Author Topic: Government Takeover: White House Forces Obamacare Insurers To Cover Unpaid Patients At A Loss  (Read 528 times)

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Online mystery-ak

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Offline EC

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Total genius. Force the insurance companies to break themselves.
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Offline AbaraXas

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Work at a loss. Works in so many other industries so well, why not insurance?

Offline Scottftlc

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Total genius. Force the insurance companies to break themselves.

And break themselves they will.  Ours is a fascist system.

They will blithely and peacefully walk into their own "gas chambers."
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Offline Oceander

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The title - and the article - do not accurately describe what the Obama (mal)administration is attempting to do here.  Certain it is that they believe they can bully and bludgeon insurance companies into saving the (mal)administration - and the democrats - from some of the worst consequences of the Obamacare rollout disaster; however, this effort isn't merely about forcing insurers to cover unpaid patients at a loss - certainly not in any long-term sense - but about getting insurance companies to in effect extend a month's credit to people who have already demonstrated the intent to purchase - and pay for - a policy from those insurance companies, an intent that they will act on as soon as they can (or are permitted to).  In other words, the (mal)administration wants insurance companies to agree to be paid in arrears for the first month of insurance coverage; it doesn't require that they agree to do so indefinitely.  It also doesn't mean that the insurance companies have to provide coverage that will never be paid for; the intent is to get companies to provide coverage for a month in advance of receiving payment of the premium for that coverage, not to permanently forego being paid for that month of coverage.

I'm not saying that what the Obama (mal)administration is trying to do is good, or even legal (it ain't), all I'm saying is that this is basically just another in a long line of examples of short-sighted action intended to save the democrats from themselves, and not some sinister step on the road toward the extinction of private for-profit health insurance companies.

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