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Insurers To White House: Delay ObamaCare Or Risk "Chaos"

Tyler Durden's picture




 

With eight months left until million of Americans are supposed to begin shopping at online markets created by the Obamacare 'tax' law, the insurance industry is concerned at the government's lack of readiness. Bloomberg reports that Jim Donelon, the head of the National Association of Insurance Commissioners, suggested that President Obama may need to delay the implementation of the health-care overhaul or "risk chaos" when the subsidized plans go on sale later this year. While it is clear that the administration has shown no sign of seeking a delay, Donelon notes that "...to rush into implementation before it's ready would not be in the President's best interest."

 

Via Bloomberg:

President Barack Obama may need to delay his health-care overhaul or risk “chaos” when subsidized insurance plans go on sale in October, the head of the National Association of Insurance Commissioners said.

 

It’s unclear how well the federal government or any of the participating states will perform on Oct. 1, when millions of Americans are supposed to begin shopping at online markets created by the law, Jim Donelon, the NAIC’s president, said in an interview at Bloomberg headquarters in New York. While the administration has shown no sign of seeking a delay, it may be in the president’s best interest, he said.

 

“It’s his calling-card, signature issue and to rush it into implementation before it’s ready would not be in his overall interest,” said Donelon, a Republican who’s also Louisiana’s insurance commissioner. State officials around the U.S. “don’t want it to create chaos.”

 

The Obama administration and 18 states are preparing to establish the insurance markets, a centerpiece of the 2010 law designed to extend coverage to millions of uninsured people. The association, which represents state regulators, today named former Democratic Senator Ben Nelson of Nebraska as its chief executive officer, in an attempt to expand its influence in Washington.

 

“We needed the gravitas, the phone calls returned, to go to Capitol Hill, to tell our story, defend our turf, and beyond, protect and promote our system around the world,” Donelon said. “I think all the way up to and including President Obama would return Senator Nelson’s phone calls.”

 

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Thu, 01/24/2013 - 14:39 | 3183167 Say What Again
Say What Again's picture

BULLISH

Thu, 01/24/2013 - 14:41 | 3183172 Alpo for Granny
Alpo for Granny's picture

Didn't you mean..... BULLISH MOTHAFUCKA!!!!!

Thu, 01/24/2013 - 14:42 | 3183182 Say What Again
Say What Again's picture

Stop it.  You're killing me!

 

I stand corrected.

 

Thu, 01/24/2013 - 14:46 | 3183188 Say What Again
Say What Again's picture

Oh no!

The S&P is hitting the "Lows for the day"

How come Mandy isn't telling me to BTFD?

http://www.youtube.com/watch?v=zfvzs_k2Jos

I'd go down under with her.  How about you?

Thu, 01/24/2013 - 14:47 | 3183200 Say What Again
Say What Again's picture

S&P at the lows for the day.  Here we go.

This is gonna be fun!

Thu, 01/24/2013 - 14:59 | 3183240 Manthong
Manthong's picture

“ Risk "Chaos" “ ??

WTF?

How can there be any risk involved when that is the goal for the Cloward-Piven White House Gang?

http://en.wikipedia.org/wiki/Cloward%E2%80%93Piven_strategy



Thu, 01/24/2013 - 15:10 | 3183286 johnnymustardseed
johnnymustardseed's picture

CEO of NAIC is none other than former Sen. Ben Nelson.....he wrangled for the insurance companies before.... douche

The Cornhusker Kickback: Perhaps inspired by his Louisiana colleague, Sen. Ben Nelson secured exemptions for Nebraska's Medicaid payments worth around $100 million. Along with MI Sen. Carl Levin, he also got a carve-out from the insurance fees for his state's Blue Cross/Blue Shield programs. Moreover, insurance fees for Medigap policies sold by Mutual of Omaha and other Nebraska companies were reduced.

Thu, 01/24/2013 - 15:15 | 3183300 trav777
trav777's picture

i have some business in the insurance industry and I concur...the RULES out of the states, which drive what benefits and entitlements are mandatory aren't even finalized yet.

This entire HCA is a charlie foxtrot.  You'd expect nothing less out of fedgov or Obama

Thu, 01/24/2013 - 15:41 | 3183390 Zap Powerz
Zap Powerz's picture

What makes you think this cluster fuck wasnt intentional?

The government is now only capable of governing in a constant state of crisis.  It is how they can get shit done.  And when I say "get shit done" I mean "oppress us more."

Thu, 01/24/2013 - 15:49 | 3183420 NotApplicable
NotApplicable's picture

Remember the hallmark of governing.

"Let no crisis go to waste."

