Posted on 11/27/2013 3:46:02 AM PST by tobyhill
The U.S. government is proposing compensation to help insurers participating in Obamacare health exchanges who fear that their costs will spin out of control if their plans are dominated by sicker people.
Fears about cost burdens from sicker patients increased when President Barack Obama introduced a "fix" to fulfill his promise to let people who like their existing insurance plans keep them.
The exchanges were created as part of Obama's healthcare reform law, popularly known as Obamacare. An estimated 7 million people are expected to sign up in the first year. Insurance went on sale on Oct. 1 and goes into effect on Jan. 1.
The law also set new standards for health insurance that millions of existing policies did not meet, causing companies to send cancellation notices that critics said broke Obama's long-standing promise that people could keep their policies.
(Excerpt) Read more at in.reuters.com ...
And why the RINOs support ObamaCare...bribes from Big Insurance
I wonder who winds up paying for this? ...the tooth fairy?
Sounds like an expenditure. Has the House voted this in?
Just kidding.
Oh and by the way if your insurance policy does meet these requirements, you are deemed to have a "Cadillac plan" and we are going to tax you at 40%.
Send in the Clowns, don't bother they are in Washington DC.
The whole plan is one big Clusterphuck from beginning to end.
While enrollment will be blamed, the real collapse of Obamacare will be the result of all the exemptions and handouts given.
The public has 30 days to comment on the proposed changes.
As you imply, the place for spending comments is supposed to be among our representatives.
If I understand the deal to close the so-called government shutdown, Barack Hisself has all spending authority until sometime early next year.
Why bother with a House of Reps or Senate at all?
True that.
Zero and the Democrats have done something that I would have thought impossible just 6 years ago -- turn a system that's "truly dysfunctional, often chaotic", "spectacularly wasteful" and "expensive" (to quote Zeke Emanuel, one of Obamacare's primary movers) into something that's many times worse.
We had a health care system that cost too much, but did some amazing things. Now we have a health care system that still costs too much, but doesn't work.
Bump
Insurance companies are the unindicted co-conspirators in this mess.
We need to start making it VERY clear to them that WHEN we return to power, things will NOT go well for them.
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