Obamacare Insurance Markets on Verge of Collapse

[jtssrx]

Obamacare Insurance Markets on Verge of Collapse

Citing the financial unsustainability of Obamacare, both the insured and insurers are fleeing Obamacare in increasing numbers, leaving President Obama’s takeover of the nation’s healthcare system on the verge of collapse.

The administration has claimed Obamacare — officially designated the Affordable Care Act — to be a great success, insisting that 20 million previously uninsured Americans now have insurance. But according to a report at The Guardian, that “success” comes at the expense of all the features that were supposed to make the law sustainable.

 

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President Obama and his cohorts imagined that since Obamacare was to be compulsory, millions of healthy young Americans would immediately sign up, and the massive influx of cash paid into the system as insurance premiums would help pay for the higher costs in care doled out to older, sicker enrollees.

Video: Astronomical Insurance Prices Leave People Questioning Affordable Care Act

 

Unfortunately for supporters of Obamacare, millions of young people simply ignored the law, deciding, instead, to pay the tax penalties to the IRS for not having insurance because it was both easier to do and cheaper in the long run. Consequently, the largest number of new enrollees are people whose illnesses are costing the insurance companies more to pay out for their care than they are paying into the system in premiums. The result is more money going out for care than coming in, a situation impossible to sustain for long.

The latter is why so many insurance carriers are dropping out of Obamacare. They are being outspent and cannot sustain the costs and remain profitable at the same time. And this, in turn, is setting the whole Obamacare system toward collapse.

As the outlet reports:

In April, UnitedHealthcare left most of the 34 state marketplaces it participated in. And in August, Aetna scaled back its participation in the markets because of losses, and also because of the [J]ustice [D]epartment’s attempt to block it from merging with another health insurance giant, Humana.

Worse, insurance premiums have risen time and again since the inception of Obamacare only a few short years ago, and those rises are set to continue pricing many policies hundreds of dollars a month past the wooly claims of cheap healthcare plans Obama made when he was pushing the law.

In addition, a recent Kaiser Family Foundation study on Obamacare was released that was such bad news for Obamacare it brought the Trump campaign to call it “another extraordinary indictment of Obamacare.”

Echoing The Guardian’s report, the Foundation’s study reported that “the number of counties with a single marketplace insurer is likely to increase, from 225 (7% of counties) in 2016 to 974 (31% of counties) in 2017.”

The report reveals another of the principal failures of a feature that was supposed to have made Obamacare sustainable — that of competition between insurers. We are now finding that this competition is non-existent in large swaths of the country.

“The news that Americans living in more than 6 in 10 counties next year will only have one or at most two healthcare options under Obamacare is another extraordinary indictment of this law and Hillary Clinton’s disastrously poor judgment,” national policy adviser to Donald Trump Stephen Miller said in a statement.

Miller added:

Every policy she touches only produces more calamity. In this case, it means higher prices, fewer choices, and less control over one’s most private medical decisions. Yet Hillary Clinton thinks struggling Americans still have it too good. She wants to give the government more control over the entire healthcare system — taking away even more choices from American moms, dads and children. This is yet another crossroads in this election: America must repeal and replace this disastrous law or live under total government control.

The Kaiser Family Foundation study is only added to reports that Obamacare rates are soaring, and 16 of the 23 state exchanges established by the law have failed.

[Capt.Storm]

I'm sure Barry Care 2.0 is on the way!

[ckf]

2 minutes ago, Capt.Storm said:

I'm sure Barry Care 2.0 Hillary Care 1.0 is on the way!

Fixed it for ya.

[Capt.Storm]

Just now, ckf said:

Fixed it for ya.

now you're making unrealistic assumptions!

[ckf]

Just now, Capt.Storm said:

now you're making unrealistic assumptions!

As much as I hate to admit it, I'll be shocked if she doesn't win the election  

[Capt.Storm]

Just now, ckf said:

As much as I hate to admit it, I'll be shocked if she doesn't win the election  

Man it seems like a close race now and I just don't think she can pull off the debates with Trump.

Will that be enough to get him in..I dunno,but you would think more then maybe.

The MSM is getting a little tougher on her,maybe for good reason...do they really want to promote about what's been coming out about her as ok...they can only cover her butt just so far then I think they will bail.

[ckf]

1 minute ago, Capt.Storm said:

Man it seems like a close race now and I just don't think she can pull off the debates with Trump.

Will that be enough to get him in..I dunno,but you would think more then maybe.

The MSM is getting a little tougher on her,maybe for good reason...do they really want to promote about what's been coming out about her as ok...they can only cover her butt just so far then I think they will bail.

The way our system is setup all that really matters is the swing states.

[Zambroski]

Well, this article is a real surprise.  Almost like we've read it here before!  

