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  • Licking Wounds, Insurers Accelerate Moves To Limit Health-Law Enrollment

    02/04/2016 2:30:57 PM PST · by Oldeconomybuyer · 9 replies
    Kaiser Health News ^ | February 4, 2016 | By Jay Hancock
    Stung by losses under the federal health law, major insurers are seeking to sharply limit how policies are sold to individuals in ways that consumer advocates say seem to discriminate against the sickest and could hold down future enrollment. In recent days Anthem, Aetna and Cigna, all among the top five health insurers, told brokers they will stop paying them sales commissions to sign up most customers who qualify for new coverage outside the normal enrollment period, according to the companies and broker documents. Last year, these "special enrollment" clients were much more expensive than expected because lax enforcement allowed...
  • Obamacare: 2016 sticker shock

    02/05/2016 2:30:52 PM PST · by HarleyLady27 · 24 replies
    Washington Examiner ^ | June 2, 2015 | Paige Winfield Cunningham
    Health insurers are proposing to raise Obamacare rates more than in the past - some by more than 70 percent - now that they are finally equipped with all the information they need to price those plans. Plans wanting to raise rates by at least 10 percent next year posted the proposed increase online Monday, as required by the 2010 healthcare law. Insurers are allowed to raise rates each year, but they must publish significant increases ahead of time. Insurers have sold plans in the law's new insurance marketplaces for two years in a row. But the difference in 2016...
  • CBO: Obamacare Costs to Increase in 2016 As Millions More Get Subsidized Insurance

    02/03/2016 9:17:16 PM PST · by Olog-hai · 7 replies
    Cybercast News Service ^ | February 2, 2016 | 4:40 PM EST | Barbara Hollingsworth
    Taxpayers will have to shell out an estimated $18 billion more to subsidize Obamacare in 2016 despite lower than expected enrollment in the health care exchanges, according to a forecast by the non-partisan Congressional Budget Office (CBO). In its latest 10-year economic forecast, CBO predicted that 13 million Americans would purchase health insurance through the Obamacare exchanges in 2016, with 11 million of them receiving government subsidies to help pay for their premiums. But that figure is 40 percent lower than the 21 million enrollees CBO predicted last year would sign up. ...
  • Trump: If You Don't Support Universal Health Care, You "Have No Heart"

    01/31/2016 12:06:45 PM PST · by conservativejoy · 108 replies
    IOTW Report ^ | 1/31/2016 | Aurelius
    Donald Trump went after Ted Cruz in an interview today, calling him "a total liar" for saying that Mr. Trump supports universal health care similar to ObamaCare. "Look, Ted Cruz is a total liar," Mr. Trump responded. "I am so against ObamaCare." Trump was then asked, "You say that Ted Cruz is a liar, but you have said that you want everyone to be covered on health care and the government's going to pay for it. How is that not ObamaCare?" "Well, that's true," Mr. Trump answered. "I want people taken care of. I have a heart. I want people...
  • ObamaCare

    01/31/2016 5:54:21 AM PST · by fella · 16 replies
  • Uncomfortable Question for Ted Cruz on Obamacare Silences the Room

    01/30/2016 10:24:06 PM PST · by jennychase · 56 replies
    NY Times ^ | 1/30/2016 | Matt Flegenheimer
    HUBBARD, Iowa — Senator Ted Cruz is often asked about doing away with President Obama’s health care law. He is rarely pressed by voters on what will replace it.
  • Drug Shortages Forcing Hard Decisions on Rationing Treatments

    01/29/2016 12:23:32 PM PST · by Nachum · 31 replies
    New York Times ^ | 1/29/16 | Sheri Fink
    CLEVELAND — In the operating room at the Cleveland Clinic, Dr. Brian Fitzsimons has long relied on a decades-old drug to prevent hemorrhages in patients undergoing open-heart surgery. The drug, aminocaproic acid, is widely used, cheap and safe. “It never hurt,” he said. “It only helps.” Then manufacturing issues caused a national shortage. “We essentially did military-style triage,” said Dr. Fitzsimons, an anesthesiologist, restricting the limited supply to patients at the highest risk of bleeding complications. Those who do not get the once-standard treatment at the clinic, the nation’s largest cardiac center, are not told. “The patient is asleep,” he...
  • Federal healthcare spending tops Social Security for the first time

