RSSHealth Insurance Companies Warn Losses from ObamaCare are Unsustainable
WE WARNED YOU … ObamaCare is Unsustainable.
Gee, what a shock that insurance companies are hemorrhaging money from the Obamacare plans. As Hot Air opines. either they need to get approval from state regulators for another round of large premium increases, or they may bail out altogether. Don’t the insurance carriers get it, Obamacare was never supposed to work. It was supposed to damage insurance companies to pave the way for what Obama really wanted, a single payer system controlled by the government.
This Liar wanted Single Payer all along
Health insurance companies are amplifying their warnings about the financial sustainability of the ObamaCare marketplaces as they seek approval for premium increases next year.
Insurers say they are losing money on their ObamaCare plans at a rapid rate, and some have begun to talk about dropping out of the marketplaces altogether.
“Something has to give,” said Larry Levitt, an expert on the health law at the Kaiser Family Foundation. “Either insurers will drop out or insurers will raise premiums.”
While analysts expect the market to stabilize once premiums rise and more young, healthy people sign up, some observers have not ruled out the possibility of a collapse of the market, known in insurance parlance as a “death spiral.”
In the short term, there is a growing likelihood that insurers will push for substantial premium increases, creating a political problem for Democrats in an election year.
Insurers have been pounding the drum about problems with ObamaCare pricing.
The Blue Cross Blue Shield Association released a widely publicized report last month that said new enrollees under ObamaCare had 22 percent higher medical costs than people who received coverage from employers.
“Something has to give,” said Larry Levitt, an expert on the health law at the Kaiser Family Foundation. “Either insurers will drop out or insurers will raise premiums.”
While analysts expect the market to stabilize once premiums rise and more young, healthy people sign up, some observers have not ruled out the possibility of a collapse of the market, known in insurance parlance as a “death spiral.”
In the short term, there is a growing likelihood that insurers will push for substantial premium increases, creating a political problem for Democrats in an election year.
Insurers have been pounding the drum about problems with ObamaCare pricing.
The Blue Cross Blue Shield Association released a widely publicized report last month that said new enrollees under ObamaCare had 22 percent higher medical costs than people who received coverage from employers.
And a report from McKinsey & Company found that in the individual market, which includes the ObamaCare marketplaces, insurers lost money in 41 states in 2014, and were only profitable in 9 states.
Posted April 16, 2016 by Scared Monkeys Healthcare, Healthcare.gov, Obamacare, Obamanation, Socialized Medicine | 4 comments |
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4 Responses to “Health Insurance Companies Warn Losses from ObamaCare are Unsustainable”
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Every Democrat Senator and Representative in the Congress who voted for the Affordable Care Act should be charged with treason against the people and when convicted, the death penalty should be carried out.
There are also five judges on the Supreme Court that should be removed for bad behavior when John Roberts rewrote the act to declare it a tax.
The people should demand the destruction of the Democrat Political party by desertification in every state.
the house and senate should both have the same health care that is forced upon the American people Obamacare= complete failure
the house and senate should both have the same health care that is forced upon the American people. Obamacare= complete failure
[...] UnitedHealth Group plans to withdraw from many Obamacare exchanges leaving them only in a handful of states. Due to tremendous loses UnitedHealth plans to withdraw from health insurance marketplaces in Arkansas, Michigan, Connecticut and parts of Georgia. They are expected to lose $650 million in the exchanges in 2016 and due to these deep loses may leave the Obamacare exchanges altogether in 2017. We warned you from the outset of this fool-hearty, government take over of healthcare that Obamacare was a lie and affordable. The fact that Obamacare is really called the Affordable Health Care Act may just be one of the greatest lies and hoaxes every perpetrated on the American People. Recently insurance carriers warned that Obamacare was unsustainable. [...]