Posted on 02/26/2016 7:52:56 AM PST by Olog-hai
Political uncertainty isn't the only threat to the Affordable Care Act's future. Cracks also are spreading through a major pillar supporting the law.
Health insurance exchanges created to help millions of people find coverage are turning into money-losing ventures for many insurers.
The nation's largest, UnitedHealth Group Inc., could lose as much as $475 million on its exchange business this year and may not participate in 2017. Another major insurer, Aetna, has questioned the viability of the exchanges. And a dozen nonprofit insurance cooperatives created by the law have already closed, forcing around 750,000 people to find new plans.
More insurer defections would lead to fewer coverage choices on the exchanges and could eventually undermine the law, provided the next president wants to keep it. ...
(Excerpt) Read more at hosted.ap.org ...
These “insurer warnings” are just masked attacks on our first black, gay and muslim president!
Drip, drip, drip...
Single payer. Coming soon to a healthcare near you.
Govt is already about 67% so it’s not too far remaining to go.
It’s been reported today that obummer is illegally helping ins comps he favors with Billion$ in bailout monies even though that is against the LAW! So what’s your GOPe SENATORS doing for you today about it? Begging the insurance comps to return the tax payer’s monies!
And the RUBE and CRUZifier voters here wonder WHY TRUMP?
“Send us more taxpayer money!”
So what’s your GOPe SENATORS doing for you today about it?
Not sure about everyone else, but My 2 Senators are writing the checks and taking the Bribes!, I am in Mexifornia.
I am NOT nor ever will be a Rubio supporter; however, Rubio & Congress shut down a taxpayer funded bailout of the insurance companies in 2015 & again for 2016. Here is one link that explains it (I’d suggest reading the whole thing, not just the excerpt) ..... since the insurance companies are only getting 12.6%, they are not happy & many will not continue to offer Obamacare plans.
Did Rubio deal a mortal blow to ObamaCare?
http://hotair.com/archives/2015/11/25/did-rubio-deal-a-mortal-blow-to-obamacare/
Excerpt: Two years ago, Marco Rubio won a fight during the budget battles to include a requirement for HHS to maintain budget neutrality in its risk-corridor programs. Rubio had pushed back against this program for months, claiming — as it happens, accurately — that it was a back-door bailout of the insurance companies that had cooperated in the effort to pass ObamaCare. Instead of allowing HHS to dip into general funds for risk-corridor payments, Rubio’s rider restricted those payouts to funds collected from taxes on insurers.
The move forced HHS to cut expected risk corridor payments to pennies on the dollar, and prompted the closure of more than half of the co-ops launched by HHS to provide supposedly low-cost coverage. Now that United Healthcare has signaled that it may cut its losses and get out of the ObamaCaure market, The Hill credits Rubio with starting the death spiral many predicted when Democrats first passed ObamaCare in March 2010
We can SAVE OBAMACARE! We just need PEACE!
Public Employee Affordable Care Enrollment Act
Force ALL PUBLIC EMPLOYEES NATIONWIDE to Enroll in Obamacare, Yes that means CONgress and Every JUDGE IN AMERICA, we will Save BILLIONS of Dollars for TAXPAYERS, and the massive new PAYING ENROLLMENT will Save Obamacare.
Sounds like a WIn,Win!
Like I said obummer is taking monies not appropriated to bail out the insurance comps illegally, it is being reported today. So alot of good Rubios restriction is doing now.
So again 2 senators running for prez are just letting obummer get away with his criminality again!
But I guess I’ll just wait forever to hear what Rubio has to say about this!
Lawmakers: Obama illegally diverted billions to insurers
‘Law is very clear – $5 billion of reinsurance fees must be returned to the taxpayers’
Published: 16 hours ago WND
They got mouths but no balls!
Go Trump Go!
I have firsthand experience with Obamacare — The Democrats and Obama really F-—ed up the healthcare system in every way possible.
Cost (both the premium and actual medical bills have increased greatly), ease of use, appointment scheduling (several months before we can see our primary), keep your doctor (not!), personal information security, limiting the number of doctors that we can see (two options: HMO or PPO with huge deductible), forcing us to purchase additional insurance and then telling us we can’t use the insurance that we just paid for, massive deductible before the insurance kicks in, dumping us with a pediatrician as our primary (all of us are well over 18 years) etc. and the list goes on an on.
I don’t want to wish ill will on anyone but I wish that everyone who supported this boondoggle suffers as much as we did (or worse). And I predict lots of surprises in store around tax time for the boobs who supported it.
The future is not in doubt at all. It’s doomed. Right about early 2017.
Go Trump.
Obama WANTED to take money not appropriated by the original law & despite the law. He/HHS were PREVENTED from doing so by language Rubio had added to the budget bills for 2015 & 2016. HHS could ONLY use the risk corridor fund set up with money obtained from taxes on insurers who were making money ... not many were, thus the fund had not enough in it to reimburse the insurance companies for all their losses. Since no other government funds could be raided, the insurance companies requesting bailout money only got 12.6%.
Yes, the original law had bailout money in it - that is being paid out of the risk corridor fund, but Obama was going to pay a lot more in bailouts than the original law allowed and this is what was stopped by Congress.
Wait, but Oblahblah promised....
When the Exchanges have all collapsed Trump or Sandes or Mrs. Bill will ride in to save us with the wonderful Single Payer system and the sun will rise on the American society once again.
When the Exchanges have all collapsed Trump or Sanders or Mrs. Bill will ride in to save us with the wonderful Single Payer system and the sun will rise on the American society once again.
LOL my GOP senator, Cruz, his hard at work on it. Yep. /s
The pResident who spent 8 years in office and wasted, amid growing concerns, 8 years of the life of EACH AMERICAN and will so find not only there is NO legacy. Nothing to show that WTP ever had the first black Muslim pResident unless the pain caused is considered From dust to dust.
“The biggest problem with the exchanges reflects a basic insurance rule: Insurers need healthy, premium-paying customers to balance claims they cover from the sick. Insurers have struggled in many markets because people who couldn’t get coverage previously due to a condition were among the first to sign up when the exchanges opened a few years ago. Healthy customers have been slower to enroll.”
And therein lies a major problem. I’m hardly the only healthy guy fully aware that less healthy people can’t be charged a higher premium, so essentially, I’m getting screwed over for being healthy (doesn’t that seem to be the way things work nowadays for those of us with personal responsibility?). Take away the individual mandate and these insurance companies would be really screwed.
And of course, like any system that rewards the bad and punishes the good, more and more people are going to let their health drop because there’s no incentive (other than perhaps their own pride and desire to live long) to stay healthy and no punishment (financially anyway) of being in poor health. Such a cycle can only end one way.
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