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Why Obamacare Is Pushing Up Health Insurance Premiums

Tyler Durden's picture


Now that Obamacare has been enacted, Americans across the nation are seeing their health insurance bills spiking, leading to what has been a documented slide in full-time hiring, a drop in consumer discretionary spending, not to mention stagnant and declining real wages. In short: a broad economic contraction (yes, yes, who could have possibly foreseen this).

But how is it that insurers set their prices? As Bloomberg explains, insurers are calculating what to charge for health plans in 2015, which is no simple task. Actuaries can’t easily forecast how often the millions of new Obamacare enrollees will go to a doctor. New federal rules and expensive drugs will also increase costs. Wrong guesses could wipe out profits.

Here is a quick and dirty way to understand why premiums are going up.

1. Cost of claims

This one’s easy. Insurers know what they paid in claims for the previous year and use it as a basis for the year to come.

2. Benefit changes

Past payouts are no longer a reliable predictor, though, especially with so many new Obamacare patients. And doctor visits will increase, because plans that didn’t cover maternity care and mental health must do so under the health-care law. That will bump up the premiums of some plans.

3. Rising prices

Actuaries adjust for what they call medical trend, or how fast the cost of care* is rising. From 2014 to 2015 it’s expected to rise as much as 6.8 percent. That includes changes in cost (the price of an MRI) and utilization (how many MRIs are performed).
* One tough thing to anticipate is how much new drugs will cost. Doctors are flocking to prescribe Sovaldi, a cure for hepatitis C with an $84,000 price tag. The drug cost UnitedHealth $100m in the first quarter of 2014—a sum the company called “a multiple of what we expected.”

4. Risk pool

Demographics help insurers estimate what it will cost to cover their customers. Older people typically need more care, and women of childbearing age are more expensive to insure than men*. These costs are built into plans.
* In some states, including Louisiana and Mississippi, enrollment on by women accounted for almost 60% of sign-ups. That could drive up rates if insurers haven’t planned for it.

5. Provider networks

Health insurers can negotiate better rates from medical providers by promising to steer them more patients. They can also save money by avoiding expensive providers.

6. Geography

Insurers can vary premiums based on location. Medical care is more expensive in some rural areas where there are fewer doctors and in places with less competition.

7. Reinsurance

Obamacare set aside $10 billion in 2014 to help insurers cover higher-than-expected claims in the law’s first year. That pool shrinks to $6 billion in 2015. Insurance companies will make up the difference by raising prices on some plans.

8. Taxes and fees

Insurers will pay $11.3 billion in fees in 2015 to fund Obamacare programs. That’s about 3 percent of premiums, up slightly from 2014.

9. Profit and risk load

Insurers plan for 3 percent to 5 percent profit. More uncertainty may prompt them to increase their risk load, a cushion against unexpected losses.

Source: BusinessWeek


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Sun, 07/06/2014 - 15:17 | 4929443 TeamDepends
TeamDepends's picture

Because it was designed to fail, i.e. "Cloward-Piven".

Sun, 07/06/2014 - 15:24 | 4929455 localsavage
localsavage's picture

Because you can't keep adding multiple layers of beauracracy and idiots who now want to go to the Dr. for everything because they don't pay for it.

Sun, 07/06/2014 - 15:29 | 4929468 max2205
max2205's picture

They are cooked if they didn't figure the FSA growing at least 5% a year....even more next year as our doors are officially wide open to the world

Sun, 07/06/2014 - 15:33 | 4929480 localsavage
localsavage's picture

They can't be honest with the unemployment numbers why would they be with those?

Sun, 07/06/2014 - 15:38 | 4929493 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I will tell you why prices are going up or i.e. why it fails, it is because Obammy and his libtard crew got his hands into it and now is part of gubimint. Hitlery wanted to do it back in the 90s, but fortunately failed. Only a true free capitalistic market will give better results.

Sun, 07/06/2014 - 15:45 | 4929501 Gaius Frakkin' ...
Gaius Frakkin' Baltar's picture

This isn't rocket science (which is apparently outside of the mental grasp of the USSA now). It has something to do with a barbaric concept called supply and demand. Demand has increased for medicine now that everyone is "covered", but supply is still the same.

Sun, 07/06/2014 - 16:50 | 4929656 Pool Shark
Pool Shark's picture



First of all; "Insurance" is the payment of a premium to a company that promises to pay you back a pre-determined amount when some unfortunate incident (which is foreseeable, though not expected) occurs.

"Insurance" is NOT PAYING FOR EXPECTED OCCURANCES WHICH ARE GUARANTEED TO OCCUR. Otherwise, it's merely 'fee for service.'

What sane agent would sell an automitive policy to a driver who promises to immediately go out and crash his car???!!!

That's why traditionally, "Health Insurance" was purchased for catastrophic, unplanned illnesses and injuries. Therefore, the premiums were relatively reasonable, and payouts relatively uncommon. Traditional "Health Insurance" didn't cover every office visit for a sniffle or sneeze; and if it did, there were significant co-pays or out-of-pocket expenses.

The problem with Obamacare (and most modern "Health Insurance") is that consumers have demanded it cover ANYTHING, ANYTIME, including "free" Viagra, contraception, ambulance rides to the doctor for a hangnail, etc.

I realize there are many other problems with modern healthcare; but expecting that all ANTICIPATED AND EXPECTED costs be covered for everyone, all the time, whenever they feel like it is akin to opening a giant all-you-can-eat buffet, taxing the populace at large for it, then allowing everyone to eat all they want. After the first few morbidly-obese patrons empty all the steam tables of food, expect the costs to go up...


Sun, 07/06/2014 - 18:52 | 4929978 Boris Alatovkrap
Boris Alatovkrap's picture

Please patiently to wait while Boris is assemble facial expression of shock and concern that Amerika is experience health care cost overrun. Welcome to socialism!

Sun, 07/06/2014 - 19:52 | 4930122 COSMOS
COSMOS's picture

LOL with mandatory health insurance premiums running hundreds of dollars a month, where does the average American have money to pay for food?  Guess they will just have to check themselves into the hospitals to get food after they haven't eaten for a few days, or maybe they can end up in prison for driving without car insurance, they say prison food is better than hospital food LOL

Sun, 07/06/2014 - 20:25 | 4930202 philipat
philipat's picture

The Article doesn't even mention the most important reason for cost increases, which is "Adverse selection", whereby those with existing conditions and those who are the most sick and/or vulnerable are the first to enroll.

