Posted on 08/16/2016 7:23:01 AM PDT by xzins
Exchanges collapsing, premiums skyrocketing, policies cancelled.
Remember when President Obama lied to us about 92 million times and said that if we liked our plan we could keep it?
That was fun…
Over the past year, we have seen major health insurance companies give up on the massive failure.
Now, one of the top health insurers has said enough is enough.
BREAKING: Top health insurer dropping out of most ObamaCare marketplaces https://t.co/fkErkcVR3d pic.twitter.com/RaQKisqcIp
— The Hill (@thehill) August 16, 2016
From The Hill:
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 in a blow to the health law.
The move from Aetna comes as a range of insurers have complained of financial losses on the ObamaCare marketplaces.The company said that it will scale back from participating in 15 states this year to just four states in 2017.
It cited a loss of $200 million in the second quarter.
Important to keep in mind that liberals love stuff like this so you won’t see them shedding any tears.
Heck, they almost nominated a guy in Bernie Sanders who openly brags about how he wants these companies to lose all their money and have to fire people.
Heck of a job there Mr. President!
I’m sure he will find some convoluted way to tell us things are going well because he knows this might be his biggest failure.
And that’s saying something.
Yeah, it’s devastating. But all part of the long-range plan to convert US Healthcare to a single payer system.
Can’t wait for Trump and friends to dismantle nobamacare.
Basically the insurance industry is arguing for the Fed to crank up the printing presses for them just like they did for the financial sector.
Listen the best part about this was @JoeNBC leading his trolls in a NeverTrump roundtable, and then right at the end, having to bump BREAKING NEWS ABOUT OBAMACARE IMPLODING.
Excellent!
You make a deal with the devil, you get burned.
No sympathy from me.
Aetna, I’m not glad I met ya.
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Two of the basic principles of an insurance-related industry are that: (1) the insurer must have some measure of control over costs, and (2) the insurer must be some mechanism for managing risk. In this age of modern medicine and upside-down demographics, medical insurance offers neither.
And this has nothing to do with whether the “insurer” is a private company or a government agency.
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The elephant in the room, that even you breezed over: health insurance....isn’t.
Insurance is for the UNKNOWN, the UNFORESEEN. Not every scrape/scratch and ache. It’s not so the g-parents have someone to TALK to every (other) week.
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The doctors will love it. They will get a fixed salary of around $250K/year and will be limited to seeing 3 patients a day. If you need to see the doctor...tough, you are on the waiting list, no matter the medical problem.
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Oh, you think the rich/elite/D.C. will be required to be so confined? As if there will be an addendum to make seeking medical services OUTSIDE of the U.S. illegal? As if Cankles herself would allow herself to be herded behind that pleeb masses?
How long would that even last (presuming they slipped it in to curry favor and get it passed)?
One more paragraph in some other 2k+ page omnibus bill, and, “Eh?! How did *THAT* get in there? I had NO idea what I was voting on!. Now, if you’ll excuse me, I have an appointment to make.”
Honestly, i don;t think we can fix things anymore, the best hope for freedom now lies in the concept of: Diaspora
The European Diaspora to the new world helped create the United States, a new Diaspora of freedom loving people to either Antarctica to live under ground or space colonies, will be the next “frontier” of freedom.
Forget about the $2,500 lie, watch Obongobongo promise that employers’ health care premiums will drop “by as much as 3,000 percent”:
http://www.youtube.com/watch?v=AdY5lVgcyCU
3. Is so right. When I still “kept my plan” that went up 100% a year, the year I had brain surgery (2014) I figured out that if we had paid for our health care that year straight up cash, we would have been better off than paying those $2000 premiums a month.
And now that I have health share and many things I must pay cash for, I shop around. I say no to various tests and treatments. But people with “coverage” just walk in and take all kinds of expensive meds and treatments. One doc didn’t know I was cash pay and walked in with a back brace when mine was sore. I had it at home when I was told it cost $700. Um, no. I didn’t like it anyway. I brought it back, doc wasn’t allowed to take it back, but he “wrote it off” and I didn’t have to pay for it. There is so much waste.
If we all paid for our medical services, with some kind of insura e for catastrophic only, costs would come down and there would be affordable services like there is for anything else in life. You can have tennis lessons at the Y or take them from Andre Agassi. Something for every budget. That is what we need.
Self-employed rant...
Prior to Obamacare, I paid $13,500 annually not subject to deductibles for regular visits. But today, the Idiot has me paying $18,900 annually which accounts for the effective deductibles for regular visits. And we lost our doctors.
I’m paying 40% more for health care that is far more restrictive, complicated, and annoying! The Democrat Party totally sucks ass.
Single payer like the VA? Will that fly? I don’t think so.
You might be interested in my reply above. My reply seems to be what you have experienced under Obozocare.
http://www.freerepublic.com/focus/news/3459994/posts?page=36#36
You experiences parallel ours and in particular our younger relatives.
I have posted before how our healthy younger adult family members are using walk in clinics when they need health care not at a hospital owned walk in clinic.
My Scottish DNA over the decades have shown that cash is great and enables one to negotiate with vendors of most services from healthcare to whatever. So our younger relatives have learned how to negotiate and shop.
Rxes even with a plan fall into this category. We have a fairly good rx plan. However, Walmart’s 90 day generic often beats the plan. I recently started a generic low dose anti statin drug, and our plan would have charged $30 for 90 days. Walmart provides the same generic for $2.25 for a thirty day supply, (they want you in the store and their monthly price is cheaper than their own 90 day price.) We shop regularly at Walmart, and they text us when our rxes are ready. My wife does this with three of her generics.
For name brand rxes not covered by our plan. We have used
the online services to get a deal. When we have the deal price, we present it to the Walmart chief pharmacist. Most of the time he beats the deal. Then, we send copies of the receipts to our drug plan. Most of the time they come up with a 90 day plan with their “new” formulary that beats the Walmart deal. If not we still have the best price in our area at Walmart.
Negotiating for equipment from CPAP gear to walkers, knee scooters to ? if you don’t ask the provider to bill MediCare
can be done. I had a serious foot operation and needed a knee scooter to get around. I negotiated a good price, and then 4 months later sold it back to the provider.
One of our SIL’s negotiates for her adult kids, their spouse, her grandkids and of course for her husband and her.
Healthcare is like so many things in our life. If you know how to negotiate, you can usually get a better deal.
Makes one wonder how much bartering is being done for health care these days. :)
About eight years too late to bitch about what the rest of us knew, Aetna
I believe that they don't come after the money you "owe" but withhold it from the next possible tax [refund] or something.
I can only guess if you fail to get insurance, it's treated like any other tax penalty and it's due immediately until you can get the IRS to agree to some kind of payment plan.
Of course, if you're "poor" enough, Uncle Sugar will shift some of your load onto the taxpayers. But that's after you actually enroll. You might be on your own to pay the penalty for skipping out (especially if you're a white, middle-aged Christian dude).
>> 4. Many good doctors, their nurses and office staff took early retirement to avoid dealing with Obama Care.
An important additional point.
Obama and the Democrat Party holds the ordinary family in contempt. Screw them.
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