Skip to comments.CNN source: If White House has no solution by Friday, Dems may vote for “Keep Your Plan Act”
Posted on 11/12/2013 7:01:51 PM PST by SeekAndFind
Amazing stuff via Mediaite. The “Keep Your Plan Act” is Fred Upton’s bill, which Jay Carney spent a few minutes attacking at today’s press briefing because it would make canceled plans available to all consumers, not just the ones who’d been enrolled in those plans before. That would be a disaster for the insurance industry. Healthy people would flee the new, more expensive plans for the resurrected cheaper ones, leaving no one in the new risk pool except sick people with very expensive treatments. That means either heavy losses for insurers, steep premium hikes next year to make up the difference, or some sort of federal bailout (congrats, red-state Democrats!) — or maybe a little of all three. You’ll have the same problem, though, albeit to a lesser extent, even if Upton’s bill is amended so that it applies only to people who’d been enrolled in a particular plan before it was cancelled. You can’t run a two-tiered healthy/sick insurance system. If the risk pools aren’t merged, replete with higher rates for the former, you can’t pay for the latter.
I understand why the GOP would back Upton’s bill. It’s a slam dunk politically, grinding Obama’s face in the consequences of his lie. This is the Democrats’ mess; Reid and the Senate can/will kill the bill if they like. I can’t understand why House Democrats, aware of the adverse selection problem that’s lurking here — and the political humiliation for the White House — would sign on, unless they’ve already reached a point of such pure terror over the “if you like your plan” backlash that they’re willing to kneecap ObamaCare six weeks out of the gate. Did they … not understand that millions of people were going to face cancellations and higher premiums under the law’s redistributive scheme? Of course they did. Steny Hoyer, number two in the Democratic caucus admitted it on October 29th. Fast forward two weeks and here’s where Hoyer is now:
I dont know what Im gonna do on the Upton bill, the Maryland Democrat said at a Tuesday briefing with reporters when discussing legislation sponsored by Energy and Commerce Chairman Fred Upton, R-Mich.
Hoyer noted that he was inclined not to be for the Upton bill at this time, but he emphasized that he was not closed to the option, and would reserve judgment until he had seen the legislative text, which is reportedly undergoing some tweaks.
I agree that people who purchased their policies prior to [the law's enactment date] ought to be able to keep their policies, he said.
If he agrees that they should be able to keep their policies, why did he vote for ObamaCare? The whole point of the law is that healthy middle-class people shouldn’t be allowed to keep policies that have relatively low premiums. We need to gouge those suckers with higher premiums for new “comprehensive” plans so that we can pay for the preexisting conditions of the sick. It’s like voting for immigration reform and then feigning surprise in five years when the newly “secure” border hasn’t halted illegal immigration. It’s not supposed to do that. That’s something you tell the hoi polloi in order to give Congress enough cover to vote for it.
The vote on Upton’s bill is set for Friday, which, per CNN’s source on the Hill, means the White House has 48 hours or so to come up with its own proposal for letting people keep their plans — adverse selection problem or not — before Democrats head for the lifeboats. Greg Sargent claims that the Democratic leadership is now warning the rank and file that rich liberal donors won’t look kindly at them if they abandon The One on his big “accomplishment.” I’ll leave you with this, just to show that the fear isn’t limited to Dems in red states. After a million cancellations, even DiFi’s nervous:
Feinstein: "I have decided to cosponsor Senator Mary Landrieus (D-La.) legislation: Keeping the Affordable Care Act Promise Act."
CLICK ABOVE LINK FOR THE VIDEO
“Not good enough. A veto can be overridden with 2/3 majority in each house. Id like to see if Dems have the courage to override Obamas veto.”
Sorry, this bit of political theater is being staged only for the benefit of Democrats up for re-election next year. They’ll get to “bravely stand their ground”, and Obama’s veto will also stand.
I’ll quote Ben Franklin here:
“This will be the best security for maintaining our liberties. A nation of well-informed men who have been taught to know and prize the rights which God has given them cannot be enslaved.”
“There is no mention of how the risk corridor program will be funded if the amount that HHS must pay to insurers exceeds the amount HHS receives from insurers.”
What am I missing?
The Obamacare freelaoders have to pay a whole lot, or the paying insured have to pay a whole lot, or taxpayers have to ‘subsidize’ a whole lot.
I don’t see any other choices and the last is the only politically ciable one.
:) all talk,Dems will not vote for it.
You just nailed it.
This is just a feel good vote to help dems distance themselves from the very damage that they are inflicting.
Seriously, we knew Obamacare was going to stink. But did ANYONE think it was going to be of this magnitude and consequence so soon? I think we are witnessing the greatest debacle in American history, not just the failure of Obamacare but the public castration of Barack HUSSEIN Obama.
Basically, todays worst-case scenario is that HealthCare.gov takes months to fix and the mandate is delayed until 2015, resulting in widespread adverse selection. Insurers wouldnt recoup all losses, but the risk corridor program provides their bottom line with a substantial buffer. Importantly, it doesnt need to be budget neutral; if the math demands it, the government can pay out more than it collects through the program. This could be expensivethe CBO scored the health law as though risk corridors were budget neutralbut it could also be offset by foregone subsidies.
Here’s the existing law’s BAILOUT formula for the insurance companies:
But funds were never appropriated to make up the cosst if the ‘risk prevention corridors’ were not revenue neutral.
As far as I can see- and the law is difficult to understand (to say the least)- any funds to for the ‘corridor’ would have to be appropriated by congress.
Which the Dems would love to run on in 2014 and do when they’re put back in control of the House.
And at what price, if so?
