Today, in a stunning “reversal” of policy, President Obama announced that faith based organizations who are opposed to contraceptives or the “morning after pill” will no longer be required to provide coverage for these items in their group insurance plans.
Now, according to the President, it is the faith based group insurer who “will be required to reach out and offer contraceptives free of charge”.
Hum? Since the drug companies aren’t giving out free contraceptives to insurers, and, since the only income an insurance company has comes from premiums, aren’t the premiums paid by the faith based organization to the insurer actually paying for those contraceptives and morning after pills?
And, what about faith based organizations who self-insure? In these cases, the organization actually pays all of the claims, hiring an insurance company to simply administer those claims. Will the plan administrator be required to “reach out” and pay for those contraceptives itself? If so, where will that money come from?
As, per the President, none of this “free” will be paid for by the faith based organization, and, as the President wouldn’t try to mislead us, there is only one logical conclusion.
The President has given insurance companies and group plan administrators the power to print money…at least enough money to pay for the mandated “free” stuff.
To give you an idea how well thought out and carefully planned this decision was, this from today’s Wall Street Journal:
The insurance industry was caught by surprise. Industry officials said they learned of the decision early Friday without any discussions with the Obama administration over how it might work or how much it would cost.