Oh the Humanaity!
Posted on 11/07/2015 11:50:18 AM PST by SeekAndFind
The misbegotten mess known as the Patient Deflection and Unaffordable Care Act is really starting to collapse:
Humana said it will discontinue several products offered on government-run exchanges under the Affordable Care Act, impacting about 100,000 individuals currently covered by the insurer's plans across the country. The move, disclosed this morning in the company's third-quarter earnings report, comes due to higher-than expected medical costs from sick newly insured patients covered under the health law.
"Operating results for the company's individual commercial medical business continue to be challenged primarily due to the volatility related to the start of the healthcare exchange program created under the Affordable Care Act as well as the morbidity of membership served under this relatively new program," Humana said in a statement this morning.
The plans Humana will discontinue had "product designs which attracted a higher-utilizing member base than was assumed when the 2015 plan offerings were priced," the company said but didn't specify the kind of plans that will be pulled. "The transitory nature of the population served has also contributed to use of emergency room services and non-participating providers above priced-for levels."
As was pointed out early and often, by covering people with pre-existing conditions, Obamacare destroyed the whole point of insurance and turned it into another form of welfare. Its end cannot come too soon — but one suspects that was all part of the plan to force single-payer “healthcare” down our throats.
Think of the brain trust and all those MIT geniuses who came up with this bonafide disaster. The ulterior motive was to shove single payer down our throats.
The federal employees and federal politicians, and with labor unions, will all be exempted, however.
Of course they would. They are EXEMPT.
We know. The comment regards the statement ‘gop does nothing’. Just an observation that it’s ‘the GOP does nothing’ not to include sen Cruz
The press (the liberals) have wanted single payer all the time. They want the freedom for the rich to use a separate and superior system funded by themselves.
Oh the Humanaity!
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