ObamaCare coverage options disappearing across country, report finds

Fox News ^ | August 29, 2016

[Olog-hai]

Nearly a third of U.S. counties will be left with just one insurance option next year on the ObamaCare exchanges, according to a new analysis fueling warnings about the impact of the insurance company exodus from markets across the country.

The Kaiser Family Foundation study found residents in Pinal County, Ariz., are even at risk of having no insurance options on the exchanges, which provide subsidized plans. Republicans seized on the report Monday to claim that the health care overhaul is not providing the choices promised by President Obama and others. […]

The Kaiser Family Foundation study found that overall, 31 percent of counties will have just a single insurance option within the Affordable Care Act exchanges. That’s up from 7 percent this year — and underscores a problem many analysts have been warning about for years. Further, about six in 10 counties could have two or fewer marketplace insurers in 2017, with the “bulk of the increase in single-insurer counties” the result of UnitedHealth Group’s exit, the study, released Sunday, reveals. …

[Gene Eric]

Paying $18k/annual for the family. I’m hoping to set aside $12k for a catastrophic plan where the premium drops significantly. Nonetheless, it’s extortion.

[Cronos]

This is understandable. The idea of insurance is that the healthy subsidise the sick. That's the only way to make it affordable.

And the way it works is that no one can (right now) predict how ill you would get, so if you start paying for insurance at the age of 25, the % of those falling sick in each age-time-period can be predicted by actuaries.

Obamacare fails in that mainly the sick apply for insurance and the insurance companies are mandated to offer insurance only at a certain amount.

The next logical (And I know most people will hate this) step is a single-payer, meaning everyone has to start paying Insurance from age x, so a cut from a paycheck to pay the insurance. I'm not saying I like this, I'm just saying that this is the only way to make insurance for all work. Backing down from Obamacare would be politically difficult.