Saturday, September 11, 2010

White House Threatens Insurance Companies For Telling Truth About Obamacare . . . Again

Kathleen Sebelius is irate health insurance companies are exercising their first amendment right and pointing out recent hikes in health premiums are the result of mandates in President Obama's Heath Care Reform bill. Under changes taking place in the last half of 2010, parents can keep their adult children on the health insurance until age 26, more preventative coverage was mandated, lifetime limes were eliminated and pre-exiting conditions were dropped for those under 18. All these changes will insurance companies money. They are passing that along to consumers and educating the public on why this is happening. The Obama administration doesn't want consumers to know the truth and has issued a near ultimatum to insurance companies. Shut up or else.

AP reported:
President Barack Obama's top health official on Thursday warned the insurance industry that the administration won't tolerate blaming premium hikes on the new health overhaul law.

"There will be zero tolerance for this type of misinformation and unjustified rate increases," Health and Human Services Secretary Kathleen Sebelius said in a letter to the insurance lobby.

"Simply stated, we will not stand idly by as insurers blame their premium hikes and increased profits on the requirement that they provide consumers with basic protections," Sebelius said. She warned that bad actors may be excluded from new health insurance markets that will open in 2014 under the law. They'd lose out on a big pool of customers, as many as 30 million people nationwide.

Source: Bluegrass Pundit

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