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...

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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?

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ALERT ALERT

Joe Biden Vows: Give Taxpayer-Funded Obamacare To All Illegal Aliens In U.S.

Former Vice President and 2020 Democrat presidential primary candidate Joe Biden is vowing to give Obamacare, funded by American taxpayers, to all 11 to 22 million illegal aliens living in the United States.

During an interview with Telemundo’s Jose Diaz-Balart, Biden forgot that Obamacare technically bans illegal aliens from enrolling in healthcare plans — although illegal aliens are still able to obtain subsidized and free healthcare at Americans’ expense — and promised that under his plan, all 11 to 22 million illegal aliens would be able to get Obamacare.

The exchange went as follows:

DIAZ-BALART: When I … NBC moderated that first debate with you, I didn’t … I don’t recall a clear answer, under your plan should … would the 11, 12 million undocumented immigrants that live in the United States, that have been here many for generations, would they have access …

BIDEN: Yes.

DIAZ-BALART: — to health insurance.

BIDEN: Yes, they … if they can buy into the system like everybody else.

DIAZ-BALART: Because you know, in [Obamacare] they can’t.

BIDEN: Yeah. Yeah, I know. Well they can, that’s my point. They continue to be able to do that.

DIAN-BALART: They cannot under the ObamaCare.

BIDEN: Well and that’s my point, they will though. They will be able to buy into … [illegal aliens] would be able to buy in, just like anyone else could.

Biden joins Sen. Bernie Sanders (I-VT), Sen. Elizabeth Warren (D-MA), and South Bend, Indiana, Mayor Pete Buttigieg — among other 2020 Democrats — in committing to forcing American taxpayers to pay for healthcare for illegal aliens who arrive in the U.S.

Already, due to loopholes, American taxpayers are spending nearly $20 billion every year to provide illegal aliens with subsidized healthcare, emergency room visits, and other health services.

Under the 2020 Democrats’ plan to provide taxpayer-funded healthcare to all illegal aliens living in the U.S., Americans would be billed potentially $660 billion every decade just to cover the costs. Other research has found that the plan would cost Americans at least $23 billion every year.

As Breitbart News has reported, experts have said that giving taxpayer-funded healthcare to effectively all foreign nationals who can make it to America’s borders would drive “strong incentives for people with serious health problems to enter the country or remain longer than their visas allow in order to get government-funded care.”

Despite 2020 Democrats’ continued push for taxpayer-funded healthcare for illegal aliens, American voters are overwhelmingly opposed to the plan. The latest Wall Street Journal/NBC News survey revealed that the healthcare-for-illegal-aliens plan is the least popular policy position, with opposition from 62 percent of U.S. voters.

Similarly, a CNN poll from July discovered that 63 percent of likely swing voters oppose providing healthcare to illegal aliens, along with nearly 6-in-10 of all likely U.S. voters and 61 percent of moderates. A Rasmussen Reports survey also found that likely voters, by a majority of 55 percent, oppose giving healthcare to even the most low-income illegal aliens.

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