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  #21  
Old 11-14-2013, 11:50 AM
ActuaryGuy23 ActuaryGuy23 is offline
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Originally Posted by Sub_Zero View Post
Key word allow. He knows it's too late for insurers to turn back before 1/1/2014. So now it will be the insurers fault if they continue with cancellations.
Yup. That mild wedgie you are feeling right now? It's Obama picking you up by your belt loops just before he heaves you in front of the oncoming bus.
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  #22  
Old 11-14-2013, 11:52 AM
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There is an episode of "The Office" (American) where Michael gets invited to a shareholder meeting when the company is performing poorly. Though he wasn't supposed to speak, he announces that there is a bold plan to save the company (which there isn't) to raucous applause.

I expect it will go something like that.
I am picturing Obama getting to the hospitality room after the announcement saying "Let's do this. Day 50 health care fixed. Day 49 any ideas?"
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  #23  
Old 11-14-2013, 11:52 AM
sweetiepie sweetiepie is online now
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It's pretty funny if you ask me. Insurers had a good time saying their HANDS WERE TIED, when they chose to alter plans in such a way to make them ungrandfatherable. Now they have to be somewhat honest about the economics involved.
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  #24  
Old 11-14-2013, 11:54 AM
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Dismal Science Dismal Science is offline
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Meh. It's pretty funny if you ask me. Insurers had a good time saying their HANDS WERE TIED, when they chose to alter plans in such a way to make them ungrandfatherable. Now they have to be at least vaguely straight about the economics involved.
This post is stupid.

Their hands WERE tied. The fact that they are now untied and that it is now too late to do anything doesn't change whose fault it is.
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  #25  
Old 11-14-2013, 11:54 AM
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Meh. It's pretty funny if you ask me. Insurers had a good time saying their HANDS WERE TIED, when they chose to alter plans in such a way to make them ungrandfatherable. Now they have to be at least vaguely straight about the economics involved.
They should be more concerned with the politics involved. They got into bed with this administration and now I'm sure they're beginning to realize what's coming.
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  #26  
Old 11-14-2013, 11:59 AM
sweetiepie sweetiepie is online now
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This post is stupid.

Their hands WERE tied. The fact that they are now untied and that it is now too late to do anything doesn't change whose fault it is.
Too late to do what? They can, and many will, start grandfathering plans. It's just that many have good reason for not doing so. It's better they admit that this is about pricing in the age of universal healthcare, and not about some arbitrary dictate of our dear tyrant.

Last edited by sweetiepie; 11-14-2013 at 12:04 PM..
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  #27  
Old 11-14-2013, 12:00 PM
InSpades InSpades is online now
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So... the policies he said people could keep if they like... he's now changing the rules so people can actually keep them (maybe) for a year? This is a fix?
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  #28  
Old 11-14-2013, 12:01 PM
sweetiepie sweetiepie is online now
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They should be more concerned with the politics involved.
Who cares? They won. They'll be doing more business after 2014 than before. The details of how that's going to happen are insignificant.
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  #29  
Old 11-14-2013, 12:02 PM
Sub_Zero Sub_Zero is offline
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Too late to do what? They can, and many will, start grandfathering plans. It's just that some have good reason for not doing so. It's better they admit that than go on about how the grandfathering rules were so strict.
Too late to reverse the administrative processes behind the conversion to aca plans. Too late to get 2014 rates developed for these newly grandfathered plans. Too late to change the pricing of exchange plans to reflect the altered risk pool. Too late to get all of the above approved by state regulators. Etc.
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  #30  
Old 11-14-2013, 12:05 PM
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Too late to reverse the administrative processes behind the conversion to aca plans. Too late to get 2014 rates developed for these newly grandfathered plans. Too late to change the pricing of exchange plans to reflect the altered risk pool. Too late to get all of the above approved by state regulators. Etc.
Nonsense-- if this thing is made law, all of that will be rushed or extended, well, except for prcing exchange plans, but those prices are basically nonsense for this year anyway.
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