Insurance Companies Profit from Obamacare
No one can reasonably deny that the major
Insurance Companies were the driving force behind the writing of the Affordable Care Act legislation.
"The health care industry spent nearly $500 million lobbying for health care issues in 2012, and $243 million so far
in 2013." Obamacare or Corporate-care:
The Writing of the Affordable Care Act, sums up the process.
"Essentially, the ACA was designed to write the for-profit health care system into
law, increase corporate profits, and to discourage people from demanding a health care system that would actually provide
real health care coverage for all. The ACA wasn’t written to fix a broken system – it was written to ensure that
the broken system would be kept in place. After all, from the standpoint of the health care industry, the system is working
just fine for their profits."
Since the public insurance
providers are enjoying a jump in their stock values and a protected rise in premiums, the normal conclusion is that Obamacare
is the big winner in the socialization of medicine. Before going any further, The Health Care Blog raises a curious issues
regarding Obamacare in the article, Does Obamacare Limit Profits
for Health Insurance Companies in Your State?
"The ACA imposes a minimum medical loss
ratio (MLR) on all insurers. The MLR is the amount of money spent on covered person medical care divided by the total revenue
received through premiums.
The ACA requires health insurers in the individual
and small group market to spend 80 percent of their premiums (after subtracting taxes and regulatory fees) on medical costs.
The corresponding figure for large groups is 85 percent.
the MLR is a national law, it may not apply in your state. Why? Because many States are petitioning for a waiver.
Why did these States receive waivers? For a variety of reasons, but one of the reasons is
due to the fact that some states have a less competitive medical market. Maine, for instance, requested a MLR of 65%. The
reason was that State only has two large commercial insurers, Anthem Blue Cross Blue Shield (with 49% of the market) and MEGA
Life and Health Insurance Company (with 33% of the market)."
put this argument into a proper perspective. WHY should insurance companies profit at all, and WHY is it necessary for private
companies to issue insurance for medical coverage to begin with?
of Negotium know this series advocates free enterprise economics. However, the mandate requirements in Obamacare are nothing
more than a guarantee for insurance companies to terminate current catastrophic coverage and offer highly expensive policies
that include unnecessary treatment.
With this reality in mind, as the
horror reports come in daily, sticker shock is forcing Middle America into untenable decisions. Add the practice of reducing
employment to part time status and that train wreck is becoming more like the black plague. The
medical care alternative is not universal Medicaid for an impoverished population. However, the article Rush on Medicaid could
spell trouble for ObamaCare’s health, cites "The Democrat and Chronicle newspaper reports that in New York, nearly 24,000 of the 37,000 newly enrolled
residents are going into Medicaid, which millions of New Yorkers are already on. Just 13,313 chose private plans."
Such blowback dooms the
failed experiment. When your heart stops pumping, a bypass will not work. It is time to look for a transplant.One such option outlined in the essay, Could nonprofit health
insurance plans be the real reformers?, is a viable alternative would be the fostering of nonprofit health insurance
CO-OPs (Consumer Oriented and Operated Plans) throughout the country.
The Affordable Care Act might even facilitate a medical graft.
"They could even hasten the day when the big investor-owned corporations cede the marketplace
to nonprofits and move on to other ways of earning a profit.
law provides a total of $3.4 billion in loans for local groups that meet high eligibility criteria, so several more prospective
CO-OPs will be selected in the months ahead. We’re not talking about grants here. The start-up money must be repaid
to the government — with interest. All of the CO-OPs will have to offer coverage through the Internet-based marketplaces
(exchanges) the reform law requires states to establish by January 1, 2014.
all goes as planned, every state will have at least one CO-OP. And there are reports that at least one plan already has negotiated
a good rate with local hospitals by explaining how CO-OPs can help them reduce the amount of uncompensated care they incur
every year by treating uninsured patients."
real world, the lobbyists for the mega corporatists own the politicians. In spite of this influence, the uproar of the citizenry
is building, by the fallout from the Obamacare weapon of mass destruction. The normal fallout shelters for the careerists
"pols" will not protect them from the wrath of a sickly public, who cannot afford medical coverage.Add to this diagnosis, Obamacare Causes Doctor
Deloitte Center for Health Solutions survey of more than 600 physicians, which found "Six in 10 physicians (62 percent)
said it is likely many of their colleagues will retire earlier than planned in the next one to three years."
The prescription for a long-term solution is to promote alternative medicine that reduces
a damaging dependency on pharmaceutical drugs. The side effect disclaimers need to extend to the practice of medicine itself.
Excluding homoeopathy alternatives coverage from patient’s choice only perpetuates the for profit hospital model. Charity
medicine, now viewed with the same disdain as bloodletting, by the medical establishment, is a prime causality of the Obamacare.
The lobotomy culture never will cure the mental illness of the eugenics cult. Insurance
companies will play divine with their clout of who qualifies for payment of treatment. In an interview, The God Factor Interview, Obama states: "If there’s a senior citizen in downstate Illinois
that’s struggling to pay for their medicine and having to chose between medicine and the rent, that makes my life poorer
even if it’s not my grandparent." Well, your health insurance donors will not suffer, only the rest of us.
James Hall – October
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