Skip to comments.Insurers Still Committed To Obamacare Following White House Meeting (Stupid is as stupid does)
Posted on 11/16/2013 11:11:33 AM PST by tobyhill
In an unusual alliance between a liberal Democratic President and the traditionally Republican-leaning insurance industry, health plans are still backing the Affordable Care Act and the nations commander-in-chief following a White House meeting Friday.
Despite the political rhetoric coming out of Washington and pundits on television talking about lower popularity numbers for President Obama and continued efforts of Republicans to derail the legislation, the insurance industry believes the health law can be fixed, according to several sources close to the companies. They are most concerned about the healthcare.gov web site than the backlash about some Americans and Republicans being upset that policies that did not comply with new law are being cancelled.
Several major health insurance companies, led by their lobbyist Karen Ignagni, chief executive officer of Americas Health Insurance plans, met Friday with President Obama a day after he said health insurance companies can for another year renew policies that were set to be cancelled because they didnt provide adequate coverage under his signature health law.
That move by Obama didnt sit well with the powerful insurance lobby that has banked on both sick and healthy people signing up for coverage so they can generate revenue from premiums and have money to pay claims and turn a profit for their shareholders or policyholders.
(Excerpt) Read more at forbes.com ...
The “Insurance Industry” was right in there designing the cattle chutes and the killing floor drain system with the rest of the ObamaCare crazies.
Maybe the insurance industry would rather have single payer?
I can’t understand why they would be for premiums to increase 400%!!!!! /s
No doubt the insurance companies are somewhat complicit in the Obamacare fiasco, but we shouldn’t forget what the Federal Government is to a health insurance company. It is often one of their biggest customers through plans such as Medicare part D, and it is also their regulator. CMS has the power to destroy any health insurance company involved in any Federal program, and there are countless other Federal regulating bodies that have God-like powers over these companies.
If you were running a business how eager would you be to tell one of your biggest customers and your regulator to f**k off?
As long as they keep their jobs administering it, hellyaa.
Federal Government told the Ins. companies they are still interested in “spreading the wealth around” if they keep playing ball, I’m sure.
If you ever wondered why the insurance companies didn’t raise a bigger stink over the passage of obamneycare it’s because they helped write the damned thing. If the law isn’t reprealed they become massahs of the plantation and you their slaves. If it collapses, they still get a big fat TARP style bailout.
Maybe they are taking the taxpayers money and paying the insurance companies off to gain continued support.
I just have to wonder what the business decision behind this is. Are there promises of less competition down the line for participants? Will one side effect of the act be creating a closed system,make it impossible for new insurers to form and compete?
I am opting out andtelling BCBS where they can stick it and going with Medi Share
Of course they may simply feel coverage of existing conditions is here to stay and they need the bill to maintain profits.
I’ve been thinking that the insurance CEOs must have all been placed in position by obama/powers that be, prior to passage of Obamacare. They are all to be personally well taken care of after the demise of the insurance industry. Their multi-million dollar salaries will make sure they don’t feel the pain.
For example, David Cordani, ceo and president of Cigna came to that position in 2009. A global kind of guy:
make it impossible for new insurers to form and compete?”
Valid point IMO. I have a lot of clients who are doctors and we have seen a lot of mergers. I can’t count the number of insurance carriers that have been absorbed, particularly in the last five years. Used to be hundreds, now we are almost down to choosing between Aetna, Blue Cross, Cigna, Humana, Kaiser and United Healthcare. A few others have different names but they are really connected under an umbrella of one of the biggies.
No doubt they believed the liar when he promised them a government bailout for throwing customers off their plans. They will deserve going belly up when he chases everyone into the government’s single payer plan.
Insurers helped write Obamacare. They stand to make millions from higher premiums and higher deductibles. Obama gravy train for them.
Exactly, they got into bed with the government, they deserve to reap the whirlwind.
Folks who are out of the box thinkers would (I’d advise IMHO), do well to start right now to work out what the next health care situation will BE once God burns all this detritus off of American soil through its own folly.
It will be a great time for conservative ideas to supplant the liberal ones. If conservatives can get their eye off of this evil long enough to see God.
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