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(Talking Points Memo)   The health insurance industry responds to Obama's proposed ACA fix: "Well I guess we're gonna have to jack up prices then"   (talkingpointsmemo.com) divider line 319
    More: Obvious, ACA, obamacare, health insurance, industry, America's Health Insurance Plans, insurance companies  
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8983 clicks; posted to Main » on 14 Nov 2013 at 3:45 PM (48 weeks ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



319 Comments   (+0 »)
   
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2013-11-14 02:00:17 PM  
wow, yeah, i'm shocked. no, wait - what's that thing that's the opposite of shocked?
 
2013-11-14 02:06:00 PM  
If you implement a health care act, we'll raise prices.

If you don't implement a health care act, we'll raise prices.

If you try to fix either situation, we'll raise prices.
 
2013-11-14 02:09:21 PM  

Blues_X: If you implement a health care act, we'll raise prices.

If you don't implement a health care act, we'll raise prices.

If you try to fix either situation, we'll raise prices.


img.fark.net
 
2013-11-14 02:09:22 PM  
Gee, one would think they had no intention of raising prices anyway. one would be a fool.
 
2013-11-14 02:09:56 PM  

Ambivalence: Gee, one would think they had no intention of raising prices anyway. one would be a fool.


this is why we need single-payer health insurance.
 
2013-11-14 02:15:19 PM  

FlashHarry: Ambivalence: Gee, one would think they had no intention of raising prices anyway. one would be a fool.

this is why we need single-payer health insurance.


I used to be against SP because I have such "cadillac" insurance and it used to be $0 coinsurance from my employer. But now that I see the mess that Obamacare has become, I've change my mind and think we need to allow anyone to sign up for Medicare, fund it by not needing to pay for Medicaid anymore, and if a company prefers to offer better/supplemental insurance they can as a job perk.

In other words, Germany.
 
2013-11-14 02:17:38 PM  
There's still the business of that pesky 85-15 rule, though. Can't get around that one.
 
2013-11-14 02:34:08 PM  

FlashHarry: Ambivalence: Gee, one would think they had no intention of raising prices anyway. one would be a fool.

this is why we need single-payer health insurance.


I don't really have a good argument against single-payer health insurance, but I can tell you that it will never happen in the US.

Do I have to explain why?

Even if all the peons working for the insurance companies were hired on to administrate it, it would still mean the fat cats who run the show at these insurance companies would be out of a job.
 
2013-11-14 02:43:01 PM  

gfid: Even if all the peons working for the insurance companies were hired on to administrate it, it would still mean the fat cats who run the show at these insurance companies would be out of a job.


Actually, I think it would make the insurance industry far more profitable as the supplemental health insurance would only kick in after Medicare+ (for lack of a better name). The insurance company's exposure for expensive care is diminished. Sure they'd be losing people paying in, but they'd have to pay out a whole lot less too.
 
2013-11-14 02:58:35 PM  

gfid: FlashHarry: Ambivalence: Gee, one would think they had no intention of raising prices anyway. one would be a fool.

this is why we need single-payer health insurance.

I don't really have a good argument against single-payer health insurance, but I can tell you that it will never happen in the US.

Do I have to explain why?

Even if all the peons working for the insurance companies were hired on to administrate it, it would still mean the fat cats who run the show at these insurance companies would be out of a job.


Never is a lot longer than any of us will be around. It will happen eventually, but we might not survive to see it.
 
2013-11-14 03:18:02 PM  
Insurance rates are going up?  must the Thursday.
 
2013-11-14 03:18:33 PM  
So Barry's proposed "fix" to the Obamacare disaster is to force insurance companies to provide the same policies that he forbid them to provide -for one more year (until just after mid term elections).  Then what?  "You can keep your plan, period" means period, not just for one more year.  Only a Biden idiot would buy this "fix"

/You did this Barry; you own this Barry, don't try to blame the insurance companies, the stupid citizens or anyone else for this mess.  This is your signature piece of legislation.  OWN IT BARRY
 
2013-11-14 03:22:25 PM  
changing business practices to accommodate the law costs money.

Uncertainty about the pool of people you will be insuring costs money too.

This means that the insurance companies have 32 days to reprogram their computer systems for policies, rates, and eligibility, send notices to the policyholders via US Mail, send a very complex letter that describes just what the differences are between specific policies and Obamacare compliant plans, ask the consumer for their decision -  and give them a reasonable time to make that decision -  and then enter those decisions back into their systems without creating massive billing, claim payment, and provider eligibility list mistakes.

