Facts about the ACA (Obama Care)
“Kudos” to Mr. Weir, Mr. Manos, and Ms. Croteau (Carriage Town News dated August 8, 2013) for their collective rebuttal of Ms. Sue Carroll’s letter concerning A C A (Obama Care). Isn’t it about time that insurance companies be held accountable to the people they are supposed to serve?
I must say that for such a big deal, the Obama administration did a poor job of explaining the program. Obama Care sent the insurance companies’ “fear” apparatus into overdrive; let’s take a look at why.
One of their favorite ploys of deception was,” this bill has 1,200 pages so how in hell will I understand it?” I don’t know about you but I never read the small print on my credit card agreement.
My only concern was what’s the interest rate, which translates to, “does this card give me more advantages than the one I already have”?
So let me put start by pointing out some of the things I like about my new deal. I can’t help but believe that through Obama Care the president proved that he really has my interests at heart; here are a few cases in point.
Since Pres. Obama took office, he has required insurance companies to spend at least 80% of premiums on healthcare, and less than 20% on advertising, overhead, and CEO salary - or provide customers with rebates. Now that’s simple math that even I understand.
I can understand why big insurance company executives hate Obama Care. (Golly there goes my new yacht and my $10 million bonus.) In every state and for the first time ever, insurance companies are required to publicly justify their actions if they want to raise rates by 10% or more and more states have the authority to reject unreasonable premium increases (that’s what I call transparency).