HHS: Bailing out Obamacare insurers an “obligation” of the federal government

HHS: Bailing out Obamacare insurers an ‘obligation’ of the federal government


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HHS: Bailing out Obamacare insurers an ‘obligation’ of the federal government
Washtington Examiner ^ | 20 Nov 15 | Philip Klein

Posted on 11/21/2015 4:19:33 AM PST by SkyPilot

The Department of Health and Human Services attempted to reassure private insurers on Thursday that they’ll be able to recover losses from participating in Obamacare by claiming it was an “obligation” of the U.S. government to bail them out.

At issue is a provision within the law known as the risk corridors program. Under the program, which runs from 2014 through 2016, the federal government is to collect money from health insurers doing better than expected and use those funds to provide a federal backstop to other insurers who incur larger than expected losses from rising medical claims. The idea was to provide training wheels to insurers in the first years of Obamacare’s implementation, and to take away any incentive for insurers to cherry pick only the healthiest customers.

Republicans, fearing that this could turn into an open-ended government bailout in the event of industry-wide losses, included a provision in last year’s spending bill that limited the program, requiring HHS to pay out only from the pool of money collected, rather than supplementing it with other sources of government funding. President Obama signed that bill.

Now that insurers have been able to look at medical claims, what they’ve found is that enrollees in Obamacare are disproportionately sicker, and losses are piling up. For the 2014 benefit year, insurers losing more than expected asked for $2.87 billion in government payments through the risk corridors program, but HHS only collected $362 million from insurers performing better than expected. Thus, the funds available to the federal government only amounts to 12.6 percent of what insurers argue that they’re owed. So insurers are not happy.

(Excerpt) Read more at washingtonexaminer.com


TOPICS: Constitution/Conservatism; Extended News; Government; News/Current Events
KEYWORDS: bailout; healthcare; insurance; obamacare; unexpected


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And now the industry lobbying group America’s Health Insurance Plans — which happens to be helmed by Marilyn Tavenner, who previously oversaw the implementation of Obamacare as head of the Centers for Medicare and Medicaid Services — is aggressively fighting for more money.

The insurers backed ObamaCare!! So did AARP.

The CEOs of the largest for-profit health insurance corporations stood to gain huge financial windfalls from a law that would require Americans to buy coverage from them. Wall Street made Billions on this whole scam.

And now, when they “discover” that ObamaCare’s “enrollees” are deadbeats and abusers of the healthcare system, they want a “bailout.”

1 posted on 11/21/2015 4:19:33 AM PST by SkyPilot

To: SkyPilot

It was going to bend the cost curve back and save the deficit?

2 posted on 11/21/2015 4:22:31 AM PST by scooby321

To: SkyPilot

I notice the government calls it an obligation which they think delaying payment more than a year is no big deal.

With this uncertainty, I wonder if the health insurers are claiming this as an Accts Receivable.

If so, they are all opening themselves up to share holder lawsuits and criminal penalties of fraud. The CEOs of these companies may be going to jail for 10 years, thanks to Obama.

 

3 posted on 11/21/2015 4:25:14 AM PST by dila813

To: SkyPilot

Then let the politicians and government employees in the “federal government” bail their Obamacare scam out with their own money. Stop wasting taxpayer dollars on freeloaders!

 

4 posted on 11/21/2015 4:25:24 AM PST by FlingWingFlyer (#blackfridaysmatter)

To: SkyPilot

Of course, Congress could modify the law to fix the problem. I’m sure they’ll be happy to help Obama.

 


To: SkyPilot

This is where we have Obama over a barrel. The GOP should require Obama and the Democrats to agree to offsetting permanent domestic spending cuts in return for one year of extra Obamacare cash. Begin with zeroing out funding for Planned Parenthood and Americorps, then move on to other cherished Democratic programs.

 


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7 posted on 11/21/2015 4:37:35 AM PST by DJ MacWoW (The Fed Gov is not one ring to rule them all)

To: FlingWingFlyer

I wish writers/reporters would replace the word “federal government” with “taxpayers”.