Fri, 01/25/2013 - 05:50 | 3185072 jeff montanye
jeff montanye's picture

rahm emanuel gets credit for the idea (and he should be beaten for it regularly) but the idea predates him (probably by millennia).  

the irrepressible lefty naomi klein wrote a book about this called the shock doctrine which, like das capital, is pretty good at critique if not quite as effective at proposing reform (but better than marx):

the book traces origins back fifty years, to the University of Chicago under Milton Friedman, which produced many of the leading neo-conservative and neo-liberal thinkers whose influence is still profound in Washington today.  connections are drawn between economic policy, “shock and awe” warfare and covert CIA-funded experiments in electroshock and sensory deprivation in the 1950s, research that helped write the torture manuals used today in Guantanamo Bay. relationships to Pinochet’s coup in Chile in 1973, the Falklands War in 1982, the Tiananmen Square Massacre in 1989 and other events are drawn.

 

Fri, 01/25/2013 - 14:27 | 3186030 Ident 7777 economy
Ident 7777 economy's picture

 

 

 

 

"... neo-conservative and neo-liberal thinkers ..."

 

If "neo-conservative" ... what in fact and in reality?

 

If a "neo-liberal" ... what in fact and it reality? 

 

Unclear terms expressing unclear thought in my book ...


Thu, 01/24/2013 - 14:42 | 3183177 moroots
moroots's picture

bullish health insurance premiums.  my employer just raised my bi-weekly contribution by almost 22%.

Thu, 01/24/2013 - 15:14 | 3183299 ghengis86
ghengis86's picture

36% YoY increase.

Thu, 01/24/2013 - 15:19 | 3183315 Mrmojorisin515
Mrmojorisin515's picture

nothing to see here folks, no bubble here, go back to your tv's and microwave dinners

Thu, 01/24/2013 - 15:30 | 3183355 lolmao500
lolmao500's picture

You lie! (this is what the MSM is telling me anyway and they never lie!)

http://www.foxnews.com/politics/2013/01/21/premiums-set-to-rise-this-yea...

Premiums for individuals and small businesses are projected to increase due to the tax by roughly 2 percent this year and by as much as 3.7 percent in 2023, according to a widely cited analysis by the insurance industry.

Thu, 01/24/2013 - 16:36 | 3183605 dscott8186
dscott8186's picture

I'll top that lie, insurance premiums will in 2013 now be added as income to the insured.  You just had $15k added to your salary (IF you have employer sponsored health insurance), do you feel richer?  No?  

You wanted tax increases by voting for Obama, just wait for your W-2 in 2014.  

 

Thu, 01/24/2013 - 16:59 | 3183698 Winston Churchill
Winston Churchill's picture

Source on that ?

That will start rioting in the streets if right.No wonder they in such a hurry on getting the guns.

Thu, 01/24/2013 - 15:13 | 3183287 TideFighter
TideFighter's picture

 

How could anything like this go wrong? http://www.freedomworks.org/blog/dean-clancy/obamacare-chart and here: We’re going to be gifted with a healthcare plan we are forced to purchase and fined if we don’t, which purportedly covers at least ten million more people without adding a single new doctor (but provides for 16,000 new IRS agents), written by a committee whose chairman says he doesn’t understand it, passed by a Congress that didn’t read it (but exempted themselves from it), and signed by a president who smokes, with funding administered by a Treasury chief who didn’t pay his taxes, for which we will be taxed for four years before any benefits take effect, by a government which has already bankrupted Social Security and Medicare, all to be overseen by a Surgeon General who is obese, and financed by a country that’s broke.

 

Thu, 01/24/2013 - 15:17 | 3183306 trav777
trav777's picture

yes, but America is diverse and getting diverser and more culturally vibrant and that is all that matters.

All the things you bring up would have been relevant in Old America, which is simply illegitimate.

Thu, 01/24/2013 - 15:44 | 3183401 stormsailor
stormsailor's picture

i am white anglo saxon protestant,  when they finally kill me imagine the utopia

Thu, 01/24/2013 - 16:53 | 3183674 Dangertime
Dangertime's picture

Wait, are you male or female?  Females can stay, but white anglo males of your type are not wanted.

Thu, 01/24/2013 - 17:34 | 3183803 stormsailor
stormsailor's picture

i'm male.  but nobody likes a mudshark.

Thu, 01/24/2013 - 22:54 | 3184652 Big Slick
Big Slick's picture

Next thing you'll be telling me is that women can serve forward combat positions

Thu, 01/24/2013 - 15:41 | 3183385 max2205
max2205's picture

Got mine on Ebay

Thu, 01/24/2013 - 16:25 | 3183567 wee-weed up
wee-weed up's picture

Was it a Cadillac plan?

