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  • President Obama Explains How He Wants to Fix Obamacare in Speech at Florida College

    10/20/2016 2:37:37 PM PDT · by McGruff · 51 replies
    Time ^ | 10/20/2016 | Maya Rhodan
    President Barack Obama blamed partisanship for the lingering discontent around his signature health care law, the Affordable Care Act, during his latest pitch on the benefits of the law to millennials at Miami Dade College in Florida. But Obama also admitted that there are problems with the law that need to be addressed, including costly premiums and persistent gaps in coverage. “Part of the problem is a Democratic President named Barack Obama passed the law,” the president said to cheers. “But just because a lot of the Republican criticism has proven to be false doesn’t mean that there aren’t legitimate...
  • ‘I Had Nothing to Do With That!’ Obama Dodges Blame For Skyrocketing Premiums

    10/20/2016 2:23:09 PM PDT · by pissant · 87 replies
    Breitbart ^ | 10.20.16 | Charles Spiering
    President Barack Obama offers multiple excuses for why health insurance premiums continue to skyrocket, including blaming Republicans and insurance companies for the problems. He complains that too many reporters spend more time discussing premium increases than explaining why he isn’t responsible for them. “No, I had nothing to do with that,” Obama said, calling it “complicated” despite the “hysteria” that was growing. Obama traveled to Florida to argue that Obamacare was working well, but needed to be fixed
  • Regulators approve higher health premiums to strengthen Obamacare insurers

    10/19/2016 9:12:40 AM PDT · by Lorianne · 6 replies
    Source material cannot be posted to FR | 19 October 2016
    see link below
  • Obamacare Is the Ultimate Death Panel

    10/19/2016 7:33:39 AM PDT · by MtnClimber · 17 replies
    American Thinker ^ | 19 Oct, 2016 | Eileen F. Toplansky
    Remember when Sarah Palin was excoriated for suggesting that ObamaCare contained death panels? Then we learned that the nonexistent death panels were actually deleted from the law and then, oops, economist Paul Krugman let slip that "...we're also going to have to make decisions about health care, doc pay for health care that has no demonstrated medical benefits. So the snarky version... which I shouldn't even say because it will get me in trouble is death panels and sales taxes is how we do this [.]" Such is the usual seesaw when a law which should never have seen the...
  • Wikileaks reveal Obama coerced Justice Roberts to pass Obamacare

    10/15/2016 5:43:35 PM PDT · by MNDude · 70 replies
    "it was pretty critical that the President threw the gauntlet down last time on the Court, warning them in the first case that it would politicize the role of the Court for them to rule against the ACA. As a close reader of the case, I honestly believe that was vital to scaring Roberts off"
  • Dayton: Health Law 'No Longer Affordable'

    10/12/2016 12:21:00 PM PDT · by ButThreeLeftsDo · 22 replies ^ | 10/12/16 | AP
    Minnesota's Democratic governor said Wednesday that the Affordable Care Act is "no longer affordable," a stinging critique from a state leader who strongly embraced the law just a few years ago. Gov. Mark Dayton made the comments while addressing questions about Minnesota's fragile health insurance market, where individual plans are facing double-digit increases after all insurers threatened to exit the market entirely in 2017. They follow cost concerns and criticism nationwide, including President Bill Clinton saying last week that the law was "the craziest thing in the world" before he backtracked.
  • Obama Lied. My Third Health Plan Just Died.

    10/12/2016 4:30:15 AM PDT · by Kaslin · 58 replies ^ | October 12, 2016 | Michelle Malkin
    Once was a shock. Twice was an outrage. Thrice is a nightmare that won't end. Over the past three years, my family's private, individual health insurance plan -- a high-deductible Preferred Provider Organization -- has been canceled three times. Our first death notice, from Anthem Blue Cross Blue Shield, arrived in the fall of 2013. Our second, from Rocky Mountain Health Plans, came last August. Three weeks ago, we received another ominous "notice of plan discontinuation" from Anthem informing us that the insurer "will no longer offer your current health plan in the State of Colorado." Every time we...
  • Obamacare 'architect' fires back at Trump