It’s as if the “federal government” has some kind of money tree and we have nothing to do with it.

So just like the bank bailouts, we again have companies that are too big to fail that taxpayers have to prop up.

 

8 posted on 11/21/2015 4:39:24 AM PST by randita

To: SkyPilot

This is simply shocking. Who could have possibly anticipated that the losses would be this high and the program would not be self sustaining?

ANSWER: 100% of the Freepers who paid even the slightest bit of attention to this piece of Obama Garbage when it was being developed, passed by Congress and implemented.

 


To: DJ MacWoW

10 posted on 11/21/2015 4:43:46 AM PST by SkyPilot (“I am the way and the truth and the life. No one comes to the Father except through me.” John 14:6)

To: SkyPilot

The insurers backed ObamaCare!!

It kept their revenue streams intact over the last few years – which is extremely long-term thinking by the standards of today’s executive management teams.

Now, they need to come up with the next scam. They’ll call up a few of the Senators they own and have them get right on it. 🙂

11 posted on 11/21/2015 4:44:32 AM PST by Mr. Jeeves ([CTRL]-[GALT]-[DELETE])

To: SkyPilot

Paid protesters. Everything about this “transparent” administration is smoke and mirrors….

 


To: SkyPilot

The Department of Health and Human Services attempted to reassure private insurers on Thursday that they’ll be able to recover losses from participating in Obamacare by claiming it was an “obligation” of the U.S. government to bail them out.

Then let the Department of Health and Human Services bail out these insurance companies out of its own operating budget. The agency will last about 18 months before it closes down after laying off all its employees.

13 posted on 11/21/2015 4:51:31 AM PST by Alberta’s Child (“It doesn’t work for me. I gotta have more cowbell!”)

To: randita

It’s as if the “federal government†has some kind of money tree and we have nothing to do with it.

We don’t as far as most politicians and govt workers are concerned. I tell my sons that pols and govt workers work from the premise that all monies, do in fact, belong to the govt and they graciously allow us to keep some.

I really believe they think this way. Just talk to any fireman or cop or any other govt worker. Getting paid by the govt has become an entitlement.

14 posted on 11/21/2015 4:52:14 AM PST by raybbr (Obamacare needs a deatha panel)

To: SkyPilot

Whoa. People should reread that third paragraph in the excerpt.

The GOP Congress managed to successfully sneak a poison pill into Obamacare last year.

 


To: SkyPilot

Send the bill to John Roberts

Congress passed the Affordable Care Act to improve health insurance markets, not destroy them

 


To: SkyPilot

The failure mechanism of the free market is essential to the maintain the optimum use of finite capital. Recall how fervently the left scolds us about “sustainability”. Yet, as we see in this case, very few leftist schemes are ever economically sustainable.

Leftists would also scold us about “ecosystems”, and always praise nature as the perfect example of how a “sustainable” system operates. What is the example here? It is like an old-growth forest where one of the giant oaks can no longer keep functioning. It dies and soon decay sets in. In a few years a strong wind topples it. As it lays on the ground, a vast new army of bacteria, microbes and insects set upon its giant corpse, reclaiming its chemical assets and converting them into new life for other organisms. It is upon these reclaimed chemical assets that new trees compete to replace the giant that died.

This is also how the free market works. It was best observed and documented by economist Joseph Schumpeter who coined the phrase “creative destruction”. The forest is “sustainable” when trees that no longer can make efficient use of the resources die and have those asset reclaimed by others who use them more efficient use of them. A very similar mechanism keeps the economy healthy and growing.

We do want the economy to grow don’t we?

Now where government can destroy economic sustainability is where it provides money to failing enterprises. When failure is forbidden, success becomes far more difficult.

This is doubly true when government subsidizes failing corporations by creating money out of thin air, mainly via creation of debt that it forces the market to accept.