If Hilliar is elected I expect the Dems to throw mad money at this to try and hold on to Obama's "legacy".  It will artificially spike health care stocks for a bit (I'll own), then when it starts to fail again...and without a better plan, it will.  Stocks will tumble down as insurers withdraw....again (I'll be selling short).

I think the best thing for us to do about our deficit and debt after Hilliars first three years is just default and see if we can slide under Canada.  They have a better national anthem anyway.

[Capt.Storm]

9 minutes ago, ckf said:

The way our system is setup all that really matters is the swing states.

yep,more then likely but hey you never know some others may turn.

There's only I think 4 that won the EC and not also by the popular vote ..most of those early on...one was more recent...w.bush i think.

Edited September 4, 2016 by Capt.Storm

[Jimmy Snacks]

What is the answer to the health insurance question in this country? 

[Capt.Storm]

1 hour ago, Biggie Smails said:

What is the answer to the health insurance question in this country? 

Go back to having just major medial insurance ,maybe.

[Anler]

Cut the military spending by 70% , eliminate Medicaid, remove the employer mandate and tax every working stiff 11% and we get UHC for every man, woman and child.

[BOHICA]

3 minutes ago, Anler said:

Cut the military spending by 70% , eliminate Medicaid, remove the employer mandate and tax every working stiff 11% and we get UHC for every man, woman and child.

 Is the 11% for just uhc?

[Capt.Storm]

20 minutes ago, Anler said:

Cut the military spending by 70% , eliminate Medicaid, remove the employer mandate and tax every working stiff 11% and we get UHC for every man, woman and child.

what,eliminate medicaid ...that will never happen and we need to spend more on the military.

[racer254]

6 hours ago, Biggie Smails said:

What is the answer to the health insurance question in this country? 

 

24 minutes ago, Anler said:

Cut the military spending by 70% , eliminate Medicaid, remove the employer mandate and tax every working stiff 11% and we get UHC for every man, woman and child.

What is the total cost for UHC for every man woman and child?  Do we have a number?  Once we have a number, then we can start to look at the way to work to that number.

[Zambroski]

Just now, racer254 said:

 

What is the total cost for UHC for every man woman and child?  Do we have a number?  Once we have a number, then we can start to look at the way to work to that number.

Well, it wouldn't be hard to get a number.  We just have the "negro quotient" and to the lesser extent, the "beaner quotient" to try and figure in.  Good luck.

[Mikeadoo]

We're going to be down to 2 choices for insurance this year where I live.....and guess what that is doing to the rates???

[Boered]

This is the result of government forcing private enterprise to service a market that they find undesirable. It has to be fully government run to work, it cannot be for profit.

[Zambroski]

1 minute ago, Boered said:

This is the result of government forcing private enterprise to service a market that they find undesirable. It has to be fully government run to work, it cannot be for profit.

[Capt.Storm]

7 minutes ago, Boered said:

This is the result of government forcing private enterprise to service a market that they find undesirable. It has to be fully government run to work, it cannot be for profit.

i sorta been saying that.

[jtssrx]

8 hours ago, Biggie Smails said:

What is the answer to the health insurance question in this country? 

Stop using insurance for everything. Lower costs on minor doctor visits. Reduce cost of drugs and bigger surgerys and hospital stays

[Anler]

6 hours ago, Capt.Storm said:

what,eliminate medicaid ...that will never happen and we need to spend more on the military.

Why do we need to spend more on military? Our military is already 10x bigger than anyone else...

[Capt.Storm]

Just now, Anler said:

Why do we need to spend more on military? Our military is already 10x bigger than anyone else...

mostly for the vets ..mental health and what not..get them off the streets also into where they need to be.

R+D of new techs also. I should have been more specific.

[Anler]

24 minutes ago, Capt.Storm said:

mostly for the vets ..mental health and what not..get them off the streets also into where they need to be.

R+D of new techs also. I should have been more specific.

Well I don't have a problem with state of the art defense, however what we are doing around the world isn't "defense". We are making more enemies. 

And yeah, why is it we never run out of money for bullets and bombs but when it comes to health services for vets we can't afford it?

All I hear Republicans talk about is "We need to rebuild the military" and "cut social security" and I'm like "wuh?"

[Capt.Storm]

28 minutes ago, Anler said:

All I hear Republicans talk about is "We need to rebuild the military" and "cut social security" and I'm like "wuh?"

yeah I know..tech defense is what i'm referring to and we need to raise ss some..wtf i got no raise last time!

But lets take care of the vets better first..better mental heath care while they are in even..maybe better evaluations before they come back into civilian life...if they get them at all..dunno.

Edited September 5, 2016 by Capt.Storm