Posted on 08/14/2016 9:30:39 PM PDT by Olog-hai
The health insurance exchanges that are the beating heart of Obamacare are on the edge of collapse, with premiums rising sharply for ever narrower provider networks, non-profit health co-ops shuttering their doors, and even the biggest insurance companies heading for the exits amid mounting losses. Even the liberal Capitol Hill newspaper is warning of a possible “Obamacare meltdown” this fall.
Three states — Alaska, Alabama, and Wyoming — are already down to just a single insurance company, as are large parts of several other states, totaling at least 664 counties.
UnitedHealth is pulling out completely, Humana is pulling out of 88 percent of counties it was in, and last weak Aetna strongly suggested it will be exiting, too, unless it gets bribed to stay with a huge, annual infusion of direct corporate bailout payments from taxpayers. …
(Excerpt) Read more at cnsnews.com ...
Right on schedule.
Unexpected.
Thanks, Gruber!
Just as predicted and planned. Next up: single payer government insurance. The question is: why give the FEDS more power when they cannot even get this right? That question will never be asked as we head into financial oblivion.
Who could have predicted this?
Wait until Obonzo and Clintoon start adding all of the illegals and refugeehadis to the ObamaCare rolls. That will be the end of healthcare in this country. You’ll be on your own. You may want to pick up a pretty nice First Aid kit at Walmart before they’re all gone.
I could just scream
Taxpayers are always on the hook for whatever stupid idea the government dreams up for us.
Hillary founded Obamacare
I would agree, but I’d have some doubts that the Senate (no matter which party takes up the topic) will have any desire to move onto this. They may simply allow the exchanges to fail and just sit there. The Democrats don’t want the honor of admitting they really screwed up badly, and the Republicans don’t want the honor of moving onto single-payer which means cheaper insurance but less quality or options.
Sickening. Everyone with a brain saw this coming - but could not stop it. Because of the collusion between King Barry and the Quislings of GOPe.
Actually Obamacare came from Romney who imposed it when he was Gov. of Mass. Obama took it Federal. Hillary wanted single payer health care for all. That is what is to follow when Romney/Obamacare fail if Hillary gets elected.
Romney founded the Obamacare idea in Mass. The “reform” plan originated at the Heritage Foundation. Obama just nationalized Romney’s State system.
Hillary first trotted it out as a legislative effort in 1992. Romney did not become Governor until 2003. Thankfully it was exposed when Hillary brought it to light and went on life support until Romney revived it on a state level when the effects of laws passed to stave off Hillary-care on a national level. It gave rise to the ever increasing problems of government regulatory intrusion into the doctor-patient relationship. All driven by the insurance lobby.
As usual, they broke it and claimed to be the only ones big enough to fix it. I think I saw a factoid once a few years ago that almost half of the people employed in the healthcare sector did nothing but manage government regulated paperwork.
The is the logical conclusion of a lie and fraud by obama.
Once the courts ruled that the govt could not cover insurance comapny losses.... THE FRAUD GAME WAS OVER ...
and
obama knew this from day one...
if roberts had done his job properly the nation woudl hve been spared...
Didn’t read entire article, but didn’t really need to. I’ve heard fro a couple of weeks about the rate hikes this year and insurance companies pulling out.
This had to happen. Insurance companies were happy as could be until it turned out they wouldn’t get their promised government bailouts, now premiums are getting out of hand, insurance companies are pulling out, half the exchanges set up or more have gone bankrupt...all of which I think was predicted long ago.
And what is Obama not telling us? Well, for this scheme to work, they have to have at least 30% of the people signed up actually paying for their insurance. Notice he’s not screaming from the rooftops, see it’s working. The only number I’ve even heard was a little over a year after it went into affect, the government finally announced that 19% were paying customers. Not even close to the 30% they needed.
I’m willing to bet now it’s even lower, but haven’t seen any numbers since then. To be honest I haven’t tried to look it up either. But I do know what’s happening. Loads of people are signing up under subsidies and medicaid, very few are actually paying fir insurance, now after a couple of years more all the time are deciding to pay the fine rather than the incredibly expensive insurance, many are not using the insurance they have due to prohibitively high deductibles, and even more illegal immigrants are being sneaked into the system. They’ll never pay for a thing...
So now it’s going broke, all the insurance companies are pulling out, more people every day are not using their insurance, preferring emergency room instead, (wasn’t this supposed to stop that?) and it’s basically all going to hell in a handbasket.
And Hillary wants to expand it...yeah right. Can you say more taxes?
Dear Washington,
America is coming,
And they’re bringing Donald J Trump.
Sorry, but Hillary trotted out a single payer system and was roundly beaten. Mittens went moderate with Romney care in Mass. during the media driven hysteria for reform. Obama took Romneycare Federal. The Heritage Foundation invented the nasty idea.
That is why, back when this was being rammed down our throats, most insurance companies were on board with this debacle.
The several thousand pages of law had them sucking billions of dollars directly from the pockets of everybody who had a job. This was going to be a huge cash cow for the insurance companies but it was thwarted when a few Senators had wording placed into the legislation that stopped the Government from paying out. I think Rubio was one of the Senators who placed this "poison pill" into the bill.
I am not a Rubio fan at all but he did right by us on that one.
That's what they wanted -- to drive everyone onto Single Payer.
Thanks for nothing Judas Roberts.
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