fairlycrazy23
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Post by fairlycrazy23 on Jun 27, 2012 14:23:51 GMT -5
Neither of those things require a federal mandate. I buy many things across state lines now, and many industries have standardized data formats.
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Post by Savoir Faire-Demogague in NJ on Jun 27, 2012 14:36:05 GMT -5
Neither of those things require a federal mandate. I buy many things across state lines now, and many industries have standardized data formats.
Actually it does. An insurance policy is a contract. Contract law is governed by state laws, not federal laws. That is why we cannot buy insurance across state lines.
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fairlycrazy23
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Post by fairlycrazy23 on Jun 27, 2012 14:43:23 GMT -5
Neither of those things require a federal mandate. I buy many things across state lines now, and many industries have standardized data formats. Actually it does. An insurance policy is a contract. Contract law is governed by state laws, not federal laws. That is why we cannot buy insurance across state lines. Virtually every transaction is a contract, so I don't think that is the barrier. I think the barrier is states and state insurance agencies preventing you from buying insurance across state lines, and it may actually be a current federal law that you can't buy it across state lines.
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Post by Savoir Faire-Demogague in NJ on Jun 27, 2012 14:45:50 GMT -5
Virtually every transaction is a contract, so I don't think that is the barrier.
I think the barrier is states and state insurance agencies preventing you from buying insurance across state lines, and it may actually be a current federal law that you can't buy it across state lines.
Exactly, contracts are governed by state commissions. Lots of turf to protect regardless.
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Phoenix84
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Post by Phoenix84 on Jun 27, 2012 15:04:31 GMT -5
"The military is one of the few things the government gets "decently right". It's certainly not perfect and it could stand to lose a bit of funding, but overall it's okay. But then again...I did say "usually". There are always exceptions to the rule."
I don't really have much of a problem with the way the military itself is run. The big budget busters on military spending is on military contracting. That's where the vast majority of the pork barrel spending goes. It's a big industry that could certainly do with big cuts.
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floridayankee
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Post by floridayankee on Jun 27, 2012 15:05:17 GMT -5
insurance companies benefit most ... they won't be forced to provide insurance to those with pre-existing conditions ... an issue that the creepy repubs refuse to address with anything other than lip service Must be why major insurers endorsed obamacare...a fact that the creepy dems refuse to acknowledge.
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workpublic
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Post by workpublic on Jun 27, 2012 15:06:07 GMT -5
If ACA is overturned, who benefits the most?
pharma and insurance
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handyman2
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Post by handyman2 on Jun 27, 2012 15:06:50 GMT -5
I don't know about all insurance policies but with auto and home insurance regulations vary from state to state. To accommodate this there will be a national headquarters for a company and then each state office is run like a separate company under the auspices of the national company. Each state will be responsible for it's own profit and loss numbers. For example my auto insurance in NC offers some different benefits that I would maybe not get in another state based on that states regulations. In NC if I am involved in an accident with my car not only does the insurance company fix my car but if the value of making repairs is 25% of the value of the vehicle then the insurance company must also pay me a depreciation value. You won't get this in all states. Different state regs.
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floridayankee
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Post by floridayankee on Jun 27, 2012 15:14:19 GMT -5
If ACA is overturned, who benefits the most? pharma and insurance They benefit the most if the ACA stands. PhRMA eeked out a special deal with Obama and the insurance companies get forced customers. It's a win / win for both of them. My guess is it will be like home insurance is here in FL. When the government capped premiums are too low for the risk, private companies bail and government gets to take over. State run Citizens Insurance is finding this out first hand with huge sinkhole claims and rate caps that threaten to put them in the red without huge premium increases.
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skweet
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Post by skweet on Jun 27, 2012 15:23:04 GMT -5
It depends. Many say that the uptick in GDP, and general optimism this early spring was the result of the market baking in an overtrhow of the law. If that is true, then nobody really benefits except for the citizens that do not have to follow the law. Some would argue that there will be an economic swoon after the law is tossed. In that scenario Obama benefits, as he only gets re-elected if something starts bringing the economy back. Romney only benefits if the law stays in place, as it is hard to argue that the POTUS is responsible for a law that doesn't exist.
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beenherebefore
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Post by beenherebefore on Jun 27, 2012 15:30:15 GMT -5
If the Supreme Court decided the law is constitutional it's a big win for Mr. O.
If not, then Romney has an advantage, he can 'say' that his was Constitutional and Obama's was not.
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Phoenix84
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Post by Phoenix84 on Jun 27, 2012 15:30:58 GMT -5
Pharma companies and insurance stand to benefit the most from ACA. Imagine if you're running a business and the government passess a law saying everyone has to buy your products or pay a fine. You'd be dancing in the streets.
