Louisiana Becomes 9th State to Request an Obamacare Waiver
Posted by Jim Hoft on Tuesday, March 29, 2011, 6:40 PM
What a disaster.
(Frugal Cafe)
Louisiana became the 9th state to request an Obamacare waiver.
Investor’s Business Daily reported:
IBD has just gotten word that Louisiana will become the ninth state to request a waiver from ObamaCare’s medical-loss-ratio regulations.
An MLR is the share of health premiums spent on medical costs. Under ObamaCare, insurers in the individual and small group market must have an 80% MLR, which means that 80% of premiums are spent on medical care, leaving 20% for things like salaries, advertising, fraud prevention and profits.
Violate that minimum and an insurer must rebate the difference to policyholders.
Many insurers have MLRs considerably lower than 80%, which means that they will have to rebate the difference. Of course, if they can’t afford to do that they will simply drop out of the market. Since states would rather not let that happen given that people losing their policies can turn into angry voters, they have begun requesting a reprieve from ObamaCare’s MLR regulations.
Louisiana makes similar arguments in its official waiver request:
A review of the language of the Affordable Care Act has raised concerns that there may be unintended yet harmful provisions included. These provisions will, if implemented as written, be disruptive and detrimental to Louisiana’s market. As currently proposed, implementing the 80% loss ratio in the individual market will act to decrease consumer choice, make coverage more expensive and less readily available, and work to drive valuable trained producers out of the market just when they are needed most.
Prior to Louisiana, eight states had requested waivers. One other state is in the process of putting together a waiver, five others are considering it, and three are keeping it as a future option.
The Obama administration recently granted Maine’s MLR waiver.
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Published May 22, 2012 at 5:04 am - 44 Comments
Jack commented:
So basically, the states are either taking the current administration to court over Obamacare, or requesting waivers.
What a total cluster-f**k.
PS: I am sure that there is some website rule about using profanity but, seriously, nothing else quite describes this situation.
Militant Conservative commented:
Way to go Bobby Gindale.
Overwhelm the system with negatives about Obamacare.
powder is dry
Daniel commented:
HAHAHAHHaaaaaa!
If anyone needs any further proof of the fallacy and poor, 2,700+ pages of ill thought health care reform, this is it.
Betsy Ross commented:
I’m still not getting how some groups are exempt from a law and others must comply. Somehow I don’t seem to think the US Constitution makes accomodations for exemptions from law.
But maybe that’s just me?
Ginger commented:
And how much you want to bet that the pay to play…bought off…Supreme Court will rule in his favor?
Militant Conservative commented:
#4 ginger
Kagan MUST recuse herself as she worked on the Obamacare bill before being confirmed.
Now then she is a liar cheat of a democrat and we all know how honest they are. Hmmmmm?
powder is dry
FU*K OBAMA commented:
And to think that Boehner REFUSES to defund Obamacare? RINO’s have gotta go and damn fast. Imam Obama is runing our nationa and the world with his hope and change crapola.
powder is dry too!
kansas commented:
No need to defund Obamacare. It’s been ruled unconstitutional.
Ginger commented:
Boehner has to earn his Swiss bank account why should he do what the Tea Party Patriots wants. Heck the weasel Schumer is making sure of that! He does look like a weasel! Hey Schumer believe it or not Boehner works for us and not you!
MC
Kagan will not recuse herself…she does not have to she works for the kenyan fraud. He won!
Primary Boehner commented:
The 2nd order of business in the next election, behind getting rid of Obama, is making an example out of Tears Boehner.
Mizzou Conservative commented:
From the official waiver…
– my emphaisis
No, it was intended… that’s part of the the evil plan, to get rid of the insurance companies.
Rock commented:
And that impacts how on the Louisiana Purchase?
SLDAV commented:
“And that impacts how on the Louisiana Purchase?”
Are you speaking of “Miss Louisiana Purchase” -Louisiana Democrat Senator Mary Landrieu who sold her healthcare vote to Obama?
Rock commented:
SLDAV yes, but I prefer another far more disparaging description.
Larkin commented:
Is this or is this not the most moronic administration EVER?
.
.
This isn’t the Carter administration again. This is ten time worse!