Tag Archives: insurance

Lockheed Martin announces they will either give a full refund or refly a payload for free if their Atlas rocket fails at launch.

The competition heats up: Lockheed Martin announced on Wednesday that they will either give a full refund or re-fly a payload for free if their Atlas rocket fails at launch.

This means that Lockheed Martin’s customers will no longer have to shop or pay for insurance. Instead, the company is providing it for them free, thus lowering the cost for those customers.

According to insurance executives, the White House is threatening them with “retribution” if they don’t keep silent about the problems Obamacare is causing them.

Fascist thugs: According to insurance executives, the White House is threatening them with “retribution” if they don’t keep silent about the problems Obamacare is causing them.

“What is going on is a behind-the-scenes attempt by the White House to at least keep insurers from publicly criticizing what is happening on this Affordable Care Act rollout,” reports Andrew Griffin of CNN. ”Basically, if you speak out, if you are quoted, you’re going to get a call from the White House, pressure to be quiet.”

According to Griffin’s sources, Bob Laszewski of Health Policy and Strategy Associates – a prominent consultant for insurance companies with a history of criticizing ObamaCare – says he’s getting calls from the executives he works with, asking him to speak out on their behalf, “because they feel defenseless against the White House PR team.”

Laszewski told Griffin, “The White House is exerting massive pressure on the industry, including the trade associations, to keep quiet.” Industry sources confirmed “they fear White House retribution.”

Because of Obamacare, child-only health plans have been discontinued nationwide.

Repeal it: Because of Obamacare, insurance companies nationwide have stopped offering child-only health plans.

Jared Wolfe, executive director of the Texas Association of Health Plans, said it is not because insurers do not want to cover children. The federal health care overhaul [Obamacare], and in particular the pre-existing condition language, has been interpreted to mean that insurers must write a policy for any child who applies, Mr. Wolfe said. That effectively ensures that only sick children will apply for benefits, he said — an unworkable financial scenario for insurance companies.

This happened in New York state back in the 1990s. The state legislature decided to help everyone by mandating that no insurance company could deny insurance to anyone, no matter how sick they were. The result: there was no point buying insurance until you were sick, which meant there was no way the insurance companies could make any profit at all. Instantly the insurance field shrunk, with many companies (including my own) abandoning the state.

But then, who cares? We live in amazing times, when a President can simply order — on his personal authority and without any basis in law — that insurance companies must provide free contraceptives, without anyone having to pay for their manufacture. Who knew what things were possible before Obama was President?