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Insurers Still Committed To Obamacare Following White House Meeting (Stupid is as stupid does)
forbes ^ | 11/16/2013 | Bruce Japsen

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 nation’s 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 America’s 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 didn’t provide adequate coverage under his signature health law.

That move by Obama didn’t 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 ...


TOPICS: Business/Economy; Extended News; News/Current Events; Politics/Elections
KEYWORDS: lawlessnation; obama; obamacare; obamalies
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To: tobyhill

They still trust him. Cute, aren’t they?

We need to start making lists of who these insurance companies are. Apparently they don’t have enough people talking at them.


21 posted on 11/16/2013 12:55:59 PM PST by Cyber Liberty (We're At That Awkward Stage: It's too late to vote them out, too early to shoot the bastards.)
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To: Cyber Liberty
AHIP represents the biggest names in health insurance, including Aetna (AET), Cigna (CI), Humana (HUM) and most Blue Cross and Blue Shield plans. CEOs from all three publicly-traded companies and four firms representing Blue Cross plans were part of the meeting with President Obama and his advisors.
22 posted on 11/16/2013 1:00:20 PM PST by cornelis
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To: Cyber Liberty

They’re hearing the people but they don’t care. They are calculating that the law will force people to go back to them but the problem with their calculation is that people could barely afford the insurance yesterday and they definitely can’t afford them today.
A lot of families will take a chance and go without and if they get sick then they’ll get treatment but just pay it out.


23 posted on 11/16/2013 1:01:39 PM PST by tobyhill
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To: cornelis

Interesting. Aetna has refused to participate in some state exchange pools. Kaiser has as well (I don’t see them on your list).


24 posted on 11/16/2013 1:06:55 PM PST by Cyber Liberty (We're At That Awkward Stage: It's too late to vote them out, too early to shoot the bastards.)
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To: tobyhill
A lot of families will take a chance and go without and if they get sick then they’ll get treatment but just pay it out.

When you have a deductible of $12,000 for your family, there is no point in even having insurance. I wouldn't buy it either.

25 posted on 11/16/2013 1:09:14 PM PST by Cyber Liberty (We're At That Awkward Stage: It's too late to vote them out, too early to shoot the bastards.)
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To: tobyhill
The Insurance Companies are salivating over the fact that everyone has to be insured-it will cost them dearly.
26 posted on 11/16/2013 1:09:16 PM PST by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: Cyber Liberty
Yep, most people don't have $12,000 sitting in their back pockets or an extra $500 a month for premiums.
The insurance companies were already on the verge of out-pricing their usefulness and now they have actually done it.
27 posted on 11/16/2013 1:18:03 PM PST by tobyhill
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To: tobyhill

Only game in town.


28 posted on 11/16/2013 1:23:47 PM PST by WriteOn (Truth)
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To: dfwgator

Waiting for my daily Cruz fix, haven’t seen one yet.


29 posted on 11/16/2013 1:24:31 PM PST by txhurl
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To: tobyhill

It’s not like they have anything to gain under Obamacare!


30 posted on 11/16/2013 1:24:34 PM PST by ReaganÜberAlles
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To: tobyhill

It’s ironic when you consider the stated purpose of this entire enterprise was to keep people from being bankrupted by a catastrophic health event.


31 posted on 11/16/2013 1:24:49 PM PST by Cyber Liberty (We're At That Awkward Stage: It's too late to vote them out, too early to shoot the bastards.)
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To: Cyber Liberty
With Obamacare, bankruptcy seems to be the best option. If I ever go bankrupt because of medical bills and a judge ask me why, I'll just let them know because I couldn't afford to comply with the Obamacare law.
32 posted on 11/16/2013 1:34:20 PM PST by tobyhill
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To: tobyhill

Then you know what they’ll be pushing: Disallowing the medical expenses to be discharged in a bankruptcy. It’s what they do with student loans.


33 posted on 11/16/2013 1:40:51 PM PST by Cyber Liberty (We're At That Awkward Stage: It's too late to vote them out, too early to shoot the bastards.)
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To: tobyhill

Instead of hammering Obama’s lies etc. on the talk shows someone should start pointing out the collusion between Obama and the insurance crooks.

Sooner or later it’s going to be the people against these clowns, let’s just make it sooner.


34 posted on 11/16/2013 1:48:47 PM PST by Kenny
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To: wiggen
I just have to wonder what the business decision behind this is. Are there promises of less competition down the line for participants?

In exchange for covering the bad risks, premiums are several times higher. If they lose money, the government will cover them. They figure it's a game of "heads I win, tails you lose".

35 posted on 11/16/2013 1:58:18 PM PST by PapaBear3625 (You don't notice it's a police state until the police come for you.)
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To: PapaBear3625

Clown Prince nobama has demonstrated that he is fine with stealing and blowing tax payers’ money (TARP, various eco-insane projects, money to terrorists and so forth). I expect he has the printing presses running 24-7 in anticipating shoveling bail-out money to his insurance chums. Criminals all.


36 posted on 11/16/2013 2:43:03 PM PST by hal ogen (First Amendment or Reeducation Camp?)
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To: Steely Tom

Yes.


37 posted on 11/16/2013 2:44:40 PM PST by Gene Eric (Don't be a statist!)
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To: tobyhill

38 posted on 11/16/2013 2:57:54 PM PST by yefragetuwrabrumuy (War on Terror news at rantburg.com)
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To: wiggen

down the line obambicare was designed to end the private prepaid health care system. Any one who thinks that we have an insurance system is uninformed. That said while getting in bed with the commie in chief may sound like slitting ones own throat, the spectacular epic fail may have been designed by said insurance companies in order to get back to insurance vs prepaid coverage. Before FDR you would pay for care, prices were transparent. bambicare tried to make the last vestiges of light stamped out, with the resulting spikes in rates since market forces were completely eliminated. The speed of implosion gives me hope that a total reformation to insurance will occur.


39 posted on 11/16/2013 4:00:49 PM PST by waynesa98
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To: tobyhill
Insurers Still Committed To Obamacare Following White House Meeting (Stupid is as stupid does)...for sure - have they not figured out yet that the whole purpose of this fiasco is ultimately to put them all out of business - or maybe they think they can make a quick killing on grossly inflated and eventually unaffordable insurance premiums and then get out of the business just before the deluge hits - it's the sort of thing that worked for Solyndra, after all.....
40 posted on 11/16/2013 9:22:51 PM PST by Intolerant in NJ
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