Uh-oh. Sounds like healthcare insurers are none-too-thrilled with President Obama’s latest executive “adjustments” to his trademark legislation. Here’s a story from the Daily Caller ~ Insurance companies protest Obama’s Obamacare fix.
Initially the Blues and other large companies happily supported the government takeover of healthcare. That always seemed counter-productive to me, but this explanation makes sense:
The major insurance companies have accepted the Obamacare system because it minimizes free-market competition, and provides them with steady and predictable profits in perpetuity. The only price they pay is that their executives are permanently subordinated to progressives and regulators.
Guess they were counting on the behemoth never evolving into a one-payor system per the progressive grand plan. (And didn’t care that they were making a deal with the devil 😈 )
In any event, they’re rather miffed over the new directive ~
“Changing the rules after health plans have already met the requirements of the law could destabilize the market and result in higher premiums for consumers,” said a skeptical statement from America’s Health Insurance Plans, the trade association for health-insurance companies.
“This decision continues different rules for different policies and threatens to undermine the new market, and may lead to higher premiums and market disruptions in 2014 and beyond,” said a statement from the National Association of Insurance Commissioners
“This puts the insurance companies, who have successfully complied with the law, in a hell of a mess,” said Robert Laszewksi, a health-insurance consultant who echoes the views of insurance executives.
Just because you’re king, you can’t always expect your subjects to quietly acquiesce to your every demand.
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His Highness is meeting with insurance company executives this afternoon – apparently they need to be reminded of just who’s in charge of this realm.