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Obamacare Architect Ezekiel Emanuel: Individual Health Insurance Market Is Going Away
For insurance agents following the move everyone out of group insurance and into tax-free individual health insurance model, please take a minute to review the following article and corresponding YouTube video. Dr. Ezekiel Emanuel (Rahm Emanuel’s brother) addresses the future of the individual health insurance market. The reason it’s “going away” is because of the Affordable Care Act mandate to guarantee issue individual policies to people with preexisting conditions. It’s no longer a viable market for the carriers; and it’s no longer a viable business model for insurance agents.
Gene C Ennis
Individual Health Insurance Market Is Going Away — Obamacare Architecht
(Slide forward to about 4.5 to 5 minutes for the start of the “Indivdual Insurance Market Going Away” segment. )
By: Emily Hulsey
In an interview with Fox News, he said:
“Insurance companies don’t want, insurance companies don’t want the individual market as it’s constructed. They see the future. That individual market is going away. They don’t want to invest in it.”
When Dr. Emanuel and his team were drafting the Affordable Care Act, one of the biggest assumptions they made was that the subsidized prices on the exchanges would drive competition and encourage insurance companies to lower their prices for individual insurance. Instead, insurance companies are abandoning the individual insurance market altogether.
Insurance companies see the individual market as a bad investment; they can’t make money from it. And now that they’ve begun moving away from selling individual plans, we are already seeing millions of casualties , those whose plans have been canceled and who now have no choice but to “shop” for insurance from the limited options on the government marketplace.
You Might Be Interested in: Megyn Kelly Debates Dr. ‘Death Panels’ Zeke Emanuel on ObamaCare
Megyn Kelly interviewed a key ObamaCare architect Zeke Emanuel over the disastrous Healthcare.gov rollout, the substandard sign-up numbers, and why so many people are losing their plans…
SNL memorializes the “catastrophic” healthcare roll-out:
See the full SNL skit: Katherine Sebelius Obamacare Website (full)
And see:
Obamacare Rollout Disaster – Dr. Ezekiel Emanuel v. Megyn Kelly – Round 2 – 11-13-13