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Keyword: deathspiral

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  • Health care enrollment counselors face stiff challenges

    11/03/2017 8:10:30 AM PDT · by spintreebob · 3 replies
    APnews ^ | 11-2-17 | KELLI KENNEDY
    It’s not easy being an advocate for the Affordable Care Act right now. Health care advocacy groups are making an against-all-odds effort to sign people up despite confusion and hostility fostered by Republicans opposed to President Barack Obama’s signature domestic policy achievement. The Trump administration has taken numerous steps to undermine the law, and many states are doing little to promote coverage as health insurance open enrollment begins this week. Health care advocates are particularly concerned about people in Republican-led states with hundreds of thousands of uninsured residents, like Florida, Texas and Georgia. Many of these groups are scrambling to...
  • Judge denies California’s attempt to reinstate ACA subsidies

    10/25/2017 2:24:03 PM PDT · by Oldeconomybuyer · 24 replies
    San Francisco Chronicle ^ | October 25, 2017 | By Catherine Ho
    A federal judge on Wednesday denied an attempt by the state of California to force the Trump administration to pay billions of dollars to insurance companies to subsidize health plans for low-income Americans. California and 17 other states sued the Trump administration, arguing that its decision to end the payments was unlawful. As part of the lawsuit, the states sought an emergency temporary restraining order from the U.S. District Court. Attorneys for the states failed to convince U.S. District Judge Vince Chhabria that there would be immediate harm to consumers if the payments are not reinstated. “It appears that because...
  • NFL Players Continue Anthem Protests In Week Six Despite Commissoner Plea

    10/16/2017 3:18:11 AM PDT · by SkyPilot · 94 replies
    Deadline ^ | 15 Oct 17 | Bruce Haring
    NFL player protests during the national anthem continued this week, defying pleas by Commissioner Roger Goodell and some team owners to have everyone stand for the song. While fewer teams had mass protests this week than in the early games, some players still kneeled, while others stayed in the locker room for the pre-game national anthem. The prior protests have sparked fan outrage and might have hurt television ratings, with some angry observers and at least one sponsor vowing to boycott the league in a counter-protest. A meeting is set this coming week between NFL management, ownership, and the NFL...
  • State pursues Medicaid premiums, copays to cover rising costs

    09/21/2017 11:56:26 AM PDT · by Oldeconomybuyer · 6 replies
    Santa Fe New Mexican ^ | September 20, 2017 | By Andrew Oxford
    New Mexico residents enrolled in Medicaid may have to cough up more money for their health care costs by the end of the year or early next year under a proposal that aims to offset state spending on the program. New Mexico’s Medicaid rolls have swollen since Gov. Susana Martinez expanded low- or no-cost health insurance in 2014 to cover adults with incomes slightly above the federal poverty level, up to about $16,600. As of July, more than 250,000 New Mexicans had enrolled in Medicaid under the program expansion. A single patient earning $12,060 a year could end up having...
  • Pence endorses repeal and delay strategy on ObamaCare

    07/10/2017 2:35:21 PM PDT · by Oldeconomybuyer · 26 replies
    The Hill ^ | July 10, 2017 | BY NATHANIEL WEIXEL
    Vice President Pence on Monday said congressional Republicans should pass a “repeal only” bill if they can’t come to a consensus on legislation to replace ObamaCare. “If they can’t pass this carefully crafted repeal and replace bill — do those two things simultaneously — we ought to just repeal only,” Pence said in an interview with Rush Limbaugh. Pence’s comments echoed those made by President Trump, who last month suggested that he was open to repealing ObamaCare first and developing a replacement plan later. However, White House legislative director Marc Short on Monday said, "we still believe that the bill...
  • Emergency room visits by Medi-Cal patients soaring, state data shows

    06/21/2017 8:20:58 AM PDT · by Oldeconomybuyer · 11 replies
    San Jose Mercury News ^ | June 21, 2017 | By TRACY SEIPEL
    California’s low-income residents continue to head straight for the emergency room — instead of their doctor’s office — for expensive treatment, a practice that the Affordable Care Act was supposed to curb. Three years into Obamacare, new figures show, ER visits by the state’s Medi-Cal patients rose 44 percent from early 2014 to late 2016. That’s pretty much the opposite of what architects of the nation’s health care law had predicted: The Obamacare provision expanding Medicaid was designed to get low-income people to start going to doctors in cost-efficient “managed care” plans. The Affordable Care Act’s architects had predicted that...
  • Why Some Can’t Wait for a Repeal of Obamacare

    05/12/2017 10:35:49 AM PDT · by Oldeconomybuyer · 27 replies
    New York Times ^ | May 12, 2017 | By ABBY GOODNOUGH
    For Linda Dearman, the House vote last week to repeal the Affordable Care Act was a welcome relief. Ms. Dearman, of Bartlett, Ill., voted for President Trump largely because of his contempt for the federal health law. She and her husband, a partner in an engineering firm, buy their own insurance, but late last year they dropped their $1,100-a-month policy and switched to a bare-bones plan that does not meet the law’s requirements. They are counting that the law will be repealed before they owe a penalty. “Now it looks like it will be, and we’re thrilled about that,” Ms....
  • Study: Some Alabamians pay more for health insurance than New Yorkers