Ours went up 20% last year and is scheduled to go up another 20% in 2014.
I don't see this ending well with out the total repeal of the "A"CA.
The dems can kiss ass. Keep and Defend the Constitution Act should be on their mantle.
Everybody gets to go home and get some rest.
Senator Kay Hagan, you are up for a fight. Take your socialism and shove it.
This Nation is about freedom FROM government.
That may have been their original plan, but these amateurs completely blew it. After this spectacular, disastrous fail, the last thing anyone (particularly Democrats running for re-election) wants is government MORE involved in health care. These people completely blew their chance, and at the unbelievably wrong time (for them I mean!). The ineptitude on display is even being noticed by the lowest of low-information voters.
Modifications or delays will only allow this "law" to "succeed". It must not be allowed to succeed in any degree. It must be defeated entirely. The only way that is going to happen is if the idea of socialism is destroyed. We must salt the fields so that this poison seed can never grow again. Their suffering is that salt, the fields their hearts and minds.
It is unfortunate that we who reject the Democrat's socialist swill must suffer as well. The body-politic must suffer the fever to kill the disease. The fever may run high, but it is necessary.
Every Rat that voted for the ACA must be taken out.
And every GOP’er that tries to help the Rats “fix” this must also be taken out.
The law is doomed. Let it crash.
If this law passes, is it a de facto repeal of parts of Obamacare, or are they creating two conflicting laws that can't both be enforced?
Someone who wants to start trouble can file a lawsuit arguing that one or the other law must be struck down, because they can't both the "settled law of the land."
So, if Democrats go on the record repealing parts of Obamacare, does that open the floodgates for Republicans to introduce other repeal laws, since the Democrats went first, essentially admitting it was bad law?
“This is just a feel good vote to help dems distance themselves from the very damage that they are inflicting.”
Get back on the sinking ship, Rats.
For the Chris Matthews of the world, it means getting away.
We’ll have to put a metaphorical gun to their head.
I think it was really a back door deal with the insurance companies to get reform by transferring boatloads of revenue into their pockets. No matter what happens going forward the grifter twits in Congress with ensure the insurance companies will make they money.
And the insurance companies are just going to eat the cost of putting it all back like it was?
No kidding! What a nightmare and FReepers saw it coming several years ago.
Thanks for the thread!
I will work tooth and nail to rid myself of idiots in charge of our nation.
I want the Constitution and nothing less. If they cannot keep that charge, they are to be dismissed.
Thanks SeekAndFind. That assumes that a war doesn’t start by then. Gasoline was $3.069, something like that, so I topped my tank tonight on the way home.
But that is the state of the Republican party. They should be sending a new bill to stop Obamacare in its tracks every day, and make the Democrats vote to continue this train wreck. But The Republicans will probably send up and amnesty bill to detract attention and piss of the American people even more. I hate to sound like this, but this is a great opportunity to help the American people. unfortunately the GOP doesn’t have the guts to fight.
The best solution would be to outlaw all medical insurance, and allow treatment costs to sink back to a normal level, like they were in the ‘50s before “health” insurance came along.
Health Insurance was the answer to wage and price controls in the 40’s.
>> “ Democrats will get to boast about their courage in voting for this bill.” <<
People will remember that they voted for the other bill first.
REPUBLICANS NEED TO OPPOSE THIS UNLESS THERE IS AN ATTACHMENT WIHT FULL R E P E A L! !!!
Countdown to Friday mayhem ping.
In 1952 one of my classmates’ mother had her leg amputated for cancer, and the bill came to an astounding $400.
That is a months pay or better. I hope she lived well.
Congress has to pass it first.....then find out what's in it. Have you forgotten that already?
Also, it’s not a law until the executive bureaucrats write the regulations. They are the real (unelected) legislature.
Her husband was the youngest captain on the Oakland PD.
She was an absolute fox! (I was almost 8 years old)
I had a serious crush on my 2nd grade teacher. I promised to never release the videos.
The Rats are hoping they can unspill the spilt milk. Ain’t gonna happen. For one thing they got only 6 weeks before millions find themselves without health insurance. Ain’t enough time to fix ANYTHING before then. And besides those polices are kaput, and no amount of legislation can make them come back any more than legislation can undo the damage wrought by a Cat 5 tornado.
The plans don’t exist anymore so how can they get them back?
Just another lie to trick the people.
You are too generous I wish for their untimely demise.
This is called the (Obamacare) death spiral.
Dems are in a panic.
Obama is probably counting on this dying in House.
So... we’ve been paying for this fiasco for 3 years now, to help it get on its feet... if it is repealed, where did the money go?
That is the point. People need to understand law.
These policies are illegal. Obama just stepped into a pile of law that even he can’t clean off. Even if he dumped it himself.
>> “ I promised to never release the videos.” <<
Obama will have to veto it. It would speed the collapse of Obamacare. The folks whose plans were cancelled have to pay exorbitant new premiums.
No one seems to be asking this question.
>> “where did the money go?” <<
To the sterling individuals that funded Obummah’s election.
I can see why the WH would attack it from a political standpoint. But even if it goes forward I can see how they end up winning in the long run. WH and dems will pass legislation restricting rates and basically make it so insurance companies fold. If enough damage ensues to insurance companies that paves the way for the dems to come to the rescue with single payer which is what they want anyway. They want insurance companies to fail.
Haven't said that I think the political reality in short term though is they prefer to have their "plan" preserved so they are not seen as backtracking. Now that they control this industry they can always find a way to screw insurance companies later and move to single payer. either way they win. The RINOs cant do much except pass this bill (with dem support) which does help some people now. The little people are grateful for any crumbs the RINOs can throw them.