Skip to comments.ObamaCare’s Date with Destiny Approaches: Are we being set up for a bailout of insurance companies?
Posted on 12/12/2013 9:17:16 AM PST by SeekAndFind
Health and Human Services (HHS) Secretary Kathleen Sebelius, who remains as determined as ever to substitute Obama administration talking points for the truth, gave it her best effort in yesterdays session before a House Energy and Commerce subcommittee. It was an underwhelming performance at best. As key dates approach and more facts about the government overhaul of the health care system emerge, it is becoming apparent that the ObamaCare scheme is headed for structural disaster — and will take tens of millions of Americans with it.
All of the above, including anemic enrollment numbers for private insurance while Medicaid signups explode; premium price increases necessitated by unnecessary coverage; the undue burden places on providers and insurance companies to collect payments and subsidies, respectively; fraud; and the reality that millions of additional American will see policy cancellations, threaten complete chaos. Chaos that could lead to a massive taxpayer-funded bailout to keep insurance companies afloat, that is already built into the law. If it gets to the point where the federal government owns insurance companies, just like they owned GM, it will be ObamaCare for the masses and healthcare “memberships” for the privileged few.
In other words, Americans are going to have to experience every one of the unforeseen and “unintended” consequences of ObamaCare before they find out what’s really “in it.” The next date with destiny is January 1, when a substantial number of Americans will either be pleased they have coverage, or shocked to discover they don’t–even if they paid for it. That’s reality. And nothing said by Sebelius, any other member of the Obama administration, or any Democrat can change it.
(Excerpt) Read more at frontpagemag.com ...
If the govt. bails out the insurance companies then isn’t this a de-facto “single payer” system with the premiums and deductables nothing more than an additional graduated income tax obligation?
they will keep throwing money at any problem that occurs before they would ever think about scrapping this P.O.S.
The “collection mechanism” in the ACA law prohibits the IRS from using traditional collection methods to get the ACA fines. For the time being, one could avoid the “fine” (read: tax) by changing withholdings to ensure they have to pay during tax time, something that most folks should be doing anyway. That ensures that the IRS can’t force you to pay your “fine,” and you’re not on the hook for anything. It’s only a matter of time, however, that Obama and the executive branch change the rules super-legislatively and use the full power of the IRS to start cracking skulls into compliance.
And WHY did 0bama not meet with Sebelius prior to roll-out of the website? 'PLAUSIBLE DENIABILITY' is why. 0bama can claim "HE DIDN'T KNOW ANYTHING" again, just like with IRS, NSA, etc..
I foresee a time, prior to the government run single-payer system, that those who are covered by PPACA will have to contact the Insurance Exchange (AKA: lower level community organizers) for approval to contact a doctor’s office to arrange for an appointment (segue-ing into the employee-bloated exchange making appointments directly).
Won’t be long before participation in 0bamacare is deemed MANDATORY. This could land ACA back at SCOTUS, but given Roberts is in the tank for 0bama, all hope is lost.
:: just like with IRS, NSA, etc ::
Just like “Little Dick” Daly, Da Mare.
How bad is it for OCare and Sec Sebelius? It may be that not one person is actually insured and ready to go see a doctor when necessary.
ObamaCare = Up in smoke
Has anyone considered that the insurance companies may not need a bailout? Why? Well:
1. Policies have turned into mostly all high deductible catastrophic insurance only.
2. Premiums are higher than for the old traditional lower deductible policies.
4. There aren’t even co-pays in some cases... the insured just pays 100% until the deductible is satisfied
5. People will think twice before paying out of pocket... eventually.
6. Even though pre-existing conditions are covered somebody was paying for them before... people weren’t just dying.
Companies have limits on profit retained now. I’d say they are going to make out like bandits otherwise... we shall see.
I've moved to a different position as this has gone on. I'm 54 and early retired. My wife is 60 and been retired 7 years. We are very healthy and live healthy lifestyles. (exercise, diet, etc). We have an individual insurance policy. The government should drop the medicare age to 50. Move us into medicare. I'll pickup supplemental insurance or just pay whatever Medicare doesn't cover. This would lower premiums for the younger ACA participants. (because we're old). They can have all the free birth control they want. I don't care.
We're gonna throw tons of money at this stupid thing over the next 20 years. Might as well throw it in a way that helps all of us.
