Posted on 01/14/2014 6:46:11 AM PST by SeekAndFind
The insurance companies were all in for Obamacare. Let’s not make them out to be complete victims. They were counting on all the mandated business. What they didn’t count on was being lied to by the government.
No sympathy here from me. Sorry.
They were counting on this being like the auto insurance industry. Government mandate means greater profits. Not going to work out like that for them.
Government intended to destroy private health insurance all along. It’s the only real way to effectively implement single payer in this country. Well on their way to that too. IF (big if) insurance companies get bailed out it will still be the same thing. Just filtered through a complicit non government billing system.
Thanks for your forbearance. :)
Agree with you. There will likely be a series of “fixes and adjustments” made along the way, but they probably will never repeal it because there’s a lot of money being made beneath the surface.
Fundamentally, at its core, Washington DC is all about money. All the talk of highminded principles is just verbal camouflauge and misdirection.
Are there Chinese Insurance companies?
Democrats will never get rid of the bailout since it would put their legislation at risk. Ideology always trumps reality.
I tend to disagree with the people who think this was all masterminded as an intentional pathway to single payer. Big Ins isn’t dumb enough to sign onto something that guarantees their death.
I don’t see how its fixable at this point. I am imagining a disaster when the employers all cancel their plans at the same time later this year. There’s not enough staff in the world at the insurers to handle that kind of mass transfer.
RE: Are there Chinese Insurance companies?
Life and Property Casualty Insurance? Absolutely.
Healthcare? Not sure.
One Chinese Insurance Company is even listed in the NYSE.
See this SYMBOL: LFC
You’re right. I guess they just figure there’s an unlimited amount of money to throw at it.
Big (health) Insurance was counting on the increased profits from a guaranteed mandated income stream. Like auto insurance. Nestled on top of the guaranteed government bailouts and subsidies.
(un)Surprisingly it’s not like that at all.
Government’s goal all along was to eliminate the private competition for what they view as their purview. If I had to bet, I’d bet on big Government to win this one. I’m a cynical sort though. I’d love to be wrong about this.
OK. I’ll try to get up to speed.
Big Ins isn’t dumb enough to sign onto something that guarantees their death.
*********
Agree, Big Ins is a ‘partner’ with Big Gov.
The supporting systems underlying Obamacare are exceedingly complex with myriad interfaces. It remains to be seen if the system can cope with the massive complexity and security challenges. I’m not convinced that the system will be able to handle it.
Time to write (AGAIN) and raise hell with the appropriate contacts on the Hill.
It’s interesting to me that not all of the big insurers jumped into the exchanges head first. I’d love to know what the CEO of Cigna thinks about the whole thing. Did Cigna stay out with the anticipation of a huge fail? The promise of a bailout was not enough to lure them all in, unless there is a behind the scenes promise of future payouts. Like maybe Cigna will get a huge batch of ex-employer insured customers later in the year.
There was another big one who I noticed did not set up exchange plans. I want to guess Unitedhealth but I can’t remember now.
I have no doubt that next year we will see a new QE whatever to bail out the private insurance industry.
Cashing their checks from the Insurance Lobbyists.
And we have the main reason no GOPe want obamacare repealed. They’re counting on some of these subsidy monies ending up in their own personal bank accounts.
This all makes me so sick. They ALL knew about this - and We the little People are having to fund it.
No, I’ve noticed. It never ceases to amaze me how 535 people get to make these decisions...for the entire country with out any financial obligation/sacrifice, to them, at all. All they do is rake in the paybacks attached to said bail-outs.
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