Friday, November 22, 2013

What's the rush?

Or to put it another way, "if you like your accounting rules, you can keep your accounting rules."

Or maybe not.

As we've been saying, the train-wreck and the "Keep Your Policy" debacle are only the two most visible manifestations of the ObamaTax. Here's another (or three) to keep you up at night.

Remember the other day, when we noted that Ms Shecantbeserious and her crew still hadn't finished building the website? Well, they also haven't quite gotten around to figuring out the various ObamaTax accounting rules:

"Insurance regulators are just starting to figure out the accounting rules for a core Patient Protection and Affordable Care Act component – a collection of three PPACA risk management programs."

Yes, you read that right - three (3) rules that involve hundreds of millions of your dollars, slated to be shoveled into the hungry maws of insurance carriers as they try to figure out who's paying for what. Two of them are supposed to be temporary [ed: suuuure], the other's supposed to provide a sort of insurance backstop for carriers who get stuck with more than their fair share of "undesirables" (that would be anyone who actually buys an ObamaPlan, methinks).

Topping it all off, the agency responsible for providing guidance on these rules hasn't.

I'm beginning to suspect that this whole program may not be well thought out.
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