Sunday, November 10, 2013

Another Runaway Roaring Down the ObamaCare Tunnel

 

 

"If the Obama administration thinks it has its hands full trying to create an effective system for enrolling participants, as the saying goes, "They ain't seen nuthin' yet."  Anyone with experience in the health care market can tell you that a far bigger problem than program enrollment or even delivery of services is billing and collections.

 

 

Many of the very people whom ObamaCare was designed to insure are the very poor, and those folks share a common cultural trait that is going to guarantee that difficulty: they don't use banks, and most can't get credit cards.  Since virtually all health insurance billing and premium collection are done either by bank check or electronic transfer through a bank checking or credit card account, an administrative cost-saver for insurers, how are these folks going to make their payments?"     [Russ Vaughn]

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