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Politico: Individual Market Fix Is A Non-Starter

From the water carriers at the Politico:

Viable fix for individual market may be non-starter

By JENNIFER HABERKORN and BRETT NORMAN | November 12, 2013

It’s not so easy to repair the White House’s broken promise that millions of consumers would be able to keep their insurance coverage under Obamacare, according to several health and insurance industry experts.

President Barack Obama apologized Thursday to the Americans who are losing their coverage despite his pledge and has ordered aides to look into options to try to fix the problem. But there are no obvious solutions that would restore their plans without significantly disrupting the insurance market.

"Disrupting the insurance market" has never stopped Obama from doing whatever he wanted before. But they will use this excuse, anyway.

In fact, you can bet that this was always the plan. The idea was to burn all our bridges behind us, so we can’t go back.

Allowing the 2013 plans to continue to operate into 2014 — a proposal that has generated interest in Congress — is considered unlikely. Insurers wouldn’t be able to quickly restore plans that are already being shut down and it would undercut some central promises of Obama’s signature law.

As to the first objection, why not? How hard would it be for the insurance companies to cancel the cancellations?

As for the second objection, don’t make us laugh. Obama has already changed the "central promises" of Obama-Care a dozen times. Besides, what was more of a "central promise", than the promise that we could keep our plan if we liked it?

Jonathan Gruber, one of the authors of the Massachusetts health plan and an MIT economics professor, says such an idea is impractical. There is no “free lunch” in which people can just decide not to join the Obamacare plans, which were priced on the assumption that the insurers would get a certain number of customers.

The White House is “just reacting to one broken promise by imposing a much larger and harmful one: our promise to insurers that if they priced fairly, we would deliver a broad pool of insured,” Gruber wrote in an email. “If you allow the healthy enrollees to stay out in their old policy, the insurers lose money and the program falls apart.”

Mr. Gruber is a paid shill ($400,000) for Obama-Care. But even he is tacitly admitting that Obama-Care depends entirely upon the old plans being cancelled.

It gets worse, Gruber said. If the Affordable Care Act scheme falls apart, Obama is breaking the promise to the 30 million uninsured who don’t get to participate in a balanced insurance pool…

And never mind that more people will end up losing their insurance than will ever gain insurance under Obama-Care.

The problem centers on the up to 6 million people who have policies in the individual market. About 3 million to 4 million of them — estimates vary a lot — are expected to lose their current coverage because their plans don’t meet Obamacare standards and they weren’t grandfathered in to be exempt from those rules…

And the actual number of people losing coverage is higher. Since most of these cancelled plans covered more than one person.

Even if the Obama administration issued some kind of executive order that allowed 2013 plans to continue to operate, insurers say they cannot feasibly restore their policies in time…

Sorry, we still don’t believe it. They didn’t object to having the employer mandate delayed. Which must have caused them a lot of paperwork.

Plus, it would be a tacit admission by the White House that at least one piece of the law isn’t working…

So millions have to suffer so that Obama doesn’t lose face?

The Huffington Post reported that the administration is considering providing subsidies to those who lost coverage but wouldn’t quality for subsidies otherwise under the law…

That is, they want to buy off these people until after the elections. — And never mind that doing so would cost trillions of dollars. If it means that the Democrats could get total control of Congress, it would be worth it.

This article was posted by Steve Gilbert on Tuesday, November 12th, 2013. Comments are currently closed.

2 Responses to “Politico: Individual Market Fix Is A Non-Starter”

  1. captstubby

    this was always the plan.
    “What did you do, Ray?!”

    Ghostbusters
    1984

    Egon Spengler:
    There’s something very important I forgot to tell you.
    Peter Venkman:
    What?
    Spengler:
    Don’t cross the streams.
    Venkman:
    Why?
    Spengler:
    It would be bad.
    Venkman:
    I’m fuzzy on the whole good/bad thing. What do you mean, “bad”?
    Spengler:
    Try to imagine all life as you know it stopping instantaneously and every molecule in your body exploding at the speed of light.
    Ray Stantz:
    Total protonic reversal.
    Venkman:
    Right. That’s bad. Okay. All right. Important safety tip. Thanks, Egon.

    Raymond Stantz:
    Everything was fine with our system until the power grid was shut off by d..kless here.
    Walter Peck:
    They caused an explosion!
    Mayor
    : Is this true?
    Peter Venkman:
    Yes it’s true. [pause] This man has no d..k.


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