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Administration Fears Part Of Health Care System So Flawed It Could Bankrupt Insurance Companies
Fox News ^ | 1/22/14 | Jim Angle

Posted on 01/23/2014 5:49:47 PM PST by Lmo56

While the administration publicly expresses full confidence in its health care law, privately it fears one part of the system is so flawed it could bankrupt insurance companies and cripple ObamaCare itself.

"Week after week, month after month," says John Goodman of the National Center for Policy Analysis, "the Obama administration kept telling us everything's working fine, there's no problem and then they turn on a dime and fire their contractor."

To justify a no-bid contract with Accenture after firing CGI as the lead contractor, the administration released documents from the Department of Health and Human Services and the Center for Medicare and Medicaid Services that offered a rare glimpse of its worst fears, saying the problems with the website puts "the entire health insurance industry at risk" ... "potentially leading to their default and disrupting continued services and coverage to consumers."

Then it went even further, saying if the problems were not fixed by mid-March, "they will result in financial harm to the government."

It even added that without the fixes "the entire health care reform program is jeopardized."

In spite of the "urgent" need officials cited to keep the system from collapsing, the White House spokesman said he knew nothing about it.

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


TOPICS: Government
KEYWORDS: accenture; cgi; insurersbailout; obama; obamacare; obamacarefailure; obamacareinsurers; obamalies
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"Well, smack my ass and call me Judy!" [Jon Lovitz on Friends]
1 posted on 01/23/2014 5:49:47 PM PST by Lmo56
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To: Lmo56

I thought that was the PLAN


2 posted on 01/23/2014 5:50:30 PM PST by molson209 (Hillary Clinton)
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To: Lmo56

In other words, its working as planned.


3 posted on 01/23/2014 5:50:59 PM PST by cripplecreek (REMEMBER THE RIVER RAISIN!)
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To: Lmo56

It was their plan all along.

Death, and not healthcare, is coming for
non-EXEMPT American families, from Coast to Coast.
It has already begun for too many.


4 posted on 01/23/2014 5:51:57 PM PST by Diogenesis
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To: Lmo56
Lol...who didn't see this coming?
5 posted on 01/23/2014 5:52:35 PM PST by Jane Long (While Marxists continue the fundamental transformation of the USA, progressive RINOs assist!)
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Another looming crisis for those who pay taxes.


6 posted on 01/23/2014 5:53:27 PM PST by Gene Eric (Don't be a statist!)
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To: Lmo56

fears??

It was the whole plan


7 posted on 01/23/2014 5:54:09 PM PST by GeronL (Extra Large Cheesy Over-Stuffed Hobbit)
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To: Lmo56

God almighty we were in the streets protesting this ...and they didn’t listen...


8 posted on 01/23/2014 5:54:40 PM PST by EBH ( The Day of the Patriot has arrived.)
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To: Lmo56

All according to plan..the ultimate goal..single payer which progressives have wanted for what, 100 years now


9 posted on 01/23/2014 5:55:46 PM PST by Sarah Barracuda
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To: Lmo56

He was remarkably candid about simply BANKRUPTYING big coal, instead of using the law.

It is silly not to suspect this is also the plan with insurance companies.

PART OF THE PLAN.

Notice the way he’s extravagantly blase about all this?

HE EXPECTED THIS.


10 posted on 01/23/2014 5:55:52 PM PST by gaijin
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To: Lmo56

Is this why Moody’s downgraded the insurance industry?


11 posted on 01/23/2014 5:57:09 PM PST by TigersEye (Stupid is a Progressive disease.)
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To: Sarah Barracuda
All according to plan..the ultimate goal..single payer which progressives have wanted for what, 100 years now

I bet the Senate DEMs from red states up for re-election have been chugging Maalox all day ...

12 posted on 01/23/2014 5:59:04 PM PST by Lmo56 (If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
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To: Lmo56

13 seconds, YouTube:

“You can build a coal plan, but we’ll simply BANKRUPT them...”

http://www.youtube.com/watch?v=A80rwNkLXFM

Very frank about it.


13 posted on 01/23/2014 5:59:44 PM PST by gaijin
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To: Lmo56

I dont think the Dems from red states even care at this point..can the law even be repealed? As long as King Obama is in power no matter what the law is still the law so to him, he already has what he wants..he will bankrupt the insurance industry just like all progressives want..so they can have the single payer system they have always wanted


14 posted on 01/23/2014 6:00:42 PM PST by Sarah Barracuda
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To: Lmo56

BOHICA


15 posted on 01/23/2014 6:00:51 PM PST by stilloftyhenight (Unite in the primary to unseat RINOs...staying home isn't an option.)
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To: Lmo56

His ignorant supporters didn’t see this coming;

(why are the schools still trying to dumb-down people? I think their commie goal has been reached.)


16 posted on 01/23/2014 6:01:57 PM PST by Mortrey (Impeach President Soros)
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To: Lmo56

Well, it’s certainly a good thing you built a TARP bailout into the law.

I wonder, “will you renege and litigate your way out of that which the law obligates the government or will Eric Holder contrive a series of novel prosecutions for the band to play a hommage to as the ship rolls and finally sinks.


17 posted on 01/23/2014 6:02:24 PM PST by Vendome (Don't take life so seriously-you won't live through it anyway-Enjoy Yourself ala Louis Prima)
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To: molson209

https://us-mg6.mail.yahoo.com/neo/b/message?sMid=1&fid=Inbox&sort=date&order=down&startMid=0&filterBy=&.rand=1361825934&midIndex=1&mid=2_0_0_1_11051670_AM5K2kIAAA6GUuHDTQAAADP1WNM&fromId=

received three of these from Obamacare in my email today


18 posted on 01/23/2014 6:05:43 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-hereQaeda" and its allies.)
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To: Sarah Barracuda
... so they can have the single payer system they have always wanted ...

Single payer will NEVER pass Congress - at least for 20 years, if EVER. Not after THIS POS legislation. If they try it, those who vote for it can kiss their careers goodbye ...

19 posted on 01/23/2014 6:06:38 PM PST by Lmo56 (If ya wanna run with the big dawgs - ya gotta learn to piss in the tall grass ...)
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To: Lmo56

I’m sure that hospitals and providers will be very happy to know that their patients are “covered” by soon to be bankrupt insurance companies. Just think how long it will take for claims to be paid, and how many procedures will be denied.
When payments slow, and procedures are denied, layoffs will ensue, and patients will need to put money up front.


20 posted on 01/23/2014 6:38:38 PM PST by grumpygresh (Democrats delenda est. New US economy: Fascism on top, Socialism on the bottom.)
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