    01/26/2016 6:40:06 AM PST · by artichokegrower · 22 replies
    The Hill ^ | 01/25/16 | Sarah Ferris
    The government spent $936 billion last year on health programs including Medicare, Medicaid and subsidies related to the Affordable Care Act, a jump of 13 percent from 2014, according to the Congressional Budget Office. Spending on Social Security, in contrast, totaled $882 billion, the Congressional Budget Office (CBO) reported.
  • Obamacare enrollment projections down nearly 40 percent

    01/25/2016 2:37:40 PM PST · by PROCON · 29 replies
    washingtontimes ^ | Jan. 25, 2016 | Stephen Dinan
    Obamacare enrollment is lagging far behind what economists had projected, the Congressional Budget Office said in a new report that cuts the total number of customers expected to buy plans on the exchanges from 21 million down to just 13 million this year. Of those, 11 million will be getting government subsidies - down from the 15 million the CBO had projected just a year ago. The updated projections came as part of the CBO's 2016 budget outlook, and confirm the administration's own dim estimates of how many people would take advantage of the health exchanges, which are at the...
  • Tab for John Kasich’s Ohio Obamacare expansion tops $6 billion

    01/22/2016 8:08:33 AM PST · by SeekAndFind · 7 replies
    Hotair ^ | 01/22/2016 | Jason Hart
    Ohio Gov. John Kasich’s Obamacare expansion passed another exciting milestone last month: $6 billion in new federal spending!Can you believe how generous Kasich is with your money? He’s a regular Prince of Light and Hope.Medicaid benefits for Ohio’s 650,000 Obamacare expansion enrollees cost $406 million in December. For context, that was more than the state’s higher education and criminal justice spending combined.If you’re a fan of Obamacare, this represents a rip-roaring success. If you’re not, I should clarify that we are, in fact, talking about the John Kasich who is running for president as a Republican.Since January 2014, Kasich’s...
  • Top Obamacare Official Accepts No Responsibility For Health Insurance Co-Op Fiascos

    01/21/2016 1:16:31 PM PST · by Nachum · 7 replies
    Daily Caller ^ | 1/21/16
    The head of the agency that oversees President Barack Obama’s health-care legislation suggested it should not be held responsible for the 12 Obamacare health insurance co-ops that closed their doors to customers last year, according to prepared testimony he is scheduled to deliver today before the Senate Finance Committee. Andy Slavitt, acting administrator for Centers for Medicare and Medicaid Services (CMS), was not apologetic in his testimony and accepted no personal responsibility for the co-op failures in 15 states, according to an advance copy of his testimony obtained by The Daily Caller News Foundation. The closures sent millions of Americans...
  • Montana's ObamaCare Expansion: Over Budget On Day 1.

    01/20/2016 9:30:17 AM PST · by Kaslin · 3 replies
    Townhall.com ^ | January 20, 2016 | Nicholas Horton
    Montana legislators were able to shut down Democratic Governor Steve Bullock's attempts to expand ObamaCare in Big Sky Country for two years. But in 2015, with the help of Ohio Governor John Kasich and some legislative trickery, Bullock and his pro-ObamaCare allies got their way. A small group of moderate Republicans joined with the Democrats to change the legislature's procedural rules and yanked the bill to the floor for a vote. The bill passed narrowly, making Montana the only state in 2015 to legislatively authorize ObamaCare's Medicaid expansion. (Alaska Governor Bill Walker unilaterally expanded Medicaid in 2015, despite a clear...
  • UnitedHealth loses $720 million offering plans under Obamacare, may withdraw next year

    01/19/2016 7:31:34 PM PST · by Zakeet · 21 replies
    Washington Times ^ | January 19, 2016 | Tom Howell Jr.
    The nation's largest insurer said it booked $720 million in losses last year by offering plans under Obamacare, and warned Tuesday that it might still withdraw altogether from the health law by next year. UnitedHealth Group told investors that it expects more losses due to Obamacare in 2016, countering an otherwise upbeat earnings report for the company, and serving as a challenge to President Obama, who wants to leave the law on firmer footing. The administration brushed off the news, saying other major insurers are sticking by the exchanges and that it is focused on the final two weeks of...
  • Obamacare open enrollment deadline is Jan. 31, and penalties are stiffer this year

