September 30, 2009 / by emptywheel

 

Jay Rock Demands 90%

This is delectable politics. Fresh off a meeting with Ob-Rahma, Jay Rock has come back to the Senate and demanded 90% loss ratio for any coverage the subsidies pay for. "Loss ratio" is insurance-speak for what they actually have to spend providing actual health care. That means the insurance companies can’t steal 20% of our tax dollars to pay for executive salaries. They get 10%.

They’re peeing their pants right now.

But I suspect Jay Rock has offered this as an outcome of his meeting with Ob-Rahma. I’m sure at that meeting they said, "Jello Jay, We’d like you to pitch other ways to save money. We’d like to come up with a way to keep costs down."

And voila!!! 90%!!! Insurance companies have to actually provide health care without gobs of executive subsidies. We’re actually going to demand a certain amount of health care in exchange for the half trillion MaxTax!!!

After Max Tax and Blanche vote it down, it will be crystal clear this is about profits profits profits. 

I don’t know whether Ob-Rahma will pull their head out of Jay Rock’s amendment. 

But I do know this. Jay Rock is intent on fucking with the narrative that MaxTax and Rahm are intent on spinning. If we do our jobs, it’ll be clear why they’re rejecting common sense ways to deliver health care at lower costs and instead are just interested in subsidizing the insurance companies. 

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Originally Posted @ https://www.emptywheel.net/2009/09/30/jay-rock-demands-90/