Lynn Swearingen (c) copyright 2010 ALL RIGHTS RESERVED

As we discussed in August and later in September, the enormity of the Health Care debacle is finally being realized by the Insurance Companies. Perhaps they did have some notion of the rising prices to come although with the transparency of all Government at this point, the Taxpayer will never know.

Today it is reported in the New York Times that the Obama Administration will allow insurers to raise fees for sick children (I’m sure it is still the prior administrations fault):

The Obama administration, aiming to encourage health insurance companies to offer child-only policies, said Wednesday that they could charge higher premiums for coverage of children with serious medical problems, if state law allowed it.

and then:

Now, on Wednesday, the administration, answering a question raised by many insurers, said they could charge higher premiums to sick children outside the open-enrollment period, if state laws allowed such underwriting, as many do.

Insurers “can adjust their rates based on health status until 2014, to the extent state law allows,” said Jay Angoff, director of the Office of Consumer Information and Insurance Oversight at the Department of Health and Human Services.

We also hear that at least one insurer has decided to allow customers rates to triple.

In the letter, Regence told Nilssen his $532 monthly premium could nearly triple next year.

“I just sat back and said you’ve got to be kidding me,” he said.

“If they’re angry and confused – it’s easy to understand,” said Washington Insurance Commissioner Mike Kreidler, who has fielded more than 100 angry calls since Regence mailed its letter two weeks ago.

Kreidler says the letter makes it appear that healthcare reform is to blame, when in truth Regence has made a huge policy change that makes premiums for children much more expensive.

Reading has continued on the bill and we now find out that over 15,000 over the counter medications will require a Doctor’s visit to receive a permission slip to use your own money you have set aside. One will still be able to purchase OTC’s, but not Tax free unless one spends additional funds to travel to their Physician thus incurring additional cost.

Under Obamacare, OTC drugs cannot be reimbursed tax-free from Health Savings Accounts (HSAs) or Flexible Spending Accounts (FSAs) without a government bureaucrat-required permission slip.

The estimated cost to consumers? 5 Billion dollars. What type of medications? A partial list from the article above is taken from this Special Interest Groups pdf.

Acid Controllers
Allergy and Sinus medicine
Anti-Gas Products
Anti-Itch and Insect Bite
Anti-Parasitic Treatments
Baby Rash Ointments/Creams
Cold Sore Remedies
Cough, Cold, and Flu
Digestive Aids
Motion Sickness
Pain Relievers
Respiratory Treatments
Stomach Remedies

The remaining list will apparently be released December 15th, 2010. One notes that anti-biotic laced band-aids are still being classified as Band Aids and every little scratch won’t require the Administrations approval to treat. Thank you Congress for that scrap of decency.

Of course pushing the blame onto someone else (i.e. Insurers and States) is par for the course for this administration. With the Bailout of the Teachers Union (which interestingly enough did nothing to decrease job numbers last month), QE2 on the horizon and Incumbents scrambling to distance themselves from the current administration – one wonders why there is not a Federal “3 strikes you’re out” Law.

Thank goodness the Recession has been declared “over”, jobs numbers are still less bad (although less bad than what we all wonder) and inflation is rising – the last of which apparently the Fed thinks is not such a bad idea as reported in the Wall Street Journal last week.

Otherwise the cold sore medication that the American Public is going to need from biting their lips to keep from screaming at the atrocities being committed would be out of our financial reach.