Thu, 01/24/2013 - 15:52 | 3183427 NotApplicable
NotApplicable's picture

#winning!

Thu, 01/24/2013 - 15:54 | 3183434 Getting Old Sucks
Getting Old Sucks's picture

Plus 1 million!

Thu, 01/24/2013 - 20:34 | 3184255 Bansters-in-my-...
Bansters-in-my- feces's picture

TideFighter...

Whats your point..?

Fri, 01/25/2013 - 14:33 | 3186041 Ident 7777 economy
Ident 7777 economy's picture

 

 

 

 

TideFighter

 

"... all to be overseen by a Surgeon General who is obese, and ... "

 

OMG - your are not kidding ... I did not know ...

 

Pictures:

https://www.google.com/search?q=Surgeon+General&hl=en&tbo=u&tbm=isch&sou...

 

The Surgeon General’s Weight Struggle

http://well.blogs.nytimes.com/2010/01/11/the-surgeon-generals-weight-str...

 

 

 

 

 

Thu, 01/24/2013 - 15:28 | 3183343 jcpicks
jcpicks's picture

Get fired from job, collect unemployment, collect welfare, collect food stamps....now with free healthcare.  All while sitting on your ass.

This is the land of opportunity.

 

Thu, 01/24/2013 - 15:42 | 3183389 max2205
max2205's picture

It's rigged like this fucking market....

Thu, 01/24/2013 - 17:24 | 3183769 Overfed
Overfed's picture

And don't forget enough free porn to make ya' peel yer dick like a banana! Shangri-la in our time!

Thu, 01/24/2013 - 18:04 | 3183819 knukles
knukles's picture

That's why internet porn will never be outlawed.

 

An absolute necessary part of the circus of "bread and circus" fame.

Thu, 01/24/2013 - 18:44 | 3183995 Pure Evil
Pure Evil's picture

Without porn, you might actually have to get married and be stuck looking at the same hair pie for the rest of your life.

Thu, 01/24/2013 - 18:46 | 3183996 Pure Evil
Pure Evil's picture

What a doofus, I pulled a double Boehner (boner).

Thu, 01/24/2013 - 16:32 | 3183595 johnQpublic
johnQpublic's picture

you've got to buy your new healthcare plan to know whats in it

Thu, 01/24/2013 - 14:41 | 3183174 Mr. Magoo
Mr. Magoo's picture

If CHAOS is the risk then we can be sure it will be implemeted without delay, after all its all part of the globalist plan. 

"You never want a serious crisis to go to waste" Rahm Emanuel
Thu, 01/24/2013 - 15:44 | 3183399 Panafrican Funk...
Panafrican Funktron Robot's picture

Agreed, perfect opportunity to slip in the "public option".

Thu, 01/24/2013 - 21:49 | 3184459 Karlus
Karlus's picture

Clearly, this is the Repubs and Tea partys fault

Thu, 01/24/2013 - 14:42 | 3183176 fonzannoon
fonzannoon's picture

what a bunch of bullshit. Figures. I was psyched for this thing to kick in so my premiums go way down.

 - dumb fuck

Thu, 01/24/2013 - 14:59 | 3183233 ShrNfr
ShrNfr's picture

Say, can I interest you in some real estate close to Rockall?

Thu, 01/24/2013 - 15:50 | 3183419 donsluck
donsluck's picture

I don't know about you, but my income requirements (partly due to owning my own place outright) are very low. The effect of Obamacare on me is...to reduce my income so someone else pays for my insurance. By the way, we all need to seperate the conversation between insurance and health care. They are not the same.

Thu, 01/24/2013 - 16:29 | 3183582 secret_sam
secret_sam's picture

     we all need to seperate the conversation between insurance and health care.

No kiddin.  Yet you can't even get that point to permeate public consciousness.

Fri, 01/25/2013 - 06:51 | 3185101 merizobeach
merizobeach's picture

"Yet you can't even get that point to permeate public consciousness."

So we should all say it a few more times to get it out there:

We all need to separate the conversation between insurance and health care. They are not the same.

Good work, gentlemen.

Thu, 01/24/2013 - 15:55 | 3183437 NotApplicable
NotApplicable's picture

Don't know what planet you're on, but I've never once seen premiums go down, let alone way down.

Did you happen to forget this emanated from a crime syndicate (albeit one with excellent PR)?

Thu, 01/24/2013 - 18:47 | 3184001 Pure Evil
Pure Evil's picture

I hear MDB is now selling Herbalife, maybe you should contact him and get in on the ground floor.

Thu, 01/24/2013 - 14:48 | 3183184 Mercury
Thu, 01/24/2013 - 14:45 | 3183189 reTARD
reTARD's picture

Government = Chaos

Thu, 01/24/2013 - 14:46 | 3183191 Bluntly Put
Bluntly Put's picture

Governments establishing markets. Hmm isn't that an oxymoron or something? Cartels come to mind, other than that I don't see any "market".

