Skip to comments.ObamaCare extortion
Posted on 09/13/2010 3:30:42 AM PDT by Scanian
The mobster walks into an of fice. "Mighty nice insurance company you have here," he muses. "Be a shame if anything happened to it." Shortly thereafter the business owner "voluntarily" hands over a payment for "protection."
The Obama administration didn't quite pull a page from the Sopranos last week -- but it came awfully close.
Faced with the fact that the new health-care law was driving up insurance premiums, Health and Human Service Secretary Kathleen Sebelius warned that the administration would have "zero tolerance" for anyone who blamed them for those price hikes.
Insurance companies that persist in telling the truth could face dire consequences. "We will not stand idly by as insurers blame their premium hikes . . . on the requirement that they provide consumers with basic protections," she wrote in a letter to the insurance industries' trade association.
At the very least, she noted "bad actors" could be excluded from new government-run health-insurance exchanges that will begin operation in 2014 under the law. That could cost insurers as many as 30 million customers nationwide. People also might not be able to use government subsidies to buy insurance from companies that don't toe the administration line. What's next? Only companies that write checks to the Democratic National Committee can participate? Have too many employees contribute to the wrong candidate, and you get a visit from the insurance commissioner?
(Excerpt) Read more at nypost.com ...
Chicago thugocracy, business as usual.
In Pennsylvania, Geisinger Health is angling towards a 10% increase due to Obamacare.
Obama singled out Geisinger as a “model” in one of his many speeches to the nation on the subject.
Have they now become a “bad actor”?
****That could cost insurers as many as 30 million customers nationwide.****
And 30 million jobs in sales, underwriting and claims processing.
I have found out the best way to deal with these people is to shame them.
Deep down, they know they are asking other people to pay for their stuff, their bills, their houses, their retirements, their health care, and everything else.
Ask a Democrat: "So, you want some one else to pay for all that?
They will blow a gasket, and launch into the proverbial "THEM!" as the group that should pay for it.
I sure would love to see her behind bars.
It’s the “Million Moocher March’.
That is a threat to use the law against a company. It is illegal even for a private citizen to say “Tear down this barn (or whatever they want to happen) or I will sue you for X (where X is unrelated to the barn). I’m pretty sure I’m right. Any lawyers know more?
Obamacare sure has slipped below the fold while people threaten to burn books.
Biggest news of the day BUMP. S.Ct. will be heroes.
‘Health and Human Service Secretary Kathleen Sebelius warned that the administration would have “zero tolerance” for anyone who blamed them for those price hikes.’
Where is it written that we have to make a gift of ourselves to these power-mad lunatics?
At the very least, she noted "bad actors" could be excluded ...
Oh-oh. Then what will Lindsay Lohan do for a living?
Not to mention Ben AFLAC (quack) and 'J-Lo'.
I've been waiting with bated breath for, 'Gigli 2'.
‘Million Moocher March’
We have an administration of thugs in Washington DC. The Chicago way!
To say our health care system is broken is a lie.
There is a difference between 50 million peoples not having access to health care services and not having insurance.
The true problem with having the best health care in history is it is expensive.
The reason it is expensive is because the bills are paid by other peoples money, ie: Insurance companies, and public assistance. Thus, there is no incentive for competitive pricing. The average consumer feels they avoided financial destruction by paying thousands of dollars every year in premiums.
In other words, if you dont want bad things to happen to you, then you better pay up.
Its called the protection racket and its the second oldest way to make a living. Its also called extortion.
The entire problem with the health care system is not with health care, its insurance. To mandate that everyone has insurance only serves to make matters worse. Like trying to put out a fire with buckets of gasoline.
The true solution is to establish a system that ensures lowering costs while encouraging even more advancements over our already lofty standards. The only way to achieve the desired results is by injecting the patient with the only proven formula that reduces costs and increases quality. The name of this time tested, undeniably successful panacea, is free enterprise.
The average family of four taking home around fifty thousand dollars a year after taxes, spends twenty percent of their after tax money on extortion payments. If a medical crisis occurs every twenty years, then they have spent nearly a quarter of a million dollars on paying for it. If the event costs 170,000 dollars then the insurance company gets to keep 80,000 dollars. If the event costs 330,000 dollars then the insurance company looses 80,000 dollars. Insurance companies like these odds. In fact, that is exactly how they make so much money.
Over your lifetime, your extortion...um, premium payments will exceed half a million dollars. Whatever is not spent on medical bills, the insurance company keeps. Any sane person feels some resentment in those facts and has no interest whatsoever in being proactive about keeping the costs down, in fact, some feel that, the more those bastards have to spend the better!.
We have a system where the buyer, who gets mugged every month, pays the seller with money from the thief !
Hardly conducive to having a competitive market. In fact it ensures that prices of both health care and health insurance will never go down, instead, it ensures that prices will always go up.
The medicine for this terminal condition is obvious and will have stunning side effects, rapidly soaring the entire economy to heights never before encountered.
Medical care entities bill the patient directly, all invoices will have the option for installments with terms, or payment in full.
Every person could be required to deposit 20% of any gross income into an interest bearing personal health care savings account. The interest calculated is based on the rate of inflation.
This is their money to keep and spend as they like with the provision that if the money is spent for medicinal purposes then it is tax free. Up ton once every year, you may withdraw up to half of the money, but if not used for healthcare care it would be taxed as income.
The action sets to action a new and powerful dynamic.
At first, prices will settle to what the market can bear.
Then, enterprising people will figure ways to dominate the market by lowering prices, making money thru sheer volume as say a Wal-Mart, Amazon, Sears and so many others. This will force some out of business but will lower the prices across the entire industry.
Mean while, the consumers will be flushed with capital on hand and a feeling of security and confidence. The economy will grow with unbridled stride. Large ticket items will be in high demand, Finding enough workers, not jobs, will be the major problem and the poor will enrich themselves. It would mark the beginning of a new frontier of prosperity.
bump for great post.
“Fings break doan nay?”
Welcome to the forum.