Page 34 - Risk Pool News Today

Said their insurance rate went up three times. someone else was waiting for a cortisone shot for three days when their insurance policy company, they call could and like that they would get approval. >> max baucus said this is a train wreck. thats what we have. americans and the republicans have an alternative plan. we believe in a market-driven approach. we believe that we can have a plan that is between the patient and the physician. it is come pettive between companies across state lines. it ...

>> it limits the amount of your loss for companies that miscalculate in a regular normal healthy insurance marketplace, most companies are not going to do that you are just going to have a handful of anomalies any given year had something happen and they lost a lot of money. this reinsures against that risk. the problem with obamacare its not one or two companies its going to be virtually every company in the exchanges losing money. >> i guess when you say the anomaly vs. non-anomaly when you ar...

>> it limits the amount of your loss for companies that miscalculate in a regular normal healthy insurance marketplace, most companies are not going to do that you are just going to have a handful of anomalies any given year had something happen and they lost a lot of money. this reinsures against that risk. the problem with obamacare its not one or two companies its going to be virtually every company in the exchanges losing money. >> i guess when you say the anomaly vs. non-anomaly when you ar...

And -- >> it incentivizes it. >> experts say it incentivizes people to say can get this subsidy. we hear the numbers over and over again. if youre up to 4000% of the poverty level, $45,000, you can get a subsidy, and theyre generous so if you can get that subsidized care, why work as hard and as long? >> kate in bill oreillys interview with the president, one thing that struck me the president resident health -- prt about health care. astabilizeing, we got the kinks out, give it time. >> in the ...

Want to make sure they have adequate coverage. it also said that would enable future patients to receive care earlier, perhaps at a doctors office, avoiding the need for hospital care. but even beyond skewing the risk pool, insurance companies have many objections. >> the issue here is that when the entities that are paying premiums and cost sharing are doing it solely to benefit themselves financially, thats a conflict of interest and thats something that shouldnt be done. >> now, in the midst ...

John goodman says is going to seem like an old worry. what do you think? >> well, i would say that people arent worried enough because the risk -- theres a federal risk pool established for people who are sick, its going to end in a month or so. and those people go to exchanges, and states with risk pools end soon and those good on the exchange. the cities like detroit that promised benefits they cant pay for, they going to dump people on the exchange. a lot of employers do the same. so i have a...

Two lines in the bill. that would be a moment of truth for obama care. >> if we as taxpayers dont pay out the insurance companies, they dont get saved from their bad risk pool. and then the architects of obama care told me thats when you begin the death spiral which moons the law starts imploding. and the insurance companies are not going to provide insurance for free and the premiums that people are paying will g way up. and the system will collapse. and some people are saying, great, but then ...

Obamacare. >> if we dont bail out the insurance companies then the risk pool they dont get saved from their bad risk pool. that is when the law starts imploding they are not going to provide insurance for free next year premiums are going to go up. what are we left with single payer the government steps in to take over? >> that has been the argument against the scenario i have advocated. but i find it unimaginable that a country that has just suffered through a year, it would be a year, say year...

Two lines in the bill. that would be a moment of truth for obama care. >> if we as taxpayers dont pay out the insurance companies, they dont get saved from their bad risk pool. and then the architects of obama care told me thats when you begin the death spiral which moons the law starts imploding. and the insurance companies are not going to provide insurance for free and the premiums that people are paying will go way, way up. and the system will collapse. and some people are saying, great, but...

Care and what this bare bones health care plan situation could add to the worries of the death spiral of obamacare because if you dont have enough money coming into the system to subsidize some of the older americans that consume our health care, this thing could completely collapse. on the flip side, you have the young people not signing up for this system. you have only 25% between ages of 18 and 24 under this system. so that could also contribute to the demise of obamacare. >> create so-calle...