Posted by admin | Posted in Politics | Posted on 27-02-2015-05-2008
Sen. Chuck Grassley was at the heart of the development of Obamacare, and one of his key staff members from that time
“The doomsday scenario could materialize, and it does impact everyone,” said lawyer Christopher Condeluci, who worked for Iowa Republican Charles Grassley on the Senate Finance Committee staff during the law’s drafting. Those affected would include individuals receiving subsidies and those paying the full cost of their plans in states such as Pennsylvania and New Jersey that use the federal exchange.
What’s that doomsday scenario, exactly:
Millions of consumers would likely be unable to afford their policies without subsidies.
Most insurers could not drop plans without giving one to three months’ notice. But the companies remaining in the market would likely seek sharp premium increases for the next year, anticipating that more of the sickest consumers would hold onto their plans. […]
“It’s not the subsidy market that will fall apart, it’s the whole market” for everyone who doesn’t get job-based insurance coverage, said Robert Laszewski, an insurance industry consultant who is no fan of the health law. “There will be millions of Republicans who are not subsidy-eligible who are also going to get screwed.”
Again, that’s another Republican who doesn’t like the law and sees impending doom for millions. Millions of Republicans. Who will be pissed at their elected Republican leaders for allowing this to happen.