All by January 1.


quoted from here.  yeah, i don't know how you get to jan 1 in 32 days, but whatever.
 
2013-11-14 03:26:51 PM  
Just how many frikkin Obamacare threads are required per day, anyway?

/we get it: the people that don't want it to work are thrilled sh*tless
 
2013-11-14 03:43:02 PM  
I hope they really thought this announcement through today. I don't see anyway they didn't just massively fark everything up with it
 
2013-11-14 03:46:37 PM  
Let them jack up the price. If their profit is over a certain amount, they have to rebate the difference.

Right?
 
2013-11-14 03:47:14 PM  

SlothB77: Uncertainty about the pool of people you will be insuring costs money too.


So by that logic. Repealing Obamacare would cost us money as well.
 
2013-11-14 03:49:25 PM  
Is this going to be the new five-threads-a-day thing?
 
2013-11-14 03:49:57 PM  
FlashHarry [TotalFark]

wow, yeah, i'm shocked. no, wait - what's that thing that's the opposite of shocked?

Well, you have the idiot tag after your name so lets dumb this down for you

Companies will now have to cover (if zero decrees this change with no legal authority) people with no chance of making up for lost pay outs with long term coverage.

Even you public school "graduates" should be able to understand that.

// but hey, lets biatch about businesses, rather than hold a liar to his word.
 
2013-11-14 03:50:35 PM  

FlashHarry: wow, yeah, i'm shocked. no, wait - what's that thing that's the opposite of shocked?


Frustrated, now I have shiattier coverage that covers less and costs me more.

Thanks a lot obamer
 
2013-11-14 03:50:42 PM  

Gosling: Is this going to be the new five-threads-a-day thing?


Would that it were only 5

/this is getting ridiculous
 
2013-11-14 03:51:00 PM  

MaudlinMutantMollusk: Just how many frikkin Obamacare threads are required per day, anyway?

/we get it: the people that don't want it to work are thrilled sh*tless


When you've said all along that something wasn't going to work, got attacked,  mocked, and called a liar for it, and then it turns out to be true, you're entitled to a lot of "I told you so".
 
2013-11-14 03:51:06 PM  
Can he just change some parts of other laws once people find out they suck (and are going to cost Dems votes) as it suits him?

This would be a much simpler system.
 
2013-11-14 03:51:13 PM  
To be fair, no matter what Obama did or did not do their reaction would still end up with "Well, we're gonna have to jack up prices!"
 
2013-11-14 03:51:26 PM  
Once again, I am the smartest man in the world.

No health insurance, don't intend to get it, and I don't have to worry about rates going up or down.

Though I would really love to see a doctor about my shoulder.  But hell, when difference with health insurance is $7,000 instead of $15,000, I couldn't afford it either way.
 
2013-11-14 03:51:34 PM  
Time to tell insurance companies to go F themselves and go to a single payer system, put more regulation on rates, and then regulate hospital charges. 1% gets less everyone else gets affordable health care.
 
2013-11-14 03:52:13 PM  

OnlyM3: Companies will now have to cover (if zero decrees this change with no legal authority) people with no chance of making up for lost pay outs with long term coverage.


Hence the insurance mandate to get younger people to help cover the costs of the people you mentioned above.

You're slowly learning.
 
2013-11-14 03:52:19 PM  
wait wut? capitulating to republican whining like a typical democrat has consequences? wow I could not have foreseen this.
 
2013-11-14 03:52:36 PM  
They should have just lowered the age limit on Medicare. The program is already in place, along with safeguards to reduce fraud and abuse. How many people thought Obamacare would NOT end up being a sloppily-written corporate blowjob to the insurance companies?
 
2013-11-14 03:53:16 PM  
What I don't get is that since everyone is required to buy healthcare now, then why aren't prices dropping?  Or am I confused on what this ACA is.  I mean it's just a new requirement that everyone must buy health insurance right?  And they're going to raise prices in a market where demand is mandatory?
 
2013-11-14 03:53:45 PM  

jjorsett: MaudlinMutantMollusk: Just how many frikkin Obamacare threads are required per day, anyway?

/we get it: the people that don't want it to work are thrilled sh*tless

When you've said all along that something wasn't going to work, got attacked,  mocked, and called a liar for it, and then it turns out to be true, you're entitled to a lot of "I told you so".


