Thursday, December 1, 2016

A deal that will blow up

The Hill: Congressional Republicans are talking to health insurers about ways to prevent a collapse of the insurance market once they pass an ObamaCare repeal bill.
Republicans are planning to pass repeal legislation as soon as January, but plan to delay it from taking effect for a few years to avoid immediate disruption in people’s coverage. The delay would also buy them time to come up with a replacement.
But industry officials and healthcare experts are warning that insurers might bail out of the system altogether once a repeal bill passes, particularly since many of them have been losing millions of dollars on ObamaCare plans.
An exodus of insurers could dramatically limit the coverage options for the roughly 10 million people enrolled in the system, potentially creating a backlash.
Recognizing the problem, Republican congressional staffers are in talks with insurers about policies they could implement to help improve their financial situation in that interim period and prevent a breakdown in the market, according to three Republican lobbyists.
The insurance companies will want full recovery, they already are losing.  It is ripe for a blow up in the next two years if we get an unemployment rise. Republicans will have contracted to insure losses during a recession, thus making the recession inevitable.  we get another force driving the deficit way up.

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