We still don't have a clear breakdown of numbers (In itself remarkable for such legislation) but my guess is that numbers enrolled are significantly smaller thatn originally declared because so many left the insurance in the basket and never got round to paying. I also suspect that, in this same context, the numbers of younger/healthier folks who actually enrolled is significantly lower than declared also.

Sun, 07/06/2014 - 21:39 | 4930381 DanDaley
DanDaley's picture

Perfect explanation!! 

Sun, 07/06/2014 - 20:39 | 4930232 Postal
Postal's picture

I'm sure 80% of the time what you say is true; however, let me offer this one bit of devil's advocate anecdotal evidence: I had a boss one time who demanded that we go to a doctor if we called in sick. It didn't matter why. We had to have a note that we actually were under a doctor's care. He couldn't trust us to actually, you know, "get plenty of rest, drink plenty of fluids, call me tomorrow."

But he still trusted me enough that I had God-mode rights on the MS Exchange server. *shrugs* Go figure.

Healthcare is a fucking mess becauuse Americans expect "somebody else" to pay for it: Employers want healthy workers, but don't want to pay for healthy working conditions. Employees want cheeseburgers and fries and for the employer to pay them for the rest of their lives if they trip over a crack in the sidewalk.

That anyone has to "explain" why healthcare is expensive in the first place is the problem.

Sun, 07/06/2014 - 17:51 | 4929815 floyd084
floyd084's picture

Rember how many lines of code the website took?  The whole thing is designed to fail, the only purpose of it was to give obamas friends a hand out. Charge ridiculous amounts of money to build a system that will eventually fail anyway, who cares if it doesn't work? They still get paid for building it.  Now if I could just get the tax payers to buy the twigs that fall in my yard for $5000 a twig.

Mon, 07/07/2014 - 06:43 | 4931048 All Risk No Reward
All Risk No Reward's picture

"Fail" as defined by "maximize profits and control for a Debt Money Power corporate front?"

Yup, total failure.

The problem is that "fail" fails to convey what is **really** going on here.

Even my correction falls short...  for I didn't identify the nuances of "control" from the perspective of the the Debt Money Tyrants.

Let me just suggest that they are eugenics obsessed.  Interested parties can do the research from here.

Mon, 07/07/2014 - 06:56 | 4931058 junction
junction's picture

Mostly boring Captain Obvious type comments here, with some tossing in expletives to make the posters feel important.  Some comments are okay because they include real information, like how your health insurance premium went up 30%.  That increase is a warm-up pitch.  Not a joke in the lot.


Doctor phoning patient: "I just got your test results back.  They are terrible.  You don't have long to live.  You have 20. . . "  Suddenly, the phone signal breaks.

Patient, speaking frantically:  "What do you mean?  Do I have 20 months to live, 20 days. . ."

Phone signal suddenly returns.

Doctor: "14, 13, 12. . ."


Sun, 07/06/2014 - 15:17 | 4929445 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

But - but -- I thought it was supposed to bring costs down?!?!?! </sarc>

Sun, 07/06/2014 - 17:18 | 4929717 Escrava Isaura
Escrava Isaura's picture

MayIMommaDogFac... "I thought it was supposed to bring costs down?!?!?! </sarc>"

Close! Two of the objectives of Obamacare are to:

a) Bring the buying power of the American consumer down

b) As well as to try to make manufacturing in the US more ‘globally’ competitive

Sun, 07/06/2014 - 15:25 | 4929459 Seasmoke
Seasmoke's picture

It's a fucking tax !!! Meant to bring you down !!!

Sun, 07/06/2014 - 15:33 | 4929478 gbresnahan
gbresnahan's picture

As I've always said about it.. we're definitely paying the tax, and we might even get some healthcare out of it.

Plus, now that nearly everybody is covered, there is no incentive to take care of yourself.  For any little cut, scratch, bump, or cough, everyone will be rushing to the ER - on everyone else's dime.

Sun, 07/06/2014 - 15:26 | 4929462 The Most Intere...
The Most Interesting Frog in the World's picture

Americans are fat. Maybe that is why healthcare is so expensive.

Sun, 07/06/2014 - 16:01 | 4929540 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

It is expensive in the extreme because it is a protected fucking racket with layer upon layer of paper-pushing bullshit that has nothing to do with HealthCare.

The "fat people meme" is such an obvious divide and conquer angle.  And before try you try to hurl some fat slur at me: I'm 6'2" 165# -- I'm skinny.

Sun, 07/06/2014 - 18:26 | 4929910 ATM
ATM's picture

It's expensive because there is no interested consumer who is spending their own money for health care and shopping for services.

What out employer paid health care really has done is create a free national supermarket where everyone wants lobsters and steak and '82 Bordeaux because dammit it, it's free!

The suppliers charge what they can because they can. There is no market for health care. It's a cluster fuck of a mess that causes prices to be high but care is terrific too. Just wait until we ration care, lower costs to thrird world levels and all have to line up to get a knee replaced in 17 months or wait 100 days for a cancer operation.

We will get what we deserve, a health care system that is designed to teach you to die already. It's your civic duty.

Sun, 07/06/2014 - 21:36 | 4930369 The Most Intere...
The Most Interesting Frog in the World's picture


Sun, 07/06/2014 - 21:38 | 4930378 The Most Intere...
The Most Interesting Frog in the World's picture

Many good comments here and great points by all. There are several reasons why healthcare costs what it does. I was just trying to bring a personal responsibility angle to the subject matter.

Mon, 07/07/2014 - 12:26 | 4931818 Panafrican Funk...
Panafrican Funktron Robot's picture

People respond to incentives.  Appeals to personal responsibility are not incentives.  

Mon, 07/07/2014 - 12:25 | 4931814 Panafrican Funk...
Panafrican Funktron Robot's picture

There are a lot of fat drunks that smoke in the UK.  Why is their health care so much cheaper on a per-person combined basis?  I can assure you that a healthy lifestyle is not what I would describe the average UK resident as having.  



Now ask who wrote major provisions and revisions of the PPACA (Obamacare).  Hint:  It wasn't Barry Choomwagon.  The PPACA was designed to maximize profit for the entities that paid for the legislation.  Explaining "why are the premiums going up" is missing the point to a large degree, same as "why are the banks making oodles of money and not lending" and trying to analyze that disaster of a financial reform bill we know as Dodd-Frank in order to find the answer.  The banks wrote the bill in order to maximize their profit.  

