HHS Begins Destroying Health Insurance

  1. HHS Secretary Kathleen Sebelius said she will be forcing insurance companies to detail their internal expenses and income, and force some that try to spend less than 80 percent of their
    premium dollars on health care to hand out rebate checks to customers. 

     

    Obamacare requires that insurance companies this year begin telling customers how much of their premiums go to medicine.  Beginning in 2011, insurers had to spend at least 80 percent of premium income on “medical care and quality improvement”.  Companies not meeting the 80/20 Medical Loss
    Ratio must pay rebates starting in 2012. 

  2. What this all means is that since Obamacare makes providing health insurance more expensive by mandating coverage of everything from alcoholism treatment to birth control pills, and health insurers are already barely profitable, more and more of them will be going out of business.

    This can only be the planned outcome. Indeed, Obamacare “is not even a trojan horse” for the journey to a single-payer government health care system.

    Obamacare must be repealed, or America will be an historical footnote.

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