The critics of Obamacare have been proven right. The Obama administration promised that health insurance premiums would go down. Instead, they have absolutely skyrocketed. The Obama administration promised that Obamacare would not kill jobs. Instead, firms are hiring fewer workers because of suffocating health care costs. As you will see below,even the Federal Reserve is admitting this. The Obama administration also promised that the big health insurance companies would love the new Obamacare plans and would eagerly compete with one another to win customers in the new health insurance marketplaces. Instead, many of the big health insurance companies are now dropping Obamacare plans altogether.
We witnessed the latest stunning example of this phenomenon just a few days ago. It turns out that Aetna has been losing hundreds of millions of dollars on plans sold through the health exchanges, and now they plan to pull out of the program almost entirely…
Earlier this week, Aetna, which covers about 900,000 people through the health exchanges created under Obamacare, announced that it would dramatically reduce its presence those exchanges. Instead of expanding into five new states this year, as the insurer had previously planned, the company said that it would drop out of 11 of the 15 states in which it currently sells under the law.
Aetna’s decision follows similar moves from other insurers: UnitedHealth announced in April that it would cease selling plans on most exchanges. Shortly after, Humana pulled out of two states, Virginia and Alabama. More than a dozen of the nonprofit health insurance cooperatives set up under the law—health insurance carriers created using government-back loans in order to spur competition—have failed entirely. While some insurers are entering the exchanges, even more are leaving.
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7 comments:
I was born in 1957 and next year turn 60! I've seen dramtic changes in the USA in my lifetime. Both of my parents and 6 of their seven siblings got college degrees and all but one became millionares. It really wasn't that hard. The economy was growing, jobs were easy to come by and raises came every year like clockwork. That generation had learned to take responsibility for themselves and to save relentlessly from living through the Great Depression! Seemed like everyone in those days owned a house, had a boat and played golf. Retirement was gauranteed and something to look forward too. Now, real economic prosperity has been replaced with economic deception. We are constantly told how good the economy is doing, as it limps along. What we are not told is that the Fed has been pouring gasoline on the economy for years with near zero interest rates, but can't get it take back off. We are also told the unemployment is down, but unfortunately the cause is nothing more than a drop in labor participation rate. People dropping out to be supported by the ones remaining is not prosperity. We have been told to take care of our brothers and I concur; but this meant something very different in the 60s and 70s. Now the Globalist have open our borders. We can not afford to take care of the world, by simply sharing the excesses from an anemic economy. Something has to give. Its time to make America Great Again!
While the insurance companies are leaving, many many of their "one time customers" are also leaving. We can't afford the rates and the deductibles!
It is impossible to give free stuff to people and get away with it. Eventually those from whom the money is taken, run out of money!
If carefirst goes up again I will have to cancel my plan. This will be the first time since the early 90s that I won't have health insurance. I will have to pay the fine government gives me. Cheaper then my insurance.
3:02
We are in the same boat. My husband's employer has three levels to pick from under Carefirst. Five years ago we were paying for the top one because it was a great policy. Since then we moved to the middle one and now we are at the bottom choice because of the cost. We now can't afford to go to the doctor because of a 2 thousand dollar deductible. We are paying double what we did 5 years ago and still can't go to the doctor.
Obamacare is an outrage.
It was never legal but the Supreme Court failed to do their duty and made it legal.
The government is corrupt to the core.
I don't trust the government and try my best to keep them out of my life.
It was never about the health coverage and I never needed to be proven right. I have been right on our failure in chief since 2007. Just can not get people to listen tot he truth. And people that have been damaged by Obamacare would gladly vote for him again and will vote for clinton. You simply cannot fix stupid.
Obamacare is a steaming hot pile.
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