Lake Erie Conservative

thoughtful discussion(s) about issue(s)

Posts Tagged ‘insurance company’

… Why am i not Surprised ?!?! [#abortion coverage]…

Posted by paulfromwloh on Friday,December 2nd,2016

.. the ObamaCraps got caught …

.. and it is as if they could not give a damn that they did …

.. the debate over the ObamaCrapCare bill was heated . The final vote in the House was close . Promises were made to pro – life DemoCraps [many of them Blue Dog Dems] to vote for the final bill . …. Well …

.. [h/t — m.NationalReview.com]..
.. [link] to the GAO report ….

.. the ObamaCraps lied , as usual …

.. the abortion ” coverage ” in ObamaCrapCare was supposed to be accounted for and billed for , separately . It has not been . The GAO has performed a thorough investigation , and has written a comprehensive report on the subject . HHS has not held the states , the exchanges , and the insurers to account ….

.. it is as if H.H.S. could not give a damn ….

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… Bombs Away [#Green Mountain Care]…

Posted by paulfromwloh on Saturday,April 23rd,2016

.. those dummies in Vermont would not listen .

.. now , they are about to pay a huge , I repeat , HUGE , price for their version of ObamaCrapCare …

.. [h/t — m.NationalReview.com]..
.. [link] to the article …

.. they are facing stark reality right in the face . Now , can the Vermont GOP and the business community make those idiots face up to it …

.. Vermont is a small state . Its politics make the People ‘ s Republic of Taxachusettes look moderate by comparison …

.. Vermont is a state with only 675,000 people . They want to implement a single – payer system instead of ObamaCrapCare . Except , they have a problem …

.. Vermont ‘ s general fund budget is only $1.4 billion , per year . The amount of the tax increase [all taxes included] would amount to nearly $2.1 billion . Yikes !! …

.. are you guys nuts ?!?! …

.. the DemoCraps in Vermont ‘ s legislature may just enact something like this . I would bet that the ObamaCraps would give them the waivers to implement Green Mountain Care , if they are willing to pay for it . The big question is , are they nuts ?!?! …

.. Vermont is nuts , but not that nuts . The backlash from something like this would be something to see . Either businesses and people will flee the state [west to New York , or east to New Hampshire , or even south to you-know-where] , or they will rise up and force a change in  the state ‘ s politics . The GOP is not in  the best of shape ,  but it is not that weak …

.. — [update] — I really wonder about the Green Mountain state ‘ s politics … Can the people up there be that stupid and fiscally irresponsible to continue to elect DemoCraps to state office and the legislature . Then , those morons construct this colossal mess …

.. I wonder ?? …

.. — [update]  — well , Green Mountain Care bit the dust . The Vermont Legislature [& Gov. Peter Shumlin] had a sobering encounter with fiscal reality . Ironically , it was Vermont that tried this [Bernie  Sanders’ own home state] , and got badly burned . Maybe the DummyCraps just might learn from this . Probably not ..

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… We knew that ObamaCrapCare was a Fraud …

Posted by paulfromwloh on Monday,January 27th,2014

.. but just not this bad .

.. so far , from the enrollees , the great mass that are enrolling in ObamaCrapCare are coming from the private market . Only 12% of them are actually uninsured . Which is a significant problem .

.. The idea of ObamaCrapCare is to cover the uninsured . What it has been doing , however , has been to totally screw up the regular insurance markets . It has also called into question how many people are actually uninsured , and how those numbers are being measured . Where that hits is that if these folks are not enrolling , is why ? The law ‘ s official name is the Affordable Care Act . if the insurance is in fact unaffordable …

.. [h/t — HotAir]

.. [link] to the post [and the interview]

Aetna CEO: We might have to pull out of ObamaCare because it’s not attracting uninsured

One of the nation’s biggest health insurers is worried enough about a scenario in which it would have to pull out of Obamacare exchanges that its CEO is willing to talk about the possibility on national TV from Davos. It may be partly a signal to the administration to get this train moving, but it’s no doubt also a reckoning with reality. Obamacare is not attracting the uninsured, and if the administration would stop changing the rules long enough for insurers to get a handle on who is in the exchange population, they’d no doubt find that population is far more sick and expensive than it was supposed to be.

Aetna CEO Mark Bertolini told CNBC on Wednesday that Obamacare has failed to attract the uninsured, and he offered a scenario in which the insurance company could be forced to pull out of program.

The company will be submitting Obamacare rates for 2015 on May 15.

“Are they going to be double-digit [increases] or are we going to get beat up because they’re double-digit or are we just going to have to pull out of the program?” Bertolini asked in a “Squawk Box” interview from the World Economic Forum in Davos, Switzerland. “Those questions can’t be answered until we see the population we have today. And we really don’t have a good view on that.”

He said that so far, Obamacare has just shifted people who were insured in the individual market to the public exchanges where they could get a better deal on a subsidy for coverage. “We see only 11 percent of the population is actually people that were firmly uninsured that are now insured. So [it] didn’t really eat into the uninsured population.”

For Obamacare to work better, it needs more flexibility and choice of insurance programs, Bertolini said. “We need to make it a lot more simpler for people. There needs to be more choice. When you get more choice, you make it more of a market and you get more people in the program.”

Bertolini’s comments illustrate the bind the insurance industry is in—and, yes, they jumped in with Obama on this deal expecting a bunch of people to be forced to buy their product. Obamacare has failed in such a way as to force them to raise rates dramatically. If they raise rates dramatically, the very administration that needs them to stick with the program will be calling them bad apple patent medicine salesmen because vilifying them will be the only hope for politically extricating itself from its policy failure, at least temporarily. And, in the meantime, the industry can’t even get a handle on who is in the exchanges because the administration keeps changing the rules every five minutes. A couple of industry folks told me last week, even if the news about the make-up of the exchanges is bad, it’d be better to figure it out, get some experience with the population, and gauge what can be done for cost containment. Obama’s short-sighted game of switcheroo doesn’t allow much actuarial science to take place.

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