Is the NYT beginning to get it?

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Thursday, October 24. 2013

Is the NYT beginning to get it?

I assume everybody is sick of reading about Obamacare, but this piece is good: NYT: Obamacare Disproportionately Hurts Poor, Rural Americans

One quote:

Obamacare wasn’t intended to increase competition. Never. It was intended to force millions of Americans and all insurance companies to behave according to Barack Obama and the far left’s notion of “fairness.” Obamacare was built to limit the number of plans available and force insurance companies to act against their own economic interests, in the name of “fairness.” It was built to force millions of healthy young Americans at the dawn of their careers to subsidize older, less healthy Americans.

As somebody commented, Obamacare was designed to convert insurance companies into government-serving utilities, selling government-designed one-size-fits-all products at government-determined prices. Now watch the insurance companies get blamed for doing what the government forced them into.

Posted by The News Junkie in Hot News & Misc. Short Subjects at 17:46 | Comments (8) | Trackbacks (0)

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[b]"Now watch the insurance companies get blamed for doing what the government forced them into."[b]

The same way banks were blamed when they were forced to make sub-prime loans to those with lousy credit and the inability to repay so they wouldn't be accused of racism.

#1 dcjuggler on 2013-10-24 18:12 (Reply)

"The same way banks were blamed when they were forced to make sub-prime loans to those with lousy credit and the inability to repay so they wouldn't be accused of racism."

That's exactly what I was thinking. It is never the fault of liberals, it is always someone else's fault, even better if they can blame it on "greedy' businesses; especially "big" business.

#1.1 Charles on 2013-10-24 21:18 (Reply)

Of course someone other than the liberals will take the blame. Admitting that they were consummately wrong, on any topic, is a fate worse than death to them.

#2 John on 2013-10-24 18:20 (Reply)

I didn't have the impression that the insurance companies didn't want to serve in that capacity, quite the opposite. I don't recall if it was Bevan or Attlee who, when asked how he got the doctors to go along with the British NHS legislation, said he stuffed their mouths with money. I suspect the insurance companies suffered a similar weakness for the green.

#3 chuck on 2013-10-24 19:17 (Reply)

Well, it happens in whatever field the government takes over. First their is easy money then once the government has control and loses interest, the money dries up.

Milton Friedman pointed this out long ago.

Once government has taken over, there are no votes to be gotten by taking it over some more.

#3.1 JKB on 2013-10-25 07:55 (Reply)

I still think people don't get that medicare is a large basket of money the government simply has its hands in, likewise social security. They use it for other things then wonder why it is not now available. Health care in this country was a large cash cow, now the cash is available to the government with private insurance on the side feeding at the leftovers. A new basket of money for them to use as political blackmail and waste on frivolous projects.

#4 checkers on 2013-10-24 21:23 (Reply)

I think this was well planned. The media and many politicians who are opposed to Obamacare did little or nothing until it became clear that now Obamacare cannot and will not be stopped. It will morph into something else, that was always the plan. There will be plenty of pork all around for congressmen to bring home to their districts and their friends. This is a win/win for politicians, illegal aliens and socialist the only losers are Americans in general. That was the plan all along. Did you really think otherwise?

#5 GoneWithTheWind on 2013-10-25 11:42 (Reply)

Who's subsidizing whom? We are in the same boat as 16 million other Americans who are losing their individual healthcare policies because they are deemed "non-standard" under the ACA. Our deductible ($10K) is considered too high. Our new deductible will be $6,250. Unfortunately, our new annual premiums will be $4,800 higher.

Actuarily, that obviously makes no sense. You don't charge $4,800 a year to compensate for a $3,750 decrease in a deductible. Part of the increase in our premiums must be to subsidize other policyholders. We're in our 50s. The policy covers just the two of us.

#6 Texan99 on 2013-10-25 12:27 (Reply)

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Thursday, October 24. 2013

Is the NYT beginning to get it?