Sun, 07/06/2014 - 16:58 | 4929681 Greenskeeper_Carl
Greenskeeper_Carl's picture

Not sure why that got so many down votes. It's true. Mexico might hold the title as the most obese nation right now, but just cuz we aren't #1 doesn't mean we aren't fat. Most Americans eat processed food that isn't even real food, just a bunch of chemicals disguised as food, and we use high fructose GMO corn syrup in everything instead of real sugar, and we are incredibly lazy to boot. The guy above me is also correct, but if people weren't going to the doctor all the time with self-inflicted obesity related problems there wouldn't be nearly as many overly priced doctor bills to pay in the first place.

Sun, 07/06/2014 - 21:40 | 4930385 The Most Intere...
The Most Interesting Frog in the World's picture

Well stated. I'm convinced ZH readers could fix healthcare in under 30 days!

Sun, 07/06/2014 - 15:29 | 4929465 deflator
deflator's picture

 It is a tax plain and simple...once the steep penalties start kicking in next year and especially following years, those that were previously uninsured will pay a couple hundred a month extra to be "insured". Of course the deductable and copay will render most of the previously uninsured still uninsured.

Sun, 07/06/2014 - 15:33 | 4929479 lunaticfringe
lunaticfringe's picture

You will still be far better off paying the enhanced 2.5% penalty rather than 6k in premiums with a 2k deductible. Even with the enhanced penalties the cost of this shit is still off the charts and doesn't pencil.

Sun, 07/06/2014 - 18:16 | 4929881 Chaos_Theory
Chaos_Theory's picture

Almost if by gets you to pony up 2.5% of your income for nothing.  Brilliant (evil...but brilliant).

Sun, 07/06/2014 - 15:29 | 4929467 viator
viator's picture

Informed health care experts expect costs to skyrocket.

"Full implementation of the Affordable Care Act’s (ACA) national health insurance expansion could result in many more discretionary surgical procedures in the next few years based on how utilization changed after an earlier insurance reform in Massachusetts."

Of course the experts are baffled. When you give away or subsidize a good people want more of it. How can that be?



Sun, 07/06/2014 - 18:29 | 4929923 Pure Evil
Pure Evil's picture

I don't know..............maybe we should ask all the idiots that got free Obama phones.

Sun, 07/06/2014 - 15:37 | 4929469 socalbeach
socalbeach's picture

For those previously uninsured, those in need of medical care or high-income people will sign up, those not in need and non-rich won't (if you make enough $, the penalty would be larger than the premium, so you might as well get insurance).  There weren't that many uninsured wealthy people, so basically the ones who need medical care will join, healthy ones won't. That will increase payouts, so premiums have to rise. Shouldn't that be a factor?

Sun, 07/06/2014 - 15:31 | 4929475 NoPension
NoPension's picture

When you can get coverage, after the event, it's not insurance. I don't know what you call it, make up a word, it's so fucking stupid. But it's not insurance.
Now, I don't want to be accused of defending insurance practices, it's one of the biggest rackets out there. But this is not insurance.
Soon, our Hero, Mr.Zero, will ride to the rescue, and mandate we cut out the middleman..... Go to single payer... The left's wet dream ( why, I don't know?)
The Left is bound and determined to get the country to agree to a mutuall suicide pact. WTF is wrong with these people. I can tell you a lefty's position, 99.9% of the time- if it's fucked up, backwards,gay,mutually suicidal, antiethical , devoid of logic and generally against the norms of accepted social behavior, they are ALL for it.
Something had to kill or eliminate these fucking people in the past, else humanity would never have survived to this point.

Sun, 07/06/2014 - 15:34 | 4929485 lunaticfringe
lunaticfringe's picture

My friend Billy says this. TG for abortions or we'd have another 50 million of em. Hard to argue.

Sun, 07/06/2014 - 15:58 | 4929532 NoDebt
NoDebt's picture

I doubt we could multiply fast enough to outrun what's flooding over the borders.  Add 'em both together and what do you have?  Utopia, of course.

Mon, 07/07/2014 - 08:18 | 4931165 TBT or not TBT
TBT or not TBT's picture

Weirdly, the same sociopaths are big big supporters of Planned Parenthood, the abortion mill of the very minorities and poor who are meant to stay on the sociopaths voting rolls.  

Sun, 07/06/2014 - 16:32 | 4929612 WhyWait
WhyWait's picture

NoPension, I get from your name where you're coming from.  We're all getting fucked over, in so many ways.

But let's think about Single Payer a bit.  The US is practically the only industrialized nation that doesn't at least have Single Payer.  In fact we do have it, it's called Medicare, which I can tell you from being on it is a whole lot simpler, cleaner and easier to get care through than any private plan I was ever on - in spite of Congress passing laws to screw it up (but that's another story).  

Not having at least Single Payer is the central reason why we are paying twice as much per person for health care in the US as the next closest country, Canada, while our health outcomes are terrible and getting worse.

Single Payer would be really good for jobs also.  By taking health coverage off the employers' plates and paying for it through a tax - Canada uses a national sales tax but we could use a payroll tax, an income tax surcharge, whatever - the employers would no longer have to calculate whether they can afford the insurance cost of hiring someone.

Before you flip over the T-word, consider: do you really care so much about who takes the money from your pocket that you'd rather pay $1200 to a private insurer - who then fights with you and your doctor over what care you can have - than $500 into a government fund?  

Sun, 07/06/2014 - 17:03 | 4929694 Greenskeeper_Carl
Greenskeeper_Carl's picture

The problem with that is it uses the force of govt to make people pay for things they may not want or need, and to pay for the healthcare of others. It removes personal responsibility. Medicare/Medicare are two of the big reasons we have over 200T in unfunded liabilities. This would just add to it. Not sure how much more you think the average person can afford to pay in taxes, but it ain't enough to cover this.

Sun, 07/06/2014 - 20:11 | 4930147 WhyWait
WhyWait's picture

As a Medicare patient my physician and I play detective trying to find underlying problems, exploring lifestyle changes etc.  So different from care I was used to where they prescribed for a symptom and shoved me out the door. This has led to my taking more responsibility not less.

Let's stop beiong hung up on the problem of someone getting something we didn't at our expense.  If we're reading ZH we know we have much bigger problems to deal with, like the owners and managers of global corporations who are acting like gangsters and plundering the whole world economy.

