Politics
Insurers Nervous Over Prospect Of Romney’s Victory
You’d think health insurance CEOs would be chilling the bubbly with Republican Mitt Romney’s improved election prospects, but instead they’re in a quandary.
Although the industry hates parts of President Barack Obama’s health care law, major outfits such as UnitedHealth Group and BlueCross Blue Shield also stand to rake in billions of dollars from new customers who’ll get health insurance under the law. The companies already have invested tens of millions to carry it out.
Were Romney elected, insurers would be in for months of uncertainty as his administration gets used to Washington and tries to make good on his promise repeal Obama’s law. Simultaneously, federal and state bureaucrats and the health care industry would face a rush of legal deadlines for putting into place the major pieces of what Republicans deride as “Obamacare.”
“There are a lot of dollars and a lot of staff time that’s been put into place to make this thing operational,” G. William Hoagland, until recently a Cigna vice president, said of the health care law.
Insurers “are not going to be out there saying, ‘Repeal, repeal, repeal,’” said Hoagland, who oversaw public policy at the health insurance company. “They will probably try to find the particular provisions that cause them heartburn, but not throw the baby out with the bath water.”
Likewise, America’s Health Insurance Plans, the major industry trade group, isn’t talking about what its members are telling the Romney campaign, though informal discussions are under way through intermediaries. Insurers like Romney’s plan to privatize Medicare, and some point out that it looks a lot like Obama’s approach to covering the uninsured.
Robert Laszewski, an industry consultant and blogger, says the tension is becoming unbearable.
“I spend a lot of time in executive offices and board rooms, and they are good Republicans who would like to see Romney win,” said Laszewski. “But they are scared to death about what he’s going to do.”
There is no consensus among Republicans in Congress on how to replace Obama’s law, much less anything like a bipartisan middle ground on health care, a necessity if the House retains its GOP majority and the Senate remains in Democratic hands.
In contrast, Obama’s law is starting to look more and more like a tangible business opportunity. In a little over a year, some 30 million uninsured people will start getting coverage through a mix of subsidized private insurance for middle-class households and expanded Medicaid for low-income people. Many of the new Medicaid recipients would get signed up in commercial managed care companies.
A recent PricewaterhouseCoopers study estimated the new markets would be worth $50 billion to $60 billion in premiums in 2014, and as much as $230 billion annually within seven years.
“I think it’s limited what they’ll be able to accomplish in terms of repeal,” said Coffina. “We have to remember that Romney implemented very similar legislation” as governor of Massachusetts.
If Romney wins he’s more likely to reduce the scope and scale of the law, Coffina added. Possibilities include delaying all or parts of the new coverage, particularly a Medicaid expansion that GOP governors don’t like.
The industry has three items in particular it wants stripped out: cuts to Medicare Advantage private insurance plans; a requirement that insurers spend 80 percent of premiums on medical care or rebate the difference to their customers; and new taxes on insurance companies. But CEOs don’t share the visceral objection that many Republicans have to a bigger government role in health care.
Industry executives “are Republicans in the sense that they’re worried about the bottom line and they want to retain private sector involvement,” said Hoagland, the former Cigna vice president. “But some of their bottom line is now driven by Medicare and Medicaid. So it’s not like they’re red or blue. It’s more like purple.”
Islamic leaders in Rivers State have blamed the underdevelopment and high level of poverty in Nigeria on greed and bad leadership.
They also called for an end to the lingering political crisis in Rivers State.
The Islamic clerics who spoke to newsmen at the just concluded Eidel Fitri prayers at the Port Harcourt Central Mosque, Niger Street, regretted the high level of poverty in the country inspite of the country’s enormous resources.
The Vice President-General of the Nigerian Supreme Council For Islamic Affairs, Alhaji Awelegbe Uhor, condemned the lingering political crisis in the state, adding that, if not checked, the situation could derail development efforts.
Alhaji Uhor also stressed the need for the various political parties in the state to work with Governor Siminalaye Fubara to move the state foreward.
He said Governor Fubara meant well for the state, adding that Rivers Moslems were beneficiaries of the policies and programmes of the current administration in the state.
Alhaji Uhor, who blamed the ravaging poverty in the country on greed, noted Nigeria has enough resources to make every body rich in the country.
He also said that Nigeria did not need to vote for any president based on religion, adding that moslems and Christians had been ruling the country since independence and the situation had not changed.
Also speaking the leader of Rivers state Moslems, Alhaji Suleiman Akani, warned that Rivers Moslems would not tolerate any impeachment against Governor Fubara.
