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Bailing Out Health Insurers and Helping Obamacare (We all knew this was coming)
Weekly Standard ^ | 1/13/14 | JEFFREY H. ANDERSON

Posted on 01/13/2014 9:28:30 AM PST by Evil Slayer

Robert Laszewski—a prominent consultant to health insurance companies—recently wrote in a remarkably candid blog post that, while Obamacare is almost certain to cause insurance costs to skyrocket even higher than it already has, “insurers won’t be losing a lot of sleep over it.” How can this be? Because insurance companies won’t bear the cost of their own losses—at least not more than about a quarter of them. The other three-quarters will be borne by American taxpayers.

For some reason, President Obama hasn’t talked about this particular feature of his signature legislation. Indeed, it’s bad enough that Obamacare is projected by the Congressional Budget Office to funnel $1,071,000,000,000.00 (that’s $1.071 trillion) over the next decade (2014 to 2023) from American taxpayers, through Washington, to health insurance companies. It’s even worse that Obamacare is trying to coerce Americans into buying those same insurers’ product (although there are escape routes). It’s almost unbelievable that it will also subsidize those same insurers’ losses.

(Excerpt) Read more at weeklystandard.com ...


TOPICS: Business/Economy; Crime/Corruption; Front Page News; Government; News/Current Events
KEYWORDS: gotcha; insurersbailout; obamacareinsurers; singlepayer
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1 posted on 01/13/2014 9:28:30 AM PST by Evil Slayer
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To: Evil Slayer

No one saw this coming.

Now let’s follow the money and see what the insurance companies are kicking back for 2016.


2 posted on 01/13/2014 9:30:43 AM PST by EQAndyBuzz ("The GOP fights its own base with far more vigor than it employs in fighting the Dims.")
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To: Evil Slayer
Anyone who participates in our health care system by using insurance or some government program is helping to support our current system. People should tear up their insurance/Medicare cards and BOYCOTT THE WHOLE SYSTEM.

So, if you like government involvement in health care, keep showing up at the doctor's office.

3 posted on 01/13/2014 9:31:06 AM PST by Tau Food (Never give a sword to a man who can't dance.)
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To: Evil Slayer

I have yet to see a congressional Republican bill that repeals this part specifically.

Maybe it’s like that Obamacare bailout that congress got from Obama.


4 posted on 01/13/2014 9:32:32 AM PST by sickoflibs (Obama : 'If you like your Doctor you can keep him, PERIOD! Don't believe the GOPs warnings')
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To: Evil Slayer

I am shocked….shocked I tell you


5 posted on 01/13/2014 9:32:59 AM PST by Nifster
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To: Tau Food

or find a doc that will work with for cash … that way you can still have health care and not worry about insurance or the feds ( and yes I know at some point this will be against the law too)


6 posted on 01/13/2014 9:34:16 AM PST by Nifster
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To: EQAndyBuzz

Check out sections 1311-1312 of obamacate law that no one read,that’s where you find it,its in the law and always has been.So no one should be surprised,they voted for it


7 posted on 01/13/2014 9:34:57 AM PST by ballplayer
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To: Nifster
And, then there's something to be said for the fact that most people will live longer, healthier and happier lives without doctors.

People who participate in this corrupt health care system should quit participating or quit complaining.

8 posted on 01/13/2014 9:44:32 AM PST by Tau Food (Never give a sword to a man who can't dance.)
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To: Tau Food

You don’t have any way of proving your so called fact. People live longer with vaccinations, clean water, good food, and safe housing.

The health system is not corrupt. In general it is filled with hard working people trying to make a difference in people’s lives.

What you should ask is why do people run to the doc when there is no good reason. Or perhaps even why go to the doc and then not follow directions on taking the meds given to you. Or even what do you expect from the doc? Do you expect the doc to be God and make everything perfect? Medicine has provided the US with a chance at long and healthy life. The deaths from childhood diseases, the horrible and painful deaths do to lots of diseases are no longer the norm. For that we should all be grateful


9 posted on 01/13/2014 9:49:39 AM PST by Nifster
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To: Tau Food

Easy for you to say but hard for the majority of folks to do. People who are ill, have a disease or condition that requires medical attention or surgery to maintain or correct their problems, can’t just boycott the system and not show up at the doctor’s office. Your so-called advice is worthless to those who need medical care or who are wealthly enough to pay cash for everything. Where or how else are they to get medical care?

