To PPACA Detractors:
The federal government doesn’t set insurance premiums. Insurance companies set premiums. State Departments of Insurance must review and approve each and every insurance product sold in their state. The only limitations put on insurance company premiums by the Patient Protection and Affordable Care Act is that insurance companies can no longer sell junk insurance or gouge older people and women.
When they announce premium increases, it’s because they are unhappy with the amount of money they are making. They want to make more.
No one should be buying their bullshit or crying crocodile tears for them.
A whole new market was opened up to them with no competition from a public option. Even more to the point, it’s now a legal requirement for Americans to buy one of their products, and yet they have the balls to rattle their sabres about abandoning the very exchange, healthcare.gov, that was created to give everyone, but especially poor people, the means to buy their legally mandated products. And, for those who can’t afford their products, taxpayer subsidies – your money and mine – go to these private insurance companies as part of the premiums paid by their new customers.
Now they want more? Why? Simple. Because…….wait for it…….these new customers through the health insurance exchange actually use their product – health insurance – to get health care services.
We must be idiots.
Anyone who doesn’t see what the insurance companies are and what they are doing now as the perfect argument for single payer health care – not health insurance, health care – is simply refusing to acknowledge that the health insurance industry in toto is a zero-value-add cost driver and inhibitor to a healthier population.
The sooner we elect people who want to move this country to a single payer system that essentially kills the health insurance industry, the better off we all will be.