Insurers Want Relief
Insurance companies had to spend a lot of money adapting to ObamaCare’s botched rollout. And unless the White House intervenes, the law could penalize them for doing it. Problems with HealthCare.gov — and the administration’s work-arounds — saddled insurance companies with unexpected logistical costs. Yet the Affordable Care Act also caps insurers’ administrative spending, forcing them to pay rebates if their overhead is too high. Insurers will ask the White House for some relief from those rules, an industry source said, in light of the unexpected costs they had to shoulder because of HealthCare.gov. The request is still preliminary. Insurers haven’t yet tried to estimate how much the website’s problems cost them, mostly because they’re still focused on trying to get people in the door and to work through the remaining kinks in the system. But the core argument is already there: Insurers don’t think it’s fair to penalize them for expenses they incurred solely because of the government’s broken website or the administration’s last-minute policy changes. (Sam Baker in the Nation Journal)
Fair enough. But should everyone else get relief as well? (Including this woman?)
“Insurers Want Relief”
They’re not going to get it.
Or it will be worse than if they hadn’t asked for anything.
Seeing how this is rolling out, you’re probably right.
I don’t think they would get one either. Though sanctions are going to be implemented and Obama will be on national TV stating that the sanctions are being imposed because the insurance companies are not allowing Obamacare to work.
“Insurance companies had to spend a lot of money adapting to ObamaCare’s botched rollout.”
That’s just the start.
It will cost a lot more money to fixed the botched system.
“the law could penalize them for doing it.”
Is anyone really surprised that they’re destroying their collaborators?
The law is trying to destroy everything in its path
And it will probably succeed, at least with healthcare.
“Yet the Affordable Care Act also caps insurers’ administrative spending, forcing them to pay rebates if their overhead is too high.”
Only someone with absolutely NO idea of how a business works would implement a rule like that.
You just described all of Congress.
Politics. They set up a façade to make them look as though on businesses and supporters of the citizen. The problem is that their solution will back fire.
“Insurers don’t think it’s fair to penalize them for expenses they incurred solely because of the government’s broken website or the administration’s last-minute policy changes.”
Because it’s not. People tend to reflexively know what’s fair and what isn’t.
Insurers absolutely right to not be penalized for problems out of their control. Obamacare is not being Obamafair.
Obamacare was a rushed measure. Obama popularity dwindled; he and his party needed something to show that they were accomplishing something. For that reason ACA was implemented missing key points and healthcare.gov was launched even though experts knew it wouldn’t work. Those who have to carry the burden are going to be insurance companies. Their request is fair, they deserve this relief. But they won’t get it.
Yet today on the news–United Healthcare, the country’s largest healthcare insurer report a large profit….how do you explain that?
Insurance Companies wrote the Reform laws. Let them stand behind what they wrote.