I notice you have no alternative solution to your pronouncement. You are either young, healthy or both and/or haven’t yet had to stare severe suffering, death or bankruptcy in the face for not having the resources to pay for a life-saving treatment or be financially ruined. People like you don’t add one iota to the debate on healthcare and insurance in this country by throwing out ludicrous ideas into the discussion that are not realistic. You, like myself and many others, may not like Obama or big government or even the insurance companies, but your ego has gotten in the way of your intelligence. You are too clever by half for you own good, as the saying goes.


10 posted on 01/13/2014 9:54:11 AM PST by HotHunt
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To: Nifster

I agree.


11 posted on 01/13/2014 9:54:41 AM PST by red irish (Gods Children in the womb are to be loved too!)
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To: Evil Slayer

Insurance companies think they are in the cat-bird seat but eventually they will be destroyed by the “existing conditions” part of bammycare. The logical thing to do is dump insurance and pay cash for minor care. If you get really sick pick up an insurance policy, which they cannot refuse you, and leech the system.


12 posted on 01/13/2014 9:55:16 AM PST by RightOnTheBorder
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To: Evil Slayer
Reinsurance Program that caps big claim costs for insurers (individual plans only).” He writes that “in 2014, 80% of individual costs between $45,000 and $250,000 are paid by the government

Ok let me understand, under private insurance the insurance company is on the hook for all costs up to the policy limit. Now with the ACA the insurance company is on the hook for payments from the deductible ($5,000) to $45,000 plus 20% of the $205,000.

So why is the policy cost so much higher under the ACA?

13 posted on 01/13/2014 10:00:18 AM PST by Lockbox
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To: RightOnTheBorder
The logical thing to do is dump insurance and pay cash for minor care. If you get really sick pick up an insurance policy, which they cannot refuse you, and leech the system.

My plan.

14 posted on 01/13/2014 10:03:24 AM PST by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: Evil Slayer

But, but, but, I thought Ocare was supposed to SAVE us money because before, those costs of uninsured patients would no longer be passed on to us! You mean they’re STILL going to be passed on to us through paying for others’ subsidies, higher premiums-deductibles-copays, AND a government (TAXPAYER) bail-out of insurance companies?


15 posted on 01/13/2014 10:04:13 AM PST by informavoracious (Root for Obamacare and healthcare.gov failure!)
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To: sickoflibs

I think Rubio introduced a bill to stop this bailout, but don’t know its status now.

http://www.nationaljournal.com/health-care/rubio-introduces-bill-to-prevent-obamacare-bailout-20131119


16 posted on 01/13/2014 10:04:53 AM PST by jimbo123
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To: EQAndyBuzz

There wouldn’t be income inequality in this country, if our beloved government would just give each man, woman and child $2 million dollars rather than wasting it on the crap they do. Now - that would stimulate the economy. Nope - we have to support other countries instead and waste it on stupid projects that don’t amount to anything. If zero wants income equality - this might be a good place to start.


17 posted on 01/13/2014 10:07:37 AM PST by Catsrus (A)
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To: Tau Food

My comment #10 should have read:

“Your so-called advice is worthless to those who need medical care or who are NOT wealthy enough to pay cash for everything.”

I had quadruple bypass open heart surgery with a valve repair two years ago. The costs were over $500,000. The VA and Medicare paid for it. These catastrophic events are what medical coverage is for. I, unlike you apparently, did not have a spare half a million dollars in spare change laying around the house to pay for it out-of-pocket. Thank heavens for my VA and insurance coverage or I would have been bankrupt.


18 posted on 01/13/2014 10:08:21 AM PST by HotHunt
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To: informavoracious

What I meant to say: But, but, but, I thought Ocare was supposed to SAVE us money because, before, the costs of uninsured patients were passed on to us. Once EVERYONE was forced to have insurance, we’d only be responsible for ourselves. You mean the expense is STILL going to be passed on to us through paying for others’ subsidies, higher premiums-deductibles-copays, AND a government (TAXPAYER) bail-out of insurance companies? Color me shocked.