    05/11/2017 12:22:41 PM PDT · by Oldeconomybuyer · 2 replies
    Alabama.com ^ | May 11, 2017 | BY AMY YURKANIN
    Last year, two national insurance companies dropped out of the marketplace in Alabama, leaving just one option for individuals who purchase insurance through the federal exchange set up under Obamacare. Lack of competition in areas with just one or two insurance providers has been linked to higher premiums in a recent study by the Urban Institute. Median benchmark monthly premiums in areas with just one insurance company averaged $451, compared to $270 for areas with six companies or more. Rural areas and Southern states tend to have less competition, according to the study. Blue Cross Blue Shield of Alabama is...
  • Aetna exits Obamacare exchanges in remaining two states

    05/10/2017 3:17:31 PM PDT · by Oldeconomybuyer · 12 replies
    Reuters ^ | May 10, 2017 | by Deena Beasley
    Health insurer Aetna Inc said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska - the two remaining states where it had offered the plans. Aetna had previously announced plans to exit the individual commercial market in Virginia and Iowa. It has now "completely exited the exchanges," the company said in an emailed statement. The insurer attributed the losses to "marketplace structural issues, that have led to co-op failures and carrier exits, and subsequent risk pool deterioration." Aetna said it had 964,000 individual commercial plan members as of the end of 2016, but that...
  • Health insurance companies ask for big rate increases

    05/09/2017 2:50:50 PM PDT · by Oldeconomybuyer · 6 replies
    Washington Post ^ | May 9, 2017
    RICHMOND, Va. - Health insurance companies say they need large rate increases to cover their costs for individual health plans sold in Virginia next year. Preliminary rate requests for 2018 recently filed with the State Corporation Commission average a 28 percent increase among the seven companies offering individual plans. Some major insurance companies, like UnitedHealth Group and Aetna, are pulling out of the Affordable Care Act’s insurance exchange in Virginia next year.
  • Health insurance companies seek rate hikes up to 40 percent in DC

    05/09/2017 10:05:12 AM PDT · by Oldeconomybuyer · 19 replies
    WTOP ^ | May 9, 2017 | By Jeff Clabaugh
    Insurance companies offering individual health care plans in D.C. want to increase premiums from 13 percent to nearly 40 percent on average. Four major insurance companies have submitted health insurance rates for 2018 to the D.C. Department of Insurance, Securities and Banking for review. This will be the fifth year of open enrollment on DC Health Link, the District’s health insurance marketplace under the Patient Protection and Affordable Care Act, better known as Obamacare. In the individual market, CareFirst has proposed an average rate increase of 39.6 percent for HMO plans and 19.7 percent for PPO plans. Kaiser proposed an...
  • Maryland insurers request 38.5 percent rate increase for individual health plans

    05/05/2017 2:06:33 PM PDT · by Oldeconomybuyer · 8 replies
    Baltimore Business Journal ^ | May 5, 2017 | Staff
    Four insurance carriers are seeking average rate increases ranging from 9 percent to 150 percent for individual health plans sold in Maryland for 2018. The proposed rate increases average at 38.5 percent and would bring monthly premium prices for a mid-level plan for a 40-year-old Baltimore resident to between $359.25 and $714.95. The proposed rates are subject to review and approval by the Maryland Insurance Administration. The requests come on the same day House Republicans in Congress passed a bill repealing parts of the Affordable Care Act and replacing them with new provisions. Individual plans are for people who aren't...
  • Aetna exits Iowa individual insurance market for 2018

    04/06/2017 10:41:27 AM PDT · by Oldeconomybuyer · 8 replies
    Reuters ^ | April 6, 2017 | by Caroline Humer
    Health insurer Aetna Inc said on Thursday it will exit Iowa's Obamacare-compliant individual insurance market in 2018, citing financial risk and the uncertain outlook. Aetna said it is still evaluating its other remaining individual insurance markets, which include Delaware, Nebraska and Virginia. The company exited most markets this year but in January said it had more than 240,000 people in individual plans and expected to post losses on them this year. Insurers have said uncertainty over which rules will be in place in 2018 and the billions of dollars in government subsidies that make the plans more affordable to millions...
  • Inflation-hit Venezuela to pull largest bill from circulation (the 100 bolivar=2cents)

    12/11/2016 4:58:26 PM PST · by dynachrome · 23 replies
    Reuters ^ | 12-11-16 | Girish Gupta
    Venezuela, mired in an economic crisis and facing the world's highest inflation, will pull its largest bill, worth two U.S. cents on the black market, from circulation this week ahead of introducing new higher-value notes, President Nicolas Maduro said on Sunday. The surprise move, announced by Maduro during an hours-long speech, is likely to worsen a cash crunch in Venezuela. Maduro said the 100-bolivar bill will be taken out of circulation on Wednesday and Venezuelans will have 10 days after that to exchange those notes at the central bank. Critics slammed the move, which Maduro said was needed to combat...
  • Obama, Clinton tell Democrats not to despair

