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Health insurers were ready for the Affordable Care Act and left the Tea Party in the dust.
It's a lesson the Tea Party Republicans setting their party's strategy have had a hard time learning. They should try.
Sheryl Skolnick, an analyst with CRT Capital Group, said health insurance executives fitfully came to a similar conclusion about the law: "This is not the way we would do it, but it's the law of the land, and therefore we must accept it and work with what it is." Better to do that and try to profit than waste energy and resources on a fight that's already lost.
Looks to me like the health industry is pretty equally divided when it comes to campaign contributions.
51-55% for one side or the other shows that no one party receives the bulk of campaign money.
The health insurers don't like losing their ability to cap their payments, or refuse potential insurers due to their medical history, or to deny re-insuring a former customer.
But on the other hand, they love how they will add millions of new customers, especially all the young folks who have never had any medical insurance before. And they love that they all have a level playing field now, where the smaller companies can finally compete strongly with the larger companies. That's capitalism at it's finest.
So it's a mixed bag right now, but it won't be for long. Unlike the House teabaggers, they are all businessmen, and they know that every big change brings big possibilities for growth. They all like the fact that much of the risk they have all undertaken in the past individually is now shared equally among the entire industry. That single reason was why they all jumped on the bandwagon.
As always, the House GOP is a day late and a dollar short. Trying to out-stupid the other guy is no way to run the government.
Last edited by banjomike; 10-03-2013 at 08:21 AM..
The health insurers don't like getting their ability to cap their payments, or refuse potential insurers due to their medical history, or to deny re-insuring a former customer.
But on the other hand, they love how they will add millions of new customers, especially all the young folks who have never had any medical insurance before. And they love that they all have a level playing field now, where the smaller companies can finally compete strongly with the larger companies. That's capitalism at it's finest.
So it's a mixed bag right now, but it won't be for long. Unlike the House teabaggers, they are all businessmen, and they know that every big change brings big possibilities for growth. They all like the fact that much of the risk they have all undertaken in the past individually is now shared equally among the entire industry. That single reason was why they all jumped on the bandwagon.
Look at the performance of the mutuals in the Health Sector, and you'll see them up 50% in the past year. They are loving it, and so am I.
Of course the health care industry is upset. Nobody should be upset over that. They are afraid of losing millions of profitable people forced upon their roles.
It's a bad thing that big medicine is upset over your positions?
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