ALEC & For-Profit Health Industry Embrace GOP Bill Despite Opposition from Doctors & Nurses

[Disir]

And again, I just want to emphasize that insurance companies, in so many ways, are the big winners of the bill. They receive specialized tax cuts, because the Affordable Care Act financed itself with a special tax on the health insurance industry at large. The Affordable Care Act had a limitation on tax deductions for health insurance CEOs and other executives. That gets rolled back, as well as the other taxes. And as you were talking about earlier in the program, this Republican proposal allows a greater level of age discrimination, so you’re going to see elderly Americans paying more than $10,000 a year in higher premiums. At the same time, if you look at how that kind of affects the health insurance market, the Republican proposal encourages younger, healthier people to enter the health insurance market, at the same time they’re pushing older, sicker Americans out of the market. So that can stabilize costs and boost profits for insurers. So, if you look just down the line, whether it’s the regulatory changes or the tax changes or even the conversion of the individual mandate—instead of the government collecting a fee when people go without health insurance, now health insurance companies can charge a surcharge of 30 percent on people’s premiums if they lose healthcare and then try to get health insurance again from going uninsured. So, health insurance companies are the big winners. And they’re not only lobbying, but they’re providing a lot of campaign fundraising support for Republicans pushing this plan.
ALEC & For-Profit Health Industry Embrace GOP Bill Despite Opposition from Doctors & Nurses | Democracy Now!

What purpose do insurance companies serve? Democrats are all up with profiting from the same people. Which is mentioned, finally, at the end of this.

 

[dblack]

And again, I just want to emphasize that insurance companies, in so many ways, are the big winners of the bill. They receive specialized tax cuts, because the Affordable Care Act financed itself with a special tax on the health insurance industry at large. The Affordable Care Act had a limitation on tax deductions for health insurance CEOs and other executives. That gets rolled back, as well as the other taxes. And as you were talking about earlier in the program, this Republican proposal allows a greater level of age discrimination, so you’re going to see elderly Americans paying more than $10,000 a year in higher premiums. At the same time, if you look at how that kind of affects the health insurance market, the Republican proposal encourages younger, healthier people to enter the health insurance market, at the same time they’re pushing older, sicker Americans out of the market. So that can stabilize costs and boost profits for insurers. So, if you look just down the line, whether it’s the regulatory changes or the tax changes or even the conversion of the individual mandate—instead of the government collecting a fee when people go without health insurance, now health insurance companies can charge a surcharge of 30 percent on people’s premiums if they lose healthcare and then try to get health insurance again from going uninsured. So, health insurance companies are the big winners. And they’re not only lobbying, but they’re providing a lot of campaign fundraising support for Republicans pushing this plan.
ALEC & For-Profit Health Industry Embrace GOP Bill Despite Opposition from Doctors & Nurses | Democracy Now!

What purpose do insurance companies serve? Democrats are all up with profiting from the same people. Which is mentioned, finally, at the end of this.

And Trumpcare funnels even more money to the insurance industry. We're getting fleeced by Jimmy Kimmel.