Update: Sunday Chatter: Kent Conrad (D-ND) and Sebelius both back off public option: the Federally funded co-op is now the term of choice…(and with Federal Funds it will still kill private insurance)

Update: Monday 8/17: Just like the Clash, Team TOTUS is unsure if they should stay or go on public option lol, they are releasing spin via Ambinder (who failed to get their ‘townhalls folks are hurting the GOP side’ meme to take effect, but not for lack of trying on his part, lol), that Sebelius ‘misspoke’, then another WH aide, off record OF COURSE! said no she didn’t misspeak, the MEDIA misrepresented what she said..uhm yeah okay go with that…YOU CANNOT TRUST ANYTHING THESE GUYS SAY PEEPS…GET IT IN WRITING BIG PHARMA, Dumb bunnies…..

An administration official told Marc Ambinder that HHS Secretary Kathleen Sebelius “misspoke” when she told CNN that a government run health insurance option “is not an essential part” of reform.

“This official asked not to be identified in exchange for providing clarity about the intentions of the President. The official said that the White House did not intend to change its messaging and that Sebelius simply meant to echo the president, who has acknowledged that the public option is a tough sell in the Senate and is, at the same time, a must-pass for House Democrats, and is not, in the president’s view, the most important element of the reform package.

See you at the RECESS RALLY!!!!

And it means nothing because we can trust them about 1/4 as far as we can throw them, although I think I could throw them pretty far….especially if we started with Jaeger shots…(just sayin’)….but it is a sign of cracks in the facade of happy changey hopey dopey land….

Conrad has been pushing co-op but FEDERALLY FUNDED so it is in effect a frakkin PUBLIC OPTION…maroons…

If they want small groups to be able to pool risk and premiums go with Multiple Employer Trusts which I used to process claims for in TX, this way small business gets group rates, NO PUBLIC MONEY REQUIRED….

Free interstate insurance commerce from Federal red tape! ….geez it would be simple were they not trying to Trojan Horse a single payer plan through wouldn’t it? Wyden-Bennett would work….but NO CO-OP GOVT PLAN BY ANOTHER NAME…frakkers…

TheHill:

A public health insurance option took more hits Sunday as Sen. Kent Conrad described its pursuit as a “wasted effort” and an administration official said it is not an “essential” part of reform.

Conrad (D-N.D.), who supports setting up health insurance co-operatives with government seed money to compete with private insurers, described the public option as all but a lost cause.

“Look, the fact of the matter is there are not the votes in the U.S. Senate for the public option, there never have been,” Conrad said in an interview on “Fox News Sunday with Chris Wallace.”  “So to continue to chase that rabbit is, I think, a wasted effort,” Conrad said.

His comments followed Health and Human Services Secretary Kathleen Sebelius’s remark that a public option is “not the essential element” to ensure competition in the health insurance market. Sebelius made the remark on CNN’s “State of the Union,” according to a report in the Associated Press….

Gee, TOTUS has been saying ad nauseum that the public option IS necessary to do just that, ensure competition. On which I call BS…

Question, if there is no yearly or lifetime claims max on people and you cannot pre-ex them or drop their coverage, how can you possibly have enough cash reserves from premiums and ROI (return on investments) to cover pending and potential future claims?

(more…)

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August 16, 2009. Tags: , , , , , , , , , , , , . Economy, Finance, Healthcare, Obama Administration, Politics. 2 comments.

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