- Sep 19, 2011
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Health insurance companies are amplifying their warnings about the financial sustainability of the ObamaCare marketplaces as they seek approval for premium increases next year.
Insurers say they are losing money on their ObamaCare plans at a rapid rate, and some have begun to talk about dropping out of the marketplaces altogether.
Something has to give,” said Larry Levitt, an expert on the health law at the Kaiser Family Foundation. “Either insurers will drop out or insurers will raise premiums.”
Insurers warn losses from ObamaCare are unsustainable
Like the architect for Obamacare,Massachusetts Institute of Technology Professor Jonathan Gruber appears on a panel and discusses how the reform earned enough votes to pass.
He suggested that many lawmakers and voters didn't know what was in the law or how its financing worked, and that this helped it win approval.
"Lack of transparency is a huge political advantage,” Gruber said. "And basically, call it the stupidity of the American voter or whatever, but basically that was really, really critical for the thing to pass."
Gruber made the comment while discussing how the law was "written in a tortured way" to avoid a bad score from the Congressional Budget Office. He suggested that voters would have rejected ObamaCare if the penalties for going without health insurance were interpreted as taxes, either by budget analysts or the public.
While analysts expect the market to stabilize once premiums rise and more young, healthy people sign up, some observers have not ruled out the possibility of a collapse of the market, known in insurance parlance as a “death spiral.”
ObamaCare architect: 'Stupidity' of voters helped bill pass
And those of us smart enough to know THERE NEVER WERE 46 million uninsured which was the FIRST gigantic LIE that was told by Obama that "pre-existing conditions" being outlawed WOULD mean higher premiums.
Also the hope that those uninsured young healthy people would sign up is so stupid because they never needed it!
The fact that there were really less then 4 million that wanted and needed health insurance should have been the simple easiest way of providing this coverage!
The solution: The Uninsured Health Insurance Co. UHIC.
Never heard of it? No one else has because I've made it up!
Simply tax lawyers $270 billion a year 10% JUST AS ACA TAXED TANNING SALONS.. and this 10% tax would be lowered WHEN the $850 billion a year in truly wasted health expenses known as defensive medicine i.e. FEAR of LAWSUITS lowers.
Insurance companies pay this $850 billion in claims because they simply raise the premiums.
By making tort reform for ALL physicians and not just Federally contracted physicians i.e. Fed doctors can't be sued... so then make all physicians have some limitation of frivolous lawsuits that cause the $850 billion a year.
Take the $27 billion in tax revenue and it pays a $5,000 per person premium for each of the
4 million that when they go to the hospital they are means tested and then the uninsured are signed up with UHIC and all the claims sent to UHIC and paid by the $27 billion tax.
The same hospital would also be paying a premium for these Uninsured so they don't do as this CEO said...when asked "How do hospitals deal with the cost of the uninsured? His answer" Like any business, we pass it on to the paying customers.
They pass it on in the form of billing insurance companies and those that pay!
In this way the truly 4 million uninsured would be covered. $850 billion in wasted health care costs, i.e. defensive medicine would be reduced and guess what ALL health insurance premiums MUST by state laws be reduced!!!
Insurers say they are losing money on their ObamaCare plans at a rapid rate, and some have begun to talk about dropping out of the marketplaces altogether.
Something has to give,” said Larry Levitt, an expert on the health law at the Kaiser Family Foundation. “Either insurers will drop out or insurers will raise premiums.”
Insurers warn losses from ObamaCare are unsustainable
Like the architect for Obamacare,Massachusetts Institute of Technology Professor Jonathan Gruber appears on a panel and discusses how the reform earned enough votes to pass.
He suggested that many lawmakers and voters didn't know what was in the law or how its financing worked, and that this helped it win approval.
"Lack of transparency is a huge political advantage,” Gruber said. "And basically, call it the stupidity of the American voter or whatever, but basically that was really, really critical for the thing to pass."
Gruber made the comment while discussing how the law was "written in a tortured way" to avoid a bad score from the Congressional Budget Office. He suggested that voters would have rejected ObamaCare if the penalties for going without health insurance were interpreted as taxes, either by budget analysts or the public.
While analysts expect the market to stabilize once premiums rise and more young, healthy people sign up, some observers have not ruled out the possibility of a collapse of the market, known in insurance parlance as a “death spiral.”
ObamaCare architect: 'Stupidity' of voters helped bill pass
And those of us smart enough to know THERE NEVER WERE 46 million uninsured which was the FIRST gigantic LIE that was told by Obama that "pre-existing conditions" being outlawed WOULD mean higher premiums.
Also the hope that those uninsured young healthy people would sign up is so stupid because they never needed it!
The fact that there were really less then 4 million that wanted and needed health insurance should have been the simple easiest way of providing this coverage!
The solution: The Uninsured Health Insurance Co. UHIC.
Never heard of it? No one else has because I've made it up!
Simply tax lawyers $270 billion a year 10% JUST AS ACA TAXED TANNING SALONS.. and this 10% tax would be lowered WHEN the $850 billion a year in truly wasted health expenses known as defensive medicine i.e. FEAR of LAWSUITS lowers.
Insurance companies pay this $850 billion in claims because they simply raise the premiums.
By making tort reform for ALL physicians and not just Federally contracted physicians i.e. Fed doctors can't be sued... so then make all physicians have some limitation of frivolous lawsuits that cause the $850 billion a year.
Take the $27 billion in tax revenue and it pays a $5,000 per person premium for each of the
4 million that when they go to the hospital they are means tested and then the uninsured are signed up with UHIC and all the claims sent to UHIC and paid by the $27 billion tax.
The same hospital would also be paying a premium for these Uninsured so they don't do as this CEO said...when asked "How do hospitals deal with the cost of the uninsured? His answer" Like any business, we pass it on to the paying customers.
They pass it on in the form of billing insurance companies and those that pay!
In this way the truly 4 million uninsured would be covered. $850 billion in wasted health care costs, i.e. defensive medicine would be reduced and guess what ALL health insurance premiums MUST by state laws be reduced!!!
