Obamacare Exodus Accelerates: After Georgia And Arkansas, Biggest Health Insurer Exits Michigan And

zero hedge ^ | 4/18/16 | tyler durden

[Nachum]

Two weeks ago we reported that after its November warning that it may exit certain Obamacare markets as a result of substantial losses, the largest U.S. health insurer UnitedHealth, did just that when it announced it would no longer sell plans for next year in Georgia and Arkansas.

Then over the weekend, UnitedHealth also added Michigan to the list of states whose Obamacare market it would no longer service. As Bloomberg reported, "the insurer won’t sell policies through Michigan’s ACA exchange for next year, according to Andrea Miller, a spokeswoman for the state’s Department of Insurance and Financial Services. Georgia and Arkansas said last week that UnitedHealth will quit their exchanges for 2017."

And then, moments ago in the latest hit to Obamacare, United added Oklahoma as the 4th state to the growing list of Obamacare markets it refuses to service.

What will the consequences of this exodus be?

According to Bloomberg, "while Michigan and Arkansas can probably weather UnitedHealth’s move, some consumers in Georgia and Oklahoma may feel a lack of choices, according to a Kaiser Family Foundation analysis of UnitedHealth’s offerings across the U.S."

Michigan should be able to endure the loss of United because the insurer only participates in seven of the state’s 83 counties, and it’s not among the cheapest in any of those counties, according to the Kaiser analysis. United also wasn’t offering cheap plans in Arkansas. In Georgia, however, the loss of UnitedHealth will cut the number of insurers to just one or two in about half of the state’s counties, though those counties account for just 11 percent of the state’s population. The insurer offered one of the cheapest plans in 34 of the state’s 159 counties.

Worse, on the current trend, UnitedHealth will likely announce the exit of more states

[Nachum]

Full title: Obamacare Exodus Accelerates: After Georgia And Arkansas, Biggest Health Insurer Exits Michigan And Oklahoma

You have been 'Grubered'

[Nachum]

The list, Ping

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[ZULU]

Just two more steps to socialized medicine, just like Obama and Soros wanted in the first place. :(

[ZULU]

Just two more steps to socialized medicine, just like Obama and Soros wanted in the first place. :(

[Daveinyork]

This the intention of obamacare - to destroy the health insurance market. It’s a good thing the public option was removed from the bill, or we’d be looking at a default single payer system.

[PGR88]

It doesn’t change anything. Obamacare is now permanently implanted in the massive US Government bureaucracy, paid for with fake, printed dollars and massive Federal Reserve debt.

This or that crony-capitalist health insurers leaving the system, who stupidly believed Obamacare would give them monopolistic profits in exchange for their support, means nothing.

Obamacare at best is just another useless program, used to redistribute money to government’s preferred groups. At worst, it was designed to be an expensive failure, creating a planned crisis of some kind.

[Lorianne]

Unaffordable And We Don’t Care Act

[eyeamok]

It doesn’t change anything.

Which is why I am very much OPPOSED to it’s REPEAL. I would much rather see President Trump issue an Executive Order mandating ALL PUBLIC EMPLOYEES and PUBLIC EMPLOYEE RETIREES NATIONWIDE be required under Law to enroll in Obamacare. Yes Including your local Dog Catcher.

1. it will save us taxpayers Hundreds of Billions of dollars annually

2. It will save the Insurance Companies with all the brand new enrollments that DO NOT QUALIFY FOR SUBSIDIES.

[fwdude]

It’s working as planned, actually.

[Buckeye McFrog]

It’s a good thing the public option was removed from the bill, or we’d be looking at a default single payer system.

The public option will be back after the election. A response to the fear and panic over what people are gonna find on those exchanges next year.

[PGR88]

Which is why I am very much OPPOSED to it’s REPEAL.

Very interesting. Is there anything else on the inter webs I can read which fleshes-out your ideas?

[eyeamok]

Not sure, but as soon as EVERY Elected Official, Judge, Police Officer, Firefighter,....RETIREE, Including PRESIDENTS AND EX-PRESIDENTS are enrolled in Obamacare the problems will be solved OVERNIGHT

[randita]

Other insurers are asking state insurance boards to approve exorbitant premium increases. Chances are the boards will deny the increases which will in turn lead to more insurers exiting the Obamacare exchanges.

Proponents of Obamacare still have this pie in the sky dream that hoards of young, healthy adults are going to flock to the marketplace in time.

[Buckeye McFrog]

Proponents of Obamacare still have this pie in the sky dream that hoards of young, healthy adults are going to flock to the marketplace in time.

Yeah, the morons thought they'd actually have jobs by now.

[Starboard]

The math never worked. Obamacare is a financial time bomb.

[rockinqsranch]

I’m going to come back later, and see just how many you catch with that one.

[eyeamok]

I have posted the same previously, I call it the

PEACE Act,
The Public Employee Affordable Care Enrollment Act

All Persons that can be classified as a Public Employee or a Retired Public Employee, Shall be required to purchase their own personal health insurance from the Affordable Care Act Exchange in their State.

Of course I would include CRIMINAL PENALTIES for Any Public Employee that failed to enroll. After all THEY SUPPORTED IT.

It is a Win Win for EVERYONE, Public Employees should not be stuck in those inferior, high priced health plans. Our Public employees DESERVE the highest quality health care the GOVERNMENT has to offer at a very affordable cost, Taxpayers SAVE HUNDREDS OF BILLIONS of Dollars annually, Insurance Companies Make a Bundle also.
Everyone is a winner.

[T Ruth]

Worse Even better, on the current trend, UnitedHealth will likely announce the exit of more states

[The Westerner]

Bingo, but the goal to transform medical doctors into slaves of the state began with LBJ's Medicare program. With every passing decade, the free Capitalist medical system in the US was hacked to death. All statists, admirers of “free” medical service systems like England's, then Canada's, have been trying to end our ability to practice as we see fit, charge what we want, free of the point of a gun, aka, the government.