The long-awaited proposed HHS regulations for dealing with "unreasonable rate increases" were released Dec. 21, and health insurers will soon face greater scrutiny than they have ever faced before. Starting July 1, any planned rate hike of 10% or more in the individual or small-group market must undergo extensive review......insurers would have to publicly disclose not only the increases and the rationale for them, but lots of other information, including the salaries of their executives...
...HHS would have subjective criteria it could use to determine that a state’s review processes are not effective, and that means HHS would take over the review itself. In addition, states (and perhaps HHS) could bar carriers deemed to be unreasonably raising premiums from participating in the new insurance exchanges...
...Overall, HHS’s new filing requirements are so extensive for planned hikes of 10% or more, and the potential for adverse publicity is so enormous, that some insurers may choose to back off even from hikes that are needed and warranted...
Not only will the Department of Health and Human Services hold the power of life and death over you -- the individual -- but it will also determine which private insurance companies live and die.
The Department of HHS has the power to reward and punish; to enrich its political allies and bankrupt its enemies; to deny health care services or permit them; to play God.
And that is why Democrats jammed through a monstrous bill that purports to be "health care reform". No one read the bill. No one knows exactly what it will do. But they knew enough, namely that it will grant unlimited, God-like power to a select few political hacks.
Like Venezuela. Or the old Soviet Union. That's the 'change' the drones voted for in 2008.
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