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Old 12-03-2012, 12:14 AM
 
33,046 posts, read 22,048,755 times
Reputation: 8970

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So sayeth the Lou Reed administration.

"Everybody had to pay and pay" - Lou Reed

http://www.kaiserhealthnews.org/Dail...exchanges.aspx

If the minimum payout ratio doesn't kill you, this will.

Last edited by freemkt; 12-03-2012 at 01:24 AM.. Reason: added link
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Old 12-03-2012, 12:28 AM
 
10,357 posts, read 7,976,736 times
Reputation: 4547
Quote:
Originally Posted by freemkt View Post
So sayeth the Lou Reed administration.

"Everybody had to pay and pay" - Lou Reed
Well they're going to get tons of new clients so they can make up their losses in volume.
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Old 12-03-2012, 06:06 AM
 
Location: My beloved Bluegrass
14,729 posts, read 10,622,245 times
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Quote:
Originally Posted by ellemint View Post
Well they're going to get tons of new clients so they can make up their losses in volume.
No, they'll make up their losses by charging us more. They aren't going to take losses.
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Old 12-03-2012, 06:59 AM
 
Location: Great State of Texas
86,093 posts, read 72,489,649 times
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Quote:
Originally Posted by ellemint View Post
Well they're going to get tons of new clients so they can make up their losses in volume.
No, they will charge higher premiums to cover the cost.
With the government subsidizing the premiums (up to 95%) guess who's paying ?
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Old 12-03-2012, 09:28 AM
 
105 posts, read 71,707 times
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Quote:
Originally Posted by Oldhag1 View Post
No, they'll make up their losses by charging us more. They aren't going to take losses.
BIngo-
It seems the statists still do not get any imposition the GOvernment puts on the market is just passed on to the consumer.

They are so thick headed.
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Old 12-03-2012, 09:32 AM
 
Location: Long Island, NY
19,717 posts, read 11,560,116 times
Reputation: 5613
The WaPo article spells it out:

Quote:
Now, the federal exchange will do the same. The Obama administration is essentially making a bet: Health plans will decide the benefits of participating on the exchange outweigh the cost of paying a 3.5 percent user fee. Insurers who participate will have access to millions of Americans who can only use their insurance subsidies on this government-administered marketplace.

One other thing worth pointing out here: This is one of the decisions that states do get to make if they build their own exchanges. They can decide whether to use user fees or grants or some other financing mechanism to make their exchange run. In the federal exchange, states don’t have that option: They go with the rules that the federal government sets. That’s essentially what they’re ceding when when states decide not to move forward on these marketplaces.
I really don't see anything outrageous here.

If you don't want to absorb the cost in taxes, you need to charge a fee.
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Old 12-03-2012, 09:35 AM
 
Location: Great State of Texas
86,093 posts, read 72,489,649 times
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Quote:
Originally Posted by MTAtech View Post
The WaPo article spells it out:

I really don't see anything outrageous here.

If you don't want to absorb the cost in taxes, you need to charge a fee.
So the Fed needs this fee to maintain the pool but the states don't ?
Seems to me the cost to run the pool within a state would cost the same no matter who runs it.

States would need to find another outlet to cover the cost.

Nothing is FREE.
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Old 12-03-2012, 10:00 AM
 
51,912 posts, read 41,783,059 times
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Quote:
Originally Posted by ellemint View Post
Well they're going to get tons of new clients so they can make up their losses in volume.
Yes, there will be some fixed expense savings for the LARGE health insurers. I don't know how extensive that will be.

Not to mention the "efficiency" rule was put in there to create a barrier to entry and force out the smaller health insurers. Of course it was sold as "protecting the consumer". lol.

It's going on in farming now too. Big agra outfits trying to push "consumer protection" legislation that requires more expensive equipment that the little guys can't spread the costs of around. Yay, less competition via bribing your representatives....
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Old 12-03-2012, 10:03 AM
 
14,298 posts, read 8,108,294 times
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Quote:
Originally Posted by Oldhag1 View Post
No, they'll make up their losses by charging us more. They aren't going to take losses.
Because if they take too many losses, they go out of business. So we will all just pay more.
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