The back end still hasn't been built, so insurers are dealing with massive confusion ... there's no way to effectively match policies and people ... no way to calculate federal subsidies ... big problems in terms of just the mechanics of making payments.
“Administration fears part of health care system so flawed it could bankrupt insurance companies”
Fixed it.
Administration plan of health care system so flawed it will bankrupt insurance companies setting stage for government take-over.
Guess we’ll just have to move on to a single payer system... you’d almost think it was designed this way...
“Administration fears part of health care system so flawed it could bankrupt insurance companies”
Hell, I thought that was the idea all along.
There... fixed it.
This POS was never about “reform”
“Then it went even further, saying if the problems were not fixed by mid-March, “they will result in financial harm to the government.”
I guess 17 trillion in debt doesn’t warrant any concern.
Obamacare was designed and intended to be so terrible that the sheeple would quickly beg for socialized medicine.
Say goodbye to the best medical care the world has ever known. Say hello to Canadian style socialized healthcare.
You all just beware. The general idea is to get to Single Payer. But, to prevent that, the ball less GOP will in fact agree to “Fix” Obastard care to stop the single payer.
This is what the assholes are up to. It’ll either be single payer, or fix Obastard care.
No ! It's all part of the Marxist Cloward–Piven strategy. Fear ?
And bankrupt the federal government too.
Liberal bs gets gored/mauled by economic reality:
http://www.freerepublic.com/focus/f-bloggers/3114799/posts
Moody’s downgrades health insurers over ObamaCare uncertainty
The Hill ^ | January 23, 2014 | Jonathan Easley
Posted on by Cincinatus’ Wife
Moody’s announced Thursday it was downgrading its outlook for health insurers from stable to negative based on uncertainty related to ObamaCare.
The credit rating agency cited an unstable environment because of the healthcare law’s difficult rollout, and projected that insurers would earn two percent less than forecast in 2014.
“While we’ve had industry risks from regulatory changes on our radar for a while, the ongoing unstable and evolving environment is a key factor for our outlook change,” Moody’s Senior Vice President Stephen Zaharuk said in a statement. “The past few months have seen new regulations and announcements that impose operational changes well after product and pricing decisions were finalized.”
The Moody’s report also cites the slow enrollment of young people into ObamaCare as a reason for the downgrade.
“Uncertainty over the demographics of those enrolling in individual products through the exchanges is a key factor in Moody’s outlook change,” the ratings agency said.
Citing statistics released by the administration, it noted that so far about 24 percent of enrollees are between the ages of 18 and 34, while a target of 40 percent may be necessary to keep premiums from rising in the future.
It said the 24 percent of young people enrolled so far is “well short” of the 40 percent target.
Moody’s also said it was worried that insurers’ premium calculations may not be enough to cover the industry assessment tax that begins in 2014.
“These changing dynamics will have an uneven effect on insurers, as the impact of these factors will vary by market segment and geography,” it said. “Moody’s view continues to be that the larger and more diversified insurers will be better positioned, both financially and strategically, to meet the challenges facing the sector.”
The Obama administration has implemented a string of unilateral changes and delays to the healthcare law that has drawn complaints from insurers.
The administration is allowing insurers to continue offering bare-bones plans to those who had them previously in an attempt to quell the bipartisan outcry over the president’s broken promise that if you like your plan you can keep it.
The White House has also delayed the premium payments deadline, delayed by one week the sign-up date for coverage beginning Jan. 1, pushed back by six weeks the sign-up date for those seeking coverage by April 1, delayed the second-year enrollment period until after the 2014 elections and extended the enrollment deadline for people with pre-existing conditions
The admin, in classic Chicago style, just wants to steal the “rake” from the insurance industry. It’s that simple, and it’s many billions annually. At the same time, they will obtain control over essentially everyone, since they can deny or threaten to dent med care to anyone they wish. This is the biggest power and money grab ever initiated against the American people and is quite possibly the most vicious, evil thing ever perpetrated. It is near Pearl harbor in its level of treachery and there is no question that by March, say, it will have had fully the equivalent impact of 9/11. Meaning, kill 3000 people and cost $100 billion (the last figure I heard wrt the impact of 9/11 on the economy) I do not exaggerate.
the young are not signing up either
Given the collapse of the private health insurance sector, President Obama ordered all Americans to enroll in Medicaid.
Well, Shazzammm! That was the original intent of the ComDem Plotters.
Destroy the US.
Destroy Capitalism.
Destroy Freedom.
Enslave the Greatest Nation in the World.
FUBO!