Posted on 10/26/2016 12:07:39 PM PDT by ColdOne
The anchors of CBS This Morning expressed bewilderment on Tuesday at the sharp premium hikes in Obamacare insurance plans, with one asking for an understanding for “why this is happening.”
When Obamacare open enrollment begins in 2017, the cost of mid-level plans will rise by an average of 25 percent in the 39 states served by the federal online exchanges. In addition, major providers like Humana, UnitedHealth, and Aetna have scaled back or dropped out of the Obamacare exchanges, leaving roughly 20 percent of consumers with only one insurer to choose from.
After Charlie Rose read out the report, Norah O’Donnell said, “We need a bigger understanding of why this is happening.”
“We sure do,” Rose said.
(Excerpt) Read more at freebeacon.com ...
Exactly
REALITY DONE GONE AND SLAPPED THEM UPSIDE THE HEAD!...............
They are not dumb. They are sociopathic actors.
1. People couldn’t get insured because they didn’t have a job, or because they had known expensive to treat illnesses.
2. Obamacare shifts the burden to pay for these two cases to the entire insurance pool, raising everyone’s rates under penalty of a fine.
3. Those without money go ahead and get insurance paid for by others through subsidies.
4. Those with pre-existing conditions go ahead and get insurance as required to cover their conditions, then drop.
5. It becomes cheaper to just pay the fine, so “regular” people start dropping out, with the intention of waiting until they have a major illness to opt back in.
6. Cascade effect, more people drop out, rates keep going up. Takers stay in, since it is still economically favorable.
7. Insurers can no longer maintain the illusion, because profitable sectors of their business cannot make up this level of losses, so they begin to drop Obamacare segments of their business and focus on profitable segements.
8. Leading to fewer choices, higher rates, and more people dropping.
But wait, didn’t we explain this BEFORE this crap was passed!!!!
Plus illegals are getting free obamacare. Just like Rep Joe said. You lie (Obama)
No understanding how cost shifting raises prices for the rest or how mandating higher cost services increases cost.
Liberals need to be sent to basic biology to understand what biological sex is and basic economics to understand stuff like this.
+116% in Arizona. Not at all surprised they didn’t mention that one.
If ObamaCare were a Republican plan with these problems, the +116% would be the increase they focused on.
Must be time to fix that problem with MORE GOVERNMENT!
I’ll tell you what happened. Dems did not listen. They marched lock step and passed a bill WITHOUT READING IT!!!
Idiots...
In ain’t Obamanomics, or any such other BS. It is POOR DECISIONMAKING plain and simple. You legislate correctly or else BS like this happens.
And the middle class (remember those folks) are really feeling the pinch.
There some great ideas floating around but you did not listen.
What was to read? The whole point was the break the system, so as to bring about Single-Payer.
Liberals are renowned for their static analysis.
They never bother to think ahead to how all the other moving parts of the system are affected.
Where were these folks when this was explained to them in 2008? Oh wait...
I find it amusing when the useful idiots stand there slack jawed wondering what happened. They were warned.
The answer to Pelosi, TV Anchors and all DEMON RATS:
https://www.youtube.com/watch?v=5eSIDwqtVUI
WHAT HAPPENED?
What WE told you would happen!
A man bought a truck load of watermelons for 1 dollar each and went out and sold them for 1 dollar each. His wife asked him “How did you do?”
The man said “I’m going to need a bigger truck.”
Nora needs “a bigger understanding”.
Seems like there are some people who believe socialized forms of government work and other people that have a basic understanding of economics and human nature.
Does anyone think Charlie Rose or Norah O'Donnell are improving their ratings?
Actually...the Fed’s plan’s are working to perfection.
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