Mon, 07/07/2014 - 08:24 | 4931181 TBT or not TBT
TBT or not TBT's picture

Actually, entitlements are going to grow to consume the entire GDP rather soon, which of course will not happen.  The entitlements will not be delivered, among other epic disasters that anyone with a conscience should be acting and voting to avoid.   The incentives we have set up, voting free stuff for ourselves from the public treasury, will very predictably abd mechanically destroy our civilisation.   

Sun, 07/06/2014 - 18:02 | 4929846 HastaLaVictoria...
HastaLaVictoriaSiempre's picture

Medicare is only 25% funded by the contributions of the insurees. The rest comes from your taxes and printing dollars. There is no "fund" as one would expect for a private insurer, so if like me you are in your late thirties there is no guarantee the hefty amount confiscated from your paycheck every month will result in (half decent) coverage when retirement comes. I'd rather save that money myself or establish a contract with a third party than rely on .gov.


Sun, 07/06/2014 - 19:01 | 4929976 WhyWait
WhyWait's picture

You are setting yourself a false choice, letting the insurance companies and their schills enroll you in "Grinchthink".

What about Medicare right now, for you and your children?  If the taxes are set to cover payouts on a real time basis then it doesn't depend on a fund whose value could get wiped out.  So what if it's covered by taxes.  Think of them as premiums - does that help?

Sure, you will still have to pay for the care for old folk, the chronically ill, children with genetic disorders, etc.  The main point is over a lifetime you get over twice as much for your dollar, and better care too because not fractured and distorted by insurance companies trying to avoid paying what the doctor orders and doctors squandering their precious time arguing with clerks and making decisions based on what this or that policy will pay for.  And an environment full of sick and sometimes contageous people who haven't been taken care of because of bad or no insurance.

The big problem with Single Payer is it cuts out a very lucrative parasitic financial industry.  How much does that bother you?

Sun, 07/06/2014 - 19:20 | 4930051 HastaLaVictoria...
HastaLaVictoriaSiempre's picture

Single Payer is the government, and the government mismanages most things it touches - that bothers me. The taxes are NOT "set to cover payouts on a real time basis"; this country is printing money and has borrowed massively, largely to cover healthcare. Medicare is a ponzi scheme, completely and utterly unsustainable. My elders payed artificially cheap Medicare "premiums" and now I should pony up to cover their 200k$ immune modulator cancer treatment that will add 4 months to their lives? This, knowing that it is mathematically impossible for the same system to provide me with the same benefits 30 years from now?


Sun, 07/06/2014 - 20:25 | 4930195 Dingleberry
Dingleberry's picture

Defensive medicine costs more than what the insurance companies make. Lawsuits, malpractice insurance, endless tests, etc. etc. etc.  but you NEVER hear of this even though the other countries that socialists say we should emulate do not allow lotto-style lawsuits.


But I am not surprised. The trial lawyers are usually the biggest $$ donors to the democrats.

Healthcare would fix itself if it were market based. We have so many people removed from the consequences of their actions that the system is cracking under its own weight, PUN INTENDED.

Eat like a pig. Drink like a fish. Don't worry....medicare will pay for it.

You liberals want to do it like the europeans? Fine. Let's go all in. 

That means getting rid of lawyers. That means wait lists (which is a backdoor way of penalizing the sick).

Think that will ever happen? That's what I thought.

Sun, 07/06/2014 - 20:25 | 4930201 sunnyside
sunnyside's picture

This above is the adult conversation that we still refuse to have.

- 1.  There are only so many dollars to go around.  The printing will end.

- 2.  Rationing has to happen for any public service.

Sun, 07/06/2014 - 20:27 | 4930204 WhyWait
WhyWait's picture

Hasta, If we are going to confront the banksters we have to stop buying their bullshit.

Social Security may arguably be a Ponzi scheme, or it may be in trouble because Congress has borrowed and spent most of the Social Security fund and the interest on the investments has plummeted.  Medicare on the other hand is basically a simple transfer payment system, will be good as long as we support it, and if everyone is on it will not be at risk from a political backlash.  Sure the young folk may get crazy as the economy tanks and throw granma under the bus, but they won't do that to themselves or their own children.


Sun, 07/06/2014 - 21:20 | 4930324 HastaLaVictoria...
HastaLaVictoriaSiempre's picture

Wall Street is not the root of the problem here. You have a populace that wants only the most technologically advanced care in the world, right now with no waiting lines, at a fraction of the real cost and win the lotto when a medical error occurs. It's like a driver who wants a Cadillac but can only afford a Toyota. There is something called "unfunded liabilities", which for Medicare means the US gov promised tens on trillions (with a T) in care for which there is no future revenue booked, ie no expected taxes to cover the expenditures. Right now printing supports the system, which consists in taxing the rest of the world so everyone here can drive a Cadillac; this is the "simple transfer payment system" you are referring to and it is not sustainable.


Mon, 07/07/2014 - 08:30 | 4931198 TBT or not TBT
TBT or not TBT's picture

Medicare is a formidable vote buying, government dependency generating machine that is growing out of proportion to physical reality itself.  It will turn to shit.  What cannot continue forever will stop.  

Sun, 07/06/2014 - 20:36 | 4930205 WhyWait
WhyWait's picture

<duplicate removed>

Sun, 07/06/2014 - 19:26 | 4930061 NoPension
NoPension's picture

I would rather have a market based healthcare system, by which to shop for basic services, and a catastrophic policy for the big, unforeseen events.
Like it used to be, before the .gov got involved and fucked up the market structure with medi-crap, mandated hospital treatment, and tax exempt status for company health plans.

Look , you mean well. And were polite in your argument. But....

The government ALWAYS fucks things up and makes them cost more.

So, no thanks.

Sun, 07/06/2014 - 19:40 | 4930090 NoPension
NoPension's picture

And further more, let's get THIS out of the way;

Healthcare is not a right. Neither is food, shelter,a car, phone or any other commodity required to live. These things are goods and services that require materials and LABOR to provide.
We have rights, God given, and codified in the Constitution. And "codified " not granted by the Constitution.
It sucks, I know, but life should not be a free ride. To many people believe " I exist, therefore I shall have". Bullshit. Grow up you children who believe this.
This may be, for now, but it won't last. You skittle shitting unicorn believers had better hope you have a chair when the music stops.

Sun, 07/06/2014 - 19:50 | 4930113 ForTheWorld
ForTheWorld's picture

Where does personal responsibility come into this? If you believe that you have rights that are God given, do you also believe that we have responsibilities that are God given?

