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ObamaCare Puts ´Entire Health
Insurance Industry At Risk´

Investor´s Business Daily, by Editorial

Original Article

Posted By:Desert Fox, 1/21/2014 7:28:00 PM

Calamity: Despite repeated reassurances that ObamaCare website glitches were fixed, officials are frantically trying to repair massive problems that, by their own admission, could crush ObamaCare and the insurance industry. Throughout December, administration officials said that they´d all but fixed the start-up problems with the ObamaCare exchange site, pointing to the sharp increase in enrollment that month as evidence. And as to those "back end" problems that sent erroneous information to insurers, they claimed to have cut the error rate to less than 1% by early December. But hidden from view, administration officials were in a state of panic. A procurement document posted

      


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Reply 1 - Posted by: lilo, 1/21/2014 7:30:55 PM     (No. 9700488)

What? No "unexpectedly" in the headline?

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Reply 2 - Posted by: xique, 1/21/2014 7:49:07 PM     (No. 9700498)

No time for Accenture. Get those Hindenberg folks in there pronto!

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Reply 3 - Posted by: Blue-Z-Anna, 1/21/2014 7:58:05 PM     (No. 9700504)

The "Health Insurance Industry" doesn´t matter.

The Doctors and Nurses and Hospitals are the ones who are freeking out and going elsewhere.

How´s the "Medical Student" enrollment looking ???

I´ll bet they REALLY don´t want to talk about that ???

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Reply 4 - Posted by: Urgent Fury, 1/21/2014 8:20:09 PM     (No. 9700519)

Pretty sure that was the idea.

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Reply 5 - Posted by: joew9, 1/21/2014 8:27:50 PM     (No. 9700524)

Expanding on #3.

It puts the entire Health CARE industry at risk.

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Reply 6 - Posted by: wtm, 1/21/2014 8:29:17 PM     (No. 9700527)

The IDEA is to collapse the system, and then SAVE it by Single Payer Government run health care!

Just ask any Progressive, THAT will save everything !!!

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Reply 7 - Posted by: FleetUSA, 1/21/2014 8:37:02 PM     (No. 9700533)

I think they asked for it by supporting the bill at the start.

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Reply 8 - Posted by: arcady, 1/21/2014 8:43:43 PM     (No. 9700535)

No it doesn´t! Obamacare´s myriad failures do put their guaranteed profits at risk though, and all their cost shifting shenanigans too.
For Pete´s sake, costs are inflated due to government mandates, intervention and lawsuit risk. That´s why things that should cost $1,000 to $2,000 now cost over $20,000.
We the people keep voting for those who will make it worse. We´re getting what we vote for.

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Reply 9 - Posted by: Ribicon, 1/21/2014 9:01:58 PM     (No. 9700550)

I cry no tears for the health insurance industry that gladly hopped into bed with Our King.

Instead, how about some concern for the millions of people who previously were insured, but now, thanks to Our King, have no insurance at all? These people face absurdly inflated bills for routine procedures and medications, and possibly financial ruin should some serious health issue arise.

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Reply 10 - Posted by: Bohallx, 1/21/2014 9:43:24 PM     (No. 9700585)

Still holding to my prediction that we´ll have about 229 million uninsured by some time in 2014 ~ probably before the election.

Doesn´t matter what kind of exceptions Obamugabe makes, there are these practices called OPEN SEASON that are very widespread around the country.

They´ll all come due this year ~ and the result will be quite universal ~ higher costs ~ less service!

If people simply keep tabs on their ´hospitalization´ component they´ll find that their insurer sought to balance the higher costs due to Obama´s mandates by setting up an ´in net´ arrangement with a cheaper hospital far away from where you live!

Think you can live through a 3 hour ambulance ride through heavy traffic with a busted liver?

Remember, all they´ll do at the local ER is tape you up and stabilize your condition ~ tubes, plugs, bandaids ~ and send you on to where your PCPis allowed to refer you!

Happened to Harry Reid hissef´ in 2010! His wife got kicked out of a local hospital with a broken neck and broken back after she was stabilized and intubated.

She and ol´Har had the wrong medical insurance ~ they had no long term deal with the local hospital system!

He´s a multimillionaire and could pay cash money ~

She nearly took that last ambulance ride

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Reply 11 - Posted by: JediJerry, 1/21/2014 10:46:21 PM     (No. 9700642)

Ya think!? That´s the end game. Think about it. In order to get to their ultimate goal of a single payer system, and that payer being the Federal Government, The entire health Insurance industry needs to be put out of business. They will eliminate the competition one rule and regulation at a time. The back end problems will just keep coming and getting bigger. Those who will suffer is everyone. Let the suffering continue until the sufferers have suffered enough to want a change to make the suffering stop. Until then, have a nice day.

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Reply 12 - Posted by: otronome, 1/21/2014 10:50:21 PM     (No. 9700646)

DumBHO..."Mission Accomplished!"

I have lived in numerous countries with "Free Health Care." The wealthy and prudent make other arrangments, the taxpayer gets hosed and the poor and lower middle class die. It is a simple formula.

If "free" worked, the USSR would still exist and Russians wouldn´t have a third world ife expectancy. What? 70 years wasn´t enough of an experiment in depravity?



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Reply 13 - Posted by: ColonialAmerican1623, 1/21/2014 11:29:50 PM     (No. 9700675)

"ObamaCare Puts ´Entire Health Insurance Industry At Risk"

So why isn´t there an outrage ?

When Zippy declared that 85% of your premium had to be used for the insured´s healthcare, and the insurance companies screwed over their agents and put agencies out of business, not a blip on the screen. When insurers became giddy thinking about millions of US signing up online without any agents, nobody cared, including Congress.
Now that everybody is screwed, including those that provide care, Congress is whining about their staffer´s cost.

OCare is detrimental to the entire country.
What is anybody going to do ? LSM sure isn´t going to help them voice their opinions, because after all, they either have coverage or the ability to pay cash for service.





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Reply 14 - Posted by: Rumblehog, 1/21/2014 11:39:09 PM     (No. 9700680)

Why none of those Gallup Polls asking voters if they are better off today than they were 6 years ago?

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Reply 15 - Posted by: Timber Queen, 1/22/2014 12:51:53 AM     (No. 9700695)

FTA: “It turns out that after three years, CGI still hadn´t built the "financial management platform" needed to track eligibility and enrollment, account for subsidy payments, and produce accurate "risk adjustment" forecasts. As a result, the document says, "the entire healthcare reform program is jeopardized."

So, the most important piece of the “reform”, the finances, was left undone. There can be no more glaring evidence that Obamacare was designed to destroy the health insurance industry and pave the way for the statists dream of government controlled “single payer” healthcare.

Yet the IRS has already hired the 16,000 agents required to audit the financial compliance. We just got a call from a neighbor, a dentist who sold his practice and retired last month, to let us know the IRS is auditing him for the last three years. He called his accountant’s office and was told that usually they have a client audited about once every three or four months. Since the start of January they have had five clients notified of audit. The accountant believes its because the Obamacare 16,000 have nothing to do so they have been assigned to general income tax compliance.

I’m sure the IRS will be aboveboard and randomly audit every strata of society and would never think of intentionally targeting certain political activists like Tea Party people. /s


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