One of the roots of our ailing economy at this very moment is the vast quantity of money that government is creating out of thin air. Near-infinite money buys near-infinite government. It used to be that the main limit on the size and power of the federal government was that taxpayers would only send so much of their incomes to Washington. Now that government has given itself the power to create all the money it needs, this limit is moot.

When the states call an Article V convention to consider amendments to the Constitution, the first order of business must be to devise ways to limit the amount of money the government can spend. This is a more important limit than limits on taxes or limits on borrowing. We cannot have a healthy and growing economy until we can stop it from thwarting the very mechanism that ensure our economy is sustainable.

 


To: SkyPilot

   Under the program, which runs from 2014 through 2016, the federal government is to collect money from health insurers doing better than expected and use those funds to provide a federal backstop to other insurers who incur larger than expected losses from rising medical claims.  From each according to his ability, to each according to his need – it’s so brilliant!! (no – not really)

18 posted on 11/21/2015 4:56:53 AM PST by Maurice Tift (Never wear anything that panics the cat. — P.J. O’Rourke)

To: SkyPilot

There is a simple difference between capitalism and socialism. With capitalism, successful businesses are rewarded, sometimes richly, for their successes, and are destroyed for their failures. With socialism, profits are awarded regardless of the successes or failures of business decisions.

Though somewhat tattered and torn, the business model for the government of the US is still capitalism. It’s time for the companies that hitched their wagons to the socialist horses of Obamacare to follow them into the abyss.

19 posted on 11/21/2015 4:57:15 AM PST by norwaypinesavage (The Stone Age did not end because we ran out of stones)

To: SkyPilot

Remember the golden rule of government on all levels….”Once mentioned it will become law sooner or later.”

This statement is 100% sure to happen. Check out liberal history.

 

20 posted on 11/21/2015 4:59:42 AM PST by DH (Once the tainted finger of government touches anything the rot begins)

To: theBuckwheat

Good post, but let’s keep in mind that there’s no “free market” in medical insurance.

The failure mechanism of the free market only works when you have a transaction conducted with a buyer and a seller. When you introduce a third party into the transaction to pay for the product or service, you end up with a complete disaster … because you now have a buyer who doesn’t care how much the product or service costs (he’s not paying for it) and a “seller” (the third party) who doesn’t care about the quality (because they don’t have to live with the consequences).

21 posted on 11/21/2015 5:01:07 AM PST by Alberta’s Child (“It doesn’t work for me. I gotta have more cowbell!”)

To: InterceptPoint

QUESTION Who could have possibly anticipated that the losses would be this high and the program would not be self sustaining? ANSWER: 100% of the Freepers who paid even the slightest bit of attention to this piece of Obama Garbage when it was being developed, passed by Congress and implemented.

Such as all those townhallers who were silenced and disdained by the all-knowing Democraps.

22 posted on 11/21/2015 5:04:46 AM PST by Liz (SAFE PLACE? A liberal’s mind. Nothing’s there. Nothing can penetrate it.)

To: SkyPilot

Too big to flail.

 

23 posted on 11/21/2015 5:05:33 AM PST by moovova

To: All

Obamacare is a sitting president’s blunder of Ceausescu-esque proportions. In Obama’s feeble mind, the ACA was not about healthcare.

Far from it.

The conniving Obama calculated the ACA to consolidate Democrat power that was supposed to install a permanent Dumbocrat majority. So much for that ding-dong idea….b/c 30 lockstepping Dumbocrats who voted for it were ousted in the 2014 Democrat Demolition Derby. Several retired knowing they could not be reelected.

As far back as 2008, at the presidential debate in Nashville, Democrat candidate Obama advanced his signature plan that was ultimately enacted (by an historic straight Democrat party-line vote) into the “Affordable Care Act:”

QUOTING OBAMA: “No. 1, let me just repeat, if you’ve got a health care plan that you like, you can keep it. All I’m going to do is help you to lower the premiums on it. You’ll still have choice of doctor.â€

Repeated over and over by every loyal Democrat—- conning Americans into believing they’d be saving $2500.00 on healthcare costs.

