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Response to stevedeshazer (Reply #14)

Wed Jun 27, 2012, 10:41 PM

61. No, the billions health insurance are mandated to refund was the poison pill for private insurance.

There is a thread here on when the checks are ordered to be sent, even though it said that some of the insurers were holding back notifying people. They were still required to pay it.

The ACA says that not only did they have to stop denying coverage - now, not in the future - but they owe all they charged above what differed from administrative cost that Medicare gets as opposed to direct patient care. They got smacked down about trying to put the cost of advertising in the direct care portion and squealed.

The for-profit insurance industry is and will be losing profit from the ACA. They have tried to change the law but Obama has refused.

I follow closely because of the people I know covered with pre-existing and the extensions on who gets covered. The videos and text I saw and read, said the bill would starve the insurance industry. Some were complaining and shaking off coverage for that reason, saying they wanted their clients to be covered by the government.

There are even provisions in the ACA for the expected and intended jobs lost in the private insurance industry spelled out clearly because it will eventually drive everyone into single payer, like Medicare for all. If patients want to negotiate more coverage with private insurers, they can do as they now do with supplementary insurance.

The for-profit insurers did not oppose this bill because they were going to make a killing off of it, but because it was going to reduce their profits, strangling them. IMO, the ACA is designed to become single payer due to investors refusing to support the lower profits of the private companies.

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stevedeshazer Jun 2012 OP
annabanana Jun 2012 #1
hlthe2b Jun 2012 #3
stevedeshazer Jun 2012 #14
Posteritatis Jun 2012 #44
woo me with science Jun 2012 #53
LineLineLineLineReply No, the billions health insurance are mandated to refund was the poison pill for private insurance.
freshwest Jun 2012 #61
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