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 ...
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.
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.
Interesting. Aetna has refused to participate in some state exchange pools. Kaiser has as well (I don’t see them on your list).
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.
Only game in town.
Waiting for my daily Cruz fix, haven’t seen one yet.
It’s not like they have anything to gain under Obamacare!
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.
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.
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.
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".
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.
Yes.
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.
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