Posted on 11/14/2013 8:49:55 AM PST by SeekAndFind
WASHINGTON - President Obama will allow insurance companies to continue offering individual health plans that do not meet the standards of the Affordable Care Act through next year, according to a Democratic source on Capitol Hill familiar with the plans.
The plan, which the president will announce Thursday morning, is intended to placate millions of consumers who have received cancellation notices from insurers in recent weeks. Obama had repeatedly promised that consumers would be able to keep plans that they liked.
The president was under intense pressure from Democrats on Capitol Hill to find a fix. House Democrats have increasingly threatened to support a Republican proposal due for a vote Friday. And Democratic senators have offered their own legislative fixes.
(Excerpt) Read more at latimes.com ...
Here’s the dictator dressed in green S&M garb... it’s about a third of the way into the video - maybe more. Doesn’t seem even mildly photo shopped... I’m guessing but it seems like the NSA might be getting even.
http://www.youtube.com/watch?v=Uy2K5SIuK2E
...look in the mirror....
Pretty much.
The wealth tax that's built in to ACA will get passed down somehow/someway. And, there's a 3.5% ACA *fee* attached to every group policy the insurance company sells to your employer(s). The employer will also pass this fee on, or drop your group coverage, completely.
Here's the breakdown of this ACA *fee* to employers:
Fees which make up (currently) approximate +3.5% of premium:
· Comparative Effectiveness Research Fee
o Fee for conducting research to determine which of 2 or more treatments works best
o Applicable starting July 31, 2013
o Fee continues until 2019
o Fee is $1 per participant for plan years ending before 10/1/2013
o Fee is $2 per participant for plan years ending before 10/1/2014
· Health Insurance Industry Fee
o Fee for PPACA implementation
o Applicable in 2014
o Fee is considered permanent
o Fee is 2% to 2.5% of premium
o Expected to increase to 3% to 4% in future years
· Transitional Reinsurance Fee
o Fee for spreading of financial risk due to elimination of pre-existing provision
o Applicable from 2014 through 2016
o $63 fee per member in 2014
o $40-$45 per member in 2015
o $25-$30 per member in 2016
Multiply that by all the group plans in the nation, and the transitional fees by every employee on a group plan, across the country. They are/will be making a killing (no pun intended) on these policies and fees.
Most businesses are on a 1/1/14 renewal. 0 and insurance companies likely conspired together to back it up to 12/1/14 renewal, to kick that can down the road for another year...to protect them for 2014 elections.
I agree. I don’t see how insurers can cover anything without raising premiums because of the mandates of Obamacare. They will try to blame the insurers.
However, the Republicans could and should file suit to have the Executive Order purporting to amend a statute is an unconstitutional usurpation of power, not authorized by the Constitution.
If this were to go to court and have a successful outcome, it would bring the end of Obamacare faster, In think.
Right. Like all these insurance companies are going to jump at the chance to re-offer the same insurance to their high risk clients. The fact is, these dumped patients with preexisting conditions will ONLY be able to get Obamacare now.
And that was the plan all along.
Yeah.
It was obvious where he was going when he decided not to enforce DOMA or immigration laws.
And congress merely yawned.
It’s not naïve to expect congress to do their jobs.
It is disgraceful that they don’t.
0 bummer's speech was carried by our local station and basically I missed the first hour of Rush today. Did you catch the part when he said "When we came into office..." as if this is Bush's fault?
Also, with fewer enrollees it will be too expensive to help the needy. People who had insurance will buy whatever they can from the insurance company they once had and with which they were happy. Hoping for the best in the interim, and waiting until the insurance company can provide something better suited for their needs and closer to their original policies.
Obama is ruling by decree now. I guess Boehner is ok with that.
good question
Obama’s administrative fix doesn’t help anything. He’s trying to put the genie back in the bottle which only creates a bigger mess. It’s purely a CYA move intended to buy time and shift blame to the insurance companies. It is too late for the insurance companies to reinstate the cancelled plans, and it does absolutely nothing to alleviate the adverse selection bias on the exchanges that will eventually causes Obamacare to collapse.
Unfortunately before that collapse occurs, the sad fact is that it is now clear that a humanitarian catastrophe is going to occur in January when millions of innocent people find themselves uninsured because of Obamacare, and will experience tremendous emotional and financial hardship as a result.
Ban Assault Insurance Now!...
L O L!
I’m so disappointed. Americans used to know what to do to tyrants like Obama.
Maybe some DA in one of the states should attempt to prosecute an insurance company for extending someone’s plan (in violation of the ACA) because obama said they could. After all ACA is the law. If they use “obama said we could do it” as a defense the prosecutor can use the Constitution to destroy that defense.
Of that would only work if the Constitution mattered to democrats.
I understand it to be an extention and re-coverage on your original plan for only 30 days...Enough time for the media to latch onto something else in the meantime...
They dont give a rip now...So whats the difference??? ;-)
Also, the meeting Obama has scheduled with the big insurance reps can only mean that he will be dictating policy and buying those asshats off with whatever discretionary fund they can scrape up at this time...
Why would it be about anything else???
The administrations palne is in a flaming nose dive and they are desparate to pull out of it...No matter the political cost...If they can spin this to eventually screw over and blame the big insurance companies, or even the republicans or Bush, all the better for them...they believe they can politically weather this storm for 2014...
The odds might very well be in their favor though...
“Replace???”
Really???
Are you saying you would like congress to fix this Tax law???
This ought to be good...
Hell NO!!! Hehehe
No really, I swear im not trolling you...hehehe
You just happened to catch my attention again...
Later...no prob...
Let’s pray that there is one patriotic head of an insurance company who tells Obama off today.
Obama has put the companies in a liability situation—right now, they have no choice but to follow the law’s requirements BECAUSE IT IS THE LAW OF THE LAND(caps are not directed to you—I just hate when they parrot that line).
The Emperor is naked—he cannot decree a change in the law, plus he publicly put the onus on the insurance companies to save his bacon, instead of his own Administration.
Why should the insurance compnaies play ball with him? Don’t they know that they have been shafted?
Plus, these companies are regulated by state insurance commissioners, some of which already have stated that the die is cast, n o changes come 1/1/14.
Pass the popcorn, this is going to get good.
BTW—call your reps in DC:
www.senate.gov
www.house.gov
Tell them why Obama cannot change a LAW on his own whim.
Tell them the smell in the air is the smell of impeachment, and a whole new slate of faces in Congress come January 2015.
They’ll understand that.
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