A recent opinion piece by a Fox News analyst provides some insight into the cancellation of health insurance policies as the Affordable Care Act (a/k/a Obamacare) goes into effect. He shares our view that pre-ACA, health insurers and their CEOs "made money by finding any excuse, any loophole to deny coverage to the sickest and most vulnerable people in our society." He points out that CEO pay at some of these insurers tops $36 million. We previously reported on how many health insurance company executives make more in a day than most Americans do in a year.
The Fox News analyst blames insurance companies for the cancellations, arguing that the insurers were providing inadequate care. He makes several good analogies about how regulation, including regulation of insurance companies under the ACA, make us all safer:
You should be blaming your insurance company because they have not been providing you with coverage that meets the minimum basic standards for health care.
Let me put it more bluntly: your insurance companies have been taking advantage of you and the Affordable Care Act puts in place consumer protection and tells them to stop abusing people.
The government did not “force” insurance companies to cancel their own substandard policies.The insurance companies chose to do that rather than do what is right and bring the policies up to code.
This would be like saying the government “forces” chemical companies to dispose of toxic waste safely rather than dumping it in the river.
Or the government “forces” people to drive with intact windshields and working brake lights.
How dare they “force” drivers to pay money to get those things fixed if they are broken?
If you are rushed to the hospital in an ambulance, the ACA says your insurance company has to pay for the ambulance ride.
If your son or daughter has a bout with depression or suffers from panic attacks, the ACA says your insurance company needs to pay for their medicine and treatment from a mental health professional.
People should be angry that their insurance companies were not paying for these humane, common sense benefits all along.
It baffles me that people are directing their anger at the ACA which rights these terrible wrongs.
I think it's safe to safe that Fox News is generally regarded as a pro-business, anti-regulation news outlet. So when Fox News is accusing an industry of profiteering on the backs of ordinary Americans, you know they're doing something wrong.