Insurers, however — those poor dears — are just a mite more worried about the latest change. Health insurance industry consultant Robert Laszewski explained last week:
The fundamental problem here is that the administration is just not signing up enough people to make anyone confident this program is sustainable.
Yes, the law’s $20 billion “3Rs” health insurance company reinsurance program will prop up the program through 2016––and even be enhanced because of these changes. But then the “training wheels” come off and the program has to stand on its own.
Obamacare opponents are, apparently, stupid. They miss the voracious grizzly right in the middle of the room: The feds are already propping up Obamacare: Without the cash infusions they are getting right now, the whole thing will collapse.
And every time Obama pushes off some implementation date, it just guarantees that the gravy gusher will continue to make the INSCOs whole. Now we see opponents talking as if there is something that will force Obama and the Dems to stop subsidizing the program. What? The law? Don’t be ridiculous. Has that stopped them yet?
Every delay in implementation, couple with a concomitant extension in bailout funds, turns Obamacare more and more into a single-payer system. And that’s what the Dems wanted in the first place.
So let’s say we not only have a GOP House and Senate after 2016, but a GOP President as well. Is the GOP we know really going to vote to cut off the gravy train and collapse what will, by then, be a system on which several million (disproportionately) people of color, gender, and yoot, when it can be “fixed” by just adding more and more money to what will, by then, be just another expensive entitlement?
Past history tells me that is a slender reed on which to place your hopes.