Health Reform.Gov is spinning again. Obama and his minions claim you will be able to KEEP your current policy.
The Wall Street Journal says:
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.
Health Reform.Gov contradicts that. And we have our first “casualty.” This from an insurance company in Richmond, Virginia. NHealth will be exiting the insurance market. In a letter sent to agents they tell them:
The newly enacted healthcare legislation now demands significantly higher capital as well as much higher loss ratios than had been previously required, creating thresholds that run counter to the efficiencies built into our business model. The most prudent and sensible conclusion for us is to discontinue the sale of healthcare policies and withdraw from the healthcare business. [sic] nHealth will terminate all groups by December 31, 2010.
Streamline Timberworks (lower right) saved more than $50,000—28 percent—by changing their company’s health insurance to nHealth. Because of ObamaCare, this company will lose its current health insurance plan, and its employees will have to switch insurance carriers and may lose access to their current doctors.
And American National will cease to sell individual policies as/of June 30, 2010 because of Obamacare.
Way to go, Obama. Your master plan to throw people into the government pool is right on schedule.
Steve Maley
KnightsofMalta
Dan Spencer
Moe Lane
Dan McLaughlin
Tragic, here is a company that is helping people
izoneguy (Diary) Monday, June 7th at 10:31PM EST (link)And are run out of business by Obama….
The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.
Embed not working, go to the site and look at the video
izoneguy (Diary) Monday, June 7th at 10:33PM EST (link)http://www.nhealth.com/
The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.
Insurance companies = loss of jobs... but it gets worse.
acat (Diary) Monday, June 7th at 10:54PM EST (link)This is critical.
First, these two insurance companies likely have employees – they’ll be let go, and in a rough economy. It gets worse from there.
Streamline Timberworks, to follow one of our diarists’ examples, faces a choice – pay 30% more (because, duh, Blue Cross raised their rates again last year…) or pay the new Federal fines and stop offering insurance as a benefit.
Guess which is cheaper for the company?
Mew
——
“All that is gold does not glitter, not all those who wander are lost”. –Tolkein
But wait there is more....
izoneguy (Diary) Tuesday, June 8th at 10:30AM EST (link)It looks like the only ass that Obama is kicking is that of the health insurance companies…..
http://www.politico.com/news/stories/0610/38219.html
http://hotair.com/archives/2010/06/08/obamacare-could-wipe-out-health-insurance-for-1-million-low-income-workers/
The mandates kick in in September, which is probably when the insurers will terminate the coverage. That means up to a million people will get the first-hand impact of ObamaCare just nine weeks before going to the polls in the midterm elections. That certainly qualifies as an unintended consequence.
The point cannot be made often enough: Modern liberalism, as embodied in the Obama presidency, is the defender of the status quo. And the status quo is a road to economic ruin. Political forces cannot redistribute the wealth that the economic system does not produce.