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Hoisting, Petards etc
Message
From
16/12/2013 17:38:14
John Ryan
Captain-Cooker Appreciation Society
Taumata Whakatangi ..., New Zealand
 
 
General information
Forum:
News
Category:
International
Miscellaneous
Thread ID:
01589629
Message ID:
01590430
Views:
41
>>That grandfather clause was NEVER mentioned in the 30+ times that he made blanket promises.

I'm asking you: what do you suppose is the purpose of the grandfather clause?

I have asserted that the only logical purpose is so that people can keep their policy if they like it. At least for a while. My pick is that by end of 2014, the expectation is that those who chose to keep their policy will discover that the sky has not fallen for everybody else and in fact that they can do better.

IOW no lie here, just an unexpected behavior by insurers.

As for insurers: easy to poke the bone at them, but last week I heard that insurers canceled some policies to seed the exchanges to help them succeed. The great fear is that the exchanges will become an arena for expensive or otherwise uninsurables and that the profitable policies needed for any insurance scheme to succeed, might not eventuate. The addition of a few hundred thousand people many of whom we are told had wonderful policies, certainly will not hurt the exchanges.

Did you see >quarter of a million enrollments in November with the daily numbers ramping up hard this month? Looks like things are coming right as we both predicted.

Have you reviewed the latest website? Now you can review policies without having to register. The system is quite good at predicting possible tax incentives or other financial assistance, including relatively inexpensive policies for those who are confident enough to accept higher deductibles. Families of three on average household income, costing $320/month after the tax incentive? Not too shabby.
"... They ne'er cared for us
yet: suffer us to famish, and their store-houses
crammed with grain; make edicts for usury, to
support usurers; repeal daily any wholesome act
established against the rich, and provide more
piercing statutes daily, to chain up and restrain
the poor. If the wars eat us not up, they will; and
there's all the love they bear us.
"
-- Shakespeare: Coriolanus, Act 1, scene 1
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