    10/10/2016 2:02:58 PM PDT · by Nachum · 50 replies
    Washington Examiner ^ | 10/10/16 | Robert King
    The economist often referred to as the architect of Obamacare called Donald Trump's healthcare policy incoherent on Monday, firing back at the GOP nominee for criticizing him during Sunday night's debate. "My only comment is that last night showed the difference between a candidate with a strong and coherent health care agenda [Democratic nominee Hillary Clinton] and one with a garbage salad of right-wing talking points," Jonathan Gruber said in the Boston Business Journal. Gruber is an economics professor at the Massachusetts Institute of Technology who played a pivotal role in crafting the Affordable Care Act. He said several years...
  • Bill Clinton’s ObamaCare rant was scripted — and approved by Obama

    10/07/2016 6:22:35 PM PDT · by 2ndDivisionVet · 4 replies
    The New York Post ^ | October 7, 2016 | Edward Klein
    When Bill Clinton recently criticized ObamaCare as “the craziest thing in the world,” it looked to everyone like he had given Donald Trump a stick to beat Hillary with at their second presidential debate this Sunday at Washington University in St. Louis. But as usual, the Big Dog was crazy like a fox. According to multiple sources both in the White House and the Clinton campaign, Bill was following a carefully crafted script that was poll tested and endorsed by his wife and Barack Obama. “Barack warned Hillary that she was going to have to confront an attack from Trump...
  • Rising Cost of Medicaid Expansion Is Unnerving Some States

    10/06/2016 12:11:17 PM PDT · by tekrat · 26 replies
    Associated Press and ABC News ^ | 10/5/2016 | Christina A. Cassidy
    The cost of expanding Medicaid under President Barack Obama's health care overhaul is rising faster than expected in many states, causing budget anxieties and political misgivings. Far more people than projected are signing up under the new, more relaxed eligibility requirements, and their health care costs are running higher than anticipated, in part because the new enrollees are apparently sicker than expected. Rising drug prices may also be a factor. As a result, at least three expansion states, Arkansas, Kentucky and Ohio, have been pushing to require Medicaid recipients to pay more toward their health insurance - a step that...
  • UnitedHealth sued over prescription drug co-pay costs

    10/05/2016 5:10:37 PM PDT · by george76 · 46 replies
    CNBC ^ | ‎10‎/‎5‎/‎2016‎
    UnitedHealth Group has been sued by three customers who accused the largest U.S. health insurer of charging co-payments for prescription drugs that were higher than their actual cost and pocketing the difference. The lawsuit, filed Tuesday in federal court in Minnesota by three UnitedHealth customers, seeks to represent a nationwide class that it says could include "tens of thousands" of people insured by UnitedHealth. The lawsuit said Minnesota-based UnitedHealth and affiliated companies charged customers co-payments for drugs that were significantly higher than prices it negotiated with pharmacies for those drugs. For example, the lawsuit claims, one class member paid a...
  • Obama's Ideas to Fix Obamacare: Expand Medicaid, Offer a 'Public Option'

    10/04/2016 11:50:00 PM PDT · by Olog-hai · 54 replies
    Cybercast News Service ^ | October 4, 2016 | 8:43 AM EDT | Susan Jones
    President Barack Obama is “quite proud” that his signature health care law has expanded coverage to 20 million more Americans. But he admits the law could be strengthened, White House spokesman Josh Earnest said on Monday. “The president does have some ideas for things that we could do to further strengthen Obamacare. The first is to find a way to ensure that every state across the country is expanding Medicaid, consistent with what was envisioned in the law.” Earnest said “too many Republican governors” have blocked Medicaid expansion “just because of political differences” with Obama. But some of those governors...
  • The real reason the Clintons - and the New York Times - are suddenly trashing ObamaCare

    10/04/2016 12:17:35 PM PDT · by Sean_Anthony · 23 replies
    Canada Free Press ^ | 10/04/16 | Dan Calabrese
    Hint: They don't care about your healthcare in the least. • Impossible to argue otherwise • Pivot Toward Single Payer This morning, Dan discussed a recent Bill Clinton speech in which the former President trashed Obamacare as a “crazy” system which hurts small business. In case you haven’t seen the clips, seen below. So, if they’re admitting what conservatives said all along - that ObamaCare is an unworkable mess - you have to ask why. Here’s the answer:
  • Bill Clinton calls Obamacare 'crazy system' during campaign stop