Thu, 01/24/2013 - 19:07 | 3184062 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Are there any markets left, anywhere? Oh yeah, the black one....

Thu, 01/24/2013 - 14:48 | 3183201 earnyermoney
earnyermoney's picture

Ben Nelson? He's the guy that got a bunch of exemptions for his state with the horse trading for final passage.

 

LOL. The fascists with the red uniforms have to hire a fascist with a blue unifrom to have their phone calls answered by Barry.

Thu, 01/24/2013 - 14:48 | 3183205 mjorden
mjorden's picture

I would like to see the revenue forecasts for these insurers before I make an opinion on this ... 

 

Are they forecasting smaller margins/revenue?

Thu, 01/24/2013 - 15:04 | 3183257 ShrNfr
ShrNfr's picture

With Ben cranking out the Benny Fucks like he is, they sure ain't getting much of a return on their investments. Oh, and weren't the loss ratios prescribed too? All your margins belong to us. Thats the margin' orders so to speak.

Thu, 01/24/2013 - 15:56 | 3183441 NotApplicable
NotApplicable's picture

Just means less liquidity to sop up later, right?

Thu, 01/24/2013 - 14:49 | 3183206 Cynthia
Cynthia's picture

ObamaCare is incredibly arcane, poorly written, and weighted down with thousands of rules & regs, not to mention boards, panels, and bureaucrats. It is simply not workable in the real world--doomed to fail. Just watch and see. 

Thu, 01/24/2013 - 15:18 | 3183311 jumbo maverick
jumbo maverick's picture

Did you see any of the Clinton "testimony" yesterday? Point being we are not in the real world anymore. They will make obunghole care work even if it kills all of us.

Thu, 01/24/2013 - 18:49 | 3184012 Pure Evil
Pure Evil's picture

You've forgotten to take your meds. We live in the matrix so the whole thing is programmed to succeed.

Thu, 01/24/2013 - 15:44 | 3183400 Zap Powerz
Zap Powerz's picture

Excatly as planned.

Thu, 01/24/2013 - 15:57 | 3183450 NotApplicable
NotApplicable's picture

Criminals have not the capacity, let alone the desire to provide efficient goods and services.

If they did, they wouldn't have to be criminals.

Thu, 01/24/2013 - 18:34 | 3183963 secret_sam
secret_sam's picture

Bullshit.  Some of the most reputable businessmen I've personally known have been drug-dealers.

Fri, 01/25/2013 - 07:44 | 3185121 quadcap
quadcap's picture

Yep, not criminals.   See how it works?

Thu, 01/24/2013 - 16:19 | 3183549 CynicLaureate
CynicLaureate's picture

It's supposed to fail, so that when it fails the government can just come in and run it all without even the pretense of private enterprise.

 

Thu, 01/24/2013 - 16:48 | 3183652 James-Morrison
James-Morrison's picture

Everyone knows you can't get Something for Nothing.

Obamacare provides us Nothing for Something, the bulk of the something goes to the TBTF Insurance Cartel.

Massive middle-class tax increases ahead with the launching of yet another entitlement program. This one resembles the Titanic, not the Good Ship Lollypop.

Pathetic.  

 

Thu, 01/24/2013 - 19:16 | 3184083 MiltonFriedmans...
MiltonFriedmansNightmare's picture

I'm from the government and I'm here to kill.....

Thu, 01/24/2013 - 14:49 | 3183207 GoldmanSux
GoldmanSux's picture

Of course, your higher insurance premiums will not be delayed

Thu, 01/24/2013 - 16:43 | 3183632 earleflorida
earleflorida's picture

you mean the 'tax increase', and the penalty of not paying is far less than the medicine we're being administered

Thu, 01/24/2013 - 14:53 | 3183215 Yen Cross
Yen Cross's picture

 I'm sure the IRS can provide clarity for the Insurance Cos. <heavy sarc>

Thu, 01/24/2013 - 15:59 | 3183454 NotApplicable
NotApplicable's picture

How much hollow-point ammo did they buy again?

Thu, 01/24/2013 - 18:50 | 3184022 Pure Evil
Pure Evil's picture

In all actuality, not enough. Let the genocide commence.

Thu, 01/24/2013 - 14:58 | 3183231 youngman
youngman's picture

It will be a clusterfuck...total....just think of all the new forms...rules and regulations a doctor has to fill out now....and of course race and gender reports...Doctors will be quiting practice...in 5 years we will be importing Cuban doctors to staff hospitals

Thu, 01/24/2013 - 15:18 | 3183317 The Joker
The Joker's picture

The question is, will they be genuine cubans?

