Existing Policies Turned GI?

[ins.dave]

I don't know where I'm going with this, but I wonder if they did implement GI and in doing so put us out of the indie health game, whether or not existing policies would be adjusted.
Contingent upon the aforementioned of course, but I would think not. I also do not believe that ins. companies would even bother trying to sell plans at 50 to over 100% of their current costs. I think they would just stop accepting new business and begin a gradual phase out, wind down lay off process. Perhaps hoping, perhaps not that a public outcry would prompt "amendments?"
Unless they rig this as irreversable, which nothing is, it can all be changed via an election before the proposed changes are scheduled to begin anyway.
Thoughts?

 

[bluemarlin08]

I thought, perhaps incorrectly, once it became law it would be almost impossible to change.

 

[TXINSURANCE]

I wonder if they did implement GI and in doing so put us out of the indie health game, whether or not existing policies would be adjusted.

No.

You can not modify a contract as such.

The consumer can however cancel and reapply for a GI plan (in 2014) that has federal subsidies courtesy of loans from China.

 

[Winter_123]

I thought, perhaps incorrectly, once it became law it would be almost impossible to change.

"Almost impossible" is relative, based on certain assumptions at a certain point in time. There are a bunch of procedures in the Senate that would require a 60-vote fillibuster proof majority to open an issue up again or get a new issue out on to the floor. That 60-vote majority is in rough shape right as we speak based on changes in Connecticut, North Dakota, and at-risk seats in Arkansas, CA, etc. And....ohhh.....yes........let us not forget the Holy Grail......Massachusetts.

And then the House is a whole nuther can of worms.

And then, as discussed, there is a major, major issue for the dems in that many whill retain their seats but have to continue shifting to the right to do so.

If the composition of the Senate and House did not change, it would be true to say that proposed "health reforms" would be almost impossilble to change. It is however changing daily, or at least the outlook is.

And then of course nothing has passed to even need to be changed yet.

Fogive me Father for I have sinned. I have failed to mention Harry Reid. Harry "Toast" Reid. Light-skinned Harry is about to get a whole lot darker.

The dems, behind closed doors, put a provision in the bill saying that a future Congress could not change it. That is unconstitutional and no serious person on the left or right thinks that congress can bind a future congress so that piece is bogus. Lot of funky things going on behind closed doors though.

Change you can believe in.

 

[scagnt83]

No.

You can not modify a contract as such.

The consumer can however cancel and reapply for a GI plan (in 2014) that has federal subsidies courtesy of loans from China.

I dont know about this. Health Insurance Contracts are more along the lines of a "yearly/bi-yearly renewable" contract; meaning that it locks in for a year (or two) but at the end of that year they can change the terms of the contract, cancel the product, raise rates, or deny your renewal depending on the policy, etc. Some are Guaranteed renewable (is this a state specific thing or product specific??), but they can still usually change the terms of the contract at renewal time for a guaranteed renewable product....