Obama Campaign Does Debate Cleanup On Social Security Answer
Sunday, October 7, 2012
[ACA] mandates that they HAVE to take everyone and it also mandates that their overhead, including profits, be no more than 20%.
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health insurance ≠ medical treatment
Having insurance (which is all that Obama's legislation does, and not even for everyone, just for a few million more) doesn't mean getting necessary medical care or that you will be able to afford medical care.
All that Obama's healthcare legislation does is require money to go from here (my pockets/taxpayers' pockets) to there (into insurance companies' pockets).
There is no limitation on insurance companies' charging and increasing co-pays and deductibles and eliminating services. There is no requirement for insurance companies to have to provide services not paid for. Between increased premium costs, deductibles and co-pays, ACA Unlikely to Stem Medical Bankruptcies.
And 'medical loss ratio' is what you're talking about.
And the insurance industry has already figured out the way around it.
On Countdown with Keith Olbermann, whistleblower Wendell Potter talks with Lawrence O'Donnell about where the con game (medical loss ratio, the amount of money insurers must spend on health care) is in the legislation, and how it will enable insurance companies to continue to price gauge and keep obscene profits instead of delivering affordable and quality medical care to policy-holders.
Before the Supreme Court struck down the Medicaid provision in ACA, ACA put more people into Medicaid, which the states are required to co-pay along with the federal government. The states are already going bankrupt, and moving toward eliminating Medicaid services as a result. States' options are limited, especially those states with constitutional requirements to balance their budgets. So while people may have found themselves covered by Medicaid, if you're thinking that "should all else fail I've got Medicaid" as your safety net, guess again: Medicaid won't cover c/hit.
Read the Article at HuffingtonPost
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