    10/04/2016 10:28:00 AM PDT · by tekrat · 12 replies
    United Press International (UPI) ^ | 10/4/2016 | Allen Cone
    Former President Bill Clinton criticized the Affordable Care Act as a "crazy system" during a presidential campaign stop in Flint, Mich., for his wife Hillary Clinton. During the rally Monday, the former president said Obamacare is causing premiums to rise because of the exchange markets. "It doesn't make any sense. The insurance model doesn't work here," Clinton said.
  • Bill Clinton calls Obamacare a ‘crazy system’ that ‘doesn’t make any sense’

    10/04/2016 3:54:33 AM PDT · by Enchante · 50 replies
    Daily Caller article repost on American Thinker ^ | October 4, 2016 | Daily Caller article reposted by Thomas Lifson
    Bill Clinton understands the public is fed up with the skyrocketing costs, stratospheric deductibles, and vanishing insurance providers of Obamacare, and he wants to save Hillary from going down with the ship. So President Obama’s signature legislative accomplishment gets thrown under the bus.... "Former President Bill Clinton attacked President Barack Obama’s signature health care legislation Monday, calling it a “crazy system” that “doesn’t make any sense” during a Michigan campaign event for Hillary...."

    10/04/2016 2:27:01 AM PDT · by Enchante · 22 replies
    Powerline ^ | October 3, 2016 | PAUL MIRENGOFF
    BILL CLINTON ON OBAMACARE: “IT’S THE CRAZIEST THING IN THE WORLD” Bill Clinton ripped Obamacare during a campaign rally for his wife in Michigan today. Calling Obamacare, “a crazy system” and “the craziest thing in the world,” the former president said “it doesn’t many any sense; the insurance model doesn’t work here.” Clinton went on to say that Obamacare “works fine” for people with “modest” incomes or who are eligible for government subsidies, but “the people that are getting killed in this deal are small business people and individuals who make just a little too much to get any of...
  • Obama takes an Obamacare victory lap (with no mention of the lying)

    10/03/2016 3:03:37 PM PDT · by Kaslin · 7 replies
    Hot ^ | October 3, 2016 | JOHN SEXTON
    New York magazine published an interview with President Obama Sunday night which is really Obama recounting some of the high profile political arguments of his tenure. One of the arguments which gets a lot of space is Obamacare. Here’s a sample picking up from the moment Scott Brown won a special election which ended Democrats’ 60 vote majority in the Senate: The most important phone call I made after that was to Nancy Pelosi, because the question I posed to her and to Harry Reid was, “Are you guys still game? Because if you guys are still game, we’ll find...
  • ObamaCare a 'crazy system' that 'doesn't work', says . . . Bill Clinton?

    10/04/2016 11:33:19 AM PDT · by Sean_Anthony · 14 replies
    Canada Free Press ^ | 10/04/16 | Dan Calabrese
    Frenemy. He’s right, of course, although you suspect his preferred solution is not a free market system that lets individuals make their own economic arrangements without the interference of the state. ObamaCare is just about the craziest thing in the world, and not only for the people who make just too much to get subsidies. It’s crazy for the people with subsidies too because the quality of the care they can receive under such a cost-controlled structure is far less than if they simply paid the same money out of pocket directly for services.
  • [35 Second Clip ABC News Video] GOP War Room: Bill Clinton: ObamaCare Insurance Model “Doesn’t Work,

    Published on Oct 3, 2016 Bill Clinton: ObamaCare Insurance Model “Doesn’t Work,” “Doesn’t Make Any Sense” (October 3, 2016)
  • Minnesota regulator: Insurance market in dire situation

    10/02/2016 8:35:18 PM PDT · by Olog-hai · 13 replies
    Associated Press ^ | September 30, 2016 3:24 PM EDT | Kyle Potter
    Minnesota’s individual health care market is in “an emergency situation,” the state’s top industry regulator said Friday, noting that it took the approval of massive rate increases to persuade all its remaining insurance companies not to pull out for next year. After a major insurer’s exit from the market earlier this year, the state scrambled to convince the seven remaining companies to continue offering plans to those residents who aren’t covered by an employer or through a public program, Department of Commerce Commissioner Mike Rothman said. The state agreed to rate increases that range from an average of 50 percent...
  • Another Health Insurance Giant Flees More Obamacare Markets (PREMIUM HIKES)

