Wednesday was the deadline. Because he didn’t get a response in his request for more time, Hudgens said, he was left “with no viable option’’ but to approve the premiums submitted by health insurers.
Georgia was the only state that asked for a 30-day extension to continue to analyze the rate increases. Hudgens said he wanted Health and Human Services Secretary Kathleen Sebelius to review the Georgia premiums as well.
“Although not surprised, I am disappointed in the unresponsiveness of the Obama administration,’’ Hudgens said in a statement. “Obamacare will inflict substantially higher health insurance costs on Georgia consumers.’’
Mr. Hudgeons comment prompted this reaction from Cindy Zeldin.
Cindy Zeldin of the group Georgians for a Healthy Future told GHN on Thursday that the current insurance rates in the state don’t reflect coverage for unhealthy people, who are now denied insurance or are given prices that are unaffordable.
Those currently insured on the individual market, she said, “are the only ones the insurance companies want to cover.’’
Well Cindy, that response makes as much sense as saying mortgage loan rates only reflect interest rates on individuals where banks are willing to approve a loan.
And if you think prices now are unaffordable you will not like the ones approved by Mr. Hudgeons.
Of course she then follows up with this disclaimer.
The exchange rates also don’t reflect the subsidies that many people will receive so they can afford coverage, Zeldin said. The subsidies could be as high as thousands of dollars annually for some individuals, she added.
You do realize where the subsidies come from, don't you?
This is a massive wealth redistribution plan whereby the federal government takes money by force from productive members of society, medical device companies, health insurance carriers and seniors and then gives that money to people who earn less than 400% of the Federal Poverty Level.
Estimates vary, but some sources say as much as 60% of the population will qualify for a subsidy.
That's an awful lot of people the government considers "poor".
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