========================================================

LOCK-STEPPING DEMOCRATS WEIGH IN
PARTY LOYALTY NOT SEEN SINCE 1930-40’s ERA EUROPE
.

SEN. HARRY REID (D-Nev.): “In fact, one of our core principles is that if you like the health care you have, you can keep it.†(Sen. Reid, Congressional Record, S.8642, 8/3/09)

SEN. RICHARD DURBIN: “We believe — and we stand by this — if you like your current health insurance plan, you will be able to keep it, plain and simple, straightforward.†(Sen. Durbin, Congressional Record, S.6401, 6/10/09)

SEN. CHUCK SCHUMER (D-NY): “If you like your insurance, you keep it.†(U.S. Senate, Finance Committee, Bill Mark-Up, 9/29/09)

SEN. PATTY MURRAY (D-Wash.): “Again, if you like what you have, you will be able to keep it. Let me say this again: If you like what you have, when our legislation is passed and signed by the President, you will be able to keep it.†(Sen. Murray, Congressional Record, S.6400, 6/10/09)

SEN. MAX BAUCUS (D-Mont.): “That is why one of the central promises of health care reform has been and is: If you like what you have, you can keep it. That is critically important. If a person has a plan, and he or she likes it, he or she can keep it.†(Sen. Baucus, Congressional Record, S.7676, 9/29/10)

SEN. TOM HARKIN (D-Iowa): “One of the things we put in the health care bill when we designed it was the protection for consumers to keep the plan they have if they like it; thus, the term ‘grandfathered plans.’ If you have a plan you like — existing policies — you can keep them. … we said, if you like a plan, you get to keep it, and you can grandfather it in.†(Sen. Harkin, Congressional Record, S.7675-6, 9/29/10)

THEN-REP. TAMMY BALDWIN (D-Wis.): “Under the bill, if you like the insurance you have now, you may keep it and it will improve.†(Rep. Baldwin, Press Release, 3/18/10)

SEN. MARK BEGICH (D-Alaska): “If you got a doctor now, you got a medical professional you want, you get to keep that. If you have an insurance program or a health care policy you want of ideas, make sure you keep it. That you can keep who you want.†(Sen. Begich, Townhall Event, 7/27/09)

SEN. MICHAEL BENNET (D-Colo.): “We should begin with a basic principle: if you have coverage and you like it, you can keep it. If you have your doctor, and you like him or her, you should be able to keep them as well. We will not take that choice away from you.†(Sen. Bennet, Press Release, 6/11/09)

SEN. BARBARA BOXER (D-Calif.): “So we Democrats want people to be able to keep the health care they have. And the answer to that is choice of plans. And in the exchange, we’re going to have lots of different plans, and people will be able to keep the health care coverage they need and they want.†(Sen. Boxer, Press Release, 2/8/11)

SEN. SHERROD BROWN (D-Ohio): “Our Democrat bill says if you have health insurance and you like it, you can keep it…â€(Sen. Brown, Congressional Record, S.12612, 12/7/09)

SEN. BEN CARDIN (D-Md.): “For the people of Maryland, this bill will provide a rational way in which they can maintain their existing coverage…†(Sen. Cardin, Congressional Record, S.13798, 12/23/09)

SEN. BOB CASEY (D-Pa.): “I also believe this Democrat legislation and the bill we are going to send to President Obama this fall will also have secure choices. If you like what you have, you like the plan you have, you can keep it. It is not going to change.†(Sen. Casey, Congressional Record, S.8070, 7/24/09)

SEN. KAY HAGAN (D-N.C.): ‘People who have insurance they’re happy with can keep it’ “We need to support the private insurance industry so that people who have insurance they’re happy with can keep it while also providing a backstop option for people without access to affordable coverage.†(“Republicans Vent As Other Compromise Plans Get Aired,†National Journal’s Congress Daily, 6/18/09)

SEN. MARY LANDRIEU (D-La.): “If you like the insurance that you have, you’ll be able to keep it.†(MSNBC’s Hardball, 12/16/09)