Sun, 07/06/2014 - 20:14 | 4930172 NoPension
NoPension's picture

Well I don't understand the context of your question.
As far as " God Given", I'm pretty much an agnostic. Substitute the Great Pumpkin for the god part, ok with me. The point is, we are BORN with certain rights. Those rights were recognized by or " codified" by the Constitution. Those rights are NOT granted by men, nor taken by men.
Did that explain my point, kinda sorta? Good

As far as personal responsibility. Ahem. I'm a relatively new poster here. Been reading for over two years. The Tylers require a little work, in order to get the privilege to post. I have been happy to just read, until recently, so I took the leap.
A long winded way to say, if you read my limited posts, you will see I am a big fan of personal responsibility. Or rather" you make your bed, sleep in it" and " you break it, or get it pregnant, you own it"

Sun, 07/06/2014 - 20:26 | 4930203 Dingleberry
Dingleberry's picture

Yes world.

You have responsibilities from God.

Wipe your own ass. 

It's YOUR responsibility to do that. Not mine.

Sun, 07/06/2014 - 18:27 | 4929914 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

Massive bailout needed for insurers. Between this shit and the fact they've been writing "guaranteed" income annuities for years. Look out below

Sun, 07/06/2014 - 15:35 | 4929486 NOZZLE
NOZZLE's picture

Like how often will ObangaCare enrollees go to a doctors office for care related to their shit lifestyles,  about as often a d vigorously as they swipe their EBT card for a bag of Cheetos and a can of Coke.  This was not predicted,  by whom was it not predicted. 

Sun, 07/06/2014 - 15:35 | 4929488 JD59
JD59's picture

Barry Soetoro's communist insurance plan to create another massive gov. database to collect data of gun ownership (mandated in ovomitcare), document mental health status & all drugs prescribed, crosslinked with NICS database to then disarm Americans.

Sun, 07/06/2014 - 15:36 | 4929490 tnfcfa
tnfcfa's picture

The premium for my team of 10 employees aged 30-52 went up $52,000 (from $60,000 to $112,000). I now have 9 employees and 4 new workstations.

Sun, 07/06/2014 - 18:34 | 4929935 SDShack
SDShack's picture

Multiply this example by millions, and this is what is going to happen this fall. I have been saying it for months, and will repeat it again. The 0zer0care shitstorm is going to splatter all over EVERYONE this year. The rising costs due to the obliterated risk pools are going to swamp business owners who will have to either eat the cost (unlikely), eliminate HC for employees (possible), cut employees (probable), or pass on the cost increases to the employees (likely). Insurers are calculating their rate increases for 2015 right now. By September, those rate hikes will be known to everyone by October as part of your Annual Open Enrollment period. This is necessary to meet the 90 day WARN requirements for benefit changes that go into affect 1/1/2015. The sticker shock that is coming is going to kill the holiday season, and that will show in 1Q2015 earnings. 4Q2014 is going to be a disaster, and the first half of 2015 is going to be worse. Plan accordingly.

Sun, 07/06/2014 - 19:49 | 4930111 potato
potato's picture

Maybe this will finally raise the labor participation rate of young people? Companies will finally hire them over the old farts who are a medical liability.

Sun, 07/06/2014 - 15:44 | 4929500 A Lunatic
A Lunatic's picture

I don't understand why I can't receive medical services unless I first pay tribute to a government sponsored, corporate middleman......

Mon, 07/07/2014 - 08:38 | 4931210 TBT or not TBT
TBT or not TBT's picture

Passed on a straight party line vote, unread, in the midst of particularly twisted parliamentary shenanigans.  Out of the most transparent congress ever(TM Nancy Lugosi)    

Sun, 07/06/2014 - 15:44 | 4929502 Duffy
Duffy's picture

One of the major components of Obamacare was how medical information is collected and stored.

The law itself is so complex no one can understand it, the economics distills to a cash grab for the largest insurers and the federal government, but the data...   total information control....  no privacy as to the government....


I mean, the notion you were going to not seriously control costs, after disallowing medicare to negotiate prices, by the way, which likely pleased some idiot libertarians somewhere but fucked the taxpayer - again - add 30 million people, but not add any new doctors... all as medication costs creep up and up and the American diet gets worse and worse...

I mean it was about a cash grab, government power, and the Leftist notion of making everyone equally miserable and calling it progress.




Sun, 07/06/2014 - 18:21 | 4929893 NoWayJose
NoWayJose's picture

And you can bet all that juicy data is going to be captured and shared with other government agencies. You can be off the grid, but only if you never need healthcare!

Sun, 07/06/2014 - 15:45 | 4929505 JR
JR's picture

One wonders how destructive a measure has to be before the Congress refuses to pay for it.

Obamacare passed almost secretly on flawed Senate procedure, was rubber stamped by a turncoat judge, sailed into the House of Representatives whose responsibility it is to use taxpayer money to pay for government programs and sailed right out again with the funding approved.

Why would the Republican voter base want to support Republican control of the House of Representatives with its power of the purse when those Republicans sell them out? When the government shutdown could have been used to stop Obamacare, the Republican Establishment was too concerned about the lobbyists pulling the money to finance their next election to worry about representing the people.

Obamacare is a Republican program, completely funded by the Republican Party, regardless of the lies they use to cheat their constituents.

Mon, 07/07/2014 - 08:51 | 4931237 TBT or not TBT
TBT or not TBT's picture

Good.God man.  Obamacare passed on a straight party line vote.   A pure D product.   In a context where half the electorate is paid for by the D party, before the disaster of obamacare's results become obvious, with the entire print media, tv news, and Hollywood on their side.    Thank god for Ted Cruz putting them all on record during the faux shutdown, sure, but with Obama the alinskyite destroyer in office and the Senate controlled by D's and the House half D and the  courts allowing congress to run without constitutionally mandated budgeting nothing was going to happen to the D's holy grail of govt control of our lives.  Live to fight another day.  Obamacare will blow healthcare economics to bits, after the 2014 midterms, to be sure.   Maybe the constitution can be reinstated in 2017 if the D's can be pinned with this evil thing they have built by then.   You are not helping.   

Mon, 07/07/2014 - 12:45 | 4931908 JR
JR's picture

The play was not in the Senate where the Democrats have the vote. But the action was in the House where the Republcian Party voted to fund Obamacare.

And as for the Senate, it was Senate Minorilty Leader Mitch McConnell who did Ted Cruz in on the cloture vote to help give us Obamacare.

