The Next Obamacare Shoe To Drop: When...

The Next Obamacare Shoe To Drop: When Will Insurers Freak Out?

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Dunkirk, NY

#1 Nov 14, 2013
The Next Obamacare Shoe To Drop: When Will Insurers Freak Out?

Business Insider
By Danny Vinik November 13, 2013 11:49 AM

The Next Obamacare Shoe To Drop: When Will Insurers Freak Out?
Business Insider
By Danny Vinik November 13, 2013 11:49 AM

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Barack Obama

AP

Two developments today should make health insurers very worried.

First, Amy Goldstein, Juliet Eilperin and Lena H. Sun report in the Washington Post that the administration is unlikely to have the exchange website functioning for most Americans by December 1st. Jeff Zients, who took command over the site in October, emphasized that " Healthcare.gov will work smoothly for the vast majority of users." That seems unlikely at this point.

Second, Sen. Jeff Merkley (D-OR) became the second liberal Democrat (along with Sen. Dianne Feinstein) to sign on as a co-sponsor to Sen. Mary Landrieu's bill to fix Obama's "if you like your health plan, you can keep it" lie. The legislation grandfathers in all health plans up until January 1st, 2013, as Rep. Fred Upton's bill in the House does, but it takes it a step further. Landrieu does more than just allow insurers to continue offering health plans to current beneficiaries. She requires them to do so.

My point: This issue will have a long lasting impacts to the American well-beings and the 2014 election will guide the outcome!

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