    01/19/2016 11:23:27 AM PST · by Citizen Zed · 13 replies
    la times ^ | 1-19-2016 | Paul Sisson
    With less than two weeks of open enrollment left, Covered California is reminding consumers that they will face increased penalties for not having health insurance this year. Since Obamacare's individual coverage requirement took effect in 2014, the federal government has imposed increasingly expensive fines to people who do not purchase coverage through health exchanges or obtain insurance through an employer or a government program such as Medicare. This year brings the highest penalty yet, Peter Lee, Covered California's executive director, said during a recent news conference. "This is real money going straight to the IRS, where the consumer gets nothing...
  • Congrats, Mississippi, you’re the only state where ObamaCare ISN’T making rates skyrocket!

    01/12/2016 9:48:21 AM PST · by Sean_Anthony · 4 replies
    Canada Free Press ^ | 01/12/16 | Robert Laurie
    Woohoo!!! -0.2%! #Winning! If you have the misfortune of living in any one of 49 states, I have bad news for you. The average 2016 healthcare premium is going to skyrocket thanks to ObamaCare. 17 states will see their rates jump by at least 20%, while five of them - Minnesota, Alaska, Tennessee, Hawaii, and Oklahoma - will see truly staggering increases of 30-47%. The majority will see double-digit increases. But, hey, why be so “glass 98% empty” about this? Obama has promised us that his namesake legislation is “working” and in one state it actually is. Sort of. Ok,...
  • A new study suggests the biggest worry about Obamacare never materialized

    01/10/2016 7:50:09 AM PST · by SeekAndFind · 33 replies
    Business Insider ^ | 01/10/2016 | Bob Bryan
    Around the time of the passing of the Affordable Care Act, known as Obamacare, many opponents of the law argued that it would change the way Americans worked for the worse. A new study suggests, however, that this doom-and-gloom scenario has not come to pass.Robert Kaestner, Anuj Gangopadhyaya, and Caitlyn Fleming from the University of Illinois and Bowen Garrett of the Health Policy Center examined the effects on the labor market of a Medicaid expansion that was introduced as part of the ACA.According to the study, there was fear that to qualify for Medicaid, workers may decrease work effort by...
  • Obamacare Tightens Yoke on Small Business

    01/04/2016 3:17:26 AM PST · by rootin tootin · 14 replies
    American Spectator ^ | 1/4/2016 | David Catron
    One of the worst of Obamacares ill-conceived provisions went quietly into effect on January 1. The employer mandate, previously inflicted only on businesses with 100 or more employees, will now be imposed on those with as few as 50. This mandate will prevent countless small employers from hiring workers they would otherwise have hired and incentivize many others to replace full-time employees with part-timers. It is such an obvious job killer that the Obama administration delayed enforcement until after the 2014 midterms, the liberal Urban Institute has called for its repeal, and it has even been obliquely criticized by Hillary...
  • ObamaCare's Not-So-Secret Plan To Force Everyone Into HMOs

    01/05/2016 4:45:15 AM PST · by IBD editorial writer · 10 replies
    Investor's Business Daily ^ | 1/4/2016 | Staff
    Health Reform: Americans unlucky enough to have to buy insurance through an Obama-Care exchange are increasingly finding their choices limited to highly restrictive and unpopular HMO plans. This isn't by accident.
  • Bill that would gut Obamacare would save half a trillion over next decade

    01/05/2016 8:20:38 AM PST · by SeekAndFind · 8 replies
    American Thinker ^ | 01/05/2016 | Rick Moran
    A bill that would repeal nearly all Obamacare taxes and mandates will save the taxpayer more than $500 billion over the next decade, according to the Congressional Budget Office. This is more than originally thought because Republicans successfully delayed the medical devices tax and the "Cadillac Tax" for several years. The Hill: Legislation to gut most of ObamaCare's mandates and taxes, known as Restoring Americans’ Healthcare Freedom Reconciliation Act, would reduce the deficit by $516 billion over 10 years, according to the Congressional Budget Office (CBO). The bill is expected to get a vote in the House this week,...
  • CBO: ObamaCare repeal bill would reduce deficits by half a trillion dollars over 10 years

