Democrats to America: "We Own the Government"

[The Nature Boy 4,224]

Obamacare is about regulating the insurance business. Until now it has not been.

Hurricane you got to be shatting me just blew thru

Obama care just forced the entire nation to sign up with big insurance

Yes. The banks didn't want to be regulated by the gov but now they are.

The insurance companies don't want to be regulated and that why they have lobbyists in Washington trying to prevent Obamacare (which will mean they will be regulated by the gov). What don't you get?

http://en.wikipedia.org/wiki/Insurance_regulatory_law

Expanding Federal Regulatory Influence[edit]

Despite the long history of state-based insurance regulation, federal regulatory influence has been expanding in the past several decades.

In the mid 1970s, for example, the concept of an optional federal charter for insurance companies was raised in Congress. With a wave of solvency and capacity issues facing property and casualty insurers, the proposal was to establish an elective federal regulatory scheme that insurers could opt into from the traditional state system, somewhat analogous to the dual-charter regulation of banks. Although the optional federal chartering proposal was defeated in the 1970s, it became the precursor for a modern debate over optional federal chartering in the last decade.[14]

A wave of insurance company insolvencies in the 1980s sparked a renewed interest in federal insurance regulation, including new legislation for a dual state and federal system of insurance solvency regulation.

In response, the National Association of Insurance Commissioners (“NAIC”) adopted several model reforms for state insurance regulation, including risk-based capital requirements, financial regulation accreditation standards and an initiative to codify accounting principles. As more and more states enacted versions of these model reforms into law, the pressure for federal reform of insurance regulation waned.[15]

In 1999, Congress passed the Gramm-Leach-Bliley Financial Modernization Act, which sets out certain minimum standards that state insurance laws and regulations were required to meet or else face preemption by federal law.[4]

Over the past decade, renewed calls for optional federal regulation of insurance companies have sounded, including the proposed National Insurance Act of 2006.[16]

The most recent challenges to the state insurance regulatory system are arguably the most significant, as well, showing further erosion of state primacy. Both the Patient Protection and Affordable Care Act (“PPACA”) and the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank”) are material forays of federal law into the insurance industry.[17]

[The Nature Boy 4,224]

There are various factors that will come into play when talking about insurance and medical coverage, one thing is getting it … I understand that certain ppl who were not able to get insurance can get it that is great news.

There is another side someone willing to accept the insurance and provide the service and someone who will be paying for this insurance policy as well.

I don’t think any insurance company is in the business of charity work, which means they will make sure someone else would be paying for unhealthy people and that will be healthy people. There is no free lunch.

Julie B a single mother, who makes 28,000 can get a policy in my county for 410.00 per month

It has a 4500 deductible

Please tell me how we just made health care affordable for her ? Thas about 8K out of pocket for her every year after subsides.

Maybe we get the insurance companies out of the mix and we can stop bat shat crazy stuff like a 15 min emergency room visit for a food allergy costing 1800.00.

Want to make healthcare affordable.- I can get a colonscopy in a state of the art facility by a well trained Physician for about 400 bucks.

Same thing with similar outcomes locally-cost about 4000

Until we cut all the admin costs out of medicine and start paying health care providers instead of Insurance companies and RN's in hospitals that do nothing but fight for insurance claims it will never get better.

Big Insurances the problem..Obamacare just gave them the keys to treasure chest.

Just how is health care now affordable

Is medical care now affordable..NO..Somebody has got to pay

[Crashed~N2~Me 970]

I ran a few different assumption @ http://kff.org/interactive/subsidy-calculator/

Assuming - $28,000 annual income, US average, 30 year old non tobacco with 2 children. Silver plan would run $1,011 per year with $5,086 subsidy. $4,500 max out of pocket.

Kaiser goes on to state - "typical population, the plan will pay for 94% of expenses in total for covered benefits, with enrollees responsible for the rest."

I suppose it comes down to her typical health care usage / expense to determine if this is "affordable."

She better stay fit & make sure them kiddos eat right & exercise. Get Bloomberg to keep watch.

Edited October 11, 2013 by Crashed~N2~Me