Insurers Still Committed To Obamacare Following White House Meeting (Stupid is as stupid does)

forbes ^ | 11/16/2013 | Bruce Japsen

[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.

[trebb]

No telling the dynamics/threats involved. If they drop out now, Jarret and company will insure they pay out the nose. They have become leeches and have taken advantage of government intrusions to maximize profits by overcharging and then minimizing payments - should be no surprise that they find themselves in a complicit utopia/slavery.