In other words, higher premiums for the responsible people.
Humana says Obamacare enrollee mix 'worse than expected' ".......Just about everything the administration has done with Obamacare so far encourages the old and sick to sign up while making it easy for the young and healthy to avoid buying insurance. What did they expect?
Health insurer Humana Inc said on Thursday that it projected its enrollment mix in private plans through the exchanges created by President Barack Obama's healthcare law will be, "more adverse than previously expected."
Humana attributed the enrollment trend to regulatory changes allowing people to remain in previously existing plans not sold on the exchanges. Obama proposed allowing insurers to keep selling plans that did not comply with the Affordable Care Act after political fallout that he was not keeping his promise that people can keep insurance plans if they like them.
Humana released its projections in a U.S. securities filing ahead of meetings next week with investors and analysts. Despite the negative projections about the exchange enrollment, Humana backed its 2014 earnings forecast of $7.25 to $7.75 per share.
The company, one of the largest providers of Medicare plans for the elderly, expected higher membership gains in its Medicare Advantage and Medicare prescription drug plans in 2014, following the enrollment period for Medicare.
No wonder we haven't heard squat from the administration about the breakdown between sick and healthy enrollees. For them, no news means that the bad news doesn't exist. Eventually, they'll get around to giving us the numbers - probably late, Friday afternoon on Super Bowl weekend......."
The reality is this. July and August will come this year, with the new 2015 rates to be published. Everyone will get this in the mail, and go berserk because it’s another twenty to forty percent more than this year, and this year was already a hefty jump up. Most everyone thought the rates would stabilize and at least stay the same for two or three years.
By September....questions will arise by the public. The news media will be in a tight position. Bad news, pointed questions, and an election period in November. What can they say or avoid saying?
But here’s the kicker. You wake up in January of 2015, and realize that you are now paying around $950 a month for family insurance, and you still have a $6000 a year deductible. So it’s roughly eighteen thousand dollars that you need to lay out possibly for health costs. What idiot will accept that? You could buy a car every single year for that. In ten years, you could buy a decent property in most rural areas of America, with a shed, barn, and twenty acres.
If you ask me....it gets bad late in 2014, but really negative by the spring of 2015 as folks wake up and realize cost never stopped spiraling upward.
Go back and look at the Roosevelt era of the 1930s and all the mistakes he made. Things look awful familiar.
The economy is causing crime rates to go up. That means homeowner’s and auto insurance rates will be going up, too. Food and other goods have and will continue to go up. It’s gonna’ get badder and badder. (I know that’s not a word.)
In other words the death spiral....this number when it comes out will cause those red state dems to flee in mass..
Healthy young people will simply not enroll, driving premiums even higher.