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The Bomb Buried In Obamacare Explodes Today-Hallelujah! - Forbes
[ame=http://www.youtube.com/watch?v=17lkdqoLt44]The Gap Band - You Dropped A Bomb On Me - YouTube[/ame]
This is the true bomb contained in Obamacare and the one item that will have more impact on the future of how medical care is paid for in this country than anything weve seen in quite some time. Indeed, it is this aspect of the law that represents the true death panel found in Obamacarebut not one that is going to lead to the death of American consumers. Rather, the medical loss ratio will, ultimately, lead to the death of large parts of the private, for-profit health insurance industry.
Why? Because there is absolutely no way for-profit health insurers are going to be able to learn how to get by and still make a profit while being forced to spend at least 80 percent of their receipts providing their customers with the coverage for which they paid. If they could, we likely would never have seen the extraordinary efforts made by these companies to avoid paying benefits to their customers at the very moment they need it the most.
Today, that bomb goes off.
Today, the Department of Health & Human Services issues the rules of what insurer expenditures willand will notqualify as a medical expense for purposes of meeting the requirement.
[ame=http://www.youtube.com/watch?v=17lkdqoLt44]The Gap Band - You Dropped A Bomb On Me - YouTube[/ame]