    11/14/2016 5:11:54 PM PST · by Olog-hai · 28 replies
    Associated Press ^ | Nov 14, 2016 6:29 PM EST | Lisa Lerer
    Democratic leaders delivered pep talks to demoralized supporters on Monday, promising to reassess their strategy, message and organization in the wake of last week’s devastating defeat. “You're allowed to mope for a week and half, maybe two,” President Barack Obama told Democratic National Committee members on a conference call. “But after that, we’ve got to brush ourselves off and get to work.” […] The future looks even grimmer. In two years, Democrats will be defending about two dozen Senate seats, including at least five in deep-red states. That election could hand Senate Majority Leader Mitch McConnell a filibuster-proof majority, further...
  • Obamacare Premiums Up ... 50% In IL, AZ, PA; 93% In NM: When Does The Death Spiral Blow Up?

    10/21/2016 6:37:18 AM PDT · by Rockitz · 26 replies
    ZeroHedge.com ^ | 21 October 2016 | Tyler Durden
    Obamacare premiums are skyrocketing out of sight. A jump of a mere 30% looks like a good deal compared to jumps of over 50% in six states, and 93% in New Mexico. Congratulations are in order for those living in a handful of states whose premiums only rose 20%. The Wall Street Journal reports Rate Increases for Health Plans Pose Serious Test for ObamaÂ’s Signature Law. ... Approved Hikes â—¦Approved Hikes Just Under 20%: Colorado, Florida and Idaho â—¦Approved Hikes 20% to 29%: Connecticut, Georgia, Indiana, Kentucky, Maine, Maryland â—¦Approved Hikes 30% to 49%: Alabama, Delaware, Hawaii, Kansas, Mississippi, Texas...
  • NFL's 'Monday Night Football' Keeps Dropping In Ratings

    10/04/2016 9:42:31 PM PDT · by BeauBo · 91 replies
    Forbes ^ | Oct 4, 2016 | Brandon Katz
    There’s no denying that the numerous #BoycottNFL online campaigns and fan outrage aimed at the National Anthem protests in the NFL have taken a toll in terms of viewership... now the league is on pace for its lowest ratings in years... Overall, MNF‘s (Monday Night Football's) ratings are down a whopping 19% this year
  • 'Death spiral'? ObamaCare problems making coverage harder to afford, find

    09/28/2016 4:57:47 PM PDT · by Rockitz · 30 replies
    FoxNews.com ^ | 28 September 2016 | Dan Springer
    When Health Republic Insurance of New Jersey announced recently that it’s $46 million in debt and shutting down, it became the 17th failed ObamaCare co-op since the Affordable Care Act launched three years ago. Those failures – just six of the original 23 co-ops remain – have left hundreds of thousands of people scrambling for coverage. Meanwhile, insurers claiming big losses are leaving some state exchanges -- including Indiana University Health Plans, whose exit is expected to result in 27,000 Indiana residents losing ObamaCare plans in 2017. And companies still operating in the federal and state exchanges are raising premiums...
  • ObamaCare Suffers Three Major Blows In One Week

    04/23/2016 4:23:56 PM PDT · by MtnClimber · 11 replies
    Investors Business Daily ^ | 22 Apr, 2016 | Editorial Board
    Health Reform: ObamaCare rates will skyrocket next year, according to its former chief. Enrollment is tumbling this year. And a big insurer is quitting most exchanges. That’s what we learned in just the past few days. Marilyn Tavenner, CEO of America’s Health Insurance Plans, revealed that she expects ObamaCare premium hikes “to be higher than we saw previous years,” including last year, which saw double-digit rate increases across the country. Tavenner, for those who don’t know, was head of the Centers for Medicare and Medicaid Services until early 2015, which means she helped bring ObamaCare to life. In November 2014,...
  • Obamacare Guru: Meh, America's Largest Insurer Abandoning the Exchanges isn't a 'Big Blow'

    04/22/2016 1:34:07 PM PDT · by Kaslin · 30 replies
    Townhall.com ^ | April 22, 2016 | Guy Benson
    Give it time. This guy will eventually admit that the country's largest insurer pulling out of most Obamacare exchanges augurs poorly for the fiscal health of the law he championed -- just as he finally got around to conceding that the 'Affordable' Care Act isn't controlling costs.  Nothing to see here, MSNBC viewers (via the Free Beacon): Obamacare architect Zeke Emanuel: UnitedHealth leaving exchanges isn't that big a dealEmanuel claims that this story is overblown because UnitedHealth wasn't a major player in the exchanges.  They were enough of a player to lose over $1 billion in 2015 and 2016, and their concerns about...