    01/05/2016 7:18:03 AM PST · by Kaslin · 9 replies
    Hot Air.com ^ | January 5, 2016 | ED MORRISEY
    Plenty of Americans choose to reject ObamaCare to save themselves a boatload of money. Republicans in Congress believe the US budget should have that choice, and the CBO agrees with them that it would work, too. Their latest analysis of a bill that would repeal the major components of ObamaCare through the reconciliation process concludes that it would reduce federal deficit spending by $516 billion over the first ten years: Legislation to gut most of ObamaCare’s mandates and taxes, known as Restoring Americans' Healthcare Freedom Reconciliation Act, would reduce the deficit by $516 billion over 10 years, according to the...
  • Republicans Say They're Taking 'Our Best Shot' at Repealing Obamacare (after funding it)

    01/05/2016 5:08:47 AM PST · by Olog-hai · 21 replies
    Cybercast News Service ^ | January 4, 2016 | 9:51 AM EST | Susan Jones
    A few weeks after Congress passed critical spending legislation that fully funded Planned Parenthood and the Affordable Care Act, Republicans this week will take a symbolic stand by once again trying -- and failing -- to repeal the law. "We owe it to the American people to take our best shot at repealing Obamacare, and that's what we'll do next week," Rep. Vicky Hartzler (R-Mo.) said Saturday in the Republican radio address. ...
  • Many See I.R.S. (Obamacare) Fines as More Affordable Than Insurance

    01/03/2016 4:31:51 AM PST · by reaganaut1 · 63 replies
    New York Times ^ | January 3, 2016 | Abby Goodnough
    ... A recent analysis by the Kaiser Family Foundation found that more than seven million people who are eligible for exchange coverage would pay less in penalties than for the least expensive insurance available to them. More than half would not qualify for subsidies, the analysis found. Ben Wakana, a spokesman for the Department of Health and Human Services, said people would still be better off buying insurance. "We understand some people may be thinking through their choice of coverage, but going without health insurance is a serious gamble that can be catastrophic if wrong," Mr. Wakana said. Many holdouts...
  • The Obamacare Scam Just Got A Lot Worse

    For the first time in American history, healthcare insurance has become too expensive to either buy or not buy, thus leaving many of us in quite the precarious financial dilemma, all courtesy the biggest scam ever pulled on the American people: Obamacare. CNBC explained that the penalty for not purchasing healthcare insurance for 2016 will cost us an average of $738 to $1,450, depending on our income levels. Those are just the expected averages, however. According to the actual Obamacare website, the penalty will be either 2.5 percent of our income or $695 per adult and $347.50 per child, to...
  • And now, ladies and gentlemen, your new, bigger, 2016 ObamaCare penalties

    01/01/2016 12:20:36 PM PST · by Sean_Anthony · 31 replies
    Canada Free Press ^ | 01/01/16 | Dan Calabrese
    Happy New Year, suckers That “affordable” health care the Democrats gave us in 2010 - on a reconciliation vote when none of them had read the entire 2,000-plus-page bill - sure keeps getting harder to afford. Of course, since ObamaCare is an unconstitutional mandate on individuals to purchase a product offered by private companies, it’s also quite difficult to afford not buying it - even though the product itself continues to devolve further into craptasm. Welcome to 2016, where the penalty you’ll face for not buying a product that’s now a bigger ripoff than ever will explode as follows:
  • White House Tries To Put Lipstick On The ObamaCare Enrollment Pig

    12/26/2015 11:14:07 AM PST · by Libloather · 12 replies
    Investors ^ | 12/24/15
    **SNIP** But even if enrollment tops 12 million, that's barely more than had signed up last year - when the administration said 11.7 million had enrolled. Whatever the number is, it's inflated, because the administration counts anyone who went through the process of selecting a plan, not those who have actually paid for it. It would be like Amazon counting anything anyone put in their shopping cart as a sale. Last year, the initial 11.7 million "enrollees" had dropped by 25% once the non-payers got subtracted out. That's why the White House figures that, by the end of next year,...
  • Ryan promises vote next month to roll back ObamaCare, on Obama's desk before State of Union

    12/17/2015 12:15:52 PM PST · by Cincinatus' Wife · 70 replies
    The Hill ^ | December 17, 2015 | Sarah Ferris
    Speaker Paul Ryan (R-Wis.) said Thursday that House members will vote on a rollback of ObamaCare as one of their first acts of 2016. "When we return in January, the House will put an ObamaCare repeal bill on the floor and pass it and put it on the president's desk," Ryan told reporters Thursday. "We are going to keep working to give families relief from this law while we work to dismantle and replace it altogether." The vote on the legislation, which has already passed the Senate, will set up a veto battle with the White House just ahead of...
  • Trump: Roberts 'Disgraceful' on High Court; Thomas Is Favorite

