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Letter: 2014 will be a good year for insurance companies

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Posted: Tuesday, December 17, 2013 12:00 am

2014 will be a very good year for some but depressing for others. All one need do is see the champagne flowing, expensive parties and exuberance of various CEOs and White House officials that extreme profit brings.

So who is laughing all the way to the bank? Thanks to Obama”not”care, it is insurance companies, President Obama and his cronies since provisions of the law will help them become fat and happy. Oh? What provisions?

Obama”not”care allows insurance companies to financially molest people who just happen to be under 40 years old and/or take care of their health. The law previously encouraged insurance companies to dramatically discount premiums for the healthy. In 2014, people who work hard through exercise and diet to maintain their good health will be forced pay the same premium as a man who eats buttered popcorn each meal, takes illegal drugs, weighs 400 pounds and has heart conditions as a result. The responsible healthy and young must now subsidize the unhealthy and irresponsible.

A healthy family that was paying $350 a month for major medical will be forced to pay over $1,000 in 2014.

Lastly, most claims originate from the poor and elderly. Obama”not”care let the insurance companies exclude them, as government plans such as Medicaid and Medicare will take the responsibility and expense.

One can only imagine the billions Obama and his cronies will personally rake in after 2016 when his very good friends (insurance companies) will invite him as a special keynote speaker at the many lavish events and conventions that will be held. Nothing is more profitable than a payback for special profitable favors. Right, Mr. President?

Meanwhile, the people who will now have to mortgage their homes and lives to pay for Obama”not”care will wonder how they will pay for their next meal while Obama is enjoying his new-found wealth.

Happy new year, Mr. President!

Darrell Baumbach

Acampo

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12 comments:

  • John Lucas posted at 9:52 am on Thu, Dec 19, 2013.

    John Lucas Posts: 2726

    [thumbup]

     
  • Eric Barrow posted at 3:06 pm on Wed, Dec 18, 2013.

    Eric Barrow Posts: 1341

    All the more reason for a single payer system

     
  • John Lucas posted at 11:27 am on Wed, Dec 18, 2013.

    John Lucas Posts: 2726

    [thumbup]

     
  • John Lucas posted at 11:27 am on Wed, Dec 18, 2013.

    John Lucas Posts: 2726

    [smile]

     
  • Joe Baxter posted at 8:49 am on Wed, Dec 18, 2013.

    Joe Baxter Posts: 1795

    Insert the Federal Government, What could possibly go wrong? I mean they managed Social Security so well by robbing it for years. Talk about graft.

     
  • Jeff Tillett posted at 8:21 am on Wed, Dec 18, 2013.

    Jeff Tillett Posts: 529

    Many didn't want this Republican compromise over universal health care.

     
  • Jeff Tillett posted at 8:08 am on Wed, Dec 18, 2013.

    Jeff Tillett Posts: 529

    One less middle-man to take a cut of the graft?

     
  • Andrew Liebich posted at 5:30 pm on Tue, Dec 17, 2013.

    Andrew Liebich Posts: 2688

    Howard Dean, former Democratic National Committee Chairman, said Obamacare "is a bigger bailout for the insurance industry than AIG.” Dean characterized it as “an insurance company’s dream.”

    Major insurance companies are getting "fat and happy" just as Darrell suggested Opologists.
    [sleeping]

    http://www.infowars.com/insurance-giants-that-wrote-and-lobbied-for-health-law-cash-in/

     
  • Walter Chang posted at 4:38 pm on Tue, Dec 17, 2013.

    Walt Posts: 987

    "2014 will be a very good year for some but depressing for others"

    Darrell knows depressing.

    Insurance adjudication is the process of paying claims submitted or denying them after comparing claims to the benefit or coverage requirements.

    Today, most claims are submitted on paper or electronic file and are processed manually by local insurance agents.

    Obamacare brings standardization and automation to claims adjudication process (auto-adjudication), making it much more efficient and great reducing cost.

    Unfortunately, auto-adjudication bypasses the local insurance agents. Service providers work directly with the insurer.

    And therein lies the rub...

    [sad]

     
  • Eric Barrow posted at 1:10 pm on Tue, Dec 17, 2013.

    Eric Barrow Posts: 1341

    I just read an article that stated that under Obamacare and the largely uniform insurance plans there would no longer be a need for insurance underwriters. Could there be a little bias by Darrell on this subject?

     
  • Joanne Bobin posted at 5:40 am on Tue, Dec 17, 2013.

    Joanne Bobin Posts: 4305

    Mr. Baumbach is well known for his outlandish accusations about President Obama, but NOW he claims that the Affordable Care Act was designed SPECIFICALLY so the president will be able to make "BILLIONS" giving "keynote speeches" at "lavish (insurance company) events and conventions?"

    A real reality break here - hope you have insurance, Mr. Baumbach.

    And I think that Medicaid and Medicare already existed to cover "the poor and elderly." The only difference is the expansion of Medicaid so that individuals who previously did not qualify - not due to income, but due to the fact that they did not have dependent children, now will qualify for Medicaid.

    And that typical "healthy family" that Mr. Baumbach is talking about - the one that previously ONLY had "MAJOR MEDICAL?"

    Guess what they were paying out-of-pocket (i.e., over and above the monthly premium of "$350)? They were paying $150 and above for office visits, retail prices for prescriptions anywhere from $10 to $100, $700 for Urgent Care visits, and all of the other things "major medical" didn't cover.

    Have you ever encountered a so-called "healthy family" whose kids DIDN'T get sick at least 4 times a year with the flu, ear infections, or didn't need vaccinations and other required immunizations? (Of course, Mom could always take a day off from work and take the kids to the County Clinic for free for all those shots that are REQUIRED if you want to enroll the kids in public schools).

    Kids never broke any bones? But if the kids ever got cancer - don't worry - they are covered! Or they could send them to St. Jude or the Shriners Hospitals for FREE!!

    Time for a reality check, Mr. Baumbach. Major Medical DOESN'T cover everyday life.

     
  • John Lucas posted at 5:22 am on Tue, Dec 17, 2013.

    John Lucas Posts: 2726

    I would to be the first to congratulate Mr Baumbach for another one of his entertaining flights of fantasy. It is alway fun to see alternate universes.

    Twice our friend Darrell has insinuated that the President is going to personally profit financially from Obamacare. Does Darrell think the President is Darrell's hero Dick Cheney? Mr. Cheney's personal wealth increased over 100 million dollars while in office in no small way from the wars Mr Cheney and President Bush lied us into. Darrell forgets that the President is not a Republican.

    The idea that the average healthy family on the individual market paid $350 dollars a month for health insurance is laughable on the face as it will cost 3 times as much under Obamacare. The increase in health insurance premiums is at a 50 year low. It is not certain whether it is because of Obamacare or the result of 8 years of Republican rule ending in the near financial collapse of the world economy in 2008.

    I agree with Darrell that we could have done better than what is essentially a Republican plan like Obamacare. We could have put everyone on Medicare and saved trillions of dollars in healthcare costs but this what we had to compromise for the only way the Republicans would go for it is if we included the evil that is health insurance companies.

    That being said Obamacare is a vast improvement over the system that was in place before. Over time it will dramatically lower health care costs in this country. It puts a lid on how much the health insurance companies can steal in administration costs. More importantly it will get people to the doctor for preventive care and people will go see a doctor at the first sign of sickness. The experience of all countries that go this route is that their are huge cost savings.

    Thanks again Darrell for your fantasy and fiction LTE's. They may not have anything to do with reality but we all are in the need for good entertainment.

     

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