SEN. PAT LEAHY (D-Vt.): “[I]f you like the insurance you now have, keep the insurance you have.†(CNN’s “Newsroom,†10/22/09)

SEN. BOB MENENDEZ (D-N.J.): “If you like what you have, you get to keep it†“Menendez is a member of the Senate Finance Committee, which is expected to release a bill later this week. He stressed that consumers who are satisfied with their plans won’t have to change. ‘If you like what you have, you get to keep it,’ he said.†(“Health Care Plan Would Help N.J., Menendez Says,†The Record, 6/19/09)

SEN. JEFF MERKLEY (D-Oreg.): “[E]nsuring that those who like their insurance get to keep it†“The HELP Committee bill sets forward a historic Democrat plan that will, for the first time in American history, give every American access to affordable health coverage, reduce costs, and increase choice, while ensuring that those who like their insurance get to keep it.†(Sen. Merkley, Press Release, 7/15/09)

SEN. BARBARA MIKULSKI (D-Md.): “It means that if you like the insurance you have now, you can keep it.†(Sen. Mikulski, Press Release, 12/24/09)

SEN. JAY ROCKEFELLER (D-W.Va.): “I want people to know, the President’s promise that if you like the coverage you have today you can keep it is a pledge we intend to keep.†(U.S. Senate, Finance Committee, Hearing, 9/23/09)

SEN. JACK REED (D-R.I.): “If you like the insurance you have, you can choose to keep it.†(Sen. Reed, Town Hall Event, 6/25/09)

SEN. BERNIE SANDERS (I-Vt.): “‘If you have coverage you like, you can keep it,’ says Sen. Sanders.†(“Sick And Wrong,†Rolling Stone, 4/5/10)

SEN. JEANNE SHAHEEN (D-N.H.): ‘if you have health coverage that you like, you get to keep it’ “My understanding … is that … if you have health coverage that you like you can keep it. As I said, you may have missed my remarks at the beginning of the call, but one of the things I that I said as a requirement that I have for supporting a Democrat bill is that if you have health coverage that you like you should be able to keep that. …under every scenario that I’ve seen, if you have health coverage that you like, you get to keep it.†(Sen. Shaheen, “Health Care Questions From Across New Hampshire,†Accessed 11/13/13)

SEN. DEBBIE STABENOW (D-Mich.): “As someone who has a large number of large employers in my state, one of the things I appreciate about the Democrat chairman’s remark is — is the grandfathering provisions, the fact that the people in my state, 60 percent of whom have insurance, are going to be able to keep it. And Mr. Chairman, I appreciate that. That’s a strong commitment. It’s clear in the bill … I appreciate the strong commitment on your part and the president to make sure that if you have your insurance you can keep it. That’s the bottom line for me.†(U.S. Senate, Finance Committee, Bill Mark-Up, 9/24/09)

SEN. JON TESTER (D-Mont.): “‘If you like your coverage, you’ll be able to keep it,’ Tester said, adding that if Medicare changes, it will only become strongerâ€. (“Tester In Baker To Discuss Health Care,†The Fallon County Times, 11/20/09)

SEN. TOM UDALL (D-N.Mex.): “Some worried reform would alter their current coverage. It won’t. If you like your current plan, you can keep it.†(“What I Learned: About Health Care Reform This Summer, By Your Lawmakers In Congress,†Albuquerque Journal, 9/8/09)

SEN. SHELDON WHITEHOUSE (D-R.I.): “..it honors President Obama’s programs and the promise of all of the Presidential candidates that if you like the plan you have, you get to keep it. You are not forced out of anything.†(Sen. Whitehouse, Congressional Record, S.8668, 8/3/09)

Sen. Al Franken (D-Minn.) the 60th vote on Obamacare: “people who are happy with their current plan, wouldn’t need to change it.”
FRANKEN YOUTUBE SOUND BITE http://www.youtube.com/watch?v=UCZmAYYNz8Ihttp://www.youtube.com/watch?v=UCZmAYYNz8I

24 posted on 11/21/2015 5:13:35 AM PST by Liz (SAFE PLACE? A liberal’s mind. Nothing’s there. Nothing can penetrate it.)

