As you review this latest revelation, think about the profound irony/hypocrisy behind an administration so heavy with regulation upon business, banking and economic sector activity – that now advocates for the entire financial reimbursement network behind the Healthcare system to run on “estimations”, “probabilities” and the “honor system”.
Why? Because this is a politically needed solution. Not policy, POLITICS.
President Obama administration and HHS have no structural way established to track the financing and payments within the ObamaCare system. So their solution is to let the insurance companies “estimate” how much coverage costs, taxpayers will then give them a check for that amount, and then later -at some undisclosed time- they’ll “try” and reconcile the books. It’s the “honor system”.
Gee, what could possibly go wrong.
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