BOHEMIA, NY, Nov 29 – New health insurance company rules issued by the Department of Health and Human Services underscore the Obama administration’s intrusive determination to take over health care in the U.S. at any cost, says Dan Weber, president of the Association of Mature American Citizens [www.amac.us].
“The new rules look good at first glance, particularly the provision that requires insurers to spend up to 85% of their premium income on patient care. They also call for rebates to be sent to consumers if insurance companies make too much profit. But you don’t have to be a forensic accountant to see that by curtailing the ability of these companies to earn, we are curtailing their ability to provide service,” according to Weber.
He points out that the regulations could result in companies closing offices and shutting down in states where they make less profit, thus reducing service to consumers in those areas.
“This is an industry that already operates on profit margins as thin as tissue paper. Could it be that the real purpose here is to make things so tough for them that the government can then step in with a single-payer insurance bureaucracy?”
Weber points out that: “The Health Care Reform Law empowered HHS Secretary Kathleen Sebelius to make up her own rules as she strives to help the president achieve his objective of a socialist system and she is making the most of this unprecedented opportunity.”
He urged the American people to “stand up to this latest assault on our personal freedom. If we allow the health insurance companies to be taken over, our entire free enterprise system is in jeopardy.”
AMAC is planning a conference to propose alternatives to these and other provisions emerging from the health care law.