Insurance Commissioner Sevigny’s “Reinsurance” Plan for Obamacare Isn’t Reinsurance; It’s a Bailout

Health insurers in New Hampshire have requested rate hikes of, in some cases, more than 40 percent for 2018.  In order to mitigate these anticipated increases, Insurance Commissioner Roger Sevigny has proposed what he calls a “reinsurance” program:

a pool of money that carriers in the individual market could dip into as needed. The program would have been primarily funded via a $32 million assessment on all of the insurers operating in New Hampshire, along with some federal money.

Sevigny’s proposal is not reinsurance as that term has been historically understood.

Reinsurance does not require government intervention.  It is a voluntary transaction between private insurers.  An insurance company insures part of the policies it has written with one or more other insurance companies.  The insurance company that wrote the insurance is protecting itself against claims being higher than anticipated.  The insurance companies reinsuring the policies are essentially betting that claims will not be higher than anticipated.

What Sevigny is talking about bears no resemblance to true reinsurance.  He wants to force insurance companies to pay into a government “pool of money” from which he will make payments to Obamacare insurers to cover their losses from Obamacare. Continue reading

Maggie Hassan’s “Bipartisan Health Care Solutions” Are Neither Bipartisan Nor Solutions

New Hampshire’s drive-by Senator Maggie Hassan (whose margin of victory was less than the number allowed to vote without ID) is out with an op-ed on how to “solve” healthcare:

Hassan’s op-ed comes on the heels of the Senate GOP’s failure to pass “skinny repeal” of Obamacare and the news that health insurers in New Hampshire have requested rate hikes of, in some cases, more than 40 percent for 2018.  Hassan’s “solutions,” however, are neither truly bipartisan nor really solutions.  Rather, they would move us further toward single-payer –that is, government-controlled and government-rationed– healthcare. Continue reading

True Bipartisan Compromise on Obamacare is Impossible

RINOpublican Senators Collins, McCain and Murkowski were barely done stabbing the voters who gave the GOP control of the federal government in the back when Senate Minority Leader Cryin Chuck Schumer was bloviatweeting about the need for a “bipartisan” “fix” for the mess that Obamacare has made of healthcare:Schumer’s fixes for Obamacare, however, would move us closer to a “single-payer,” that is Wetsern-European style, government-run healthcare. Continue reading

Chris Sununu Sounds Like and Sides With the Democrats on Obamacare

Earlier this week Governor Chris Sununu released a letter to Senate Majority Leader Mitch McConnell regarding the Senate GOP’s health-care legislation, the Better Care Reconciliation Act, advising that, “the current version of the BCRA goes beyond addressing Obamacare’s flaws. This is not an approach I can support, and I am opposed to the BCRA as currently written.

But when one reads Sununu’s letter it quickly becomes clear that Sununu’s actual problem with the BCRA is that it does not spend as much on Medicaid as Obamacare: Continue reading

NH Democrats Lying About the AHCA (Just Like They Lied About Obamacare)

Democrats lied repeatedly about Obamacare, when they were trying to pass it.  The video below, for example, shows 36 instances when Obama lied about being able to keep your current healthcare plan.  Actually, Obamacare would have forced insurance companies to cancel millions of policies.

He also repeatedly stated that under Obamacare premiums would go down $2,500.00 per family.  Another lie.

Well, the Democrats are using the same tactic -lie- to prevent the repeal and replacing of Obamacare.  From the twitter feed of the New Hampshire Democrats (May 24th):

The statement that the AHCA kicks 23 million off health insurance is a blatant lie. Continue reading

Sununu’s Plan to Replace Obamacare Just More of the Same

From the Associated Press:

CONCORD, N.H. (AP) – New Hampshire Gov. Chris Sununu is asking Congress to give states as much flexibility as possible to design their own health care systems as part of the federal effort to repeal and replace the Affordable Care Act.

“We urge Congress to untie the hands of the States,” the Republican governor wrote in a Wednesday letter to U.S. Senate Majority Leader Mitch McConnell. “Let us have the flexibility to design a New Hampshire system for New Hampshire citizens.”

I attempted to locate the letter, but it is nowhere to be found on Sununu’s official government website.  (So much for New Hampshire having a transparent government).

So based on what the Associated Press has reported, I have to say that Sununu’s plan to replace Obamacare is just more of the same.

In other words, Sununu’s plan, again based on the Associated Press reporting, is to replace Obamacare with Sununucare.  More particularly “design[ing] a New Hampshire system for New Hampshire citizens” means shifting powers from the federal bureaucrats and regulators to State bureaucrats and regulators. Continue reading

Enough With the Revisionist History of Obamacare Medicaid Expansion

Recently, Bryan Gould, writing in #DyingPaper, a.k.a. the Union Leader, argued that conservatives “owe Sen. Forrester their serious consideration in the governor’s race” because she “voted against reauthorizing expanded Medicaid.”

The problem with Gould’s argument is that the vote that really mattered was the vote to authorize expanded Medicaid two years ago.  Indeed, in Gould’s own words: Continue reading