Posted on 10/28/2012 6:02:07 AM PDT by SeekAndFind
WASHINGTON (AP) — You'd think health insurance CEOs would be chilling the bubbly with Republican Mitt Romney's improved election prospects, but instead they're in a quandary.
Although the industry hates parts of President Barack Obama's health care law, major outfits such as UnitedHealth Group and BlueCross Blue Shield also stand to rake in billions of dollars from new customers who'll get health insurance under the law. The companies already have invested tens of millions to carry it out.
Were Romney elected, insurers would be in for months of uncertainty as his administration gets used to Washington and tries to make good on his promise repeal Obama's law. Simultaneously, federal and state bureaucrats and the health care industry would face a rush of legal deadlines for putting into place the major pieces of what Republicans deride as "Obamacare."
Would they follow the law on the books or the one in the works? What would federal courts tell them to do? The answers probably would hinge on an always unwieldy Congress.
Things could get grim for the industry if Republicans succeed in repealing the Affordable Care Act's subsidies and mandates, but leave standing its requirement that insurers cover people with health problems. If that's the outcome, the industry fears people literally could get health insurance on the way to the emergency room, and that would drive up premiums.
(Excerpt) Read more at businessinsider.com ...
The popular parts of the law are not going to be repealed and the health insurance industry better get used to it.
If not, single payer health care will come to this country.
Correction.... AARP worried
Considering what my premiums have done since Soetorocare was passed, I can see why the insurers are happy.
Our small business health plan has steadily increased, we just received an advice from BC&BS that the premium for 2013 will now be 16K for one employee and her husband.
My husband is livid and can’t wait to vote the scum out of office.
Marx’s stereotypical capitalists selling zer0 the rope they will get hung with
Greed IS Good but stewardship is needed to keep the wealth.
It would please me no end to see those that were seeking the gravy train at our expense find the train running in the opposite direction.
This is a new kind of “tax” where instead of giving the money to government for them to hand it over to corporate welfare, we are forced to just hand it over to them ourselves. Hey, skipping the middle man!
The big consultant IT companies are already at work building health care exchanges. In fact anyone looking for consulting jobs in the past year will notice most of the jobs are in health care. I would guess the likes of IBM/Xerox/Deloitte/Accenture, etc are contributing to Obama.
There are so many willing pArticipants in our downfall.
Pray for our country.
Let’s end these word games. United Health Care and Blue Cross are NOT insurance companies; they are administrators that function as Federal government proxies. The coverage rules, prices and profits margins for the exchanges are soon to be set by HHS under 0-care. The current CEOs and high level executives are perfectly fine with this situation because they will rake in enough money before the companies are fully nationalized.
This is only a transitory phase. Eventually, the Federal government will squeeze out the profits, the companies will fail, and the government will take them over completely.
Stupid article. Ok maybe insurance companies would bring in ‘some’ new individual members BUT many would be higher risk meaning people that cost insurers $. Also since many employers will stop offering coverage to their employees insurers will be losing ‘group’ business. Obamacare will be crippling to insurers. Might not be immediate but will be imminent.
They are worried because the reason given for recent premium increases is that “health care mandates under Obamacare”. So if Obamacare is repealed, the expectation would be for those premium increases to be rolled back.
It won’t happen, and people will be pissed and the heavy hand of government will come down on them - this time not so much to their advantage.
It’s long past time to get both insurance companies and government out of healthcare.
The popular parts of the law are not going to be repealed and the health insurance industry better get used to it.
I fear you are right, which makes your second statement nonsense: Because, not "if not," the popular parts will not be repealed, socialized medicine will come to this country (you call it single payer).
Yep - them and a few others who have been promised special deals.
AARP has an insurance company that would thrive under Obama care which is why the owners of AARP wanted it.
>>I can see why the insurers are happy.
“COMMERCE BETWEEN MASTER AND SLAVE IS DESPOTISM”
—Thomas Jefferson
Same ol’ crap, different toilet.
“health” “insurance” collectivist-corporatists can take their $ymbiotic metabolic $yndrome $tatin$ and $hove ‘em where the $un don’t $hine.
I don’t feel like being a cash cow today.
NO SALE
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