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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
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