To: Rockingham

“The GOP should require Obama and the Democrats to agree to offsetting permanent domestic spending cuts in return for one year of extra Obamacare cash…”

HELL NO!

That’s the kind of deals that never go away. Once ANY government action is started IT BECOMES PERMANENT!

Rules are rules and laws are laws. Once written they must be obeyed without exceptions.

Allow Obamacare to fall on it’s ass and the people will finally open their eyes and revolt! Obamacare was solely designed to appease the left and now look at it……

 

25 posted on 11/21/2015 5:13:36 AM PST by DH (Once the tainted finger of government touches anything the rot begins)

To: All

Pelosi was orgasmic at the O/Care signing. (Ut, oh. Harry’s hands are not visible.)

The Obamacare atrocity was a cunning vehicle for
consolidating Dummycrat power. Dems cashed-in bigtime.

(A) Michelle’s buddy—botched the billion dollar web site rollout—still doesn’t work.

(B) Harry Reid’s $4 billion “accidental” payment to Landrieu is a clue to how the straight party-line vote got this atrocity passed.

(C) A multi-billion dollar slush fund—the Untraceable $8 Billion ObamaCare PR Budget—truly govt fraud at its finest.

Egged on by Pelosi, no one in Congress told Americans about Section 4002—which mandates an $8B untraceable fund to “promote” Obamacare (apparently b/c Boobamba had so little confidence in his signature legislation).

In 2010 Taxpayers are extorted $500 million, in 2011, $750 million, 2012, $1 billion, 2013, $1.25 billion, 2014, $1.5 billion and in 2015 and on, $2 billion……..

26 posted on 11/21/2015 5:14:16 AM PST by Liz (SAFE PLACE? A liberal’s mind. Nothing’s there. Nothing can penetrate it.)

To: SkyPilot

No, just NO. No more tax payer bailouts of failing, ill-advised big government programs.

 

27 posted on 11/21/2015 5:21:39 AM PST by mtrott

To: SkyPilot

“Republicans, fearing that this could turn into an open-ended government bailout”

Na. You really think so? Where would anyone get the idea that the Federal Government would actually take taxpayer money and give it to private companies?
That is the sort of thing that happens with a Socialist or Fascist or totalitarian government. Especially in Banana Republics, but never in a Constitutional Republic.
But wait……………………………………..

 

28 posted on 11/21/2015 5:22:28 AM PST by Tupelo (Honest men go to Washington, but honest men do not stay in Washington.)

To: SkyPilot

So the law says you must buy health insurance from these ‘providers’ or get fined.

The government assures the providers that if they lose money the taxpayers will make them whole.

This is a twisted form of single-payer IMO… a very poorly thought out single-payer system.

We have had a poorly thought out form of universal healthcare in the US for some time.. it was medicaid, medicare and the rules that anyone that shows up at an emergency room MUST be treated even if they cannot pay.

Then Obamacare comes along and makes the ill-conceived universal healthcare system we already had even worse by adding countless rules, regulations and fines.

Obamacare is a way to tax people who cannot afford to buy health insurance.

This mess all needs to be replaced by something better!

We shall always have some form of universal health care in the country…. we have had it for too long and there is no way to go back. It just needs to be less of a disaster than it is now. Maybe Trump can concoct something less bad?

 

29 posted on 11/21/2015 5:23:46 AM PST by Bobalu (Even if I could take off, I could never get past the tractor beam!)

To: Liz

You go to a sporting business to buy fishing lures.
You go to a sporting business to buy hunting lures.

You go to the government to get hooked on money lures.

 

30 posted on 11/21/2015 5:25:49 AM PST by DH (Once the tainted finger of government touches anything the rot begins)

To: tanknetter

Whoa. People should reread that third paragraph in the excerpt. The GOP Congress managed to successfully sneak a poison pill into Obamacare last year.