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formerroomate99
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Post by formerroomate99 on Jun 27, 2012 16:08:03 GMT -5
Neither of those things require a federal mandate. I buy many things across state lines now, and many industries have standardized data formats. The standardized data formats certainly don't require a federal mandate, but I can't see that happening without one.
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Deleted
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Post by Deleted on Jun 27, 2012 16:09:46 GMT -5
Pharma companies and insurance stand to benefit the most from ACA. Imagine if you're running a business and the government passess a law saying everyone has to buy your products or pay a fine. You'd be dancing in the streets. We also told the insurance companies they had to spend $0.85 (generally speaking) of every dollar they earned on patient care. I suspect that curbed some of the dancing.
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formerexpat
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Post by formerexpat on Jun 27, 2012 22:15:59 GMT -5
It was already industry standard. Feel free to pull financials of the big firms. The other 15% goes towards administration. Here's some information - www.kaiserhealthnews.org/stories/2010/september/30/selling-insurance-across-state-lines.aspxIt can be done, just a little bit of work. Republicans put out the bill and it was part of McCain's plan during 2008 to allow states to sell across state lines. They would still have to adhere to the state's regulations that protect policyholders so there wouldn't be a situation like banks/cc's where they mostly reside in states without usury laws to be restricted on the interest rates they can charge.
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fairlycrazy23
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Post by fairlycrazy23 on Jun 27, 2012 22:25:49 GMT -5
Part of the problem with insurance is the mandates that require certain coverage, shouldn't I be able to buy insurance that doesn't cover maternity or drug abuse or whatever?
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formerexpat
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Post by formerexpat on Jun 27, 2012 23:01:13 GMT -5
These are state regulations; not decided by the insurance industry. They'd love to give you a choice. As Paul eluded in the other thread; when the policyholder or patient becomes the customer, the entire system will be much better.
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zibazinski
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Post by zibazinski on Jun 28, 2012 8:11:09 GMT -5
I don't want my premiums going up any higher. They already are jacked up in anticipation of Obamacare. Flat out told me so. Hopefully, when this is struck down, they won't go higher, but I'm sure there will be some excuse as to why they will continue to go up.
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Deleted
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Post by Deleted on Jun 28, 2012 8:56:24 GMT -5
Well we should be finding out in the next hour or so what is going to happen so: "Here. We. Go!"
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Waffle
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Post by Waffle on Jun 28, 2012 9:14:48 GMT -5
Mandate is struck down (per CNN). I'm depressed Supreme Court upholds health care law - according to MSNBC - I want details! WOW - CNN was soooo wrong, they just put a correction on their website. This is sort of like Dewey defeats Truman!
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Colleenz
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Post by Colleenz on Jun 28, 2012 9:17:53 GMT -5
Bloomberg reports ACA is upheld and individual mandate is constitutional as a tax.
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Post by Savoir Faire-Demogague in NJ on Jun 28, 2012 9:28:38 GMT -5
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billisonboard
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Post by billisonboard on Jun 28, 2012 9:33:03 GMT -5
... - I want details! ... wonder if people will wait to get them before too much comment is made?
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floridayankee
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Post by floridayankee on Jun 28, 2012 9:42:30 GMT -5
Bloomberg reports ACA is upheld and individual mandate is constitutional as a tax. “If your family earns less than $250,000 a year, a quarter-million dollars a year, you will not see your taxes increased a single dime. I repeat: not one single dime.” oops.....
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floridayankee
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Post by floridayankee on Jun 28, 2012 9:44:39 GMT -5
... - I want details! ... wonder if people will wait to get them before too much comment is made? lmao.....details didn't stop congress from passing it. Commenting on it without details will do much less harm.
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zibazinski
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Post by zibazinski on Jun 28, 2012 9:56:17 GMT -5
Why? Congress passed it without reading it.
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billisonboard
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Post by billisonboard on Jun 28, 2012 10:04:50 GMT -5
And what were the people of Congress called for doing so and would it apply equally to those commenting now?
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floridayankee
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Post by floridayankee on Jun 28, 2012 10:06:26 GMT -5
And what were the people of Congress called for doing so and would it apply equally to those commenting now? Since we're both commenting, I'll let you make the call.
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billisonboard
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Post by billisonboard on Jun 28, 2012 10:14:24 GMT -5
And what were the people of Congress called for doing so and would it apply equally to those commenting now? Since we're both commenting, I'll let you make the call. I have not commented on the ruling of which I know next to nothing. I have only commented on political discourse.
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djAdvocate
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Post by djAdvocate on Jun 28, 2012 10:15:45 GMT -5
Mandate is struck down (per CNN). I'm depressed Supreme Court upholds health care law - according to MSNBC - I want details! WOW - CNN was soooo wrong, they just put a correction on their website. This is sort of like Dewey defeats Truman! the mandate was not struck down, waffle. CNN is wrong. be happy.
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