ObamaCare: Crony Capitalists Collect Waivers

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machinehead
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ObamaCare: Crony Capitalists Collect Waivers

Unbelievable: already, crony capitalists are collecting waivers from having to provide mandated coverage. Got a good lobbyist, or a compliant KongressKlown? Get in on the latest LooterFest!

As Obama administration officials put into place the first major wave of changes under the health care legislation, they have tried to defuse stiffening resistance — from companies like McDonald’s and some insurers — by granting dozens of waivers to maintain even minimal coverage far below the new law’s standards.

The waivers issued so far include the policies offered by McDonald’s to its fast-food workers, typically capped at just a few thousand dollars, sold by a profit-making company owned by Blue Cross and Blue Shield plans. As a result of the administration’s efforts, McDonald’s says it is “confident that we’ll continue to provide health care coverage for our 30,000 hourly restaurant employees.”

Aetna and Cigna have also received waivers to continue selling limited-benefit policies, according to the list released by the Department of Health and Human Services, as have small employers like Sanderson Plumbing Products and Guy C. Lee Manufacturing. HealthMarkets, which offers policies through MEGA Life and Health and other insurers, says it also plans to apply for a waiver for some of its plans.

Policy experts say much of the authority to enforce the new law rests with the states, and they say the federal government may have little ultimate control over whether insurers will keep offering coverage in specific markets.

http://www.nytimes.com/2010/10/07/business/07insure.html?pagewanted=1&_r=1&hp

This is real Chicago-style crony capitalism: legislate universal rules, then provide a million loopholes and waivers to grease the palms of the politically connected. 

No wonder a majority of the American public wants to repeal this pig-in-a-poke, as well as delivering a steel-toed kick in the groin at the polls to the racketeers who wrote and passed it.

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