    12/12/2015 12:34:08 PM PST · by Hojczyk · 114 replies
    Newsmax ^ | December 12, 2013
    Supreme Court Chief Justice John Roberts is "disgraceful" and a "disappointment" to conservatives, Republican presidential candidate Donald Trump said Saturday, while praising Associate Justice Clarence Thomas is his favorite member of the high court. "Justice Roberts really let us down. What he did with Obamacare was disgraceful, and I think he did that because he wanted to be popular inside the Beltway," Trump told about 4,000 supporters. The celebrity billionaire was referring to the chief justice twice voting to uphold key provisions of President Barack Obama's 2010 health care law and to the expressway around the District of Columbia, an...
  • The Biggest Threat To Obamacare Is Already Written Into Law: No Insurance Industry Bailouts

    12/12/2015 5:56:34 AM PST · by Zakeet · 14 replies
    Forbes ^ | December 10, 2015 | John C. Goodman
    When Barack Obama was campaigning for the presidency in 2008 and when he was selling Obamacare to the public in 2010, he made insurance companies the villains. In fact, on the eve of the passage of the Affordable Care Act, every Democratic spokesperson who appeared on TV to support the health reform legislation had one and only one argument to make: We needed Obamacare to protect ordinary people from ruthless, profit mongering insurance companies. They said almost nothing about insuring the uninsured or controlling costs or making health care delivery more efficient. Instead, every advocate produced at least one example...
  • That Obamacare penalty will be bigger than you think

    12/09/2015 10:32:48 AM PST · by Red Badger · 34 replies
    www.cnbc.com ^ | 12/09/2015 | Dan Mangan
    The stick's getting a lot bigger — but it's not clear that many more people will choose the carrot as a result. Households that opt to go without health insurance in 2016 are set to get hit with an average Obamacare fine of $969. That is 47 percent higher than the average $661 penalty per uninsured household for this year, a new analysis by the Kaiser Family Foundation revealed Wednesday. And households without insurance that earn too much to qualify for financial aid to buy Obamacare plans will pay an even larger fine for 2016 — an average of $1,450,...
  • This One Chart Explains Why Healthcare is So Expensive

    11/30/2015 7:23:50 AM PST · by all the best · 39 replies
    The Libertarian Republic ^ | November 30, 2015 | Keith Farrell
    The left will tell you we need more government involvement in healthcare. What they don’t realize is that increased regulation and government involvement are exactly what caused healthcare costs to rise dramatically over the past 30 years. There are several reasons why government-run healthcare is a disaster. Economist explain how the government subsidized third party payer system separates consumers from prices and how such a system kills competition. But there is an even more immediate effect– the booming costs of administering a system of complex regulations. Government healthcare necessitates armies of bureaucrats. Take Medicare, for instance: not only does every...
  • 2014 US health spending grew at fastest rate of Obama years

    12/05/2015 1:04:48 PM PST · by Olog-hai · 3 replies
    Associated Press ^ | Dec. 2, 2015 5:44 PM EST | Ricardo Alonso-Zaldivar
    U.S. health care spending last year grew at the fastest pace since President Barack Obama took office, driven by expanded coverage under his namesake law and by zooming prescription drug costs, the government said Wednesday. After five years of historically low growth, national health expenditures increased by 5.3 percent in 2014, reaching $3 trillion, or $9,523 for every man, woman and child. That followed a 2.9 percent increase for 2013. Such seemingly small percentage shifts resonate when the total is $3 trillion. The report by nonpartisan experts at the Department of Health and Human Services is an annual snapshot of...
  • Obamacare Enrollees Are Reeling from High Deductibles

    11/16/2015 11:54:20 PM PST · by Brad from Tennessee · 51 replies
    Fiscal Times ^ | November 16, 2015 | By Eric Pianin
    First, the administration revealed that enrollments for Obamacare next year will barely hit 10 million, far below previous projections. Then last week, the consulting firm of McKinsey & Company estimated that premiums for policies under the Affordable Care Act, also known as Obamacare, were going up substantially in 2016. For instance, the median rate increase for the lowest priced, highly popular “Silver” plan will rise by 11 percent – compared to just a seven percent increase in 2015. Now there are troubling reports that consumers will be facing soaring out-of-pocket costs for deductibles next year – increases that in many...
  • Obama-Scare: Biggest US health insurer might leave exchanges