Sun, 07/06/2014 - 15:45 | 4929506 slightlyskeptical
slightlyskeptical's picture

Wasn't the big decline in actual GDP due mostly to low claims payouts by the health insurers? I'm not really sure how that can result in an increase in rates, but i'm sure they will justify somehow. Higher profits are needed continually to keep the facism moving along.

Sun, 07/06/2014 - 15:47 | 4929511 ebworthen
ebworthen's picture

Rates are going up because it is a FUCKING SCAM.

This on top of the utter corruption of the bailouts and the FED backstopping every corporation and bank while punishing citizens will break the back of the nation.

Sun, 07/06/2014 - 16:15 | 4929577 NYPoke
NYPoke's picture

It was an orgy for the Insurance & Drug Companies.  With the government now back the same system & tax payers supplementing them, these companies can push it as far as possible.


$84k for a single prescription???? No. That's nuts.  No doubt real but nuts nonetheless.

Mon, 07/07/2014 - 00:39 | 4930781 ebworthen
ebworthen's picture

My Sister is paying over $1,400 per month.  Why?  Because they know she has the income.

She is completely fed up, and FED up.  If those fuckers don't think we see the scam, they are dreaming.

The fantasy will come to a crashing collapse because all of those formerly hard working responsible decent people are going to give the system the big finger and a hearty FUCK YOU.

I hope the FED has another $17 Trillion to give to WE THE PEOPLE or they will swing along with all the other mandarins and mammon lusters.

Fuck Wall Street and Washington to hell, and back.

Sun, 07/06/2014 - 15:55 | 4929527 Dingleberry
Dingleberry's picture

This is what liberals always fail to grasp:

People ALWAYS act in their own self-interest.

This includes opting into Obamacare, or paying the pittance of the (nearly-uncollectable) penalty to the IRS.

Another example of liberal hypocrisy is liberal colleges were quick to screw the kids over instead of acting like the charitable, altruistic entities that they perport to be. Why? Because they acted in their own self-interest, even at the expense of the poor and vulnerable.

The same is happening, and will continue to happen, with Obamacare. The only ones that will buy this "insurance" will be those that do the calculation, take more than they give, and join up.  These tend to be chronically ill folk, obese, diabetic and whatnot. Oh, and they are brokedick too. Hence the subsidies. 

The healthy folk (yes, even the liberals who supported this travesty) will stay away and keep THEIR hard-earned cash instead of paying for their neighbor. This trend will continue as the math is going to get worse.

Those of you that work and have insurance, perhaps an Obamanite will thank you for your extra contributions. In the meantime, pay the fuck up. You voted for it.  And make sure you have about 5k in the bank to pay for your deductible should you ever need to use this "insurance".

It sometimes sucks when you get what you demanded. But that's what happens when you listen to 20-second sound bites and construe that for sound opinion and decision-making.

Personally, I cannot wait until the cadillac tax hits the union health plans. THose fuckers actually paid for and voted for this mess. Serves 'em right. 




Sun, 07/06/2014 - 16:12 | 4929563 Duffy
Duffy's picture

Well that's why we need to have open borders.  To create jobs, and get this economy moving again. 

Because Obama.

Sun, 07/06/2014 - 18:25 | 4929905 Laddie
Laddie's picture

I uprated you because I GOT your sarcasm. Next time you may need to add SARCASM as a tag to your remarks otherwise you will get downrated.

Sun, 07/06/2014 - 16:13 | 4929565 The_Ungrateful_Yid
The_Ungrateful_Yid's picture

Best thing for me at this time is to pack up and leave this shithole of a country while I still can.

Sun, 07/06/2014 - 16:15 | 4929575 samuraitrader
samuraitrader's picture

i know as a single male who works as an independent consultant my health care premium is increasing 50% in order to get into a plan that meets the Obamacare criteria. Thank you Mr Pres and Congress.

Sun, 07/06/2014 - 16:27 | 4929596 q99x2
q99x2's picture

Hussein Obama is a caliphate. He is passing every possible action to attack the United States of America before launching the stinger missle attack on airliners and nuclear waste storage facilities by way of Central American muslims from Brazil, across the Mexican border  and into United States. Obamacare is about to take on a whole new meaning.

Ya and I have to fly back to LA in September.

Sun, 07/06/2014 - 19:46 | 4930101 potato
potato's picture

I have a feeling your flight will be diverted to Gitmo

Sun, 07/06/2014 - 16:25 | 4929600 SMC
SMC's picture

Another factor may be the number of honest and competent medical personnel who have given Obummercare the middle finger and left the profession.

Those who have left the profession will increase the relative ratio of incompetents & scammers which would be expected to substantially increase costs and waste as well.

Sun, 07/06/2014 - 18:11 | 4929870 HastaLaVictoria...
HastaLaVictoriaSiempre's picture

The boomer generation of MD's is reaching retirement age. Now, physicians often stop working late (70's easily), but this group typically has a good nest egg and faced with the torturous bureaucracy and ever decreasing reimbursements, expect many to retire earlier than they would otherwise do without the latest changes. The younglings have adifferent mindset, many choose to work by shifts (hospitalists) and women, who make up >50% of the graduates nowadays, want quality of life and won't pull 60-hour weeks.

With the boomer generation of patients entering the part of their lives when they consume the most healthcare, expect an environment with high demand and low offer for services. Good luck finding a good practician with your government "insurance"; Medicare is going to end up like Medicaid, with no one interested in taking it unless coerced to.


Sun, 07/06/2014 - 16:26 | 4929601 Goldilocks
Goldilocks's picture

R.E.M. - It's The End Of The World (4:04)

Sun, 07/06/2014 - 16:29 | 4929603 goldstandard
goldstandard's picture

Obamacare has turned into a nightmare for many in the middle class ( what's left of it ) that were and still are living from paycheck to paycheck. for those that have never had health insurance as well as those that had a great 80/20 plan, many are now finding that their stuck with anywhere from $1,000 to as high as $5,000 deductibles before their insurance even kicks in. So let's say your doctor says you need an MRI and it just happens to cost $2,100. That's money that has to come out of your pocket and many people in those positions are putting off much needed exams that could, if performed, help catch a disease process in its earliest stages rather than when it's too late and for thousands if not millions it will be too late all because people do not have that type of disposable income to pay for such procedures. This abortion of health insurnace for all will end up as a nightmare but a boon for those in our society looking to cull the heard.

