Archive for July 3rd, 2012
It just so happens that our oil interests mesh perfectly with Israel’s security interests.
Obama may have the last laugh on “Obamacare” because we may well be on the way to single-payer health care because of new rules which took effect on July 2. Writer Rick Ungar of Forbes explains in a way that should make any progressive’s heart warm to the President:
I have long argued that the impact of the Affordable Care Act is not nearly as big of a deal as opponents would have you believe. At the end of the day, the law is – in the main – little more than a successful effort to put an end to some of the more egregious health insurer abuses while creating an environment that should bring more Americans into programs that will give them at least some of the health care coverage they need.
There is, however, one notable exception – and it’s one that should have a long lasting and powerful impact on the future of health care in our country.
That would be the provision of the law, called the medical loss ratio, that requires health insurance companies to spend 80% of the consumers’ premium dollars they collect—85% for large group insurers—on actual medical care rather than overhead, marketing expenses and profit. Failure on the part of insurers to meet this requirement will result in the insurers having to send their customers a rebate check representing the amount in which they underspend on actual medical care.
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.
This is huge, and we may see the death of at least some for-profit health insurance plans because of it. That is, if the Democrats can manage to beat back Republican efforts to repeal “Obamacare.”
You can read the rest of the article here. The next time someone tells you that Obama has been too timid, point them in the direction of this article. He may have outsmarted his critics on the left and the right.