    11/19/2015 5:10:43 PM PST · by lbryce · 10 replies
    Fox ^ | November 19, 2015 | Staff
    The nation’s largest health insurer fired a shot across the bow of ObamaCare on Thursday, citing flagging enrollment and high-risk customers in suggesting it may have to pull out of the exchanges in 2017. UnitedHealth Group raised the alarm in an earnings update Thursday morning, with CEO Stephen J. Hemsley warning of dimming conditions in the market. He pointed to lower enrollment forecasts and a concern that the exchanges are increasingly taking on less healthy – and therefore more costly – customers. “In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data...
  • UnitedHealth's Warning Shows How Medicaid Is Taking Over Obamacare

    11/19/2015 7:03:23 PM PST · by GilGil · 9 replies
    Forbes ^ | 11/19/2015 | Scott Gottlieb
    In short order, Obamacare is evolving into a Medicaid marketplace. Not only in terms of the design and quality of the narrow-network plans that are being offered, but in the actual carriers that sell those policies. Obamacare’s costly regulations mean that the mix of people who sign up are tending to be older and sicker. Many young and otherwise healthy individuals continue to be priced out of the exchanges, even after the benefit of federal subsidies are baked into their costs. Meanwhile, it’s the Medicaid managed care companies that are growing the number of plans they market on the exchanges....
  • Obamacare’s Bait and Switch Has Left Consumers Scrambling in 2016

    11/19/2015 7:45:20 PM PST · by Lorianne · 14 replies
    Yahoo News ^ | 19 November 2015 | Edward Morrissey
    The New York Times reported this weekend, even the words “affordable” and “care” have turned out to be untrue as well. The sharp rise in premiums has garnered the most headlines in the first three open-enrollment seasons of Obamacare, but equally if not more pernicious has been the increase in deductibles. As Eric Pianin explained for The Fiscal Times on Monday, deductibles have increased an average of 11 percent on Bronze level plans for 2016, intended to be the most affordable of all options, and now average over $5700. For Silver level, deductibles rose 6 percent and now average over...
  • New ObamaCare angst as top insurer threatens to bail - payout to insurers is .13 on every $1.00

    11/20/2015 3:56:44 AM PST · by Cincinatus' Wife · 59 replies
    The Hill ^ | November 20, 2015 | Sarah Ferris
    A threat by the nation's largest health insurer to pull out of ObamaCare is a sign of the industry's growing angst about the viability of the federal exchanges, sources close to the industry say. UnitedHealthcare's warning sent new shockwaves across the healthcare sector after weeks of mounting anxiety among private insurers whose participation in the exchanges is critical to the viability of the president's signature law. In the last month alone, insurers have learned that the Obama administration has significantly lowered its expectations for new customers and will have far fewer federal dollars to help cushion insurer losses. "We've been...
  • GOP senator: HHS answers on ObamaCare co-ops not enough

    11/19/2015 8:55:26 PM PST · by Brad from Tennessee · 5 replies
    The Hill ^ | November 19, 2015 | By Peter Sullivan
    Sen. Ben Sasse (R-Neb.) said Thursday that he is not satisfied with a new letter from the Obama administration about ObamaCare co-ops, and is continuing to block the confirmation of health-related nominees. The Nebraska senator has vowed to block confirmation of all nominees to the Department of Health and Human Services until he gets the answers he wants about the failure of ObamaCare’s co-op health plans. Twelve of the 23 co-ops — nonprofit health insurers set up under ObamaCare and meant to compete with established companies — have failed because of financial problems. Sasse has written a series of letters...
  • UnitedHealth Group May Leave Obamacare Exchanges By 2017

    11/19/2015 9:29:12 AM PST · by Olog-hai · 23 replies
    Forbes ^ | Nov 19, 2015 @ 06:28 AM | Bruce Japsen
    UnitedHealth Group, in a surprising announcement, said this morning it has revised its profit expectations for the rest of the year due to what it called a "deterioration" of its individual commercial insurance offerings on government-run exchanges under the Affordable Care Act and offered no commitment it would stay in the business beyond next year. The nation's largest health insurer said it was "evaluating the viability of the insurance exchange product segment," pulling back on its marketing efforts for individual exchange products for next year and "will determine during the first half of 2016 to what extent it can continue...
  • UnitedHealth Group: Nation's largest insurer may exit Obamacare due to losses

