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.
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.