Thu, 01/24/2013 - 15:38 | 3183379 dexter_morgan
dexter_morgan's picture

Nah. prolly Dominicans and Nicaraguans

Thu, 01/24/2013 - 15:46 | 3183411 Zap Powerz
Zap Powerz's picture

Just imagine the Government Form 12-45(b) that the Docs will have to fill out indicating which patients of theirs has firearms in the home.  This form is sent directly to BATF.

Im kidding, but not really.

Thu, 01/24/2013 - 14:59 | 3183234 Toolshed
Toolshed's picture

WOW!! First time I ever heard one of these douche bags clearly state that they were buying influence. How refreshing and disgusting at the same time. I wish I could afford to hire a former politician to represent me. You know.......since the current ones DO NOT!!!!

 

Thu, 01/24/2013 - 14:58 | 3183238 Dr. Engali
Dr. Engali's picture

We could use a little chaos right now...everything has become too predictable....just BTFD.

Thu, 01/24/2013 - 15:16 | 3183307 The Joker
The Joker's picture

I'm long on mass shootings and tax increases.  I think I'll go long on clusterfucks too. 

Thu, 01/24/2013 - 15:48 | 3183415 Zap Powerz
Zap Powerz's picture

Its always a good idea to diversify your portfolio and have a certain percentage in clusterfucks.

Thu, 01/24/2013 - 18:52 | 3184026 Pure Evil
Pure Evil's picture

Random chaos just went up 3000%.

Thu, 01/24/2013 - 14:59 | 3183241 Whiner
Whiner's picture

"Would not be in President's best interest. " Screw the citizens. They are dumb Fuchs anyway; they don't know what's best for them. Come now Messiah Obammy, just write a bill in the basement of congress with Pelosi and w input from insurance companies, and all will be fine.

Thu, 01/24/2013 - 15:18 | 3183312 Raymond Reason
Raymond Reason's picture

"Would not be in President's best interest. "

This is what it has come to. 

Thu, 01/24/2013 - 15:00 | 3183244 surf0766
Thu, 01/24/2013 - 15:04 | 3183260 q99x2
q99x2's picture

Take two of these and call me in a couple of years.

Thu, 01/24/2013 - 15:08 | 3183275 lolmao500
lolmao500's picture

And what's funny is that those hacks in the MSM say that health insurance premium will go up by an ``insane`` 2-3% every year between now and 2018... 2-3% uh?? YOU WISH. My aunt's premium went up 53% this year and some her friends went up by 100%!

Thu, 01/24/2013 - 17:17 | 3183739 Real Estate Geek
Real Estate Geek's picture

Righto. My individual plan has increased by 18% to 20% in each of the last four years. Anyone who thinks insurance will increase @ 3% annually (i.e. 1/3 of inflation) is dreaming.

Thu, 01/24/2013 - 15:10 | 3183289 BandGap
BandGap's picture

This was conceived with chaos in mind. The fucking around with the "fiscal cliff", Obumma Caren't, the lack of a foreign policy, the gun control crap....as mcuh shit as they can throw in the air. no one can keep track of all this shit, and you are NOT supposed to be able to do so.

This fuse was lit awhile back.

 

Thu, 01/24/2013 - 18:57 | 3184037 Pure Evil
Pure Evil's picture

Its the ole bait and switch. You open up one front on your enemy and when they're fighting that tooth and nail you open up multiple fronts somewhere else.

Worked in defeating the Nazi's during WWII. You had the Russian front, then the Allies open up the African campaign and then moved up into Italy, then they open the Normandy front and the Germans finally collapsed.

Try having a snowball fight with two or more people at once.

Thu, 01/24/2013 - 21:41 | 3184432 earleflorida
earleflorida's picture

two front wars are unwinnable -- hitler was advised by his generals to postpone the russian front, but... his mind was pretty much wasted at the time, and ignored the advise

Thu, 01/24/2013 - 15:20 | 3183319 Getting Old Sucks
Getting Old Sucks's picture

I think when they implement it doesn't matter.  The young and healthy employed without benefits are not going to buy it.  All they have to do is make sure they owe the IRS at the end of the year. 

Also, employers will be dropping health care benefits.  People living week to week on their pay won't be able to pay anything into it.

I think the government wants total chaos so they can just start a national medicare service for all and require a new payroll tax to pay for it.  The insurance companies are probably shitting bricks cause if that happens, they're out of business.

Thu, 01/24/2013 - 16:07 | 3183476 krispkritter
krispkritter's picture

If you thought the pissing and moaning by O'voters about the payroll tax increase was bad, wait until this monstrosity kicks in. They'll be losing their minds, er, too late.

