Business, Economics, Health, Media Criticism, Political Commentary

The Collapse Of ObamaCare

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The money-losing insurance companies pulling out of the market next year could be a huge election gift to Republicans. Not just for Congressional races, if the message is “we’re going to repeal it, and a Republican in the White House will sign that bill.”

[Update a while later]

ObamaCare insurers are suffering. That won’t end well.

8 thoughts on “The Collapse Of ObamaCare”

  1. Obamacare cannot be repealed. Bills for revenue must originate in the House, but Obamacare was introduced in the Senate. It is not a law. It is gangsterism.

    All that us needed is for a Republican president to start prosecuting people who are Obamacaring under false color of law. Then zero out the capital stock of every company that embezzled a subsidy from the Treasury.

  3. “”We have insurance, but can’t afford to use it,” one New Jersey man told The New York Times.”

    Hahahah yeah so much for insuring more people:

    Many Say High Deductibles Make Their Health Law Insurance All but Useless

    By ROBERT PEARNOV. 14, 2015

    WASHINGTON — Obama administration officials, urging people to sign up for health insurance under the Affordable Care Act, have trumpeted the low premiums available on the law’s new marketplaces.
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    But for many consumers, the sticker shock is coming not on the front end, when they purchase the plans, but on the back end when they get sick: sky-high deductibles that are leaving some newly insured feeling nearly as vulnerable as they were before they had coverage.

    “The deductible, $3,000 a year, makes it impossible to actually go to the doctor,” said David R. Reines, 60, of Jefferson Township, N.J., a former hardware salesman with chronic knee pain. “We have insurance, but can’t afford to use it.”
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    In many states, more than half the plans offered for sale through HealthCare.gov, the federal online marketplace, have a deductible of $3,000 or more, a New York Times review has found. Those deductibles are causing concern among Democrats — and some Republican detractors of the health law, who once pushed high-deductible health plans in the belief that consumers would be more cost-conscious if they had more of a financial stake or skin in the game.

    “We could not afford the deductible,” said Kevin Fanning, 59, who lives in North Texas, near Wichita Falls. “Basically I was paying for insurance I could not afford to use.”

    He dropped his policy.

    As the health care law enters its third annual open enrollment period, premiums and subsidies have been one of the administration’s main selling points.
    …………….

    http://www.nytimes.com/2015/11/15/us/politics/many-say-high-deductibles-make-their-health-law-insurance-all-but-useless.html

    1. A $3000 deductible is actually pretty good. Mine went from $2000 to $6450, the out of pocket cap. I pay everything out of pocket and will likely never have insurance cover anything. Even if I do come down with something catastrophic, I still have to shell out about $10k a year. I’d be better off throwing the money I spend on premiums into an HSA and continuing paying out of pocket for everything.

      One of the few independent doctors to survive the Obama era in my area is running commercials for direct pay, no insurance, same day appointments, and cheaper services.

      1. I have great insurance that my company primarily pays, and I have an HSA. What I have found is even for me, it is better to pay direct. In fact, I’m starting to think of it as the best thing about Obamacare, as it is bringing back the notion of paying the doctor directly. I’m not fooled though. The lesson the Progressives will take is to go have the Insurance companies fail and resort to Federal Government as insurer for all rather than insurer of last resort.

  4. “But but but but we have to DOOOOOOOOOO something! This is a CRISIS and healthcare is a RIGHT!”

    Remember this the next time leftist politicians tell you there’s a “crisis” and they’re going to “fix” it. Telling a four-year-old who wants to play with matches and risk setting the house on fire isn’t “obstructionism,” it’s badly needed adult supervision.

  6. I am paying more than ever for insurance, but with a deductible so high that I have to get persistently ill to get past it.

    I was sick during much of the summer, and now I’m over the deductible. Well, that was (not) fun. So much for our socialist paradise.

    Anyway, I thought the whole point of Obamacare was to fail so massively that people would demand single payer. Part 1: Approaching completion; Part 2: ?

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