I was wondering how Obama could wave his magic dictator’s wand and “allow” insurance companies to offer non-compliant policies. He’s telling them: “Don’t worry, it’s OK to issue illegal policies because I promise my administration won’t prosecute you.” In other words, Obama can’t make the policies legal, so he’s encouraging the insurance companies to break the law.
There might be three or four ‘maverick’ insurance companies out there...willing to just take the President’s vouch that all-is-OK. But most insurance companies are filled with lawyers in the top level of management, and they look at the threat of lawsuits on a continual basis.
If the law says “X”, and someone says they invented a waiver, but it’s not part of written law, then some idiot can drag you into court and pursue a case against your company for a marginal health insurance policy.
I’d take a guess and say thousands of lawyers are now reviewing this possibility, and just waiting for 1 January to roll around.
So, I’m going to take this humble guess. In two weeks, several insurance companies announce after reviewing the mess...they won’t offer old-style policies in 2014. It’s too risky.
Then, all heck will break loose in early December as Congress must now get into the mess. If they could write 2,000 pages of crap, never read it or comprehend it....then they’d go and repeat the entire exercise again.
A bigger mess? I think between the budget crisis....yet to unfold in December, and this massive game to be played out....it’ll be an exciting month for intrigue and dimwittedness.
As an attorney who has represented insurance companies for over 25 years, I can assure you that none of them are going to issue policies that do not comply with the letter of the law.
This promise by Obama is just another lie intended to shift the blame from him onto the evil insurance companies (who will ignore his dictatorial edict)
Obamacare must be repealed and Obama must be impeached.