Wisconsin: Walker Fights for Health Insurance Corporate Profits!

[Scuba]

State wants to exempt health insurers from 80% rule


..snip..

The state's insurance regulator wants to exempt health insurance companies from the new federal requirement that they spend 80% of premiums on medical care.

In his request, Commissioner Ted Nickel contends that requiring health insurers to spend 80 cents of every dollar on medical care could force some companies to exit the market, potentially harming consumers.

Federal health care reform requires health insurers to spend 80% of premiums on medical care for health plans sold to individuals and
Rep. Jon Richards (D-Milwaukee) was quick to criticize Nickel and Gov. Scott Walker's administration for putting insurance companies' interests ahead of consumers. "During these times when we are trying to reduce health care costs, we should be siding with consumers," Richards said.

..end..

Nickel was appointed to the Commissioner job by Walker in January. Wisconsin has a whole bunch of health insurance companies competing for business (unlike some "closed" States like Maine) and Walker is simply trying to protect his big donors. Again.

You can fight back here...

http://www.unitedwisconsin.com/how-can-i-help-recall-scott-walker

or here...

http://www.wisdems.org/RecallHQ

[liberal N proud]

1. What insurance companies are based in Wisconsin?

I know American Family Insurance is.

Are there others?

[Scuba]

2. Based? Or offering plans? The article names the latter. Don't know the former. n/t

[City Lights]

3. Scut Wanker, a man of the corporations.

He disgusts me.

[smaug]

4. But where will they go?

Huh - where will these poor, persecuted insurance companies go? Appears to me that the 80% is federal mandate.

[sinkingfeeling]

5. Gee, I wonder if Walker & co. would be pleased if they only spent 10% on healthcare and the rest on

advertising and perks?