SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: Kenneth E. Phillipps who wrote (92040)10/1/2010 11:25:52 AM
From: Jorj X Mckie7 Recommendations  Read Replies (1) | Respond to of 224717
 
i want a waiver like the unions get!
I want to be exempt from obamacare like congress people are! I want the same exemptions as McDonalds!



To: Kenneth E. Phillipps who wrote (92040)10/1/2010 11:32:33 AM
From: chartseer  Respond to of 224717
 
Yes I agree with that request! Obama cut your taxes! Cut them today!

comrade chartseer



To: Kenneth E. Phillipps who wrote (92040)10/1/2010 11:59:50 AM
From: longnshort7 Recommendations  Respond to of 224717
 
ObamaCare Prods Yet Another Insurer to Flee the Market
from Cato-at-liberty by Michael F. Cannon

By Michael F. Cannon

First, a dozen insurers said they would stop writing child-only health insurance policies. Now, according to the Wall Street Journal:

By forcing the exit of Principal Financial Group — which ran a profitable, $1.6 billion health insurance business — ObamaCare has now left 840,000 Americans to find another source of coverage.

According to The New York Times, other insurers may soon follow:

More insurers are likely to follow Principal's lead, especially as they try to meet the new rules that require plans to spend at least 80 cents of every dollar they collect in premiums on the welfare of their customers…

"It's just going to drive the little guys out," said Robert Laszewski, a health policy consultant in Alexandria, Va. Smaller players like Principal in states like Iowa, Missouri and elsewhere will not be able to compete because they do not have the resources and economies of scale of players like UnitedHealth, which is among the nation's largest health insurers.

Mr. Laszewski is worried that the ensuing concentration is likely to lead to higher prices because large players will no longer face the competition from the smaller plans. "It's just the UnitedHealthcare full employment act," he said.

Let's remember what President Obama told a joint session of Congress just one year ago:

So let me set the record straight here. My guiding principle is, and always has been, that consumers do better when there is choice and competition. That's how the market works… And without competition, the price of insurance goes up and quality goes down. And it makes it easier for insurance companies to treat their customers badly — by cherry-picking the healthiest individuals and trying to drop the sickest, by overcharging small businesses who have no leverage, and by jacking up rates.

Everybody got that?