Educate me on ACA- questions

[Nash B.]

I don't know that insurance companies will really benefit from this. They've been doing pretty well for a long time by adjusting premiums to cover their risk and give them profits. Now they're going to be covering more people but the profitability is going to depend on how much extra risk they're taking on. If they get a bunch of healthy kids that never had insurance because they didn't need it, it's profit; if they get a bunch of sick old people that never had it because they couldn't afford it, it's going to hurt them.

[Chuck_Finley]

Make sure to check out the latest headlines on Drudge today about another 50-100 million cancellations coming next year.

But to answers your question, the insurance companies do stand to gain somewhat from this, yes. You only need look at those people who have had their policies cancelled, do you see the insurance companies rushing out with some other alternate plan or other coverage for them? No. Those people were undoubtedly using the policy, yes, but if the company can cut them out and not suffer the monetary loss, hell yes they'll do it.
However insurance companies also still dont see the bigger picture which is that this whole plan was intended to fail in order to usher in single-payer healthcare, meaning full .gov healthcare which will eventually put the insurance companies out of business.

[YALE]

The really cute thing about him saying people can have their old plans back is that it basically won't happen, and the ACA-system plans will still go up in price as though they did. It's like a crazy avalanche of price increases. No matter what the government does, they add a layer of bureaucracy, and a layer of corruption. The fact that this is President Obama's signature legislation only goes to show how mired in incompetence, corruption, and mediocrity his administration is.

[S_K]

Yep. With all things political - follow the money. Who stands to gain from all this? It sure as hell isn't the American taxpayer.

[Gtracer]

Healthcare Execs all day long;the medical industry...they all wanted this as it meant more money for them from insurance companies, insurance companies from us and...oh wait, we don’t get money from anyone...lol

I also find it funny, that while no single force was behind this, you know that the INS companies involved all stand to make a decent profit. I bet they were pissed when he came out talking out of his ass about how they will still have their same plan that was cancelled...when he can’t do shit to the INS companies.

THEN, they go and save face with their constituents by crafting a bill that will basically force the INS companies to re-evaluate those cancelled plans.

Which would have pissed off the INS companies even more, except they are now able to "re-sell" the same plan back to the individual that they just cancelled it from.

You gotta love these car dealership antics...lols

[barronj]

While the HNIC (N is for narcissist) didn't exactly see things unfolding the way they are (his magnificent void of OTJ experience, discovering layer after layer of ineptitude is another matter all together), and while I have a firm belief that he wants to wipe his ass with our constitution, I think there were even more sinister forces at work- ie, follow the money.

Who crafted the legislation?

Who stands to benefit the most?

Who was strangely quiet about the net effect this would have on X industries?

Discuss...

(opens left hand desk drawer to make sure tin foil hat is where I left it)