19 posted on 01/13/2014 10:08:49 AM PST by informavoracious (Root for Obamacare and healthcare.gov failure!)
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To: HotHunt
People who are ill, have a disease or condition that requires medical attention or surgery to maintain or correct their problems, can’t just boycott the system and not show up at the doctor’s office.

Oh? What do you think people did do for thousands of years?

And, how did they do?

"The days of our years are threescore years and ten; and if by reason of strength they be fourscore years, yet is their strength labour and sorrow; for it is soon cut off, and we fly away." Psalm 90:10.

Seventy, eighty years? Is it really all that better now?

20 posted on 01/13/2014 10:12:11 AM PST by Tau Food (Never give a sword to a man who can't dance.)
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To: EQAndyBuzz

All of them. Just like the drug companies


21 posted on 01/13/2014 10:13:23 AM PST by Sacajaweau
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To: Evil Slayer

Yes, but how many lanes did Christie’s staff close on a New Jersey bridge for a week?


22 posted on 01/13/2014 10:13:35 AM PST by kidd
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To: HotHunt
They kill as many as they cure.

But, I don't want to debate all that. I just want to point out that we implicitly endorse the system by participating in it. People who participate should quit complaining about it. Those who really want to change the system should quit participating. If there are people who want to participate and complain, well, they should probably see a doctor for help with that conflict.

23 posted on 01/13/2014 10:17:46 AM PST by Tau Food (Never give a sword to a man who can't dance.)
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To: Evil Slayer

The goverment way. Break something it had no legal authority to delve into. Then fix it which makes it worse. Our founders knew plenty.
So is the bailout figured into the cost of O’rino care?


24 posted on 01/13/2014 10:24:49 AM PST by DeWalt (Times are more like they used to be than they are today.)
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To: Evil Slayer

How unbelieveable? Obama is a corporatist, a “soft fascist.” Mussolini without the jingoism and the uniform.


25 posted on 01/13/2014 10:25:37 AM PST by RobbyS (quotes)
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To: Evil Slayer

In other words, this is single payer by stealth


26 posted on 01/13/2014 10:29:38 AM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: HotHunt

Yes, fifty years ago, you would be dead right now. On the other hand, the best heart medical treatment available fifty years ago would have cost nowhere near $500,000, probably on the order of maybe $30,000 in 1964 dollars, $200,000 in today’s dollars. Since then medicine has become an industry, where everyone involved expects to make a lot of money , even if if that is not their only or even prime motive for going into the field. Federal money has become an expected and major supplier of funding, and insurance companies have gotten very fat on it as well. Something of the same dynamic has happened in higher education. College presidents used to be scholars; now they are fund raisers.


27 posted on 01/13/2014 10:40:39 AM PST by RobbyS (quotes)
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To: Evil Slayer

Never forget that AARP signed onto this mess. They basically sold out HMO members. They did this to pimp for the insurance companies who sell their medigap policies thru AARP. AARP will make a cool billion dollars over the next ten years. I’ll never have anything to do with them.


28 posted on 01/13/2014 10:46:08 AM PST by donaldo
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To: Tau Food

“Seventy, eighty years? Is it really all that better now?”

can’t say about 78 but it sure is at 76!


29 posted on 01/13/2014 10:50:43 AM PST by dalereed
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To: Evil Slayer
 photo fantasyislandcopy_zpsb74840b6.jpg

30 posted on 01/13/2014 10:59:26 AM PST by Dick Bachert (Ignorance is NOT BLISS. It is the ROAD TO SERFDOM! We're on a ROAD TRIP!!)
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To: Evil Slayer

If we don’t bail them out, the companies will collapse and usher in the single payer system.


