Tag Archives: HHS
Obamascare
Health insurance rates are taking off under Obamacare, especially if you now carry a high deductible plan. Kathleen Sebelius agrees.
“Some of these folks have very high catastrophic plans that don’t pay for anything unless you get hit by a bus,” she said. “They’re really mortgage protection, not health insurance.”
Megan McCardle at the Daily Beast thinks Sebelius is confused about what insurance is.
Sebelius’ response is apparently that catastrophic insurance isn’t really insurance at all–which is exactly backwards. Catastrophic coverage is “true insurance”. Coverage of routine, predictable services is not insurance at all; it’s a spectacularly inefficient prepayment plan.
“This is not insurance anymore. This is regulation, this is government dictated rates, like the electrical company…”
Watch What You Say
Health insurers are raising their prices in part due to new demands of ObamaCare. Kathleen Sebelius has threatened them by saying the administration will have zero tolerance for insurance companies that blame rate hikes on the new health order. She hinted that she would put them out of business. Previously the administration has asked citizens to report to a government web site when they hear something “fishy” on the internet. Michael Barone calls this Gangster Governmemt.
