As bad as Obamacare appears to be, it is even worse than it seems. Passage of the Affordable Care Act was not the completion of a plan, it was the first step, a Trojan horse. Read what Rick Unger had to say in Forbes on Dec 2, 2011. Mr. Unger is not a Tea Party activist lamenting the coming end of patient controlled health care and Obama’s false promise of Choice. Unger is a firm supporter of Obamacare. He is not lamenting the end of private health care insurance; he is confirming and applauding it.
This is the true ‘bomb’ contained in Obamacare and the one item that will have more impact on the future of how medical care is paid for in this country than anything we’ve seen in quite some time. Indeed, it is this aspect of the law that represents the true ‘death panel’ found in Obamacare—but not one that is going to lead to the death of American consumers. Rather, the medical loss ratio will, ultimately, lead to the death of large parts of the private, for-profit health insurance industry.
Why? Because there is absolutely no way for-profit health insurers are going to be able to learn how to get by and still make a profit while being forced to spend at least 80 percent of their receipts providing their customers with the coverage for which they paid.
In other words, the new law caps insurance company gross profit from insurance operations at 20%. What a company manages to net out of that is up to them. Unger acknowledges that it may not be enough to survive and he cries halleluiah to that! The end of private insurance.
Today, [Dec 2, 2011] the Department of Health & Human Services issues the rules of what insurer expenditures will—and will not—qualify as a medical expense for purposes of meeting the requirement.
Not a chance-and they know it. Indeed, we are already seeing the parent companies who own these insurance operations fleeing into other types of investments. They know what we should all know – we are now on an inescapable path to a single-payer system for most Americans and thank goodness for it.
Note that it is the Department of Health & Human Services that sets the rules. That means HHS can change the rules if their objective is not being met. An act of Congress is not required. SOTUS says Obamacare is a tax. Taxation without representation, anyone?
If you thought that the Obama Administration chickened out on pushing the nation in the direction of universal health care for everyone, today is the day you begin to understand that the reality is quite the contrary. ~ Unger
As you heard Barney Frank and Barack Obama say in the video, single payer (government only) coverage is the ultimate goal. As you will learn if you follow our upcoming coverage of the book Radical-In-Chief, the progressive’s strategy is incremental stealth. If single payer is the goal, debate over percentages is pointless. No private enterprise that needs a profit to survive can compete with a government that doesn’t.
The only way to stop government-only health care is to stop Barack Obama. Come November, don’t let you vote go to waste.