    09/29/2016 4:56:22 AM PDT · by GailA · 11 replies
    Townhall ^ | 9/28/16 | NA
    Since everyone's still buzzing about Monday night's debate seen 'round the planet, I figured I'd offer some counter-programming. Hillary Clinton has said on multiple occasions that Obamacare is "working," but that it needs some "fixes" such as an even bigger government role and more taxpayer funding. Just last week, Harry Reid claimed that Americans who read the news know that the law has been a positive for the country. (Click through on those links for our detailed rebuttals at the time). The ongoing reality is that this failed, unpopular, party-line policy experiment is collapsing under its own weight. The latest...
  • Blue Cross drops out of Nebraska's Obamacare marketplace

    09/23/2016 6:28:25 PM PDT · by Mean Daddy · 10 replies
    Omaha World Herald ^ | Sept. 23, 2016 | Steve Jordon
    Blue Cross Blue Shield of Nebraska said Friday it won’t sell individual health insurance on the Affordable Care Act marketplace next year because of continuing losses. Blue Cross’ departure removes the state’s largest health insurer from the individual marketplace, leaving only Aetna and Medica Health to offer individual policies on the Nebraska’s exchange for 2017. Steve Martin, the chief executive of Blue Cross, told The World-Herald that the company has lost $140 million on the exchange policies since 2014. If the trend continued, losses could total $250 million by the end of 2017, he said. As of this year, around...
  • IRS to target 20 million Americans who didn't buy Obamacare

    09/23/2016 11:02:21 AM PDT · by amorphous · 30 replies
    Wordnet Daily ^ | 23 Sep 2016
    Are you one of 20 million uninsured Americans who hasn’t signed up for Obamacare? Then you might be getting a note from the IRS this year “suggesting” you enroll. “Getting a letter from the IRS can be a threatening and nerve-racking experience; it seldom is seen as a suggestion and more of a threat,” Galen Institute President Grace-Marie Turner wrote in a Forbes column Wednesday. The IRS is reportedly “reaching out” to Americans who claimed an exemption or chose to pay the tax penalty for not purchasing mandatory health insurance. The ploy is intended to “attract” Obamacare enrollees. “The government...
  • $11 Billion In Missing Obamacare Subsidies From Mass Tax Noncompliance

    09/22/2016 11:52:18 AM PDT · by wtd · 6 replies
    Forbes ^ | Sep 21,2016 11:40 PM | Brian Blase
    $11 Billion In Missing Obamacare Subsidies From Mass Tax NoncomplianceComplications arising from the Affordable Care Act (ACA) premium tax credits (PTCs) are causing millions of people to effectively break the law. People who benefit from advance premium tax credits (APTCs) must file tax returns and include a form to reconcile the advanced amount to the actual end-of-year entitled amount. The failure of so many people to fulfill this new legal requirement has led the government to spend more than it should have as APTCs tend to be higher than legally entitled amounts. The big news is that tax filers,...
  • The Health Insurance Companies Are Scamming America

    09/20/2016 1:29:53 PM PDT · by Kaslin · 17 replies ^ | September 20, 2016 | Hal Scherz
    The Obamacare insurance co-ops have collapsed. Of the original 23, only three are expected to survive past 2017. The insurance companies are losing hundreds of millions of dollars on the healthcare insurance exchanges. Their reaction is to pull out of a number of them in order to reduce their exposure; a process they repeatedly employ to shed under-performing products called “purging”. To make up for these losses, insurers are expected to raise 2017 premiums across the board on all policies. The Kaiser Foundation expects an average increase of nine percent for policies on the exchanges, but in the individual market,...
  • Health care costs rise by most in 32 years

    09/16/2016 2:18:21 PM PDT · by Zakeet · 37 replies
    CNN ^ | September 16, 2016 | Patrick Gillespie
    Prices for medicine, doctor appointments and health insurance rose the most last month since 1984. The price increases come amid a broader debate about climbing health care costs and high premiums for Obamacare coverage. [Snip] Medical care costs altogether rose 1% just in August from July, according to the Consumer Price Index, a report on price inflation from the U.S. Labor Department.
  • Another Obamacare Co-Op Folds, Leaving Only 6 Remaining

