Insurance Companies To Strenuously Fight Republican Efforts To Overturn Obamacare
Click here for reuse options!The insurers…have provided crucial support to Mr. Obama in court battles over the health care law, including a case now before the Supreme Court challenging the federal subsidies paid to insurance companies on behalf of low- and moderate-income consumers. Last fall, a unit of one of the nation’s largest insurers, UnitedHealth Group, helped the administration repair the HealthCare.gov website after it crashed in the opening days of enrollment.
“Insurers and the government have developed a symbiotic relationship, nurtured by tens of billions of dollars that flow from the federal Treasury to insurers each year,” said Michael F. Cannon, director of health policy studies at the libertarian Cato Institute.
So much so, in fact, that insurers may soon be on a collision course with the Republican majority in the new Congress. Insurers, often aligned with Republicans in the past, have built their business plans around the law and will strenuously resist Republican efforts to dismantle it. Since Mr. Obama signed the law, share prices for four of the major insurance companies — Aetna, Cigna, Humana and UnitedHealth — have more than doubled, while the Standard & Poor’s 500-stock index has increased about 70 percent.
“These companies all look at government programs as growth markets,” said Michael J. Tuffin, a former executive vice president of America’s Health Insurance Plans, the main lobby for the industry. “There will be nearly $2 trillion of subsidized coverage through insurance exchanges and Medicaid over the next 10 years. These are pragmatic companies. They will follow the customer.”
The relationship is expected only to deepen as the two sides grow more intertwined.
Copyright 2014 Liberaland
34 responses to Insurance Companies To Strenuously Fight Republican Efforts To Overturn Obamacare
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Stan Ubeki November 18th, 2014 at 09:23
Whoever posts this stuff needs to take a breath, and read their writing backwards before they click “post”. Lots of stupid typos lately, looks bad.
Stan Ubeki November 18th, 2014 at 10:23
Whoever posts this stuff needs to take a breath, and read their writing backwards before they click “post”. Lots of stupid typos lately, looks bad.
edmeyer_able November 18th, 2014 at 09:43
And don’t forget those insurance companies are people, my friends.
edmeyer_able November 18th, 2014 at 10:43
And don’t forget those insurance companies are people, my friends.
KABoink_after_wingnut_hacker November 18th, 2014 at 09:46
This is where republicans and their stupid ideas will hit the wall on the ACA.
It will be funny to watch them waste more money and time resulting in yet more failure.
edmeyer_able November 18th, 2014 at 09:58
Not to sure I’ll find their wasting more tax dollars funny but I catch your drift.
M D Reese November 18th, 2014 at 11:35
Not much else will be happening for the next two years and two months–except fore fundraising and campaigning of course…
StoneyCurtisll November 18th, 2014 at 13:56
And they complain about Obama playing a round of golf….
While they, (congress) are on vacation months at a time.
M D Reese November 18th, 2014 at 14:06
They are fact-free and minty-fresh. About all they’re good at is projection…
Stan Ubeki November 18th, 2014 at 10:30
The cat has finally caught the red dot.
M D Reese November 18th, 2014 at 14:08
In this case, it’s a lot like the car-chasing dog who finally bit the spinning tire…
KABoink_after_wingnut_hacker November 18th, 2014 at 10:46
This is where republicans and their stupid ideas will hit the wall on the ACA.
It will be funny to watch them waste more money and time resulting in yet more failure.
edmeyer_able November 18th, 2014 at 10:58
Not to sure I’ll find their wasting more tax dollars funny but I catch your drift.
M D Reese November 18th, 2014 at 12:35
Not much else will be happening for the next two years and two months–except fore fundraising and campaigning of course…
StoneyCurtisll November 18th, 2014 at 14:56
And they complain about Obama playing a round of golf….
While they, (congress) are on vacation months at a time.
M D Reese November 18th, 2014 at 15:06
They are fact-free and minty-fresh. About all they’re good at is projection…
Stan Ubeki November 18th, 2014 at 11:30
The cat has finally caught the red dot.
M D Reese November 18th, 2014 at 15:08
In this case, it’s a lot like the car-chasing dog who finally bit the spinning tire…
M D Reese November 18th, 2014 at 11:34
Well of COURSE the insurance companies are for it. The GOP inspired version that we have is the biggest give-away to the insurance companies yet. What we need to do is get the insurance industries (and the catholic church, for that matter) OUT of our health care system entirely and go to a single payer plan.The insurance companies only exist to make money and contribute nothing. The catholic church just wants to be sure that no woman anywhere can easily get an abortion if she needs one.
Bunya November 18th, 2014 at 13:49
I read somewhere that, for the amount of money we spent screwing up Iraq, we could have had universal healthcare for 10(?) years.
M D Reese November 18th, 2014 at 14:07
I believe it. We could probably have some nice public schools, too.
M D Reese November 18th, 2014 at 12:34
Well of COURSE the insurance companies are for it. The GOP inspired version that we have is the biggest give-away to the insurance companies yet. What we need to do is get the insurance industries (and the catholic church, for that matter) OUT of our health care system entirely and go to a single payer plan.The insurance companies only exist to make money and contribute nothing. The catholic church just wants to be sure that no woman anywhere can easily get an abortion if she needs one.
Bunya November 18th, 2014 at 14:49
I read somewhere that, for the amount of money we spent screwing up Iraq, we could have had universal healthcare for 10(?) years.
M D Reese November 18th, 2014 at 15:07
I believe it. We could probably have some nice public schools, too.
fahvel November 18th, 2014 at 11:40
somehow, when insurance companies support something, my alarm bells ring like a church bell at noon or mid night.
StoneyCurtisll November 18th, 2014 at 13:54
Mine too…
Mainah November 18th, 2014 at 14:57
Well, they’re looking at it as automatic customers. If you have to enroll, and those that requires subsidies still get insurance, that means a captive customer. Doesn’t matter to them who pays, a person or the government, it’s still a customer. Why wouldn’t they want it to work. People have to be covered, instead of the few that can afford the coverage. Volume over price.
fahvel November 18th, 2014 at 12:40
somehow, when insurance companies support something, my alarm bells ring like a church bell at noon or mid night.
StoneyCurtisll November 18th, 2014 at 14:54
Mine too…
Mainah November 18th, 2014 at 15:57
Well, they’re looking at it as automatic customers. If you have to enroll, and those that requires subsidies still get insurance, that means a captive customer. Doesn’t matter to them who pays, a person or the government, it’s still a customer. Why wouldn’t they want it to work. People have to be covered, instead of the few that can afford the coverage. Volume over price.
rg9rts November 18th, 2014 at 12:01
OMG what will the gopee do p or go blind?
rg9rts November 18th, 2014 at 13:01
OMG what will the gopee do p or go blind?
Mainah November 18th, 2014 at 14:53
BWAAAHAAHAAHAAAHAAAHAAAAA!!!!!! Oh, that just made my whole day. Ok, that and a very funny story in the New Yorker that I wished I had bookmarked.
Mainah November 18th, 2014 at 15:53
BWAAAHAAHAAHAAAHAAAHAAAAA!!!!!! Oh, that just made my whole day. Ok, that and a very funny story in the New Yorker that I wished I had bookmarked.