Tuesday, June 15, 2010

BOHICA: Sibelius Writes Your Health Insurance Terms

You thought ObamaCare would start in 2014, more or less?

Wrong, turkey. It starts NOW.

[Sibelius is] starting off by applying new regs to health plans offered by large employers -- even though these costly rules were supposedly only going to apply to plans sold in the state insurance "exchanges" that don't get created until 2014. This twist is spelled out in an 83-page draft of a new regulation that leaked late last week.

Bottom line: Sebelius means to dictate what your insurance plan must look like almost from day one, no matter how you get your coverage.

Indeed, the draft regs envision more than half of all policies having to change within three years...

And (shock! double-shock!!) it seems that Obama lied!

...these rules force consumers to buy one of just four health policies -- which vary mostly only by trading off higher co-payments for lower premiums, while offering essentially the same actual benefits. In arguing for passage of the law, ObamaCare's defenders claimed the rules were aimed at health plans sold in the "exchanges." Oops: Now Sebelius is applying them to employer plans.


HT: AmSpec

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