We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Taking the day off for Christmas errands. Time to begin thinking about Christmas. I'm buying a large can of Beluga caviar for Dad at Petrossian, and a fancy scarf for Mom at Bloomingdale's. I like to flirt with the sales-babes, and they seem to like to flirt with me. Call Me Maybe.
I'm not the only one who is confused. Are they flushing this mess? How are insurers supposed to revert to their old policies, canceled and erased due to Obamacare? Your tax dollars at work by our moral and intellectual superiors.
Maybe government is not Santa after all. Darn. I love freebies.
they're supposed not to, so that Obama can in a few weeks blame them for not supplying people with insurance policies rather than having himself having to take the blame for those people being uninsured...
If I were an insurance company in the US I'd by now no longer supply any policies, ACA compliant or not, as it's utterly impossible to predict what will happen with them and when.
Say you supply someone with an excemption with a policy, and next week Obama by presidential decree proclaims that excemption to be invalid...
Killing the Insurance companies will kill the stock market. Insurance companies make their money on wall street not out of premium's. (same as pension funds) That much money going missing and the unemployment and the cost to federal safetynet programs will increase the federal debt I hope everybody is stocked up on water, soup, beans and TT. How's that for a Merry, Cheery Christmas?
Maybe, maybe not. I think the bigger hit is going to come from the higher premiums. Bill that cleans the toilet down at the hospital isn't going to suddenly find himself buying a new truck because he just got a raise from the hospital getting a better repayment from the higher premium insurance company.
Break it down, where does a monthly premium go in the greater economy? The increase probably isn't going to show up in a higher standard of living.
Jerry, you are right about the personal impact that higher premiums will have. Some of that will be blunted by subsidies for lower incomes. Higher incomes will have to shift spending to cover the higher premiums. That will hammer retail spending. A shift of that much money has to damage the economy. More unemployment, more Govt spending/debt.
Why are the boys with the econometric computer programs are silent about this? Are they all in the tank for Obama? If you and I, Jerry, can sense this; where are the economists?