True, but the whole self-fulling prophecy thing plays a big role in this case.
 
2013-11-14 03:53:46 PM  

Mrtraveler01: OnlyM3: Companies will now have to cover (if zero decrees this change with no legal authority) people with no chance of making up for lost pay outs with long term coverage.

Hence the insurance mandate to get younger people to help cover the costs of the people you mentioned above.

You're slowly learning.


Which was the conservative alternative to single payer, which is what most liberals wanted.
 
2013-11-14 03:53:58 PM  

jjorsett: When you've said all along that something wasn't going to work, got attacked,  mocked, and called a liar for it, and then it turns out to be true, you're entitled to a lot of "I told you so".


1 Month in and already you're saying that it's not going to work?

Give me a break, by that logic, the Philadelphia Flyers are out of the playoffs because they're 7-10-1 only 2 months into the season.
 
2013-11-14 03:54:07 PM  

MaudlinMutantMollusk: Gosling: Is this going to be the new five-threads-a-day thing?

Would that it were only 5

/this is getting ridiculous


Welcome to The New Fark.com.  All Fartcare, All The Time.
 
2013-11-14 03:54:09 PM  
Hooray for morons who want to keep their godawful ripoff plans because NOBAMA
 
2013-11-14 03:55:53 PM  

FlashHarry: Ambivalence: Gee, one would think they had no intention of raising prices anyway. one would be a fool.

this is why we need single-payer health insurance.


This is why we didn't need to push a half assed law through WITHOUT READING IT FIRST.
 
2013-11-14 03:56:01 PM  

Il Douchey: So Barry's proposed "fix" to the Obamacare disaster is to force insurance companies to provide the same policies that he forbid them to provide -for one more year (until just after mid term elections).  Then what?  "You can keep your plan, period" means period, not just for one more year.  Only a Biden idiot would buy this "fix"

/You did this Barry; you own this Barry, don't try to blame the insurance companies, the stupid citizens or anyone else for this mess.  This is your signature piece of legislation.  OWN IT BARRY


I don't like his policies, but your post is stupid.

1. He's not "forcing" the insurance companies to do anything, only permitting.

2. "OWN IT BARRY" - Coming out and saying "I farked up and I'm sorry" IS owning it. No politician does that. I don't know what else to expect as far as owning it.

I don't like the guy and I think ACA is a clusterfark, but sometimes I think a lot of people just make shiat up to be angry about.
 
2013-11-14 03:56:36 PM  

SlothB77: changing business practices to accommodate the law costs money.

Uncertainty about the pool of people you will be insuring costs money too.

This means that the insurance companies have 32 days to reprogram their computer systems for policies, rates, and eligibility, send notices to the policyholders via US Mail, send a very complex letter that describes just what the differences are between specific policies and Obamacare compliant plans, ask the consumer for their decision -  and give them a reasonable time to make that decision -  and then enter those decisions back into their systems without creating massive billing, claim payment, and provider eligibility list mistakes.

All by January 1.

quoted from here.  yeah, i don't know how you get to jan 1 in 32 days, but whatever.


Maybe something like 32 days to get the back end so they have a month to get notice out to their customers and get about 2 weeks of expected send and reply time to be in good faith.
 
2013-11-14 03:56:40 PM  

Mrtraveler01: jjorsett: When you've said all along that something wasn't going to work, got attacked,  mocked, and called a liar for it, and then it turns out to be true, you're entitled to a lot of "I told you so".

1 Month in and already you're saying that it's not going to work?

Give me a break, by that logic, the Philadelphia Flyers are out of the playoffs because they're 7-10-1 only 2 months into the season.


If you want to make a fair comparison, the Flyers were out of the playoffs this year as of 2009.  Also, they'll be out next year and forever.
 
2013-11-14 03:56:49 PM  

Pants full of macaroni!!: MaudlinMutantMollusk: Gosling: Is this going to be the new five-threads-a-day thing?

Would that it were only 5

/this is getting ridiculous

Welcome to The New Fark.com.  All Fartcare, All The Time.


On a positive note, they do serve to remind me how large my ignore list has gotten

/so there's that
 
2013-11-14 03:57:00 PM  

Il Douchey: So Barry's proposed "fix" to the Obamacare disaster is to force insurance companies to provide the same policies that he forbid them to provide -for one more year (until just after mid term elections).  Then what?  "You can keep your plan, period" means period, not just for one more year.  Only a Biden idiot would buy this "fix"

/You did this Barry; you own this Barry, don't try to blame the insurance companies, the stupid citizens or anyone else for this mess.  This is your signature piece of legislation.  OWN IT BARRY


LOL! You called him Barry!
 
