Geez! It just keeps getting better ... The IRS has announced that it will be writing the regulations to implement the excise tax on health insurors, which will cost those entities about $8 billion in 2014, and about $11 billion in 2015. They are trying to write the regulation in such a way that the health insurors will be limited in recouping this additional tax from the insureds. Fat chance of that being the ultimate reality.
To write the reg that way is like saying: "We're going to take some of your profit, and you're not allowed to charge any more for your product; you just have to suck it up because the govt needs the money for Obamacare more than you need that profit. You have no right to have such a big profit. People have a right to health care."
I think there might be another lawsuit lurking there. The govt has a right to levy a tax, (as SCOTUS declared), but do they have a right to tell the insurors how much profit they can make?
No question that there are few people who have any love lost for the insurance companies, but if the govt can do this to one type of company, can't they carry the premise further. For example, require auto makers to improve mileage, but not allow them to pass along their extra costs to the consumer? Was the same restriction put on the medical device companies for their excise tax?
Of course, if the insurors go broke, or leave the health care insurance business, that brings single-payer closer to reality. Then single-provider (as in UK) ... and then wait 50 years for that system to develop the leaks it's developing now in the UK.