31 posted on 01/13/2014 11:04:34 AM PST by MattinNJ (It's over Johnny. The America you knew is gone. Denial serves no purpose.)
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To: Evil Slayer

This is a killer issue for the GOP created by the Left with Obamacare. The insurance industry is nominally supported by republicans, but the public’s appetite for bailouts just isn’t there. It’s all part of the Left’s grand plan to kill insurers and usher in single payer.


32 posted on 01/13/2014 11:04:52 AM PST by Rockitz (This is NOT rocket science - Follow the money and you'll find the truth.)
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To: Lazamataz

My plan too.

Any advice on which company to victimize if bad stuff happens?


33 posted on 01/13/2014 11:15:42 AM PST by Luircin
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To: Luircin

Any company that played along. Anyone involved in creating the fustercluck.


34 posted on 01/13/2014 11:25:24 AM PST by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: Lazamataz

Did you ever get the sense that no matter how this sham of Obamacare is exposed it won’t make one iotta of difference with the overall agenda of this administration.....except for news agencies gleaning a story for their followers and politicians getting face time?


35 posted on 01/13/2014 11:30:31 AM PST by caww
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To: caww

No, I have more of this sort of sense:

That it is 1935, in Germany, and my last name is Goldstein.


36 posted on 01/13/2014 12:07:52 PM PST by Lazamataz (Early 2009 to 7/21/2013 - RIP my little girl Cathy. You were the best cat ever. You will be missed.)
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To: EQAndyBuzz
No one saw this coming

In this one, liberal dem "little folk" should be pretty disgusted. They'll probably really be surprised that the goal of Obamacare was to help RINOs further enrich insurance companies.

Ted Cruz's message just might resonate with a whole lot of voters in 2016.

37 posted on 01/13/2014 12:11:09 PM PST by grania
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To: Tau Food

Why should I tear up my Medicare Part A card? I was forced to pay a Medicare tax when I worked to help pay for hospital costs now that I’m over 65. What I don’t have to tear up, because I never got them, is Medicare Part A or the pharmaceutical program for seniors.


38 posted on 01/13/2014 12:13:29 PM PST by grania
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To: Evil Slayer

Since insurance on the exchanges is a cost plus proposition costs are bound to go up.


39 posted on 01/13/2014 12:28:56 PM PST by Mike Darancette (Do The Math)
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To: Nifster
"What you should ask is why do people run to the doc when there is no good reason. "

I think hypochondriacs should be in their own pool (definitely not mine).

40 posted on 01/13/2014 1:35:23 PM PST by Paladin2
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To: Evil Slayer

I am Jack’s total lack of surprise.


41 posted on 01/13/2014 1:48:09 PM PST by RKBA Democrat (Having some small say in who gets to hold the whip doesn't make you any less a slave.)
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To: Evil Slayer

The health sharing ministries beckon! Owebamacare exempt!

http://www.freerepublic.com/focus/f-bloggers/3105492/posts


42 posted on 01/13/2014 1:49:56 PM PST by RKBA Democrat (Having some small say in who gets to hold the whip doesn't make you any less a slave.)
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To: Paladin2

works for me


43 posted on 01/13/2014 2:10:06 PM PST by Nifster
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To: Evil Slayer

Maybe the insurance companies should have a gun to their heads like the American citizen does with this POS law.


44 posted on 01/13/2014 2:39:22 PM PST by headstamp 2 (What would Scooby do?)
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To: Tau Food

I don’t complain about the medical care I receive. I am grateful for it. And I participate because I would be dead if I didn’t. Your way of thinking, on the other hand, does not register on my scale as normal. Everything is not black or white or not at all. Real life is full of shades of gray with choices you have to make in between these extremes of the spectrum. Your bizarre way of looking at this issue is proof enough that there is only one person in this conversation that needs to see somebody for the “conflict” the medical system gives them. And its not me.

You’re entitled to your own opinion but I don’t have to accept your irrational, abnormal viewpoint. People who “participate” in life are not conflicted. Only those, like yourself, that choose not to, are.


45 posted on 01/13/2014 3:00:11 PM PST by HotHunt
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To: RobbyS

Everyone in any industry, including the medical industry, do not expect to make a lot of money. Most people are good at their jobs and want to help others, as well as be successful in their careers. This country runs on millions of individuals trying to do their best to perform their jobs well and to be successful at it and get a ahead over time. Most that do, earn a good living doing it. There are always exceptions but they are just that, the exceptions, not the norm.

