Obamacare + Preexisting Conditions = Bankruptcy

Mandeville, LA – Exclusive Transcript – If Cigna, Blue Cross Blue Shield, Empire, Blue Cross Health, Aetna, whatever other major medical insurance providers, if they could not in their experience since major medical became HMOs and PPOs and what have you, if they could not divine a way to cover people with preexisting conditions at the premiums that we are currently suffering under and maintain a profit, how is the federal government, which can’t run anything even remotely like that, how is the government going to do it?  Check out today’s transcript for the rest…

Begin Mike Church Show Transcript

Mike:  We haven’t even gotten into the nuts and bolts of whether or not the Affordable Care Act is actually ready to be implemented, which, as I understand, it’s not.  That’s not a surprise.  If it’s not, then what’s the rush to get it over the finish line?  Here’s White House mouthpiece Jay Carney playing the partisan blame game:

[start audio clip]

Jay Carney: One might surmise that the extreme agita that you see among Republicans right now over the Affordable Care Act and Obamacare is a direct result of the fact that beginning tomorrow, there is a concrete development that means that millions of Americans will for the first time be able to sign up for that health insurance.  As I think I’ve seen Republicans say, it’ll be a lot harder to get rid of Obamacare . . .

[end audio clip]

Mike Church Show Transcript – What Is The Alternative To The Legislative Process?

Mike:  Stop the digital media file.  Andrew, this is a good question for our analytical brain.  If Cigna, Blue Cross Blue Shield, Empire, Blue Cross Health, Aetna, whatever other major medical insurance providers, if they could not in their experience since major medical became HMOs and PPOs and what have you, if they could not divine a way to cover people with preexisting conditions at the premiums that we are currently suffering under and maintain a profit, how is the federal government, which can’t run anything even remotely like that, how is the government going to do it?

AG:  The part of your question is the profit end of it that the government doesn’t have that in the equation, right?

Mike:  They’re not going to have to do it.  What’s going to happen when they find themselves in the position that Aetna, Cigna, Aflac, Blue Cross Blue Shield did not want to find themselves in, which is offering or covering people and then having to actually pay the benefits and being unable to and thus find themselves in bankruptcy?  But the government won’t find itself in bankruptcy, will it?  So what will it do to make the difference up?  It will either borrow or print the difference.  What will then happen to the people who are already suffering under a crushing debt burden and a decaying value in currency?  This is going to exacerbate it.

From any point of view, anyone that is advocating this has failed to take into consideration that there were numerous companies, numerous private entities, probably hundreds over the last 50 years, that could have tried to figure out, or maybe even did and then went broke as a result, how they could cover these things called preexisting conditions.  There was no business model that made that possible.  Specifically that’s why they didn’t.  So to say the government is now going to do it, then what is that going to do to any plan the government runs?  As a matter of fact, it is more likely that the government is going to be covering people that specifically went to it because they had a preexisting condition.  What then is the future of the government’s plan?  It starts with a B and ends with a Y.

End Mike Church Show Transcript

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