Obama admin rule change lets insurance companies keep more profits, pay less for care

Republican Tennessee Rep. Diane Black says that the Obama administration’s most recent Obamacare rule change will result in insurance companies keeping more profits while paying less for customers’ health care needs.

“I am writing to express my concern with the proposed rule change released on Friday, March 14th that would allow insurance companies to keep an additional two percent of premiums for purposes other than medical care…your department is now proposing to increase the amount of money that insurance companies will be allowed to retain for profit,” Black wrote in a letter Tuesday to Health and Human Services (HHS) Secretary Kathleen Sebelius, which was obtained by The Daily Caller.

HHS’ Centers for Medicare and Medicaid Services quietly introduced the new rule Friday, which relieves insurance companies of some of the damage about to be levied on them by Obamacare-related administrative costs.

“In the proposed rules, you have indicated that this adjustment in the ‘medical loss ratio’, or 80/20 rule, is due to the possibility of increased administrative costs in 2015. However, adjusting the percentage that insurance providers are required to spend on medical care by two percent would have the combined impact of reducing the amount that insurance providers will be required to pay for people’s medical care while increasing the amount that insurance companies are allowed to retain for profit and for executive pay,” Black wrote.



Read more: http://dailycaller.com/2014/03/18/congresswoman-obama-admin-rule-ch...

Views: 343

Reply to This

Replies to This Discussion

I'm really surprised since it was the insurance companies who helped write the ACA... LOL

One of the attacks on medical providers was they made to much money and cut benifits. Now Obama is giving them more funds to keep, The best thing anyone running for office is to stand on repeal the law intirely. This women should be jailed for killing people by the death panels that don't exist.

I don't know why we are surprised at anything this man does anymore.  Everyday it is just something more to cripple this country and her citizens.  As long as we talk about it and do nothing about it, it will never change.  I really don't know what else to say about anything he does anymore except what I just said and have said many, many times before!! 

   We are already seeing that The magic works is "you cannot have this drug it is (what ever excuse)" then they pocket the savings.

Such a waste of time to read. It is obvious that day in and day out we will continue to read articles like this. 

We will continue to pay taxes for illegals and crack dealers and worthless welfare recipients. 

Unless, we have enough and stop paying and start really revolting. 

My congressman is not answering my calls and switching me to the message machine. 

They are refusing to have town hall meetings. There is nothing left to do but serious methods of refusal to comply. If not, then just keep reading and commenting. We have been doing this for years and it is only getting worse.

Same here.  I also found it helps to type the links to prove my points as well.  Or better yet (when I've been able to) to include copies of the evidence that proves my points against or 'for' the 'bills', 'Proposals' etc... that I am discussing.

It's been awhile but I was a company clerk in the TXARNG, then in the Multichannel section.  I did ok with both.  But when the opportunity came to switch my M.O.S. I jumped at it.  I love learning new things.

Everything has become a bad joke in this country.

What is happening to this country thanks to the Rinos and Dems is no 'Joke'.  It's a "tragedy".

And one (I think you agree) ... must be stopped.

And if anyone actually 'believes' that I just saw "Devil Rock" in a Florida 'Marsh'.

Insurance companies should be nonprofit lets pass that

And once again the Kenyan born illegal alien Gestapo COMMUNIST Dictator-in-Chief has Constitutionally illegally by passed his minion Congress to change the rules regarding his COMMUNIST illegal Obama Care plan with no complaint or retaliation from his COMMUNIST minion Senate, which by the way has knocked over "SIX MILLION PEOPLE" off of their insurance plans!                                                                                                                                                                    WHY HASN'T CONGRESS "REPEALED" OBAMACARE?                       I HAVE A QUESTION FOR DEE: WHY ARE MY POSTS ALWAYS PUT TO THE BOTTOM OF THE PAGE CAUSING MY POSTS TO ALWAYS PUSHED BACK TO "LAST" IN EVERY ARTICLE??????

How big are the kickbacks to our scabrous politicians?

RSS

LIGHTER SIDE

 

Political Cartoons by AF Branco

Political Cartoons by Gary VarvelPolitical Cartoons by Tom Stiglich

ALERT ALERT

Judicial Watch->  Emails Show Dossier-Connected Obama State Dept Officials Set ‘Face-To-Face’ Meeting On ‘Russian Matter’ Shortly Before 2016 Election

Judicial Watch and the Daily Caller News Foundation on Thursday released 84 pages of documents showing Obama’s State Department was central to pushing the ‘Trump-Russia’ hoax shortly before the 2016 election.

The email exchange between then-Assistant Secretary of State Victoria Nuland and Special Coordinator for Libya Jonathan Winer, a very close associate to Christopher Steele, show them discussing a ‘face-to-face’ meeting in New York on a ‘Russian matter’ in September of 2016.

Via Judicial Watch:

Judicial Watch and The Daily Caller News Foundation today released 84 pages of documents, including a September 2016 email exchange between then-Assistant Secretary of State Victoria Nuland and Special Coordinator for Libya Jonathan Winer, a close associate of dossier author Christopher Steele, discussing a “face-to-face” meeting on a “Russian matter.”

(In June 2016 Nuland permitted a meeting between Steele and the FBI’s legal attaché in Rome. Nuland told CBS News that the State Department knew about the Steele dossier by July 2016.)

According to an op-ed Winer wrote for The Washington Post in 2018, also in September 2016, “Steele and I met in Washington and discussed the information now known as the “dossier… I prepared a two-page summary and shared it with Nuland, who indicated that, like me, she felt that the secretary of state needed to be made aware of this material.”

A September 17, 2016, email exchange between Nuland and Winer – that was classified in the interest of national defense or foreign policy – discusses the political situation in Libya, but also brings up a “Russian matter:”

From: Winer, Jonathan
Sent: September 17, 2016 at 12:40:00 PM EDT
To: Nuland, Victoria J
Subject: Re: Libya Update

Would like to discuss this and a Russian matter.

From: Nuland, Victoria J
Sent: Saturday, September 17, 2016 1:31 PM
To: Winer, Jonathan
Subject: Re. Libya Update

In ny face to face?

From: Winer, Jonathan
Sent: September 17, 2016 at 1:56:05 PM EDT
To: Nuland, Victoria J
Subject: Re: Libya Update

Yes that was [sic] be good.

From: Nuland, Victoria J
Sent: Saturday, September 17, 2016 1:58 PM
To: Winer, Jonathan
Subject: Re. Libya Update

Good. I’ll reach out when im there Sunday. [Redacted]

If Victoria Nuland’s name sounds familiar it’s because she has been on Judicial Watch’s radar for a long time and in many of TGP’s previous reports.

In December 2018, Judicial Watch released documents revealing that Victoria Nuland was involved in the Obama State Department’s urgent gathering of classified Russia investigation information and disseminating it to members of Congress within hours of Donald Trump taking office.

In a related lawsuit, Judicial Watch is suing the State Department communications between Ambassador Nuland and employees of Fusion GPS, as well as top ranking Department of Justice, FBI, and State Department officials.

“The Obama State Department was central to the effort to target President Trump with the Russia smear,” said Judicial Watch President Tom Fitton. “These new emails further show that senior Obama State Department advanced the Russiagate hoax just before the 2016 presidential election.”

Tom Fitton   @TomFitton
 

BREAKING: Obama State Department was central to the effort to target President @RealDonaldTrump with the Russia smear. New emails show how senior Obama State Department advanced the Russiagate hoax just before the 2016 presidential election.

Embedded video

© 2019   Created by Steve - Ning Creator.   Powered by

Badges  |  Report an Issue  |  Terms of Service