Posted on 07/08/2018 5:30:40 PM PDT by Olog-hai
Health insurers warned that a move by the Trump administration on Saturday to temporarily suspend a program that was set to pay out $10.4 billion to insurers for covering high-risk individuals last year could drive up premium costs and create marketplace uncertainty.
The Affordable Care Act’s (ACA) “risk adjustment” program is intended to incentivize health insurers to cover individuals with pre-existing and chronic conditions by collecting money from insurers with relatively healthy enrollees to offset the costs of other insurers with sicker ones.
President Donald Trump’s administration has used its regulatory powers to undermine the ACA on multiple fronts after the Republican-controlled Congress last year failed to repeal and replace the law propelled by Democratic President Barack Obama. About 20 million Americans have received health insurance coverage through the program known as Obamacare.
America’s Health Insurance Plans (AHIP), a trade group representing insurers offering plans via employers, through government programs and in the individual marketplace, said the CMS suspension would create a “new market disruption” at a “critical time” when insurers are setting premiums for next year. […]
It could also encourage more insurers to bow out of Obamacare. …
(Excerpt) Read more at reuters.com ...
“It was not great, in that it left a section of American completely without coverage.THAT was what Obama fixed.”
No, it did not fix it.
“It was not great, in that it left a section of American completely without coverage. THAT was what Obama fixed.”
MORE people are without health insurance than before ObamaCare. MORE, not less.
People cannot afford the minimum $1,400/month cost. They also cannot afford the extreme high deductible, the amount the person must pay before ObamaCare pays anything.
Before ObamaCare, the deductibles were commonly $250. Today, minimum $5,100.
So, no, there isn’t more people covered under ObamaCare. There are tens of millions LESS.
“It was not great, in that it left a section of American completely without coverag”
BS =
Seriously. Because of self centered people like you, we got Obamacare and suddenly I could no longer afford the insurance I had paid for - myself - as a small business owner, for over a decade. Which didnt matter after all; they eliminated the plan so I went uninsured for a bit.
To act like it was in any way good tells me that you just want me to pay for your healthcare - and force my family to suffer the added costs.
Basically, you stole money from my family for your own, personal use. And you do not care that it hurt us financially and medically. That in no way garners sympathy from me.
The price of the collusion with the libtard progressive DEMs and ObamaIdiot.....poor insurers.../s
Obamacare was used as an excuse by corporate Americas to shift the cost of health care benefits back onto the worker. The average corporations healthcare became a “Cadillac Plan” under Obamacare and was jacked up in price, This shifted most workers onto a high deductible plan, where they basically paid for their own health care. So the average middle class worker was screwed by Obamacare. For the cost and disruption of Obamacare, the government could have just bought policies for the 6 million low income people added, or changed medicare eligibility, instead they screwed the workers.
The amount of spin on this subject, is through the roof.
Just out there.
But thanks for your post.
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