2013-11-14 03:57:01 PM  

DubtodaIll: What I don't get is that since everyone is required to buy healthcare now, then why aren't prices dropping?  Or am I confused on what this ACA is.  I mean it's just a new requirement that everyone must buy health insurance right?  And they're going to raise prices in a market where demand is mandatory?


There was going to be a mandatory demand for coverage that isn't scam insurance. Republicans whined presumably because some of the people who bribe them make money selling people scam insurance. Obama responded to this whining by caving in like a wimp so now the insurance companies won't be getting as many people purchasing that level of coverage so the risk pool is smaller.
 
2013-11-14 03:57:32 PM  

steamingpile: FlashHarry: wow, yeah, i'm shocked. no, wait - what's that thing that's the opposite of shocked?

Frustrated, now I have shiattier coverage that covers less and costs me more.

Thanks a lot obamer


Why? You're still able to go to the Exchange and buy whatever package you were going to purchase before today.. No one is holding a gun to your head and making you keep whatever insurance you have now..
 
2013-11-14 03:57:53 PM  

sethen320: Il Douchey: So Barry's proposed "fix" to the Obamacare disaster is to force insurance companies to provide the same policies that he forbid them to provide -for one more year (until just after mid term elections).  Then what?  "You can keep your plan, period" means period, not just for one more year.  Only a Biden idiot would buy this "fix"

/You did this Barry; you own this Barry, don't try to blame the insurance companies, the stupid citizens or anyone else for this mess.  This is your signature piece of legislation.  OWN IT BARRY

I don't like his policies, but your post is stupid.

1. He's not "forcing" the insurance companies to do anything, only permitting.

2. "OWN IT BARRY" - Coming out and saying "I farked up and I'm sorry" IS owning it. No politician does that. I don't know what else to expect as far as owning it.

I don't like the guy and I think ACA is a clusterfark, but sometimes I think a lot of people just make shiat up to be angry about.


A reasonable critic of Obama? I thought you guys were all extinct? ;)

Seriously though, some criticism is legitimate, but I still think we need to wait and see before determining something is a clusterfark.
 
2013-11-14 03:58:38 PM  
why does this not surprise me

damn though you'd think those assholes would have been happy with the requirement that everyone had to have some sort of insurance, How much did this increase their customer base?
 
2013-11-14 03:59:03 PM  

ElwoodCuse: Hooray for morons who want to keep their godawful ripoff plans because NOBAMA



What a good little democrat you are.
lewwaters.files.wordpress.com
 
2013-11-14 03:59:10 PM  
Why even do this?  Most of the cancelled plans were non-compliant anyways.

He should have just ignored this shiat and changed the subject. Everyone is about to be busy with other things than paying attention to politics (holliday season coming up, congress is done working until 2014). Quietly fix the website, and by the time 2014 rolls around this won't even be an issue.
 
2013-11-14 03:59:12 PM  

Headso: DubtodaIll: What I don't get is that since everyone is required to buy healthcare now, then why aren't prices dropping?  Or am I confused on what this ACA is.  I mean it's just a new requirement that everyone must buy health insurance right?  And they're going to raise prices in a market where demand is mandatory?

There was going to be a mandatory demand for coverage that isn't scam insurance. Republicans whined presumably because some of the people who bribe them make money selling people scam insurance. Obama responded to this whining by caving in like a wimp so now the insurance companies won't be getting as many people purchasing that level of coverage so the risk pool is smaller.


Yeah but regardless your demand is increasing by decree.  More customers at any level = more money in the pool and therefore lower risk of not making money hand over fist like they already are.  I mean seriously, has there ever been a large insurance company that paid out anywhere near 50% of what it brought in?
 
2013-11-14 03:59:46 PM  
Nice, putting the blame for his monster fark up back on insurance companies... and it on only for  2014

"I wonder if he has the legal authority to do this, since this was a congressional bill that set this up," said Dean of Obama's proposed fix.

Just like every other law he does not like he just chooses to ignore them.... W T F?
Biggest pyramid scheme ever!!!
 
2013-11-14 03:59:46 PM  

SlothB77: Uncertainty about the pool of people you will be insuring costs money too.


Just like uncertainty in the middle east costs money too. For consumers. Not the oil companies.
 
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