    09/14/2016 1:58:57 PM PDT · by EVO X · 10 replies
    Washington Free Beacon ^ | September 13, 2016 | Ali Meyer
    Health Republic Insurance of New Jersey is folding after the state’s insurance commissioner put the Obamacare co-op in “rehabilitation” due to its hazardous financial condition. The co-op had a liability of $46.3 million under the Affordable Care Act’s risk adjustment program, according to the New Jersey Department of Banking and Insurance. That program was designed to transfer money between insurers in case one insurer had more costly enrollees “Despite our hard work and growing customer base, the unfortunate necessity for complying with the [Affordable Care Act’s] risk adjustment mandate has put the company under considerable financial strain,” said Tom Dwyer,...
  • "Rampant Fraud" Exposed In Obamacare Exchanges: 100% Of Fictitious Enrollees Obtained Subsidies

    09/13/2016 10:39:52 PM PDT · by Fractal Trader · 29 replies
    Zero Hedge ^ | 13 September 2016 | Tyler Durden
    A recent "undercover enrollment" investigation conducted by the Government Accountability Office (GAO) found that pretty much anyone can sign up for Obamacare and receive taxpayer funded incentives without having to worry about pesky little details like proving citizenship, identity or income-based needs. In fact, the study found that every single one of its 15 fictitious Obamacare applications were actually approved for coverage despite intentional application omissions, fictitious identification and citizenship documentation, etc. Moreover, all of the applications were also approved for federal subsidies which totaled $60,000 per year. Per the GAO: Our undercover testing for the 2016 coverage year found...
  • Surgeons protest CMS proposal requiring them to code every 10 minutes

    09/10/2016 12:42:53 PM PDT · by buckalfa · 26 replies
    Becker's Hospital Review ^ | 09/09/2016 | Kelly Gooch
    Surgeons are speaking out against a Medicare proposal that would require them to use new billing codes to track their work in 10-minute increments during global surgical "packages" that span 10 days and 90 days, reports Medscape Medical News. The "packages" include preoperative and postoperative care as well as the procedure itself.
  • Obamacare Shrinks Economy through Medicaid Expansion and Tax Credit Cliffs

    09/07/2016 10:19:09 PM PDT · by Olog-hai · 7 replies
    Competitive Enterprise Institute ^ | September 6, 2016 | Hans Bader
    Obamacare’s expansion of Medicaid reduced employment in those states that participated in it by a statistically significant extent, according to a recent study by Georgetown University’s Tomas Wind:“I find a significant negative relationship between Medicaid expansion and labor force participation, in which expanding Medicaid is associated with 1.5 to 3 percentage point drop in labor force participation.”As Wind notes, Obamacare’s Medicaid expansion provided an unusually good test case for the effects of a government program, since it went into effect in some states but not others during the covered period. […] Ironically, despite its enormous cost of billions of dollars...
  • Massive ObamaCare Rate Hikes Are A Good Thing, White House Says

    08/27/2016 11:21:25 AM PDT · by PROCON · 51 replies ^ | Aug. 26, 2016
    Health Reform: This week Illinois' insurance regulator said ObamaCare premiums in the state will jump as high as 55%. The Obama administration's response to this and other news of massive rate hikes: Don't worry. Be happy. Anyone shopping for ObamaCare coverage in Illinois this fall is in for a big shock. The average increase for cheap Bronze plans is likely 44%. It's 45% for the lowest-cost Silver plan, and 55% for the cheapest Gold plan.
  • Dear John: ObamaCare’s Unaffordable Prices Make No Sense

    08/26/2016 12:52:42 PM PDT · by nickcarraway · 17 replies
    New York Post ^ | August 20, 2016 | JOHN CRUDELE
    Dear John: I make approximately $25,000 a year before taxes and I make another $10,000 from rental income. My mortgage is $2,100 a month. I got ObamaCare coverage last year, and I paid approximately $230 a month with some subsidies from New York state.
  • How Obama Hoodwinked the Supreme Court on Obamacare

