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Wednesday, May 04, 2016

Obamacare's November Surprise

The last thing Democrats want to contend with just a week before the 2016 presidential election is an outcry over double-digit insurance hikes as millions of Americans begin signing up for Obamacare. 

But that looks increasingly likely as health plans socked by Obamacare losses look to regain their financial footing by raising rates. 

Just a week after the nation’s largest insurer, UnitedHealth Group, pulled out of most Obamacare exchanges because it anticipates $650 million in losses this year, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable. 

“I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. "A number of carriers need double-digit increases.”

Source: Politico

4 comments:

Anonymous said...

What if you hold a party and nobody comes? That is where this is all headed. UHC pulling out is like a Tidal Wave in this mess and yet main stream media barely covered it. Watch out folks...its going to get ugly and Clinton is fighting a losing battle to keep the dinosaur alive.

Anonymous said...

Most democrats do not care. I know a democrat who has done nothing but complain about Obamacare, but will vote democrat regardless of the constant crap dished out.

Steve said...

This will be delayed until after the election. Doesn't anyone remember the last election? Same thing happened then.

Look it up.

Dumbasses won't.

Anonymous said...

Who are all these people with obamacare? I don't know one person that was forced to get insurance or pay a fine/penalty. Not really understanding why some many complain about it on here.