Another ObamaCare "Waiver"

Discussion in 'Healthcare/Insurance/Govt Healthcare' started by boedicca, Oct 14, 2010.

  1. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    ObamaCare is now being modified to allow for increased premiums for sick children:

    The Obama administration, aiming to encourage health insurance companies to offer child-only policies, said Wednesday that they could charge higher premiums for coverage of children with serious medical problems, if state law allowed it.

    Earlier this year, major insurers, faced with an unprofitable business, stopped issuing new child-only policies. They said that the Obama administration’s interpretation of the new health care law would allow families to buy such coverage at the last minute, when children became ill and were headed to the hospital.

    In September, the administration said that insurers could establish open-enrollment periods — for example, one month a year — during which they would accept all children.

    Now, on Wednesday, the administration, answering a question raised by many insurers, said they could charge higher premiums to sick children outside the open-enrollment period, if state laws allowed such underwriting, as many do.

    Insurers “can adjust their rates based on health status until 2014, to the extent state law allows,” said Jay Angoff, director of the Office of Consumer Information and Insurance Oversight at the Department of Health and Human Services. ...


    http://www.nytimes.com/2010/10/14/health/policy/14health.html


    As time goes by, it's becoming apparently evident that all ObamaCare has done is to instill an extremely expensive new bureaucratic web at the federal level that will bend the cost curve upward.
     
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  2. Revere
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    They really did not think it would be evident what a failure this was this soon.

    If the costs are higher than promised now, what the hell will change by 2014?
     
  3. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    They got caught by their CBO scoring game.

    In order to make the numbers work, they had to defer most benefits for four years while collecting taxes for ten. As this discrepancy became more visible, they threw a few sops to the public to increase and provide benefits to some.

    All this does is drive up the costs for everyone when they are not receiving any benefit.
     
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  4. AquaAthena
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    AquaAthena INTJ/ INFJ

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    True on the CBO analysis. The rest of it has been in their plan all along, in my opinion. The objective, to run all insurance companies out of business, and private business out of affording insurance. The free market industry grinds to a halt and we have a new world order and leader. Then we become slaves to their power and control.
     
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  5. Greenbeard
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    Greenbeard Gold Member

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    What exactly do you think is being waived here? This is a clarification of existing federal law, not an exemption to it.
     
  6. Spoonman
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    Spoonman Gold Member

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    It created a license to add cost. Now they have a vehicle to attach increases to. All along they will be calling it enhancements to the national healthcare reform bill. Bottom line it's increased costs for you and me.
     
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  7. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    What happened to Obama's promise that prices wouldn't go up?

    They are allowing significant (and economically justified) rate increases of precisely the sort they claimed would not be allowed.

    Get read for more.
     
  8. Revere
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    That's called making shit up as they go along.

    See, government can tell you ANYTHING is, or is not, in those regulations, and what the hell are you going to do about it?
     
  9. Spoonman
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    Spoonman Gold Member

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    But that only balances the field for a few years. After that they will have to generate new revenue to cover the costs. Increased taxes, greater debt are the resources they will have at hand. This thing, even with front loading revenue still can't be afforded.
     
  10. boedicca
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    boedicca Uppity Water Nymph Supporting Member

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    They are counting on having cashed out prior to the Ponzi Scheme coming undone. That's the way it is with these types of programs - the pain is always passed along to future generations to handle. Where the Obamanoids made a fatal error in their calculus is that the economy is so fragile, there is not enough growth to conceal the scam, hence it is being outed very quickly.
     

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