    08/22/2016 1:52:36 PM PDT · by Kaslin · 28 replies
    American Thinker ^ | August 22, 2016 | Hollis Hurd
    In the case of King v. Burwell, decided by the Supreme Court in June of 2015, President Obama won the day by convincing six justices that Obamacare would collapse if he lost. The case involved the so-called "individual mandate," which imposes a financial penalty on those who neglect to buy health insurance. To many observers, the wording of Affordable Care Act seemed to impose the financial penalty only in states where a state exchange had been set up, not in states where the federal exchange operated by default. At that time, only 16 states (and the District of Columbia) had...
  • One-third of US won't have choice between Obamacare plans in 2017

    08/22/2016 10:18:55 AM PDT · by PROCON · 24 replies
    CNBC ^ | Aug. 22, 2016 | Dan Mangan
    It's looking like a lot of people are going to have little Obamacare choice next year.One-third of the United States may have just a single insurer to pick from on Obamacare marketplaces in 2017, an analysis released Friday suggests. Seven entire states are projected to have just one carrier in 2017: Alaska, Alabama, Kansas, North Carolina, Oklahoma, South Carolina and Wyoming, according to research by the Avalere consultancy. And more than half of the country, 55 percent, may end up having two or fewer insurers to choose from on those government-run exchanges, Avalere said. "And there may be some sub-region...
  • GHP seeks 41 percent rate hike (Geisinger Health Plan, very big in PA)

    08/22/2016 11:33:39 AM PDT · by jiggyboy · 8 replies
    The Daily Item ^ | August 22, 2016 | Rick Dandes
    If you rely on health insurance provided by companies aligned with the Affordable Care Act marketplace in Pennsylvania, prepare yourself for sticker shock when it’s time to pay those premiums in the fall. Valley residents enrolled in the ACA marketplace can choose from programs offered by Capital Advantage, Geisinger, Highmark, UPMC Health Options, Geisinger Health Plan, Geisinger Quality Options, and Keystone Health Plan Central. All are proposing significant rate increases for monthly premiums in 2017.
  • Big 3 Insurance Flip Obamacare the Bird

    08/22/2016 9:18:16 AM PDT · by Kaslin · 35 replies ^ | August 22, 2016 | Katie Kieffer
    UnitedHealthcare, Humana—and now Aetna—are abandoning Obamacare exchanges because they’re unprofitable. Meanwhile, for the first time in 10 years, the U.S. death rate has increased. CDC researcher Andrew Fenelon told the Associated Press: “…it is quite rare to see it [a death rate increase] for the whole population. … Many countries in Europe are witnessing declines in mortality, so the gap between the U.S. and other countries is growing.” For 80 percent of the past decade, President Obama has been president. Obamacare was unconstitutionally rammed through Congress on Christmas Eve of 2009. Isn’t it interesting that in 2016—with Obamacare in full...
  • Obamacare Critic: 'Premiums Are Going Up, Up, Up'

    08/18/2016 9:17:57 PM PDT · by Olog-hai · 15 replies
    Cybercast News Service ^ | August 18, 2016 | 4:48 AM EDT | Susan Jones
    When Obamacare’s fourth open enrollment period begins on November 1, many customers will face fewer insurance options and much higher prices. “Only the sick people sign up. And that’s why the premiums are going up, up, up,” said Obamacare critic Betsy McCaughey, who is the former Lt. Gov. of New York. Premiums will go up by double digits, she predicted — “20 percent for the biggest plans in New York, 40 percent in Tennessee, and somewhere in between around the country.” …
  • Fed Survey: Obamacare Causing Companies to Cut Jobs

    08/17/2016 1:56:24 PM PDT · by Brilliant · 15 replies
    WSJ ^ | Aug 16, 2016 | Vipal Monga
    Many companies are cutting jobs in response to rising health care costs spurred by the Affordable Care Act, according to a new survey by the Federal Reserve Bank of New York. Roughly one-fifth of service sector and manufacturing company executives said they are reducing the number of workers in response to provisions in the healthcare law... The New York fed surveyed about 100 executives in the manufacturing sector and roughly 150 executives in the services sector located in New York State, Northern New Jersey and Fairfield County, Connecticut... The results add to a bevy of bad news related to the...
  • Aetna Pulls Back on Obamacare Health Insurance Plans in 2017