What industry do you work in where people don’t aspire to be good and/or successful and make good money? The reason medical care, housing, tuition, cars, etc. are so much more expensive today versus fifty years ago is due mainly to the inflation of our currency. The dollar becomes worth less and less over time and the number of dollars required to buy things keep getting larger over time.

And, I agree, government intervention in the private sector is responsible for most inflation and industries that don’t run efficiently with the government in their pockets. Overbearing government involvement and meddling in the private sector, is the cause of most ills in this country. But we have to deal the hand dealt to us until we can deal ourselves a better hand. You don’t avoid seeking medical care because you don’t like the system. Life is not that easy for most people.


46 posted on 01/13/2014 3:18:19 PM PST by HotHunt
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To: HotHunt

Alot of money compared with the nuns of, say. eighty years ago, and even the small town GP of the same time. That’s because there is so more more money in the system. Sio maybe I should have said everyone thinks that lots of money is available. A good heart surgeon makes more in one year than my family doctor did in his whole career, and my doctor did well enough for a country boy, But money is a part of medicine just as it is in religion, where those “on top” can manage to live like dukes, however pure their hearts may remain. I also remember a talk I had with him, when I was about 14 and he was trying to persuade me to become a doctor, that no one worth his salt at any table if his only concern, or even his chief concern was about money. But there it is, lying there on the ground. like a heap of bananas in front of a bunch of chimps, and so often they can never get enough of the stuff.


47 posted on 01/13/2014 4:23:48 PM PST by RobbyS (quotes)
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To: RobbyS

You sound like someone jealous of people who make lots of money. I don’t begrudge anyone who is either wealthy or working to achieve wealth and success. It used to be what people aspired to in this country. But now the liberals make it sound like something bad. Maybe you could jump on the bandwagon for Obama’s latest distraction that he says he will focus on like a laser....income inequality. That way instead of rich and poor, everyone could be equally poor (except for the elite liberals, of course). Instead of equal opportunity to get ahead, we could just give up and go for the redistribution of wealth from those that have to it those that don’t, like yourself. Its called communism.


48 posted on 01/13/2014 4:38:32 PM PST by HotHunt
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To: HotHunt

My doctor told me that wealth will always attract the mercenary. The fact is that people will pay any price to keep their health and save their lives. There is no more valuable thing on earth than one’s life. If doctors grow wealthy, if the practice of medicine creates great wealth, then it will attract also the power-hungry politician. He will want to control both the wealth and the source of the wealth. A professional class that stand between him and his political clientele is one whose independence he will seek to diminish and to serve his interest.


49 posted on 01/13/2014 4:50:46 PM PST by RobbyS (quotes)
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To: RobbyS

Well, no sh*t Sherlock. You needed your doctor to teach you that? Tell me something I don’t already know.

This society is a capitalist, free enterprise system where everyone, even the poorest, have an opportunities to make it if they want it bad enough. Its not free, its not easy and it sure as hell aint’ equal. But name me any system in the world that’s better at giving its citizens the opportunity to get ahead as much as the next guy. Name just one. You can’t because there are none. This is not about equal outcomes. Its about equal opportunity. The problem with most folks, especially those that don’t achieve, is that they don’t want to work hard or do without to get ahead. They want everything now and resent the rich because they have what they themselves want but don’t have the fire in their belly to go after. They give up focusing on their goals and only see the obstacles in the way.

Instead of denigrating the wealthy, you should be admiring them. Most people look up to them and aspire to be them. I don’t know anyone except losers who aspire to be poor. Wealth will always attract those wanting some of it. Its the way the world turns. If you hate politicians, well join the crowd. Stand in line. They get rich off the backs of the taxpayers without working for it. But private sector people gets theirs from their own efforts. If you don’t like this system, move to that country that has a better one. When I was in college, we always said about America. “Love it or leave it.”


50 posted on 01/13/2014 5:28:30 PM PST by HotHunt
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