Thu, 01/24/2013 - 19:35 | 3184131 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Why in the world do we need tax revenues when Benny's got his printer and a need to monetize exponentially from a baseline flow of 85B/mo?

Problem solved.

Thu, 01/24/2013 - 15:26 | 3183340 dexter_morgan
dexter_morgan's picture

So, is this aimed at getting employers out of the business of offering healthcare plans to their employees, and they will just tell employees to go get their own in 'the market'?

Or am I missing something here?

Thu, 01/24/2013 - 15:47 | 3183413 The Joker
The Joker's picture

Yes, so eventually that will funnel everyone to national healthcare.

Thu, 01/24/2013 - 15:27 | 3183341 SheepDog-One
SheepDog-One's picture

They've already raised the ObaMao DeathCare taxes so who is worried?

Thu, 01/24/2013 - 15:29 | 3183351 epicurious
epicurious's picture

Sorry to hijack this but why haven't I seen more on the white House petition to Perform an assayed public audit of all the Treasury's claimed 8,100 tons of gold and net of swaps, loans & sales.

Thu, 01/24/2013 - 15:29 | 3183352 epicurious
epicurious's picture

Sorry to hijack this but why haven't I seen more on the white House petition to Perform an assayed public audit of all the Treasury's claimed 8,100 tons of gold and net of swaps, loans & sales.

Thu, 01/24/2013 - 15:48 | 3183414 Citxmech
Citxmech's picture

Because they'll either keep raising the number of signers needed to secure comment - or, in the alternative, just give us the finger.

Thu, 01/24/2013 - 15:36 | 3183369 Bob Sacamano
Bob Sacamano's picture

Bring on Obamacare.  No changes, no amendments.  Let the chaos begin - the sooner, the better.  Let the BHO supporters better understand the results of government run health care. 

Thu, 01/24/2013 - 15:37 | 3183377 Mad Mohel
Mad Mohel's picture

Postpone?! Fuck that, bring the pain already. Hitting the brakes is for pussies. Everybody wanted the free shit, well here it comes, and I hope everyone likes the taste.

Thu, 01/24/2013 - 15:44 | 3183397 orangegeek
orangegeek's picture

Taxes go up, employment participation rate at historical lows, debt levels at historical highs, more government employees that ever before.....

 

....the cherry on the sundae - some government run healthcare that we all know will become the "line up and die system".

 

Isn't life grand?

Thu, 01/24/2013 - 16:06 | 3183459 FubarNation
FubarNation's picture

Full Disclosure:  I am a health care provider in the USA

 

The Affordable Health Care Act (why these fuckers name acts for the opposite of what they will really do is irritating)  will accomplish a couple of things:

 

1.  Bankrupt smaller weaker Insurance companies (possibly large bloated ones as well)

2.  Possibly bankrupt providers as they will not get paid or payments will be delayed resulting in less and less access to care.

 

I have first hand experience as a provider with delayed payments from mutiple insurers but the most recent clusterfuck has occured in my state when they wanted more 'competition' with the States Medicaid program.  I can't even start to tell you how they screwed the pooch with this one.  Since Oct. we have been barely holding on - sweating payrolls and asking for more time to pay vendors.

 

When the chaos ensues the Gov't will nationalize all of health care.  It is coming folks.  Prepare for it.

 

Things are getting really interesting.  I thank God I've been stacking since 1999.

 

 

Thu, 01/24/2013 - 16:45 | 3183644 viahj
viahj's picture

speaking of 'stacking' what about a black-market barter trade, health services for silver?

Thu, 01/24/2013 - 16:10 | 3183504 Tombstone
Tombstone's picture

Probability of chaos in the government is .00000000123%, since a new 5 year plan has been initiated to cover all risks and misconceptions.

Thu, 01/24/2013 - 16:11 | 3183507 riphowardkatz
riphowardkatz's picture

sums it all up

Thu, 01/24/2013 - 16:17 | 3183523 trillion_dollar...
trillion_dollar_deficit's picture

I work in HC. You can see where its all headed. Quickly too. Mcare break even by the end of the decade. No more commercial payors floating the whole system. That's history. 

I think what we'll start seeing pop up a ton more is private contracting with providers on an individual/family basis. Say you pay a doc (or group) $10k/year to provide all services that come up in that given year. You'll probably also see hosps do this too (although Im not too sure about the legalities with them). Off the grid so to speak. Its been around for several years on a small scale. But, expect it to boom going forward. Of course this means a significantly reduced number of Mcare/Mcaid providers available for the masses.

Problem is Obamacare has basically outlawed HSAs and catestrophic insurance policies. However, I suspect those will eventually be brought back into the fold once Dear Leader is out of office.

