So where do you stand on the allowing people to keep the old plans portion?
Rumors are that Obama may propose expanding premium subsidies as a backdoor way to claim he has kept his promise, by spending more money instead of letting people keep their current policies.
Already, a family of four making up to $94,200 a year ― 400 percent of poverty level ― can get an Obamacare subsidy. Expanding subsidies possibly would cost tens of billions of dollars each year, requiring higher taxes or higher fees.
Or breaking another Obama promise, “not to add a dime to the deficit.”
Plus it would increase dependency on government.
But subsidies don’t lower the costs of healthcare. They only change who pays.
If the House passes Upton’s bill to revive existing insurance policies, be ready for screaming from health insurance companies.
They invested a fortune in re-writing policies, getting them approved by state insurance regulators and by the federal HHS, training their people, and revising their computer systems ― and doing much better than the feds. The freedom to revert to old systems would be very expensive.
Many of those companies, their lobbyists, executives, trade associations, and so on supported passage of Obamacare because it guaranteed business for them. So they were willing to impose the law on the American people.
Insurance companies are not the greedy villains that President Obama depicts, yet it’s hard to be sympathetic for losses they may suffer for choosing to be part of Obama’s scheming.
http://communities.washingtontimes.com/neighborhood/ernest-istook-knowing-inside/2013/nov/13/obamacare-zombies-are-being-exposed-and-chased/#ixzz2kdnfovJO
