Obamacare Explained By An Insurance Industry Insider [View all]

If voters knew the ugly truth about how “Big Health Insurance” really works, they would be horrified at the attempts of Congress to repeal the Affordable Care Act AKA Obamacare.

SNIP

The big health insurance gravy train is leaving the station

Before the Affordable Care Act, the gravy train did not stop with providers — the green gravy that is premium dollars was liberally spread over insurance companies too, leading to things like United Health Care’s Stephen Helmsley taking home nearly a $1 billion salary during one year that I worked for them. How could that be possible, you ask? Oh, quite simple. UHG simply cut a few costs, is all. But thanks to Obamacare, the gravy train is leaving the station.

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Why the GOP wants to repeal the Affordable Care Act

Now, in case you’ve been asleep for the last 30 years, one of our political parties caters to rich people. The Republicans like nothing better than giving the wealthy a big wet kiss. So the relationship between the GOP and doctors, hospitals, Big Pharma, and medical-device manufacturers was love at first sight. Their kind of people. And, if you had not noticed, the Republicans like nothing better than enabling their rich pals to get richer, no matter what. For that reason — plus their ideological belief that government can’t do anything right– the Republicans want the gravy train “Good-Times Express” to keep on rolling.

Enter the Affordable Care Act. Instead of the old “fee for service” model — the one that converted procedures into dollar signs — the ACA is based on a “fee for wellness” model. Under that system, doctors and hospitals get paid a certain amount for keeping the patient well. Under the ACA, the incentives are all going the other way, encouraging your doctor to keep you well. If you get sick, your doctor does not get rewarded for that with extra dough. Instead, the best option for your hospital or doctor is keeping you well.

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As the Affordable Care Act grows more popular, the GOP will rue the day

Starting in October, the tangible benefits to the vast majority of the ACA will become apparent. Lifetime maximums; denying coverage to people with pre-existing conditions; cancelling coverage to avoid costly payouts; spending premium dollars on CEO salaries and advertising instead of on patient care … all of that is gone. Thank you, President Obama, for pushing this through.


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