Thu, 01/24/2013 - 16:19 | 3183547 edifice
edifice's picture

So do I. What you're going to see (starting with HC workers) is, required yearly flu shots AND biometric screenings, to keep your job. If your numbers don't align, you'll have a few months to get them there, or it's adios. This will be implemented nationwide, in all industries. Want a job? Better be healthy...

Thu, 01/24/2013 - 21:04 | 3184321 MiltonFriedmans...
MiltonFriedmansNightmare's picture

Flu shots already required at most hospitals.

Thu, 01/24/2013 - 17:53 | 3183847 justanothersucker
justanothersucker's picture

Already happening, where I live.  Cash only, pay as you go, practices where the cost is about what you would pay for co-pay using insurance.  It's a beautiful thing for a houshold with generally healthy people.

Thu, 01/24/2013 - 19:41 | 3184145 MiltonFriedmans...
MiltonFriedmansNightmare's picture

So you think King Barry is leaving the throne?

Thu, 01/24/2013 - 21:49 | 3184457 secret_sam
secret_sam's picture

    I think what we'll start seeing pop up a ton more is private contracting with providers on an individual/family basis.

Sounds like a perfect long-term outcome.  Let the providers and customers work our their own payment arrangements and fire the middle-man financier.  He was never relevant to the industry in the first place--he's running a skimming operation.

Thu, 01/24/2013 - 16:15 | 3183531 Super Broccoli
Super Broccoli's picture

what chaos ? people are so fat n' stupid they wouldn't move they ass out of the sofa even if Obama was raping their dog !!!!

Thu, 01/24/2013 - 18:00 | 3183835 knukles
knukles's picture

Thought it was wild willy we had to worry about with that one.  Hell, I wouldn't trust him in a dark room with my bowling ball. 

Thu, 01/24/2013 - 16:25 | 3183568 Steve in Greensboro
Steve in Greensboro's picture

"Insurers To White House: Delay ObamaCare Or Risk "Chaos""

White House to Insurers: That's the Objective.

Thu, 01/24/2013 - 16:25 | 3183570 Sutton
Sutton's picture

Is anyone fucking surprised that this plan is a disaster?

Thu, 01/24/2013 - 16:49 | 3183655 Fix It Again Timmy
Fix It Again Timmy's picture

Looks like North Korea may supply Americans with free x-rays!  Hey, every little bit helps.....

Thu, 01/24/2013 - 17:21 | 3183760 Getting Old Sucks
Getting Old Sucks's picture

Can't be any worse than the one Japan is giving us now.  Their gift will last forever.  And ever, and ever and ever.............

Thu, 01/24/2013 - 16:54 | 3183673 AgAu_man
AgAu_man's picture

Of course the Insurance Brothers are screaming.  Just like the now TBTF Ho's were screaming in Oct. '08.  Their entitlement-based execs may soon not have the Carte Blanche they used to.  Or the X-Mass bonuses they used to. 

Bear in mind, that these outfits are the "little value add" Middle-Men between the Providers and Consumer, and that they make their astronomic fiat profits by squeezing everyone else.  Allowing them to have fancy granite & marble towers in downtown cities, while you are...

Q:  How is it that EVERY developed, industrial country has some kind of mandatory "national healthcare" program?  And they have better health and longjevity stats, and lower per-person health care costs.

Me thinks there is something rotten... not just with Big Gov, but with Big Insurance and "corporate governance" in general. 

I wouldn't 'swallow' any info that the Health Insurance cartel or their shills are peddling.  Figures lie, and Liars do a LOT of figuring. 

 

Thu, 01/24/2013 - 17:17 | 3183735 Getting Old Sucks
Getting Old Sucks's picture

The insurance companies probably want us all divied up and assigned to them before they start providing coverage.  That way they'll be able to see how much the can earn, I mean steal before it goes into affect.  They probably want the issue of the "no takers" taken care of with some new law that not only fines, but includes jail time if they don't buy.  The SCOTUS really fucked this one up. 

On the bright side, this may become the first unified revolution this nation has seen since God knows when.

Thu, 01/24/2013 - 18:04 | 3183891 knukles
knukles's picture

Exactly like the stories related by Wm Schrier in The Rise and Fall of the Third Reich about German executives who boasted that they had the Little Corporal in their pockets, well in hand, controllable

That sure worked out well... same approach, free shit for everybody, etc.

Thu, 01/24/2013 - 19:02 | 3184052 lakecity55
lakecity55's picture

+1.

I always figured part of the OCare scam was to create more Chaos.

I mean, the guy probably zones out on dope at night, with cool fantasies of America in flames.