Sun, 07/06/2014 - 16:35 | 4929620 Smiley
Smiley's picture

My private plan has already gone up 30% in the past year and a half and service keeps getting worse.  I'm looking into getting a plan in Asia and just hopping on a plane if I need any elective procedures done.  A single co-pay for an elective surgery would pay for the round trip flight and a week stay in a resort style recovery facility.  People who think the ACA has done any good for working stiffs like me are completely out of their minds.

BULLISH:  Medical Tourism. 

Sun, 07/06/2014 - 18:14 | 4929878 HastaLaVictoria...
HastaLaVictoriaSiempre's picture

Try taking the surgeon to court if your heart valve placed in India gets infected...

Sun, 07/06/2014 - 19:57 | 4930133 NoPension
NoPension's picture

Medical Cruises.

" Welcome aboard, mates! Our glistening new 500 room, 25 surgical center , floating international Medical Cruise ship! We hire the finest doctors, from around the world. We employ the finest chefs. We are state of the art, and ply the calmest and most pleasant seas.
Enjoy a vacation, and get that hip replaced. Our culinary experts will tailor healthy, tasty meals for your enjoyment.
Relax and recover in style and luxury. No crowded waiting rooms. No dealing with pesky Government data bases.
We accept cash,precious metals, Visa, MasterCard and American Express."

Sun, 07/06/2014 - 16:47 | 4929626 countupir
countupir's picture

This can be distilled into 2 reasons:

1. Government mandated: Everything .gov mandates and injects themselves into the middle of goes way up in price because not only are you paying for [whatever] product/service and now buearacracy gets a cut without adding any productive benefit.  They also cause the vendor to jump through hoops/red tape to 'comply' with a standard that is 'safe' for the USSA person who are forced to pay at the business end of a gun.

2. Government mandated: When companies are given a exclusive 'license' and exclusive corner to work the costs always go up because the .gov/mob keeps competition away from their .gov sponsored vendor's corner.  Best yet, the vendor's that are annointed by .gov become deemed too big to fail and will be more interested in keeping .gov happy to keep the gravy train going rather than benefit the USSA person who are a pure liability by the vender of mandated medicial insurance.

Sun, 07/06/2014 - 16:41 | 4929628 Hubbs
Hubbs's picture

Insurance companies must secretly  be loving this, because while they can use the excuse of increased coverage forcing them to raise their rates, they know that due to the deductibles and copays, people will be unable to ever utilize their insurance in the first place.


The irony will be that people can't pay their copays or deductibles because they are broke after having paid the sky high premiums! ...that is for the middle class non Cloward-Piven people,  but not for the FSA (free shit army).

Sun, 07/06/2014 - 18:42 | 4929957 SDShack
SDShack's picture

Oh, it's even better than that. Since the insurers wrote 0zer0care, they wrote a failsafe clause. If the risk pools are obliterated (and they are), causing the COSTS for insurers to increase, the GOVT pays the insurers the difference. It's another BAILOUT and it is MANDATED in 0zer0care. So not only are consumers getting raped by 0zer0care with higher costs and lower service, but they also get to pay higher taxes to BAIL OUT the insurers! God is this country fucked!

Sun, 07/06/2014 - 17:17 | 4929733 flysofree
flysofree's picture

Just look at stock prices of health care corporations. Their profits are going through the roof, yet ZH repeats the lies about corporate profitability of Obama care. Health care professionals are the new Wall Streeters: a Filipino nurse makes more than CEO of a small corporation.

Sun, 07/06/2014 - 18:07 | 4929857 Laddie
Laddie's picture

The Elephant in the Room: Panel on Immigration’s Impact on Health Care Reform

Wednesday August 19 2009

If we were to look at the current health-care reform legislation, this takes an unprecedented step in opening up the U.S. welfare system to illegal immigrants. Under the current law, really forever, we have had a system of identity checks that largely prevent adult illegal immigrants from getting onto these means-tested welfare programs. You have to be able to substantiate that you’re in the country legally and you have to be able to substantiate that you, if you’re a legal immigrant, that you’ve been here over the time limits for eligibility.

The health-care reform legislation turns that on its back and tramples it into the dust. It basically says we will not verify; we will not check. We have a complete open door for every illegal immigrant, current and in the future, to simply enroll and receive benefits under this program. We not only will not check them at the door; we will not check them once they begin to receive the benefits. I would say if you’re going to do that with respect to health care, why would you not also establish the same precedent with respect to food stamps, to public housing, to the Earned Income Tax Credit and so forth.

And I believe that is, in fact, the direction that the Congress wants to go to, to allow all welfare benefits to be fully available to all illegal immigrants.

Sun, 07/06/2014 - 20:13 | 4930156 WhyWait
WhyWait's picture

<duplicate removed>

Sun, 07/06/2014 - 20:08 | 4930157 WhyWait
WhyWait's picture

So we could afford the health care swindle if we would just cut the illegal immigrants out?  Undocumented workers who often pay taxes into the system with no hope of getting anything back?

Let's stop being hung up on whether someone is getting something they don't deserve at our expense.  If we're reading ZH we know we have much bigger problems to deal with, like the owners and managers of global corporations who are acting like gangsters and plundering the whole world economy.  The same ones who own or control the great insurance houses and worked hard to pass off Obamacare instead of the reform we most needed, which was cutting *them* out of the loop!

Sun, 07/06/2014 - 20:32 | 4930213 Dingleberry
Dingleberry's picture

There are much bigger problems, but if you think illegals are a net economic win, you are delusional.

They take more than they give, hence their distinct voting pattern.

Go visit some sanctuary cities and see for yourself.

Insurance companies are far from the only villians in this game. Try lawyers (they are worse). Try the American Medical Association. Try pharma (they are worse). Try medical equipment companies.

And the biggest "worst" of all: the American public, for treating their own bodies like dog shit and expecting everyone else to pay for it.

Sun, 07/06/2014 - 21:29 | 4930331 WhyWait
WhyWait's picture

re.   "And the biggest "worst" of all: the American public, for treating their own bodies like dog shit and expecting everyone else to pay for it."

As a ZH reader you no doubt understand that

1. the corporate media are schills for the corporations, and give little to no information to the masses about the poisoned slop we're being fed, and endless slick advertizing to sell us on the worst of it.

2.  One of the hidden faces of inflation is the substitution of this slop for real food, so that a family on a subsistence income can't afford anything else.

