Rounds, Freshmen Senators Hold Press Conference to Address Obamacare’s Five-Year Anniversary
WASHINGTON—U.S. Senator Mike Rounds (R-S.D.) joined fellow freshmen members of the Senate in a press conference today to address the future of health care on the five-year anniversary of Obamacare.
“We’re not going to stop until we fix a lot of the problems that we find within the health care industry,” said Rounds at the conference. “What we can do to start is pass a budget resolution that provides tools for us in which to impact the implementation of health care. And it provides us something else: twelve opportunities in twelve separate appropriation bills in which we can impact how money at the federal level is being spent.”
A budget resolution for fiscal year 2016 is currently being considered on the Senate floor. The budget resolution will provide the procedural tools – via budget reconciliation– to repeal Obamacare. It is expected to pass later this week, which then allows the Senate to begin the appropriations process. Rounds was joined today by Sens. Bill Cassidy (R-La.), Cory Gardner (R-Colo.), Tom Cotton (R-Ark.), James Lankford (R-Okla.) and Steve Daines (R-Mont.).
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Obamacare has ended medical bankruptcy, stopped runaway premium increases and leveled the Health Insurance marketplace playing field by introducing competition into the game. Rounds and the extremist right wing faction don’t hate it because it hurts USA, they hate it because it helps people in the name of liberalism. Soon the voters who’ve been lied to so many times about Obamacare by Republicans will just reject these SOW’s (selfish overprivileged whites) as self-consumed blowhards.
Absolutely nothing in the ACA controls costs, prevents runaway premium increases or introduces competition. That’s the main trouble with it, it is a blank check for insurers and providers.
The Medical Loss Ratio Rebate provision encourages the providers to charge more. The more the providers charge, the more the insurers pay out in benefits, and the more they get to keep.
The insurance companies are required to pay out something like 85% of the premiums they take in as benefits. If they charge $1000 in premiums, they pay out $850 and keep $150.
But if they charge $10,000 in premiums, they can pay out $8500 in benefits and keep $1500.
Since there is no cap on premiums, the insurers will encourage the providers to increase their charges. The insurers will, in their turn, increase the benefits, and increase their cut. And then they will increase the premiums.
The customers, being required to purchase insurance, will pay whatever the insurance company charges, with the assistance of subsidies from the government.
Here’s where the Supreme Court comes in: the ACA very deliberately restricts the subsidies to the state run exchanges. It was not a mistake, it was written that way to coerce the states into setting up their own exchanges. The only unintended consequence was that the coercion didn’t work.
If the SCOTUS rules that the ACA actually says what it says, an awful lot of people will suddenly find out what their insurance really costs. And it’s going to be ugly.
Before Obamacare insurance companies routinely refused to renew your Healthcare policy at the end of the year if you contracted cancer, MS, diabetes and other long term illnesses. What a deal for them, huh? Our President saw this injustice and did something about it, namely the Affordable Care Act. No more medical bankruptcy just mental bankruptcy from the conservative politicians who’ve continually fought against what’s best for the voters because it makes we liberals look good, again.
Funny as there is no such thing as medical bankruptcy before or after Obamacare. Do you routinely just spew items thought to be facts but aren’t I was suspicious of that comment right away and the darnedest thing happened… I called a lawyer friend and asked a simple question before responding here. Bankruptcy he told me is all or nothing, you can’t pick and choose and so there is no such thing as medical bankruptcy… he said Obamacare has nothing to do with it. He said it was a non-partisan thing.
Efforts to stop the practice of rescinding insurance were already being made before the ACA. One insurance company, in California I think, was hit with a $9 million or so fine for doing it. That problem was already being tackled.
so where is the republican bill to counter obama care , plus add those changes where you wont be kicked off your policy.Amazing slick Mike wont introducea that billwe get all the same health care the politicians have,
This guy is so full of B,S,no conscience but knew that when he was Gov,