Thu, 01/24/2013 - 17:00 | 3183699 americanspirit
americanspirit's picture

"In an effort to reduce health care costs as part of the introduction of ObamaCare, the Administration today announced a plan to substitute a euthanasia cocktail for one out of ten flu shots to be administered next year. Congressmen, other public officials, military, and law enforcement personnel will be exempt from this program. In a humanitarian gesture, the President announced that those experiencing what he called "unfortunate adverse reactions" will be cremated at government expense.Their ashes will be turned over to Monsanto for use in making a new product line of organic fertilizers."

UBetchaNewsService

Thu, 01/24/2013 - 17:40 | 3183710 roadhazard
roadhazard's picture

The insurance industry could probably make this "chaos" threat last forever. Now they will have to compete with each other instead of collude with each other. They are not the big winners the Hospitals get that prize. I call BS.

Thu, 01/24/2013 - 17:20 | 3183757 conspicio
conspicio's picture

What is "health care?" How do you define “insurance plan”? The Medical Loss Ratio (MLR) is a real winner, too: "A basic financial measurement used in the Affordable Care Act to encourage health plans to provide value to enrollees."

Oh yes, indeed, there will be chaos. And although the Republicans have their collective head up one giant orifice, and many folks insist there "...are absolutely no differences between the two parties," in the House there were 34 Democrats and all 178 Republicans voting were against it. Obamacare + Democrats = fucked up epic chaos to come. And despite the best efforts, no, the Republicans cannot be held for this one. Much more, certainly, but not this debacle.

Fri, 01/25/2013 - 09:37 | 3185239 CJHames
CJHames's picture

You can bet your sweet patootie that between the media, Pelosi, Reid, Schumer, etc., and the complete ineptness of Boehner and that worthless piece of crap McConnell, at the end of the day it will be the Republicans who are blamed for the total failure of OwebamaCare.

Count on it.

Thu, 01/24/2013 - 17:50 | 3183838 shovelhead
shovelhead's picture

You have to buy the policy to see whats in it.

Thu, 01/24/2013 - 18:18 | 3183925 QQQBall
QQQBall's picture

My healthcare has been going up 20%+ a year... If they can delay this until 2020, I will be paying more for healthcare than a typical monthly P&I home mortgage payment.

Thu, 01/24/2013 - 19:10 | 3184067 lakecity55
lakecity55's picture

"Death to Amerika!"

--B Husane Ozone

Thu, 01/24/2013 - 20:11 | 3184133 newengland
newengland's picture

So, they hire a politician to get their calls answered. Same here, unfortunately, and I am simply a private individual trying to comply with the health insurance law in my state....since last September! Finally, I give up dealing with the phone calls, the emails, the forms, the robots who operate this system. The left hand doesn't know what the right hand is doing.

I have acted entirely on their advice, and my application kept being thrown out for some new reason which no one had explained previously, despite their assurances that my application was ok. And they took the monthly premium from my account last month!

Still, no health insurance policy for me, and a local politician has put my case in the hands of a legal contact at the State House.

This online system and telephone back up from bureaucrats has been a shambles; a Kafkaesque nightmare.

Even the tax funded help service for poor people complains about the shambles - and their customers are getting the insurance for free.

Good luck guys. We're all going to need it.

PS And the system  fines you  if your tax return fails to include proof of a current health insurance policy. The town clerk told me this happened to someone she knows. Other people also say the system is broken. Individuals are driven crazy by the bureaucracy - and fined when the bureaucracy misguides them, and they miss the artificial deadline for compliance.

The chaos is just beginning with this new system, and it will spread nationwide. No worry for the exempt political class and their hangers on, though.

Thu, 01/24/2013 - 20:33 | 3184243 JungleJim
JungleJim's picture

Sounds painful ....

Thu, 01/24/2013 - 22:01 | 3184494 Bicycle Repairman
Bicycle Repairman's picture

ObamaCare is the apocalypse.  It is the end of it all.  It is an in-your-face-disaster.  What I mean is, I am the most cynical commenter on this article here, and even 'I' will come up short. 

You wanted to tear it all down?  Surprise!! Obama has done it for you. 

Duck and cover, bitchez.  Economic, social and political 'A' bomb coming through!!

Fri, 01/25/2013 - 10:17 | 3185348 dunce
dunce's picture

Creating a crisis will beb ecactly what obama wants, then he can pressure the republicans to fix some flaws and at the same time make it more oppressive.

Fri, 02/08/2013 - 20:03 | 3227632 ExitStageLeft
ExitStageLeft's picture

Impossible to get out of the way of this one without exiting the country.  Most likely the best choice IMHO, but who can say for sure.

http://www.longtermcareinsuranceconsultants.com/

 

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