Posted on 03/16/2014 2:59:56 PM PDT by SoFloFreeper
Keeping up with the delays and extensions in Obamacare has become a new pastime for reporters. Now, they may have one more delay to add to their list. According to Kaiser Health News (and first reported by subscription-required InsideHealthPolicy), the Obama administration this week said it is considering a rule change that would relax the enforcement of the medical loss ratio (MLR) provision for health insurers.
The MLR provision, which took effect in 2012, requires insurers in the individual and small-group markets to spend 80 percent of every insurance premium dollar (85 percent for insurers in the large-group market) on medical care and expenses for customers. The remaining percentage can be used for administrative costs and profits. If an insurer does not meet its ratio, it must issue a rebate to its customers.
(Excerpt) Read more at blog.heritage.org ...
My opinion: this was a mere framework to just put Obama and the death panels in control of EVERYTHING related to health care...a "delay" is a power grab that attempts to take power out of the legislation and into the hands of bureaucrats.
Even when I was a kid, I knew that the President could not legally change the law without Congress first approving the change. Obama is the President - he should know better.
Another day, another delay. The Abominable Care Act.
It’s clear you had a Pre-Common Core education. You should be ashamed of your ignorance. Back to first grade with you, Bub.
Rush raised a great point the last couple weeks — if Obastard Care is so wonderful, why haven’t the Dems rolled out endless commercials of happy Americans extolling its virtues?
LOL!
When is the “law” no longer the law?
This Medical Loss Ratio never made sense to begin with.
First of all, 80% of what? Jacked up prices?
How do we know that they weren’t going to pay 80% of jacked up prices and then get a kickback in some way?
I got so tired of people telling me that the MLR was so wonderful because it curbs insurance company profits. No it doesn’t. It just provides an even greater incentive to fiddle the price of medial care, drugs, devices, hospital stays etc.
“It’s clear you had a Pre-Common Core education. You should be ashamed of your ignorance. Back to first grade with you, Bub.”
At least he had good intentions.
The Democrats passed Obamacare without a Republic Vote.
Now they expect Republicans to like Obamacare? It is a Democrat Bill that was passed for Democrats to enjoy.
Now King Obama can change the Law anytime he chooses?
Something is out of whack with this picture.
O/Care's Medical Loss Ratio provision, which took effect in 2012, forces insurers to spend a percentage on medical care and expenses. The remaining can be used for administrative costs and profits. If an insurer does not meet its ratio, it must issue a rebate.
Democrats are frantic---wishing they hadn't said "you can keep your plans." But they cannot wish away the destruction their historic straight party-line vote foisted on Americans:
(1) throwing Americans off affordable health plans,
(2) burdening Americans w/ ruinous deductibles,
(3) nationalizing 1/6 of the US economy,
(4) abandoning the elderly and the chronically ill,
(5) empowering IPAB's (Death Panels),
(6) decimating intergenerational transfers of wealth,
(7) drug rationing for seniors,
(8) pulling $750 million out of Medicare,
(9) foisting trillions of dollars on taxpayers to pay fro this boondoggle.
Trusting Americans are not used to being lied to by their president. Now, they are disillusioned b/c Obama promised over and over that they could keep their plans.
Americans are learning that, far from being a national asset, Obama/Care is political flim-flam, a shady ruse being used to superglue Obama's socialistic goals on a recalcitrant America.
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