Republicans, fearing that this could turn into an open-ended government bailout in the event of industry-wide losses, included a provision in last year’s spending bill that limited the program, requiring HHS to pay out only from the pool of money collected, rather than supplementing it with other sources of government funding. President Obama signed that bill.

There a few conservative Congressmen and Senators who are responsible for that. Obama signed the budget agreement because his strategy is to just keep passing Executive Orders, and when he runs out of money, to force the GOP to cave in – as they seemingly always do.

But you are correct – because of that budget provision, we see the Dept of HHS pitching a tantrum, which this article hightlights.

31 posted on 11/21/2015 5:27:57 AM PST by SkyPilot (“I am the way and the truth and the life. No one comes to the Father except through me.” John 14:6)

To: SkyPilot

I think it was mainly Rubio who managed to insert the poison-pill.

If only he wasn’t an amnesty pimp :-/

 

32 posted on 11/21/2015 5:30:51 AM PST by Bobalu (Even if I could take off, I could never get past the tractor beam!)

To: SkyPilot

At issue is a provision within the law known as the risk corridors program.

Give me liberty or give me the risk corridors program!

I don’t know if the Founders are laughing or crying.

33 posted on 11/21/2015 5:34:32 AM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7H)

To: Bobalu

We have had a poorly thought out form of universal healthcare in the US for some time.. it was medicaid, medicare and the rules that anyone that shows up at an emergency room MUST be treated even if they cannot pay.

Exactly.

When I was a kid, my father had a employee insurance plan that covered some things, but we went to our family doctor for most medical issues. Most everything was handled in his office, even the time I needed 10 stitches in my arm. I still remember my mother writing out the checks in the doctor’s office.

But those costs, while high, were not astronomical.

Today, we have hundreds of thousands of people employed (and profiting) as “middle men” in the health care industry. Cost are massively excessive. Fraud (due to billing the Federal government) is truly incredible to behold. Just as tuition went through the roof when the Federal government guaranteed Trillion in student loans, our health care has become unaffordable because the government is involved.

Almost every medical procedure you can imagine, from knee surgery to treatment for a skin ailment, follows the trend of the chart below:

The Illegal Invaders place a huge burden on the system as well, and they do nothing to contribute to it. We all pay for that, in both terrible service and increased premiums.

34 posted on 11/21/2015 5:37:06 AM PST by SkyPilot (“I am the way and the truth and the life. No one comes to the Father except through me.” John 14:6)

To: randita

I wish writers/reporters would replace the word “federal government†with “taxpayersâ€.

It*s up to us. The Democrat media sure as hell won*t.

And BTW, I recommend *Democrat media* over *lamestream* or *leftist.* It makes the issue understandable to the lofos, and there is no rhetorical comeback.

35 posted on 11/21/2015 5:37:36 AM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7H)

To: SkyPilot

The Demcrats OWN this monster! They passed it to find out what was in it and told their voters they would take care of them; a huge lie, or at best amateurish stupidity.
There should be blood to pay, if not financial then at least political.

First, before Republicans even consider increasing this mess Obama, Reid, and Pelosi will have to publicly admit they were wrong and are totally responsible for the mess they have created. In the meantime let the insurers fail. They supported the Democrats and they should pay for their poor judgement too. Let those who are caught in the Democrats trap continue to pay the TAX (are are you listening John Roberts?) the ACA PLACES on them – or the huge deductibles now coming to pass in the ACA market.

When the Dems ask for help use this as an opportunity to create a form of catastrophic insurance for the needy and a Medicare plan to cover the high costs of end-of-life care… and also remove illegal immigrants from any form of taxpayer supported healthcare.

 


To: SkyPilot

unexpected+drink bump

 

37 posted on 11/21/2015 5:40:06 AM PST by SteveH

To: SkyPilot

Republicans, fearing that this could turn into an open-ended government bailout in the event of industry-wide losses, included a provision in last year’s spending bill that limited the program, requiring HHS to pay out only from the pool of money collected, rather than supplementing it with other sources of government funding. President Obama signed that bill.

