Insurance Companies Upset About Obama’s Policy Cancellation Changes

What’s all this talk about Obama lied when he said you can keep the health insurance policies you have if you like it? Correct me if I’m wrong, but wasn’t he talking about the 95% of the insured who receive employer-based coverage and not those on the individual market?

Hell, at least his “lie” didn’t lead to the military invasion and occupation of another country that saw the loss of many lives… because somebody’s friend at Haliburton needed extra pocket change. But inconvenient lies aside, now that President Obama has made an announcement of changes on policy cancellations much to the appeasement of agenda-driven Republican trolls, and the willfully ignorant consumers who listen to them. Hopefully consumers will enjoy being forced to enjoy their piece of shit health insurance coverage that hardly offers the amount of benefits their new and possibly cheaper policies would have junk policies for at least another year. Woo-hoo! Let’s have a victory party, why don’t we!!!

Yes, let’s celebrate stories like this, folks:

In September 2010, Missouri regulators issued more than $1 million in fines against 13 companies and individuals that sold discount plans misrepresented as comprehensive health insurance. Regulators said many were promoted through faxes advertising “AFFORDABLE HEALTHCARE PLANS!” and consumers were told, “This is not a discount plan!” One woman bought a plan to get the advertised free flu shot. A year and a half later, all she had to show for her $1,717 in payments was one denied claim … for the flu shot.

As a consequence of these changes, however, if the words of one insurance company big wig holds true, we can thank the Obama hate machine –right-wingers hell bent on making sure that Obamacare is a failure — for an increase in premiums. Check out the following statement released yesterday during Obama’s announcement from Karen Ignagni, president of America’s Health Insurance Plans from the Washington Post.

Making sure consumers have secure, affordable coverage is health plans’ top priority. The only reason consumers are getting notices about their current coverage changing is because the ACA requires all policies to cover a broad range of benefits that go beyond what many people choose to purchase today.

obamacare-exchange-insurance-policy[…] Changing the rules after health plans have already met the requirements of the law could destabilize the market and result in higher premiums for consumers. Premiums have already been set for next year based on an assumption of when consumers will be transitioning to the new marketplace. If now fewer younger and healthier people choose to purchase coverage in the exchange, premiums will increase and there will be fewer choices for consumers. Additional steps must be taken to stabilize the marketplace and mitigate the adverse impact on consumers.

Look, if you liked the way health insurance companies were able to run up in your anal cavity without Vaseline before Obamacsre, you’re a dumbass. Why? Because most of us privileged enough to have health insurance didn’t appreciate it one bit. But no, you’re foolish enough to miss the part where because of the Affordable care Act, you’ll now get more bang for your buck. So yeah, enjoy it while you can, assholes.

Health insurance plans are angry because this could screw up all their plans for the new health insurance markets. They have already set the prices they plan to charge in the 2014 insurance exchanges, and those relied on people transitioning out of their current plans (which would be phased out) and into these new, more robust plans.

Now, that might not happen. And insurers are in a bit of a tricky spot. It will look pretty bad if they don’t allow people to keep enrolling in their 2013 plans; as the president said, its a whole lot harder to blame the cancellations on Obamacare.

But if they do allow that to go forward, it could screw up the risk pool in the new insurance marketplaces by letting the younger and healthy people (who would likely stick with their skimpier plans) stay out of the exchange. They’d essentially be siphoning off the exact same customers they were hoping to woo into the exchanges. In the very worse case scenario — and probably not the most likely, since the health law has mechanisms to prevent this — the exchange could end up as something akin to a really big high-risk pool. (source)

Now after reading everything I’ve said above; and after watching the following video and listened to what former health insurance industry insider Wendell Potter has to say. If after doing all of this you’re still unable to comprehend why paying $300 per month for a brand new car that gives you 5 miles to the gallon that doesn’t have air conditioning or power steering isn’t a bargain, when you can pay the same amount (or maybe even less) for a brand new car– same model year and brand — with better gas mileage and all the features; then yes, you are, indeed, an idiot.