    11/19/2015 7:48:17 AM PST · by SeekAndFind · 34 replies
    Washington Examiner ^ | 11/19/2015 | Philip Klein
    UnitedHealth Group, the largest insurance company in the U.S., on Thursday slashed its earnings outlook, citing new problems related to Obamacare, and told investors it may exit the program's exchanges. "In recent weeks, growth expectations for individual exchange participation have tempered industrywide, co-operatives have failed, and market data has signaled higher risks and more difficulties while our own claims experience has deteriorated," Stephen J. Hemsley, chief executive officer of UnitedHealth Group, explained in a press release. The release added that, "UnitedHealthcare has pulled back on its marketing efforts for individual exchange products in 2016. The company is evaluating the viability...
  • Many say high deductibles make Obamacare all but useless

    11/14/2015 8:31:20 PM PST · by Brad from Tennessee · 103 replies
    New York Times via CNBC ^ | November 14, 2015 | By Robert Pear
    WASHINGTON — Obama administration officials, urging people to sign up for health insurance under the Affordable Care Act, have trumpeted the low premiums available on the law's new marketplaces. But for many consumers, the sticker shock is coming not on the front end, when they purchase the plans, but on the back end when they get sick: sky-high deductibles that are leaving some newly insured feeling nearly as vulnerable as they were before they had coverage. "The deductible, $3,000 a year, makes it impossible to actually go to the doctor," said David R. Reines, 60, of Jefferson Township, N.J., a...
  • Mass exodus! U.S. doctors fleeing medicine

    11/14/2015 4:59:44 PM PST · by E. Pluribus Unum · 70 replies
    WND.com ^ | 11/14/2015 | Greg Corombos
    Mountains of Obamacare-related paperwork and the threats of severe fines for the slightest errors are forcing many doctors to retire and others to shut down their practices and work under the protection of hospitals, andall of it spells bad news for patients.Galen Institute President Grace-Marie Turner says the exodus is alarming, as evidenced by aPhysicians Foundation reportshowing the number of doctors who say they run an independent practice has dropped from 62 percent in 2008 to 35 percent in 2014. The survey of 20,000 physicians also shows only 17 percent in solo practice. Eighty-onepercent of doctors are at full capacity...
  • Doctors, Hospitals Say 'No' to Obamacare Plans

    11/04/2015 10:12:31 PM PST · by Brad from Tennessee · 39 replies
    US News & World Report ^ | November 4, 2015 | By Kimberly Leonard
    Government health officials worked diligently this year to improve consumer experience on Healthcare.gov and make sure people know what they are getting for their money when they pick health insurance. But one thing is out of the government's control: whether doctors and hospitals will agree to accept patients who buy these plans. Surveys and data are limited, so it's difficult to gauge the extent of the issue, but anecdotal evidence from patients and providers show it is a struggle. Some newly insured patients wonder whether it's worth paying for coverage they can't actually use. Even when they do find a...
  • Obamacare is dead

    11/05/2015 3:59:11 PM PST · by GilGil · 71 replies
    National Review ^ | 11/4/2015 | Kevin Williamson
    the so-called Patient Protection and Affordable Care Act (ACA) has failed. The grand vision of an efficient pseudo-market in health insurance under enlightened federal management — the heart of Obamacare — is not coming to pass. Obamacare, meaning the operating model that undergirded the law that Congress passed and President Barack Obama signed with great fanfare — is dead, and it will not be revived. What remains is fitful chaos.
  • Your Health Insurance Premiums Are About To Go Through The Roof -The Stunning Reason Why

    11/02/2015 2:55:12 PM PST · by amorphous · 32 replies
    Zero Hedge ^ | 2 Nov 2015 | Tyler
    After years of delays and failed launches, Obamacare has finally taken hold, and with it the economic and financial implications from this mandatory tax are finally being felt. We have extensively covered how Obama's Affordable Care Act will end up being a failure, observing both the economic implications in "In Latest Obamacare Fiasco, Most Low-Income Workers Can't Afford "Affordable Care Act" as well as its operational shortcomings in "Obamacare Is A Disaster: Co-Op Insurers Across America Are Collapsing, And Now There Is Fraud", paradoxically even as Obamacare - a tax - was according to the BEA the single biggest contributor...
  • Make sure you're covered [Email from nobama]

