
If we don’t bail them out, the companies will collapse and usher in the single payer system.
This is a killer issue for the GOP created by the Left with Obamacare. The insurance industry is nominally supported by republicans, but the public’s appetite for bailouts just isn’t there. It’s all part of the Left’s grand plan to kill insurers and usher in single payer.
My plan too.
Any advice on which company to victimize if bad stuff happens?
Any company that played along. Anyone involved in creating the fustercluck.
Did you ever get the sense that no matter how this sham of Obamacare is exposed it won’t make one iotta of difference with the overall agenda of this administration.....except for news agencies gleaning a story for their followers and politicians getting face time?
No, I have more of this sort of sense:
That it is 1935, in Germany, and my last name is Goldstein.
In this one, liberal dem "little folk" should be pretty disgusted. They'll probably really be surprised that the goal of Obamacare was to help RINOs further enrich insurance companies.
Ted Cruz's message just might resonate with a whole lot of voters in 2016.
Why should I tear up my Medicare Part A card? I was forced to pay a Medicare tax when I worked to help pay for hospital costs now that I’m over 65. What I don’t have to tear up, because I never got them, is Medicare Part A or the pharmaceutical program for seniors.
Since insurance on the exchanges is a cost plus proposition costs are bound to go up.
I think hypochondriacs should be in their own pool (definitely not mine).
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