Well? How long until we hear some forlorn mother screaming before the cameras that “obama lied and my son died!” Or does that only work for left wing loony’s?
The impostor in chiefs never ending statements that his signature piece obamacare legislation would not result in Americans losing their health care coverage, was, like so much that comes out of his pie hole, a lie.
President Obama guaranteed Americans that after health reform became law they could keep their insurance plans and their doctors. It’s clear that this promise cannot be kept. Insurers and physicians are already reshaping their businesses as a result of Mr. Obama’s plan.
The health-reform law caps how much insurers can spend on expenses and take for profits. Starting next year, health plans will have a regulated “floor” on their medical-loss ratios, which is the amount of revenue they spend on medical claims. Insurers can only spend 20% of their premiums on running their plans if they offer policies directly to consumers or to small employers. The spending cap is 15% for policies sold to large employers.
This regulation is going to have its biggest impact on insurance sold directly to consumers—what’s referred to as the “individual market.” These policies cost more to market. They also have higher medical costs, owing partly to selection by less healthy consumers.
Finally, individual policies have high start-up costs. If insurers cannot spend more of their revenue getting plans on track, fewer new policies will be offered.
Full story HERE.
How’s that change working out for you?
“The bottom line: Defensive business arrangements designed to blunt ObamaCare’s economic impacts will mean less patient choice.” Same source.
Tags: Economics, epic fail obama, News, obamacare, Politics
Conservative Libertarian Outpost 
May 23, 2010 at 07:57
The list of fabrications, distortions, prevarications, ignorant statements and downright lies is endless.
A government with no credibility is no government at all – or a dictatorship ship.
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May 23, 2010 at 08:28
Don’t you be holding back now Maine!
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May 23, 2010 at 13:42
Obama’s plan was never designed to succeed. It was always designed to fail. This current healthcare reform plan is nothing more than the mechanism to permanently destroy the private health care industry.
I can see the headlines now….
“Obama Claims Plan Failing Because of Insurance Mismanagement”
“Obama Order Probe into New Insurance Practices”
“Obama Says Insurance Companies Are Price Gouging”
“Obama Appoints Blue Ribbon Panel to Investigate Health Care Woes”
“Panel Points to Massive Profit Taking’
“Obama Says Insurance Companies ‘Cooking Their Books.’
“Pelosi to Introduce New Health Care Bill”
“Obama Says Private Sector Has Failed”
“Congress Demands Additional Health Care Oversight”
“Single Payer Amendment to Health Care Bill Passes”
…or something like that.
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May 23, 2010 at 15:44
Chuck, I happen to agree with you wholeheartedly.
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May 23, 2010 at 16:45
The Obama National Security Agenda:
1. Blame Bush
2. Hold a *beer summit* in the rose garden
3. Allow foreign leaders free speech on the floor of the U.S. Congress
4. Quote from the Koran, in a PERFECT Arabic accent.
5. Mention that surrender to Islam is a real possibility
6. Blame Bush
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May 24, 2010 at 06:05
Fred’s numbers 1,3, and 6 are already in play. Numbers 4 and 5 will be implemented soon. Number 2 is a mistake that even Obama will probably not repeat.
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May 24, 2010 at 12:40
No, next time it will be Arab coffee!
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May 24, 2010 at 13:10
Thank you for posting and the link — good analysis…
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May 25, 2010 at 11:30
About the lying about this and that, wonder what will be the final word if any from Press Secretary Gibbs about whether Rep. Sestak was offered another job for dropping out of the race in Pennsylvania as Sestak still says…
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May 25, 2010 at 18:40
I, myself, have to wonder just how often this sort of thing actually goes on? Corruption, is never a good thing. Anywhere, I might add.
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