    08/16/2016 1:36:28 PM PDT · by GilGil · 17 replies
    NBC News ^ | 8/16/2016 | Reutuers
    Aetna, the No. 3 U.S. health insurer, on Monday said that due to persistent financial losses on Obamacare plans, it will sell individual insurance on the government-run online marketplaces in only four states next year, down from the current 15 states. Aetna's decision follows similar moves from UnitedHealth and Humana, which have cited similar concerns about financial losses on these exchanges created under President Barack Obama's national healthcare reform law.
  • Now we know the real reason Aetna bailed on Obamacare

    08/17/2016 7:11:29 AM PDT · by RummyChick · 25 replies
    business insider ^ | 8/17 | bob bryan
    ... Now, however, it appears a large reason for the shift in tone was the Department of Justice's lawsuit to block Aetna's merger with rival Humana. A July letter, acquired by The Huffington Post, outlined Aetna's thinking on the public exchanges if the deal with Humana were blocked. The letter from Bertolini to the DOJ outlined the effect of a possible merger on its Obamacare business. ...
  • At Least Six Swing States Face Double-Digit Premium Hikes under Obamacare

    08/16/2016 9:47:25 PM PDT · by HokieMom · 23 replies
    Breitbart ^ | 16 August 2016 | Alex Swoyer
    Double-digit Obamacare premium hikes projected in 2017 may bode in Donald Trump’s favor, as several swing states are being impacted by double-digit increases under the law and consumers are expected to see the hikes around Nov. 1 — one week before heading to the polls. Trump has promised to repeal and replace Obamacare, but Hillary Clinton has vowed to make the Obamacare exchanges work. Some say the way she would do that is through raising taxes.
  • Aetna to cut back 70% on Obamacare plans in 2017

    08/16/2016 5:01:59 AM PDT · by mykroar · 16 replies ^ | Bertha Coombs
    Aetna is sharply cutting its participation in Obamacare exchanges for 2017. The health insurer said it will offer individual Affordable Care Act exchange plans in just four states, down from 15 this year, in an effort to reduce its losses. "As a strong supporter of public exchanges as a means to meet the needs of the uninsured, we regret having to make this decision," Chairman and CEO Marc Bertolini said in a statement. The insurance giant says it will offer ACA exchange plans in Delaware, Iowa, Nebraska and Virginia, slashing its Obamacare footprint by 70 percent next year. It will...
  • Blue Shield Of California: Furlough over Obamacare Losses

    08/16/2016 8:42:39 AM PDT · by Nachum · 27 replies
    Breitbart ^ | 8/16/16 | AWR Hawkins
    Blue Shield of California (BSC) will be shutting down for four days following Labor Day weekend as a way to stop the financial bleeding resulting from losses in “Covered California,” the state’s Obamacare exchange program. The change will “affect most of [BSC’s] 6,000 employees in California,” the San Francisco Business Times reports, although the “exact number of workers involved hasn’t yet been tabulated.” But BSC hopes that the move could save “an estimated $4 million.” According to the Times, BSC spokesman Steve Shivinsky said, “This is certainly not normal for us. We’re definitely seeing some income challenges as of mid-year.”
  • Health Insurers Use Process Intended to Curb Rate Increases to Justify Them

    08/15/2016 3:47:10 AM PDT · by reaganaut1 · 10 replies
    New York Times ^ | August 14, 2016 | Robert Pear
    After the Affordable Care Act took effect in 2010, it created a review mechanism intended to prevent exorbitant increases in health insurance rates by shaming companies that sought them. But this summer, insurers are turning that process on its head, using it to highlight the reasons they are losing money under the health care law and their case for raising premiums in 2017. That has ignited an election-year fight between insurers and consumers, who are complaining bitterly about the double-digit increases being sought across the country. The conflicts have been on vivid display at hearings in states like Pennsylvania, where...
  • Taxpayers on the Hook as Obamacare Exchanges Near the Edge of Collapse