HHS will supplement it with other sources of government funding.

38 posted on 11/21/2015 5:41:21 AM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7H)

To: Liz

39 posted on 11/21/2015 5:41:22 AM PST by SkyPilot (“I am the way and the truth and the life. No one comes to the Father except through me.” John 14:6)

To: Rock N Jones

Send the bill to John Roberts

Roll it into a tube first.

40 posted on 11/21/2015 5:42:34 AM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7H)

To: DJ MacWoW

If it’s a picture of Michael Moore, it should say “FOOD…SHOULD BE FREE”

 

41 posted on 11/21/2015 5:44:35 AM PST by COBOL2Java (I’ll vote for Jeb when Terri Schiavo endorses him.)

To: SkyPilot

I remember watching live on C-SPAN back in 2010 (I believe) when Sen Baucus was clearly smashed out drunk on the Senate floor

That*s awesome. I don*t remember that. Yeah, it must have been tough to advocate Obamacare while sober.

42 posted on 11/21/2015 5:45:46 AM PST by St_Thomas_Aquinas ( Isaiah 22:22, Matthew 16:19, Revelation 3:7H)

To: theBuckwheat

One of the roots of our ailing economy at this very moment is the vast quantity of money that government is creating out of thin air.

True. And that has also led to our vastly overinflated markets. If they collapse bigtime, there will be blood on the walls.

43 posted on 11/21/2015 5:45:56 AM PST by SkyPilot (“I am the way and the truth and the life. No one comes to the Father except through me.” John 14:6)

To: Rock N Jones

44 posted on 11/21/2015 5:47:52 AM PST by SkyPilot (“I am the way and the truth and the life. No one comes to the Father except through me.” John 14:6)

To: SkyPilot

Now that insurers have been able to look at medical claims, what they’ve found is that enrollees in Obamacare are disproportionately sicker, and losses are piling up.

They’re shocked, shocked I tells ya!

45 posted on 11/21/2015 5:48:59 AM PST by COBOL2Java (I’ll vote for Jeb when Terri Schiavo endorses him.)

To: proxy_user

Let me run a fact by folks that some will not like. Americans are so fat now that many could not get an individual health insurance policy. Back in 78 I wrote health insurance for Mutual of Omaha. A younger female came by our office three months in a row trying to get a policy with even a 50% rate increase due to her weight. She was 5’3” and over 210 lbs. I showed her the underwriting guide that clearly stated she had to be under 202 lbs. to get coverage. Three times she failed. I can state that most nurses I saw in Vanderbilt’s ER would fail and not have insurance if they were not on group insurance.

 

46 posted on 11/21/2015 5:49:53 AM PST by Lumper20 ( clown in Chief has own Gov employees Gestapo)

To: St_Thomas_Aquinas

47 posted on 11/21/2015 5:51:42 AM PST by SkyPilot (“I am the way and the truth and the life. No one comes to the Father except through me.” John 14:6)

To: SkyPilot

He could not get a private policy either. Why is he on Gov Employees insurance? Why are senators and Congressmen? They are not Gov Employees.

 

48 posted on 11/21/2015 5:53:34 AM PST by Lumper20 ( clown in Chief has own Gov employees Gestapo)

To: SkyPilot

——Wall Street made Billions on this whole scam.——

You have confused me with your statements. The thrust of the piece is that the health insurers over all did not fare well. In fact the reported loss is 2.508 billion. (2.87- .362) Those that did well predicting the risk had 362 million taken back.

It would seem that all the insurors either broke even or lost money.

That being so, who on Wall Street made billions? It doesn’t seem to be the insurors.

 

49 posted on 11/21/2015 5:56:40 AM PST by bert ((K.E.; N.P.; GOPc.;+12, 73, ….carson is the kinder gentler trumping.)

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