You may also know, but won't be surprised to hear, that

3.  Corporate-twisted medical research propagates dangeroud and corporate-sponsored fallacies like the claim that soy oil is better for you than butter. And 100 more.  Including that outrageous FDA food pyramid which has it exactly backwards yet is taught in medcical schools

This is straight out of Naomi Klein.  The corporations - food, agribusiness, chemical - make us sick feeding us slop, then others (owned often by the same gang or the same banks and holding companies) make a fortune on providing solutions, from endless diet foods and supplements to hugely expensive care for entirely preventable diseases like diabetes and mostly preventable like cancer.  Articles that expose the racket don't get printed. (I have great examples to share, for another day)

(In spite of all obstacles, more and more regular folk are taking control of their diets and demanding good information about their foods. I shop at the lowest price discount grocery store, and even there good imported and organic food is starting to show up.  But it's hard, especially if you're struggling.  I particularly like for this.  I stay away from Dr. Oz, who's compromised.)

The readers of ZH are at the forefront in understanding how the system works, how and why it's crashing and who's responsible.  If we are going to be part of the solution we have to let go of this habit - nay this Favorite American Passtime - of blaming the victims.  We may need to share our barricades with them!

Mon, 07/07/2014 - 10:47 | 4931483 Dingleberry
Dingleberry's picture

So fat fuckers that have time to watch 20 hours of sports or internet porn but have NO time to exercise are "victims"?

I think I won't run 3 miles today like I plan....I think there is a McDs a mile away and that is causing me to have a big mac attack.


See you at the buffet

Sun, 07/06/2014 - 18:18 | 4929886 Goldilocks
Goldilocks's picture

Barack Obama: Yes We Can (13:09)

Lobotomy - PBS documentary on Walter Freeman (5:10)

Sun, 07/06/2014 - 18:23 | 4929898 RaceToTheBottom
RaceToTheBottom's picture

Whats going on in Oregon?  Didn't they get the memo?

Hey, weren't they the state that had a list of procedures that would be covered and others would not?


Sun, 07/06/2014 - 18:38 | 4929946 Atomizer
Atomizer's picture

Obama needs new illegals to jump start new social security ammendments, and jump start the low ObamaCare enrollment. New illegals are the new taxpayer fools. 

Look, we potentially have 290k new taxpayer citizens to help GDP and write in 2016 Despotism party.

Keep sending condoms and Popsicles to keep them alive. 


Sun, 07/06/2014 - 18:45 | 4929961 QQQBall
QQQBall's picture

Wrong guesses wipe out profits! but not for Healthcare Cos. they are covered. Repeal Obomber Care - I got a big envelope from Anthem - guessing my premiums went up again.

Sun, 07/06/2014 - 20:32 | 4930215 RaceToTheBottom
RaceToTheBottom's picture

WS has no Risk

Banksters have no risk

Healthcare co have no risk

Only people that have risk are citizens.  Actually they have no risk.  Their losses have no risk of not occuring.

Sun, 07/06/2014 - 20:18 | 4930185 Westcoastliberal
Westcoastliberal's picture

You're wrong.  It's because of GREED pure & simple.  And the U.S. government is a co-conspirator.

Sun, 07/06/2014 - 20:45 | 4930238 WhyWait
WhyWait's picture


Final word for the night: we knew from the get go that Obamacare would not stop costs and premiums from continuing to skyrocket.  They were going to anyway.  Now the Republicans can blame it on Obamacare, and the Democrats are destroying their credibility trying to defent it.  That was part of the Obama setup from the beginning.  

But don't feel sorry for him.  He'll get a hearty "job well done" from the banksters who funded him, his pick of seats on top corporate boards, maybe get paid as a senior advisor to the CIA, and get rich making speeches at $1000 a plate dinners as every zillionaire's favorite Democrat - if he can get through the next two years without his handlers deciding he's become too much of a liability.


Sun, 07/06/2014 - 21:24 | 4930337 Playtime's Over
Playtime&#039;s Over's picture

Republicans are responsible for Obamscare.  Har dee har.  Now dat just ain't going to fly thier Valerie.

Sun, 07/06/2014 - 21:31 | 4930350 novictim
novictim's picture

More Animal Farm ahistorical ranting?

We still recall that health care premiums were rising at 25%+ per year prior to the ACA.  So try this bullshit story in 4 years when we have all forgotten the facts.

Sun, 07/06/2014 - 22:19 | 4930490 tumblemore
tumblemore's picture

How do you completely impoverish the middle class if they already have houses and land bought and paid for they can pass down to their children?


medical bills


Sun, 07/06/2014 - 23:12 | 4930633 AdvancingTime
AdvancingTime's picture

Healthcare is ridiculously expensive because many people have convinced themselves of  three things: The answers for good health outcomes rest with pills and procedures rather than good diet and exercise. Death at late stages of life is some strange, recent development in human history which justifies and necessitates extreme, exorbitant payouts to delay it for every possible last second.  And last but not least, thinking that mixing all the myriad of "health care" transactions that result from the just mentioned concepts with health insurance as originally conceived to protect a person from unforeseeable, catastrophic events like an accident is a good idea. Just because we can does not mean we should, healthcare is like a tape worm ever ready and always wanting to grow larger. More on why healthcare is so expensive in the article below.


Mon, 07/07/2014 - 00:44 | 4930791 Colonel Klink
Colonel Klink's picture

Two words....Fuck Them!

Mon, 07/07/2014 - 08:27 | 4931189 Disenchanted
Disenchanted's picture

Former Wellpoint executive writes Obamacare legislation and health insurance premiums rise.

Well duh!

Mon, 07/07/2014 - 08:40 | 4931213 Bogdog
Bogdog's picture

Think outside the box for a moment. What if a health insurance plan were run as a non-profit enterprise? Admittedly, they still need to make a "profit" of some sort to maintian and fund their operations. But that would enable them to charge less than a "for profit" insurance plan over time. And this would result in them being more desirable from a consumer standpoint. Thereby creating price pressure on the for profit plans. This assumes the consumer can see a fair and accurate comparison to make their choice.

Back to my nap........

Mon, 07/07/2014 - 11:58 | 4931717 franchescapelletier
franchescapelletier's picture

Too many logical answers here that miss the point. Obamacare was written by Liz Fowler a consultant to Sen Max Baucus who originated the ACA bill and she came from WellPoint the 2nd largest health insurer in the US. Duh... Why the back-up gov. funding in case the insurers get in trouble? Duh... 'Cancer Vortex by Kenneth Anton' explains why Obamacare was a fiasco from day one. There is no excuse for such an abominable bill to be passed by Congress. And Pelosi spoke the truth when she said to Congress: "You have to pass the bill to find out what is in it." Now we are all finding out the tragic repercussions.

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