We told you so:
Obamacare, as constructed, attempted to fix a dysfunctional health care payment system by creating an even more complicated system on top of it, filled with subsidies, coverage mandates, and other artificial government incentives. But its result has been a system that plucked Americans out of coverage they like and forced them to pay more for less.
Now the insurers are beginning to realize that in spite of all the subsidies and mandates working in their favor, and despite all of the cost-cutting they have had to do at the expense of consumers, they just can’t make money in this system.
Of course, it was designed to fail, to provide a political glide path to single payer.
“Of course, it was designed to fail, to provide a political glide path to single payer.”
Not to mention also creating huge opportunities for graft.
There were many many clues that this scheme would fail – notwithstanding the hardheadedness of the acolytes. One of the first was when Democrats in Congress did not sign up for it followed closely by the unions asking for special dispensation.
Nobody with half a brain wants to be part of that plan.
Those flocking to the online exchanges … turned out to be disproportionately sick and old.
That’s the key to the story. Insurers found it easier to make money on individual policies when they were allowed to turn away the sick and old. The problem, for them, is that Obamacare is doing exactly what it set out to do: making health coverage available to the people who need it most.
If it was impossible for any insurers to make money on the exchanges, that would be a problem. But there’s no sign of that being the case. UnitedHealth is just one company, with 7% market share on the exchanges. The insurers currently serving the other 93% will be happy to serve the customers UnitedHealth leaves behind.
The problem, for them, is that Obamacare is doing exactly what it set out to do: making health coverage available to the people who need it most.
It in turn becomes a problem for anyone who needs health insurance instead of health care.
Remember when we were told that socialized medicine was so much better as can be seen by higher life expectancy. Yeah, about that…
More stonewalling from the “most transparent administration ever”:
“Federal health officials refuse to give Congress hundreds of subpoenaed documents on Obamacare’s failed co-ops so that people will continue enrolling in the deeply troubled program, a congressional leader said Tuesday.
“Health and Human Services has not provided any valid legal reason for withholding information from this committee,” Chaffetz said during a Tuesday hearing on federal agencies’ failures to comply with congressional document requests. “Rather, they assert that if certain information was released publicly, it could cause consumers to think twice before enrolling in CO-OP insurance plans.”
This is what happens when officials are more concernred with making “The Plan” work than in actually providing benefit to the people.
NOTE: notice how HHS is trying to manipulate people’s buying choices. Stalinistic. So they have not yet learned how a market works.
Or, perhaps, they want to destroy the market.
Yes that’s my bet.
As the program continues to circle the drain ever faster:
“Twelve of the 23 co-ops created in 2011 under Obamacare at a cost of $2.4 billion have failed, and another eight of the remaining 11 are likely to go under this year. But the U.S. Department of Health and Human Services (HHS) won’t hand over documents subpoenaed months ago by the House Committee on Oversight and Government Reform.”
For $2.4 billion the Feds could have bought health insurance for anyone who needed it and couldn’t get it. But of course that would prevent the move to single payer as well as remove most sources of graft…..
Read more: http://dailycaller.com/2016/04/20/feds-blow-off-house-subpoena-for-obamacare-co-op-docs/#ixzz46T25gaYt
For $2.4 billion the Feds could have bought health insurance for anyone who needed it and couldn’t get it.
How do you figure that?
As Thomas Lifson points out:
“Let me restate this: federal officials in HHS are trying to defraud consumers by luring them into financially risky insurance schemes, where there is a genuine possibility that they will not receive the services for which they will pay. We know this because it has already happened…”
Read more: http://www.americanthinker.com/blog/2016/04/feds_blow_off_house_subpoena_for_obamacare_coop_documents.html#ixzz46TqoBbcW
We know this because it has already happened
I followed the link, but didn’t find any examples of consumers not receiving services that they paid for.
Just following the link isn’t enough though that’s how you tend to roll.
No, Jim you actually have to READ the post. Right after the statement I quoted are two well known examples that’s been corr0borated many times.
Get Ready for Huge Obamacare Premium Hikes in 2017
“Amid rising drug and health care costs and roiling market dynamics, the spokesperson for the nation’s health insurers is predicting substantial increases next year in Obamacare premiums and related costs.
Without venturing a specific percentage increase, Marilyn Tavenner, the president and CEO of America’s Health Insurance Plans (AHIP), said in an interview with Morning Consult that the culmination of market shifts and rising health care costs will force stark increases in health insurance rates in the coming year.”
Bend the cost curve down……
Save families $2500 year…..
Get rid of bad apple insurance only…….
Like your doctor keep your doctor……………
hahahahaha long past their expiration date.