Saturday, March 11, 2017

National Insurance Anthem

Another reason why the Ryan plan should give people pause:
Anthem CEO Joseph Swedish wrote to the chairmen of the House Energy and Commerce and Ways and Means committees that the leadership’s bill “addresses the challenges immediately facing the individual market and will ensure more affordable health plan choices for consumers in the short term.”

The health insurance company supports the Ryan plan’s provisions to repeal Obamacare’s health insurance tax, temporarily continuing Obamacare’s cost-sharing subsidies, and doling out tax credits for those on the Obamacare exchanges. Anthem CEO Swedish explained, “These provisions are essential and must be finalized quickly to have the intended impact on products and prices to benefit consumers.”

The Blues Association asked the Republican leadership to drop a one-year, 30 percent premium surcharge on individuals who fail to maintain their health insurance throughout the entire year, warning that it could destabilize the market. Republicans added the provision to the bill.

Senator Rand Paul (R-KY) told Breitbart News in an exclusive interview that the insurance companies stand to benefit from Paul Ryan’s Obamacare repeal plan.
It sure looks like he was right...

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There Goes The Sun

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