Posted on 11/12/2013 7:01:51 PM PST by SeekAndFind
That will cause absolute chaos in the insurance industry. They’ve cancelled contracts with hospitals, doctors etc etc. You can’t magically reconstruct the situation before this clusterf##k launched.
Hahaha! Hilarious!
This little hiatus due to the website disaster has offered a chance for more Americans every day to realize that this thing is not a health care plan, it’s a way for the government to horn in on everyone’s private life, while making them pay through the nose for the privilege. With the midterms coming up, not even the Democrats want to be associated with it. It’s the most epic screw-up in U.S. history, and I’m even seeing more and more formerly Kool-Aid drinking journalists just throwing up their hands.
It won’t work. Then they pivot and blame it all on the insurance companies.
RE: Obama will veto this if comes anywhere near him, meanwhile all these Democrats will get to boast about their “courage” in voting for this bill.
Not good enough. A veto can be overridden with 2/3 majority in each house. I’d like to see if Dems have the “courage” to override Obama’s veto.
This cracks the armor of the entire forced upgrade/mandate BS.
Never underestimate the republicans ability to flub this.
Saw a great analogy in an article, something like you may have to break a few eggs to make an omelet but just try and get the eggs back when it’s done.
Many of the poors, just want to collect their free money & benefits, and be left alone. They don’t want to hassle with providing a lot of information in trade for free healthcare. They already have it, in the form of going to ERs and urgent care clinics, etc.
When they realize the govt will use every piece of information to control their lives eventually, they’ll really be balking.
Yep, and in the end this assholes still voted for this mess and people will still keep getting dropped. They are in trouble, and oh well.
“Not good enough. A veto can be overridden with 2/3 majority in each house. I’d like to see if Dems have the “courage” to override Obama’s veto.”
Sorry, this bit of political theater is being staged only for the benefit of Democrats up for re-election next year. They’ll get to “bravely stand their ground”, and Obama’s veto will also stand.
I’ll quote Ben Franklin here:
“This will be the best security for maintaining our liberties. A nation of well-informed men who have been taught to know and prize the rights which God has given them cannot be enslaved.”
“There is no mention of how the risk corridor program will be funded if the amount that HHS must pay to insurers exceeds the amount HHS receives from insurers.”
What am I missing?
The Obamacare freelaoders have to pay a whole lot, or the paying insured have to pay a whole lot, or taxpayers have to ‘subsidize’ a whole lot.
I don’t see any other choices and the last is the only politically ciable one.
:) all talk,Dems will not vote for it.
You just nailed it.
This is just a feel good vote to help dems distance themselves from the very damage that they are inflicting.
Seriously, we knew Obamacare was going to stink. But did ANYONE think it was going to be of this magnitude and consequence so soon? I think we are witnessing the greatest debacle in American history, not just the failure of Obamacare but the public castration of Barack HUSSEIN Obama.
Basically, today’s worst-case scenario is that HealthCare.gov takes months to fix and the mandate is delayed until 2015, resulting in widespread adverse selection. Insurers wouldn’t recoup all losses, but the risk corridor program provides their bottom line with a substantial buffer. Importantly, it doesn’t need to be budget neutral; if the math demands it, the government can pay out more than it collects through the program. This could be expensive—the CBO scored the health law as though risk corridors were budget neutral—but it could also be offset by foregone subsidies.
Here’s the existing law’s BAILOUT formula for the insurance companies:
http://theincidentaleconomist.com/wordpress/wp-content/uploads/2013/10/qhpriskcorridor_rwjf75568.png
un-freaking-believable.
But funds were never appropriated to make up the cosst if the ‘risk prevention corridors’ were not revenue neutral.
As far as I can see- and the law is difficult to understand (to say the least)- any funds to for the ‘corridor’ would have to be appropriated by congress.
Which the Dems would love to run on in 2014 and do when they’re put back in control of the House.
And at what price, if so?
Ours went up 20% last year and is scheduled to go up another 20% in 2014.
I don't see this ending well with out the total repeal of the "A"CA.
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