Agreed but you have to be willing to go without health insurance to go down that path. That's not an optio for some.
no...we’re going to see them sell out to the govt
going to come right out of your paycheck....just like medicare
That’s where it is going and once THAT withholding is in place “they” can raise it whenever they like.
I surfed across a wet dream piece from the far-left which posited that if they want to do single payer, all they’d have to do is just straight-out buy the existing for-profit insurance companies. They estimate the price would be about 2% of GDP, and the shareholders would be happy as hell to be paid to go away and not put up a fuss. And then government would be free to nationalize healthcare to it’s heart’s content.
Sounds like just a more honest, transparent, and cheaper method of what is happening now.
And that is exactly what I have been saying. Using me and hubby as one example: $1200 mnth, huge deductible, $18,940 out of pocket (not counting premiums), think it was 40% copays. That is pure dollars for the insurance company as we would never use it.
A cousin who I ran her numbers per her low income: Subsidies so that her premium is only around $2 mnth, $5k deductible,. She can’t afford to pay the deductible which means she will never use it. Insurance company will get the direct subsidy payment from the feds and never pay out for care.
Both of these situations are win win for the insurance co. and lose lose for the clients.
The big insurers wrote the law, so you bet they did the CYA!!
Comrades, the point is to wreck everything — healthcare, the economy, the military, everything. Once this country is destroyed, the masses will accept any proposition to relieve their wretched lives, including Communism.
Go to the head of the class!
That’s been their goal all along.
The pic [of utter devastation] with Obama saying "My work is done here" should have a little face of Roberts in the corner with the words "SCOTUS approved" or some such. Like a Good Housekeeping seal of approval.
Scott Gottlieb: This ‘Doc Fix’ Would Be Bad for Your Health
An attempt to alter Medicare may let Washington dictate how doctors treat patients.
Dec. 11, 2013 7:08 p.m. ET
Imagine if a provision in ObamaCare allowed Health and Human Services Secretary Kathleen Sebelius to dictate directly to doctors which services they could and could not provide their patientswhat individual tests they could conduct, which treatments they could offer, and medicines they could prescribe.
Americans would be outraged.
Yet some Republicans on Capitol Hill are about to help Democrats pass such a provision for Medicare patients. The Senate Finance Committee is set to vote on permanent “doc-fix” legislation Thursday that grants the federal government broad new authority to determine “applicable appropriate use criteria” for the full range of outpatient medical services delivered to seniors. Similar legislative language is included in bipartisan draft legislation that is being marked up Thursday in the HouseWays and Means Committee.
The bill is part of a larger effort to change the way Medicare pays doctors. Each year since 2002, Congress has passed temporary “doc-fix” legislation to cover billions of dollars of shortfalls in Medicare payments. The provisions in the bill apply to advanced radiology imaging tools like CT scans and MRIs. But language tucked into the legislation enables “the Secretary” of HHS to exert the same controls over the vast array of outpatient medical care for seniors.
The money pit ...
You add substantial fuel to the fire of my point Sheana.
We are similar to you; $15,000 a year in premiums, $13,000 combined deductible as I read it thus far.... Unless we are deathly ill or something terrible happens to us insurance will never be out a dime... and this picture will be repeated over and over and over.
Low income will be low care unless the deductible is subsidized as well. They will reduce their consumption of health care.
NOBODY is bringing up any of this set of facts. Only the meidcare drones and unfortunate will actually get “free” health care. This is another crony capitalism payoff and transfer of money to drones.
We are all a long way from seeing the worst of this mess. It is a shop of horrors we could never dream or conceive of. What is more, it is all at the discretion of the administration as to what to make into laws since the congress illegally, my opinion, gave them the power to legislate.
They'll call it Medistart.
So two funds?? Yes...
The whole object is to get your money.
It's not about health, it's about wealth.
Worth repeating. We are damn near that state now. America is partially a communists ruled Country and the gap is widening.
Could the designed failure of obamacare be another looting of the treasury so Obama could receive .say 4 billion dollars in an offshore account ( accounts) ..same for Solindra GM .Crysler and all of the other designed failures.
Is Obama just creating all of these predictable failures just be a way of Obama himself, stealing billions from the treasury. It happened in all of the other African countries. Why would obama think to act differently? Should some journalist, if any still exist, ask if he has off-shore accounts. Why has not the money been followed?
couldn't happen in America. Normalcy bias reigns.