On Friday, the Department of Health and Human Services released a new rule requiring insurance companies who miss medical loss ratio targets – and are therefore required to credit policy holders – indicate ObamaCare is the reason why they are getting a credit.
Pure politics. The federal government restructures the rules to the point where some insurance companies will be required to credit some customers and those customers will be informed they got the rebate thanks to President Obama.
Under the 2010 legislation, insurers that don’t spend a specified amount of revenue on actual medical care — as opposed to administrative costs — must refund the difference to customers.
Rules finalized by the Department of Health and Human Services on Friday instruct insurers to notify recipients of rebates in the first paragraph of the mailing by writing: “This letter is to inform you that you will receive a rebate of a portion of your health insurance premiums. This rebate is required by the Affordable Care Act-the health reform law.”
Fine. I wonder what the federal government would do if health care insurers sent out a letter reminding customers premiums went up in great part thanks to President Obama and the federal government demanding…
- Insurance companies covering parents must provide coverage to “kids” up to the age of 26.
- Pre-existing conditions must be covered.
- The elimination of lifetime coverage limits.
Certainly, those regulations (and there are many more) increased costs, so insurance companies should have the right to blame President Obama directly.
Politics rules the game here, and the Obama administration is trying to buy votes by having the rich evil health care insurance companies send a check directly to voters with Obama’s smiling face and a “thumbs-up” on the envelope. Democrats must be laughing their heads off, since they are playing you all for fools. Of course, that very public $72 average credit very few of you are going to get came after your health insurance premiums went up hundreds of dollars last year.
And that’s the politics of all of this. Liberal statists are setting up the rules so health care premiums go up – thanks to their regulations – and health insurance companies can be publicly blamed since that’s where the premium dollars go. At the same time they require rebates to end-consumers in certain situations where the federal government – by regulation – must be publicly recognized for the payment.
Corporations are bad, the federal government is good. The Democrats and the federal government want to control your lives. Control your healthcare. This is how they are doing it.