    08/14/2016 9:30:39 PM PDT · by Olog-hai · 19 replies
    Cybercast News Service ^ | August 12, 2016 | 4:08 PM EDT | Phil Kerpen
    The health insurance exchanges that are the beating heart of Obamacare are on the edge of collapse, with premiums rising sharply for ever narrower provider networks, non-profit health co-ops shuttering their doors, and even the biggest insurance companies heading for the exits amid mounting losses. Even the liberal Capitol Hill newspaper is warning of a possible “Obamacare meltdown” this fall. Three states — Alaska, Alabama, and Wyoming — are already down to just a single insurance company, as are large parts of several other states, totaling at least 664 counties. UnitedHealth is pulling out completely, Humana is pulling out of...
  • Cost of Obamacare Medicaid Expansion 49% Higher Than Previously Estimated

    08/12/2016 10:14:01 AM PDT · by Olog-hai · 12 replies
    AP via CNS News ^ | August 12, 2016 | 12:00 PM EDT | Ricardo Alonso-Zaldivar
    A government report finds that the cost of expanding Medicaid to millions more low-income people is increasing faster than expected, raising questions about a vital part of President Barack Obama’s health care law. The law provided for the federal government to pay the entire cost of the Medicaid expansion from 2014 through the end of this year. Obama has proposed an extra incentive for states that have not yet expanded Medicaid: three years of full federal financing no matter when they start. But the new cost estimates could complicate things. In a recent report to Congress, the Centers for Medicare...
  • ObamaCare crashing: Insurers seek massive rate hikes . . . if they’re staying in at all

    08/11/2016 9:36:45 AM PDT · by Sean_Anthony · 41 replies
    Canada Free Press ^ | 08/11/16 | Dan Calabrese
    Gigantic losses put exchanges on the brink, send program careening into chaos Remember when everyone watching ObamaCare was focused on how many people had signed up? First they needed 7 million, then 11 million, and on it went as new targets replaced the old. These weren’t meaningless - at least it didn’t appear that way. The targets represented the critical mass the Obama Administration itself said the program needed to be economically sustainable. Insurance, they told us, is about risk pools. If you’ve got enough people in the risk pool, you’d have enough premiums being paid in to cover those...
  • Illinois insurers seek premium hikes of up to 45 percent

    08/03/2016 9:39:32 AM PDT · by Brad from Tennessee · 26 replies
    Chicago Tribune ^ | August 2, 2016 | Associated Press
    CHICAGO--Health insurance premiums for Illinois residents who buy coverage through the Affordable Care Act's marketplace could increase by as much as 45 percent according to proposals submitted by insurers and made public Monday. The leading insurer on Illinois' exchange, Blue Cross Blue Shield, is proposing increases for 2017 ranging from 23 percent to 45 percent for individual health care plans, according to proposals posted by Another insurer, Coventry Health Care of Illinois, proposed rate increases as high as 21 percent. Harken Health Insurance Company has proposed a nearly 29 percent hike in individual premiums and Health Alliance Medical Plans...
  • Another major insurer to bolt Obamacare while premiums go through the roof

    08/03/2016 9:17:01 AM PDT · by Lorianne · 17 replies
    American Thinker ^ | 03 August 2016 | Rick Moran
    Aetna, Inc., the third largest health insurer in America, will not expand its Obamacare coverage into New Jersey next year as originally planned and is reassessing its participation in the Obamacare program. In a conference call following the company's earnings announcement, CEO Mark Bertolini said that the firm has halted its plans to expand into two new states' exchanges in 2017 and is looking into the reasons for losses in the exchanges it is currently participating in. "In light of the disappointing year to date performance and updated 2016 projections for our individual on and off exchange products, combined with...
  • Long-Term Health Care Premium More Than Doubled

    07/30/2016 1:48:03 PM PDT · by American Quilter · 29 replies
    30 Jul 2016 | American Quilter
    I've just been notified by my long-term health care insurance program that they're increasing my monthly premium from $198 to $441 beginning in November due to "the severity of certain medical conditions, expected lifespans, returns on investment, and overall program expenses." The insurer is John Hancock Life & Health Insurance Company. I'll have to pay the full premium increase in order to keep my annual 5% benefit increase. Or I can pay "only" $318 per month and drop to a 3.9% annual benefit increase. Or I can retain the current premium and drop to a 2% annual benefit increase.