Aetna Insurance Little By Little Pulling Almost Completely Out of ObamaCare

THE WORST KEPT SECRET, OBAMACARE IS A COMPLETE FAILURE.

Don’t look now but Aetna has announced that it will drastically scale back its Obamacare presence next year. Aetna said it will scale back from participating in 15 states this year to just four states in 2017. Aetna will only sell Obamacare products in Delaware, Iowa, Nebraska and Virginia. This on the foot heels of pullbacks from other major insurers, including UnitedHealthcare and Humana. There is a possibility that certain.  Obamacare marketplaces may have no insurance carriers for individual’s coverage. Sorry to say I told you so, but we did. This was doomed from the outset. This was the most flawed law ever to be enacted and it was designed to fail so that Democrats could give us a single health payer system that will be even more disastrous.

In a blow to the health care law, Aetna — one of the largest health insurers in the country — announced Monday that it will significantly scale back its presence on the ObamaCare marketplaces next year.

The move comes as a range of insurers have complained of financial losses on the ObamaCare marketplaces.

The company said it will scale back from participating in 15 states this year to just four states in 2017.

“As a strong supporter of public exchanges as a means to meet the needs of the uninsured, we regret having to make this decision,” Aetna CEO Mark Bertolini said in a statement, citing a loss of $200 million in the second quarter.

The Obama administration argued the move is not a sign that the ObamaCare marketplaces are in trouble.

More Americans Disapprove Than Approve of Obamacare Health Care Law

Imagine that, in 2016 a majority of Americans still thinks Obamacare stinks …

According to a PEW Research Center poll, a majority of Americans still have a negative view of Obamacare. Five years after the law where Nancy Pelosi stated, we needed to be passed to find out what was in it,” 54% of Americans disapprove of Obamacare. Hot Air opines, “One interesting finding of the poll is how little opinions have changed since Pew began surveying the topic in early 2012. It appears positions on both sides of the aisle have fluctuated a bit over time as big events such as the disastrous roll-out or the Supreme Court ruling become news, but things gradually return to the same basic standoff.” However, it marks yet another failure and a broken promise to Republican voters who voted in GOP majorities to the House and US Senate as they claimed they would abolish Obamacare. Guess what, they lied, just like Obama did. Republican politicians did nothing to stop Obamacare. And the establishment Republicans wonder why Donald Trump looks like he might be the Republican party presidential nominee in 2016?

The public’s views of the Affordable Care Act, which were evenly divided following the Supreme Court’s ruling last summer upholding a key section of the law, are again more negative than positive. Currently, 44% approve of the 2010 health care law, compared with 54% who disapprove of the law.

In July 2015, after the Supreme Court upheld the federal government’s ability to provide insurance subsidies through federal exchanges, nearly equal shares approved (48%) as disapproved of the law (49%). Over the prior two years, somewhat more disapproved than approved of the law.

However, the balance of opinion about the law’s impact on the country has grown less negative over the past three years, even as slightly more continue to see the impact as negative than positive. Currently, 44% say the law’s impact on the country has been mostly negative, 39% say it has been mostly positive and 13% say it has not had much of an effect. In December 2013, amid the flawed rollout of the health exchanges, opinions about the law’s impact on the country were much more negative than positive: 49% saw its impact as largely negative while fewer than half as many (23%) said it had had a positive effect on the country as a whole (22% said it hadn’t had much of an effect).

Since that point, positive views of the law’s impact on the country have increased 16 percentage points (from 23% to 39%), while there has been a modest decrease in negative views (49% then, 44% today).

UnitedHealth Group to Exit Obamacare Exchanges in All but a ‘Handful’ of States

HOW’S THAT OBAMACARE HOPEY, CHANGEY STUFF WORKING OUT FOR YA AMERICA?

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.

As the Right Wing News opines, “If only someone had predicted this …”.

UnitedHealth Group, the nation’s largest health insurer, said Tuesday that in 2017 it will exit most of the 34 states where it offers plans on the Affordable Care Act insurance exchanges.

“We will be down to a handful of states that we will be actively participating in the exchanges,” Stephen J. Hemsley, chief executive officer of UnitedHealth Group said in an earnings call, noting that the small market size and greater expense of patients insured through the marketplaces led the insurer to make the decision.

UnitedHealth plans to withdraw from health insurance marketplaces in Arkansas, Michigan, Connecticut and parts of Georgia. The decision is a sequel to an announcement by executives late last year that the insurer had suffered financial losses and might leave the health exchanges altogether in 2017. UnitedHealth reported that it expects to lose $650 million in the exchanges in 2016.

Prior to the call, the Obama Administration attempted to downplay any departures from UnitedHealth.

Health 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.

House of Representatives Passes ObamaCare Repeal and Sends it to President … VETO Expected

The House of Representatives passes legislation yesterday that would repeal much of Obamacare and defund Planned Parenthood for one year. The bill passed by a vote of 240 to 181 margin and was sent to Barack Obama, who is most certainly going to veto it. The GOP does not appear to have enough votes override a veto. It makes one wonder then, why did the Republicans bend over to Obama and provide him with a budget just recently that funded all of Obamacare, Planned Parenthood and the rest of his liberal agenda? Is anyone in Washington, DC looking out for “We the People”? It is the first time in 5 years that the GOP has put a bill forward on the desk of Obama that repeals Obamacare.

The House on Wednesday passed legislation that would repeal much of ObamaCare and defund Planned Parenthood for one year, sending the measure to President Obama’s desk.

The bill passed by a vote of 240 to 181. Rep. Collin Peterson (Minn.), who opposes abortion, was the only Democrat to vote for the measure. Reps. Bob Dold (Ill.), Richard Hanna (N.Y.) and John Katko (R-N.Y.), who all hail from swing districts, were the only Republicans to vote against it.

Obama is certain to veto the measure, but Republicans touted the vote as important step toward reversing the Affordable Care Act and the expansion of government it created.

“We are confronting the president with the hard, honest truth: ObamaCare doesn’t work,” Speaker Paul Ryan (R-Wis.) said Wednesday.

Republicans were able to get the repeal bill through the Senate, where Democrats had filibustered previous efforts, by using a fast-track process known as reconciliation that allows the bill to pass with a simple majority.

Democrats denounced the measure on the House floor, repeatedly invoking the roughly 16 million people enrolled in ObamaCare programs.

The GOP better do a lot more than just put bills in front of the President. They best come up with alternatives and provide a choice for Americans.