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Neal Barton's POV

Insurance companies may have no fear

MGN-Online
POV

POSTED: Monday, January 13, 2014 - 6:02pm

UPDATED: Sunday, April 13, 2014 - 2:11pm

Ronald Reagan once said, "Insurance companies which climb into bed with the government will get more than a good night's sleep."

Case and point: The government is using insurance companies as the reason folks were losing their loans after the awful rollout of Obamacare. But, recently, I've heard no insurance commanding.

Well, maybe the media is not reporting.

Also, The Weekly Standard reports a blog pointing to the fact the government is about to give the insurance industry an over $1-trillion bailout.

I guess The White House is cutting checks again and by the way, you're paying for it. I wish every time I made a bad decision or got myself in a bind the feds would bail me out.

It's complicated, but according to the report, insurance consultant Robert Laszewski claims:

"Insurance purchased through Obamacare's government-run exchanges isn't even full-fledged private insurance; rather, it's a sort of private-public hybrid. Private insurance companies pay for costs below $45,000, then taxpayers generously pick up the tab-a tab that their president hasn't ever bothered to tell them he has opened up on their behalf-for four-fifths of the next $200,000-plus worth of costs. In this way, and so many others, Obamacare takes a major step toward the government monopoly over American medicine ("single payer") that liberals drool about in their sleep."

But, right now, we are concerned about a governor in a mess, that according to polls, only 18 percent of the country cares about.

That's my point of view, what's yours?

You can e-mail me at pov@ketknbc.com or Facebook me at KETK Neal Barton.

Comments News Comments

Insurance should only be for CATASTROPHIC HEALTH CARE.

Regular doctor visits and minor stuff should be left up to the individual to pay for.

Do that and people will ONLY go to the doctor when really necessary. Cuts alot of the cost.

Right now by trying to have insurance cover everything it floods the system with people coming for minor stuff that they could take care of themselves and it jacks up the price of healthcare to where no one can really afford it.

I thought insurance companies were the enemy here, you know corp. greed and all. All we've heard from the left the last few years is how the ins. co.s are greedy and evil. Now they're going to cover their losses from Obamacare. I'd call them hypocritical, but the definition of hypocrite doesn't apply to Dem.s. If it did, then the definition is unfair and politically bias.

Greedy co.s aren't the reason for health care reform any more than welfare was to benefit poor blacks in the 60's or FDR's social security program was to benefit seniors. They are about making our lives responsible the federal gov't and those who profess to protect the poor. These programs have trapped people into poverty and destroyed families. Propose plans to fix the problems and raise the poor out of poverty and the left threatens to dump the poor on the streets.

As for greedy, I assume you work. Why do you work? Because you have to? Because you wish to provide jobs to others, be able to pay as much taxes as you can? No, if you're normal you work to provide a home, food, clothing for you and your family, and maybe even to a trip to Gramma's or Six Flags. Guess what! That makes you "greedy". You employer is just the same. They're in business to make a profit, not provide jobs, not to pay taxes or provide a product or service. If not why be in business?

You should change your name to Townfool. Just like when you didn't understand how a cheap dollar makes a loan easier to repay, you are clueless to the Ponzi created under the ACA. Did you really think Nancy P. from San Fran., home of AETNA and George Kaiser (Kaiser-Permente, Solyndra graft) passed a law mandating everyone to buy their product would ever get burned in the deal ? You're a fool more than idiot.

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