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