    11/02/2015 5:03:39 PM PST · by upchuck · 20 replies
    email | November 2 2015 | Obama
    Since the Affordable Care Act has taken effect, more than 17.5 million Americans have gotten covered. That's a lot of people resting easier at night, knowing they no longer have to worry about how they'll pay for a doctor visit, or whether a sudden illness could leave them deeply in debt. I think every American deserves to have that peace of mind. Starting now, people who need coverage for 2016 once again have the chance to get quality, affordable health insurance through the marketplace. If you still don't have health insurance for next year, financial assistance may be available. Check...
  • I'm Saving $950 Per Month On Health Insurance!

    11/01/2015 6:48:07 AM PST · by appeal2 · 31 replies
    www.FinancialSurvivalNetwork.com ^ | November 1, 2015 | Kerry Lutz
    I interviewed Dale Bellis the person who's taking health cost sharing to the next level. It's becoming a movement and way to avoid the ravages of Obamacare and rising health care expenses. Liberty Health Share is defined as a Health Care Sharing Ministry and is specifically exempted from Obamacare. I signed up in August of this year and I'm saving $950 per month off my health coverage since I found LibertyHealthShare. I now pay $199 per month, have a $500 deductible and am covered for up to $1 million per incident. And best of all no Obamacare! Click Here To...
  • Is Short Term Insurance the Answer? (Obamacare)

    11/01/2015 5:41:13 AM PST · by CA_soon_gone · 42 replies
    self
    My wife and I are early 60s retired, not yet on Medicare. The new Obamacare prices are out today and our monthly cost went from $1k/month to $1.9k/month. This is clearly over the 8% of income hardship limit for us so I should not have to pay any tax penalty for not buying Obamacare. I'd like to not completely be without some form of catastrophic coverage. Recently I've been researching short term health insurance. I can get a six month policy with lower deductibles than the Ocare for about $300/month. Am I missing something. Anyone else going this route?
  • Did New York’s Obamacare Co-op Deliberately Mislead Regulators? (Pelosi knew)

    11/01/2015 3:38:24 AM PST · by Libloather · 7 replies
    Daily Caller ^ | 10/30/15 | Richard Pollock
    **SNIP** The statement said "a subsequent NYDFS and CMS-led review of Health Republic's finances has found that the company's financial condition is substantially worse than the company previously reported in its filings to NYDFS." The statement provided no further details on the new discoveries regarding the co-op, which received the largest single federal loan under the Obamacare health reform law. In addition to its original $265 million, the co-op received another $90 million in an emergency solvency loan funds from federal officials in September 2014. The co-op previously reported it was burning through money at a disastrous rate. Its 2014...
  • Obamacare Is A Disaster: Co-Op Insurers Across America Are Collapsing, And Now There Is Fraud

    10/31/2015 11:32:41 AM PDT · by Lorianne · 57 replies
    Zero Hedge ^ | 30 October 2015 | Tyler Durden
    Two weeks ago we reported that in what at the time was still a rather isolated incident, Colorado's largest nonprofit health insurer (aka co-op), Colorado HealthOP is abruptly shutting down, forcing 80,000 Coloradans to find a new insurer for 2016. At the time, we said that the health insurer had been decertified by the Division of Insurance as an eligible insurance company because the cooperative relied on federal support, and federal authorities announced last month they wouldn't be able to pay most of what they owed in a program designed to help health insurance co-ops get established. In other words,...
  • Obamacare Deductible for Subsidized NOT $6,000

    10/30/2015 4:18:47 PM PDT · by Sequoyah101 · 66 replies
    Vanity | 10/30/15 | Self
    Hello all you other gainfully employed chumps paying for your own health care insurance. I just wanted you to know something I've found out. If you have a BRONZE plan like I do, because you are paying for it yourself and can't afford anything else, you are paying a $6,000 deductible per person before you can file a single claim to perhaps get any benefit. Meanwhile, people who have subsidized plans because they aren't working or not working or not earning very much get the vaunted SILVER plan! And you are paying for it. You are paying for a plan...