Obama retreats on Obamacare, allows existing low-cost policies to continue

The Daily Caller ^ | 11/14/2013 | Neil Munro

[Hotlanta Mike]

President Barack Obama has decided to save his endangered Obamacare law by suspending for one year enforcement of the law’s critical but unpopular elimination of roughly 15 million low-cost insurance plans held by Americans who buy insurance on their own.

The plan sets up the insurance companies to take the political blame for the Democratic-designed Obamacare plan during the 2014 election.

Officials explained the president’s decision as a prerogative of the nation’s chief law-enforcement officer.

[Hotlanta Mike]

The presidential directive is likely to be protested by insurance companies because it will likely cost them a large amount of money.

That’s because they would be selling high-cost Obamacare-compliant insurance at low prices to older and sicker people people, but would not be recouping all their losses by selling the same insurance to young people who likely won’t get sick.

Instead, the younger and healthier people could buy lower-cost pre-Obamacare insurance.

But if the insurance companies protest this money-losing plan, Democrats will be able to blame them during the 2014 campaign.

[C. Edmund Wright]

Actually, I’m not sure that’s what this statement measn…then again, it’s such gibberish, I don’t think anyone does.

But unraveling millions of cancellations is not easy to do…..again, people who havent run a business a day in their lives thinking they know best how to run a multi billion dollar industry.

[Jim Robinson]

Repeal it NOW!!

[SkyDancer]

If people couldn’t afford health insurance before, how will they be able to pay for ACA? And it being mandatory. And again, it’s health insurance not health care. Good luck in finding a doctor or hospital that would accept it.

[Veggie Todd]

Isn’t it illegal to offer these low-coverage plans?

[NonValueAdded]

What a mess! First of all, does he have the power to do so? That is questionable. Next, policy offerings are managed by State Insurance Commissioners. Yes, the ACA sets some requirements but it is still a function of the states to regulate their insurance markets. Finally, insurance companies did not perform the necessary underwriting functions for policies they were told could not be written in 2014. This is a huge clusterflop. REPEAL IS THE ONLY ANSWER.

[swamprebel]

Insurance companies won't take the bait. They have spent 3 years basing the new plans actuarial pricing based on at least 2.6 Mil young healthy people being forced into the plan class. Without them the metallic plans (aca compliant bronze, silver, gold, and platinum) can't sustain themselves.

[Common Sense 101]

But if the insurance companies protest this money-losing plan, Democrats will be able to blame them during the 2014 campaign.

How do you figure? The plans that were cancelled are illegal and cannot be sold under $hit-for-brainsCare; $hit-for-brains fascist just issued an edict that says they can again sell the "substandard" plans simply because this $hit-for-brains said so... legally, exactly how does a private insurance company comply with these two disparate diktats?

[Son House]

But weren’t these ‘substandard policies’?

[Parmy]

Isn’t it illegal to offer these low-coverage plans?

This whole law was illegal from the get-go. Obama waving his magic wand changing the law at this time is totalitarian and illegal.

[ThomasMore]

How can this guy just up and change the law. How can he get away with any of what he’s doing. This is treasonous.

[DJ MacWoW]

Presidents Do Not Have The Constitutional Power To Change A Law
Barry The Dictator Believes That He Does

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[JimSEA]

Seems to just be a way to switch the blame over to the insurers, AKA greedy capitalists only concerned with making a profit and who don’t care about people. Meanwhile, Obama shows how much he cares, really cares. He didn’t cancel all those policies after all.

[Hotlanta Mike]

But weren’t these ‘substandard policies’?

---

Obama announces he will allow subpar or junk policies to be sold by bad apple insurance companies

http://www.freerepublic.com/focus/f-bloggers/3091299/posts

[C. Edmund Wright]

Well yes, it’s that…but I’m still not sure “WHAT” he said….I know “WHY” he said whatever it was….

[Paulie]

Okay, 0 had his speech and now we have a delay.

Can we get back to Benghazi now?

[Youngman542012]

I wonder how Judge Roberts feels right now...I hope stupid

[Orangedog]

The presidential directive is likely to be protested by insurance companies because it will likely cost them a large amount of money.

Good. I not only hope it bankrupts them, I hope angry mobs get their hands on all of their board members and corporate officers. I hope they are strung up, beaten like piñatas and dragged through the streets. Any group that bribes congress to force us to buy their product at gunpoint for whatever price they want to charge deserves every horrible thing I can image happening to them. And I can be quite imaginative when I need to be.

[Buckeye McFrog]

How can this guy just up and change the law. How can he get away with any of what he’s doing.

The media won't challenge him, the Pubbies won't challenge him, and any court challenge will take a minimum of 18 months to come before SCOTUS, if it even gets that far.

100% pure Machiavelli.

[mrsmith]

Yeah, it’s all about 2014.

I think you’ll see Dems running on spending more money to ‘fix’ it. Because they’re so compassionate...

That’ll motivate their “give me” vote. And motivate insurance industry campaign donors looking for subsidies to insurance buyers.
Should work very well for them.