Alhaji Akani described Governor Fubara as one of the most Moslems friendly governor since the inception of the state.
He said the governor had not neglected the moslems community since the inception of his administration, stressing that some Moslem umars have been sponsored for pilgrimage by the administration.
According to him, “Apart from Odili, this is the most Moslems friendly governor.
We moslems have benefitted so much from the present administration in the state.”
On his part, the Chief Imam of the Port Harcourt Central Mosque, Alhaji Abdul Malik Yahaya, called on Nigerians to cultivate the virtue of love for one another, stressing that the message of Salah was about love for one another.
He also called on Moslems to show love, not only to fellow Moslems alone, but to people of other faith as well.
Meanwhile the sole Administrator of the Rivers State Moslem Pilgrims welfare Board, Alhaji Abdul Rasaq Diepriye, has commended Governor Fubara for being the first governor in the country to sponsor Moslems to the Haj.
He said that it was the first time in several years that Rivers Moslems had felt a sense of belonging.
Alhaji Diepriye assured of the continuous support of the Moslem community to the administration.
By: John Bibor
A Chieftain of the Peoples Democratic Party (PDP), in Opobo/ Nkoro Local Government Area, Warisenibo Tonye Fubara, has described Governor Siminalayi Fubara, his deputy, Prof Ngozi Odu and Chief of Staff, Government House, Port Harcourt, Rt. Hon Edison Ehie, as leaders with unbeatable transformational agenda.
Speaking with newsmen recently in Port Harcourt, Warisenibo Fubara said that they are astute, patriotic and typify leaders with quality mindset Nigerians, especially Rivers people yearn for, as far as purposeful, profit oriented and development -innovative governance is concerned.
He said: “Insecurity, political crisis, hunger and marginalization have become a cankerworms that have eaten deep into the fabrics of the oil and gas -rich state, in particular and the country in general.
He maintained that since Governor Siminalayi Fubara took over the mantle of leadership of the state in May, last year, till now, there has been relative peace across the state, noting that the political crisis in the state orchestrated by some mischief makers and greedy politicians was regrettable.
Warisenibo Fubara, a grassroot mobiliser in Opobo/Nkoro Ward 5, further hailed Governor Siminalayi Fubara, his Deputy, Prof. Ngozi Odu and the Chief of Staff, Government House, Rt. Hon. Edison Ehie for successfully triumphing over dictatorial leadership, describing them as “development pathfinders of our generation.”
He pointed out that Governor Fubara and his team were committed in the task of governing the state in the best interest of the state and its people, not minding the negative and unproductive distractions of those who do not wish the state and its people well.
Meanwhile, Warisenibo Tonye Fubara has enjoined Rivers people to support Governor Siminalayi Fubara to provide the needed democratic dividends for all and sundry, adding that they should stand their ground to resist any attempt by the Rt. Hon. Martins Amaewhule -led Rivers State House of Assembly who threatened to impeach the Governor for vain glory and selfish ambition, without following the rule of law, as to please their pay masters.
By: Bethel Toby
Former Commissioner for Information and Communications in Rivers State, Mrs Ibim Semenitari, has challenged the Chairman, Caretaker Committee of the All Progressives Congress ( APC) in Rivers State, Chief Tony Okocha, to show proof that Governor Siminalaye Fubara is funding the thanksgiving services being held across the 23 local government areas in the state by the Simplified Movement.
Mrs Semenitari who said this during the thanksgiving service organized by the Okrika Local Government Area chapter of the Simplified Movement explained that the event was sponsored by simple people from the local government areas who are happy with the Supreme Court’s affirmation of the election victory of the governor.
She said what Rivers people should focus on his good governance, adding that Governor Fubara had shown commitment to keeping to his promises to Rivers people.
“The Rivers State Government is not spending a dime. I challenge him (Okocha) to bring out proof of Rivers State Government funding the thanksgiving service. It is a simple event funded by simple people”, she said.
Mrs Semenitari, who was also a one time Sole Administrator of the Niger Delta Development Commission (NDDC), said the occasion was an opportunity for Rivers people to show appreciation to God for what He had done in Rivers State.
‘It is an opportunity to say to God, we are grateful; that we are grateful to God for the victory without rancour; we are grateful that we have the opportunity to celebrate a Governor who had a peaceful disposition. But beyond that, also a prayer by Rivers people that we are tired, we don’t want any more crisis.
“We want our state to progress. We have a Governor who is committed to driving development across every local government area. For us, that is what matters” she said.
By: John Bibor
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