Big Corporation Obama Creating Insurance Monopolies (Congress, Pelosi, health care, premium)
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"Rep. Renee Ellmers raised awareness of a new problem with Obamacare’s implementation: the creation of private-sector health insurance monopolies that will limit Americans’ provider choices. “Although seven insurance companies currently operate in North Carolina, under the new Obamacare exchanges, those options will dwindle down to one in the majority of counties,” Ellmers said Thursday following the disclosure of figures by federal health officials showing that more than 60 percent of North Carolina counties will have only one insurance provider option under Obamacare. Beginning October 1 under Obamacare, Blue Cross Blue Shield will be the only health insurance provider serving the entire state of North Carolina in the new Obamacare exchanges, serving all 100 of the state’s counties. Its competitor Coventry Health Care, which is owned by Aetna, will only reach 39 counties."
"Rep. Renee Ellmers raised awareness of a new problem with Obamacare’s implementation: the creation of private-sector health insurance monopolies that will limit Americans’ provider choices. “Although seven insurance companies currently operate in North Carolina, under the new Obamacare exchanges, those options will dwindle down to one in the majority of counties,” Ellmers said Thursday following the disclosure of figures by federal health officials showing that more than 60 percent of North Carolina counties will have only one insurance provider option under Obamacare. Beginning October 1 under Obamacare, Blue Cross Blue Shield will be the only health insurance provider serving the entire state of North Carolina in the new Obamacare exchanges, serving all 100 of the state’s counties. Its competitor Coventry Health Care, which is owned by Aetna, will only reach 39 counties."
But hey, if you are happy with your insurance you get to keep it. Isn't that what the President said?
There is only ONE provider in West Virginia. Two were approved for the exchange, but one dropped out because it was not in their best interest to participate once they saw all the details and restrictions.
I warned about this a few years ago when they put the rules in that 80 cents on the dollar had to go to pay claims.
It was sold as a consumer protection, which is partially true but what it also does is make it much much harder for the smaller operators to compete with the bigger ones due to fixed expense costs.
Now those same caps will generally protect consumers from getting gouged but it is definitely a nice arrangement for the larger players, you know...the ones that wrote the legislation.
So, calling it a monopoly isn't really a fair description as they don't have monopoly pricing power, it's more protectionism or another word that escapes me at the moment.
"Rep. Renee Ellmers raised awareness of a new problem with Obamacare’s implementation: the creation of private-sector health insurance monopolies that will limit Americans’ provider choices. “Although seven insurance companies currently operate in North Carolina, under the new Obamacare exchanges, those options will dwindle down to one in the majority of counties,” Ellmers said Thursday following the disclosure of figures by federal health officials showing that more than 60 percent of North Carolina counties will have only one insurance provider option under Obamacare. Beginning October 1 under Obamacare, Blue Cross Blue Shield will be the only health insurance provider serving the entire state of North Carolina in the new Obamacare exchanges, serving all 100 of the state’s counties. Its competitor Coventry Health Care, which is owned by Aetna, will only reach 39 counties."
But hey, if you are happy with your insurance you get to keep it. Isn't that what the President said?
You can still buy insurance from any other company, you do not have to buy in the exchange. So, yes if you are happy with your current company, you can keep it.
"Rep. Renee Ellmers raised awareness of a new problem with Obamacare’s implementation: the creation of private-sector health insurance monopolies that will limit Americans’ provider choices. “Although seven insurance companies currently operate in North Carolina, under the new Obamacare exchanges, those options will dwindle down to one in the majority of counties,” Ellmers said Thursday following the disclosure of figures by federal health officials showing that more than 60 percent of North Carolina counties will have only one insurance provider option under Obamacare. Beginning October 1 under Obamacare, Blue Cross Blue Shield will be the only health insurance provider serving the entire state of North Carolina in the new Obamacare exchanges, serving all 100 of the state’s counties. Its competitor Coventry Health Care, which is owned by Aetna, will only reach 39 counties."
But hey, if you are happy with your insurance you get to keep it. Isn't that what the President said?
BlueCross/BlueShield is a very suspect insurance company. They operate as a "non-profit", yet have a bloated bureaucracy of overpaid execs. I had them two years ago with my employer, and they were a nightmare to deal with.
I do believe that IS what the President said, that if you're happy with your insurance, you can keep it.
BlueCross/BlueShield is a very suspect insurance company. They operate as a "non-profit", yet have a bloated bureaucracy of overpaid execs. I had them two years ago with my employer, and they were a nightmare to deal with.
I do believe that IS what the President said, that if you're happy with your insurance, you can keep it.
But this President lies. A lot.
And yet, I have the same policy that I have had for years. No one is forcing me to get rid of my policy from Humana and go on the exchange. If I want to keep it, I pay for it. If you want to keep your keep it, If you want to go on ht e exchange, go on the exchange.
And yet, I have the same policy that I have had for years. No one is forcing me to get rid of my policy from Humana and go on the exchange. If I want to keep it, I pay for it. If you want to keep your keep it, If you want to go on ht e exchange, go on the exchange.
While you and I are not impacted, that's not a representative sample.
There will undoubtably be many individuals who are impacted, most notably the young invincibles that the plan needs in order to succeed. If they don't sign up in sufficient numbers the feds will just ratchet up penalties until they do.
They are starting slow & gentle out of political concerns but they will get more forceful with the holdouts.
While you and I are not impacted, that's not a representative sample.
There will undoubtably be many individuals who are impacted, most notably the young invincibles that the plan needs in order to succeed. If they don't sign up in sufficient numbers the feds will just ratchet up penalties until they do.
They are starting slow & gentle out of political concerns but they will get more forceful with the holdouts.
Those same young invincibles will be the first running to the ER racking up bills that they can't pay when they get hurt. Hospitals had $41 BILLION in unpaid bills in 2011. Who do you think pays for them? I do, you do, through higher premiums. I already have to pay for them, they should be getting fined for making MY bills go up.
Those same young invincibles will be the first running to the ER racking up bills that they can't pay when they get hurt. Hospitals had $41 BILLION in unpaid bills in 2011. Who do you think pays for them? I do, you do, through higher premiums. I already have to pay for them, they should be getting fined for making MY bills go up.
Well they will get fined. The IRS will keep their refunds.
How do you like that ? You pay higher insurance and Uncle Sam gets the penalty money. Now do you think Uncle Sam is going to give that money back to the insurance companies to cover their losses ? Them not having insurance provides a revenue stream for our government. There's no incentive for the government to promote them signing up.
Why would the government want to lose money on this ?
NOPE. That is the redistribution of wealth that all the Dems cry about. Only folks don't see that your money is going to the government, not those filthy rich elites.
The penalty next year is $95 dollars. Will that fear people into buying insurance for several thousand per year ?
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