Keyword: insurance

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  • Was Obamacare designed to fail?

    09/20/2016 6:30:49 PM PDT · by Sean_Anthony · 44 replies
    Canada Free Press ^ | 09/20/16 | Matthew Vadum
    Obamacare was designed to fail. It’s a gigantic con job. It was drawn up in such a way that it would eventually collapse thus theoretically clearing the way for single-payer Well, DUH! Of course Obamacare was designed to fail. The system is built on lies. It is a Trojan horse for a total government takeover of health care in the United States. In an op-ed in The Hill, Jeffrey I. Barke, M.D., who practices family medicine in Newport Beach, Calif., examines the issue. He writes: As ObamaCare’s troubles mount, I’ve heard my patients and my peers in healthcare ask: How...
  • Lawmakers Agree Car Insurance Too Expensive — But Not On How To Fix It

    09/20/2016 10:45:26 AM PDT · by MichCapCon · 22 replies
    Michigan Capitol Confidential ^ | 9/20/2016 | Bruce Walker
    Since its enactment in 1973, Michigan’s no-fault automobile insurance law has been blamed for steep increases in premiums paid by drivers. Michigan car insurance premiums are twice the national average. Previous efforts to reform the law failed to gain a consensus, but several legislators are pursuing changes they claim will bring automobile insurance costs more in line with the $1,325 per year national average. The average cost of insurance for Michigan motorists is $2,738 per year. Proponents of these changes argue that more affordable premiums would reduce the number of uninsured drivers in the state. $1,325 national average $2,738 Michigan...
  • Obese patients and smokers banned from routine surgery in 'most severe ever' rationing in the NHS

    09/03/2016 9:39:13 AM PDT · by ameribbean expat · 115 replies
    Obese people will be routinely refused operations across the NHS, health service bosses have warned, after one authority said it would limit procedures on an unprecedented scale. Hospital leaders in North Yorkshire said that patients with a body mass index (BMI) of 30 or above – as well as smokers – will be barred from most surgery for up to a year amid increasingly desperate measures to plug a funding black hole. The restrictions will apply to standard hip and knee operations.
  • White House announces massive changes in bid to head off ObamaCare disaster

    08/30/2016 9:11:24 AM PDT · by Sean_Anthony · 39 replies
    Canada Free Press ^ | 08/30/16 | Dan Calabrese
    Including: Making insurers help pay the costs of other insurers' high-cost policyholders ObamaCare is a huge and glorious success, and it’s the shining jewel in Barack Obama’s legacy. That’s what the Democrats have been telling us for several years, and for the most part the media have dutifully parrotted this talking point. But in recent months, it’s gotten harder for Obama’s media protectors to keep pretending everything is OK. Exchanges are in dire fiscal straits. Insurers are dropping out. Premiums are soaring. Provider networks are narrowing. The left keep reaching back for what it thinks is the one saving grace...
  • Vietnamese Woman Cuts Off Limbs for Insurance Payout

    08/25/2016 10:12:12 PM PDT · by nickcarraway · 12 replies
    Channel News Asia ^ | 25 Aug 2016 20:53
    A Vietnamese woman paid a friend to cut off her hand and foot in a bid to claim a handsome insurance payout, state-run media reported on Thursday (Aug 25). The woman, identified only as L T N, checked into a Hanoi hospital in May with one third of her left foot and one third of her left hand severed, but doctors told her they could not reattach the limbs. She later told police she was struck by a train as she walked on the tracks and was rescued by her friend Doan Van D, according to Tuoi Tre's English edition.
  • Aetna drops out of ObamaCare exchanges in 11 states

    08/17/2016 5:56:00 PM PDT · by Sean_Anthony · 10 replies
    Canada Free Press ^ | 08/17/16 | Dan Calabrese
    Freefall Remember when Democrats, still in the midst of shoving ObamaCare down the throats of an unwilling nation, argued that it would actually be “market-based”? Democrats don’t know anything about how truly free markets work, of course, but their argument was that the ObamaCare exchanges were basically competitive marketplaces in which consumers could shop for the insurance that would make sense for them. OK, granted, it’s a marketplace operating under the artificially imposed and completely insane parameters imposed by the government. And OK, what we commonly call health “insurance” isn’t really anything like a real insurance product. And OK, the...
  • Aetna to cut back 70% on Obamacare plans in 2017

    08/16/2016 5:01:59 AM PDT · by mykroar · 16 replies
    CNBC.com ^ | 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...
  • Next president faces possible ObamaCare meltdown

    08/11/2016 10:45:56 AM PDT · by Red Badger · 67 replies
    thehill.com ^ | 08/11/16 06:02 AM EDT | By Sarah Ferris
    The next president could be dealing with an ObamaCare insurer meltdown in his or her very first month. The incoming administration will take office just as the latest ObamaCare enrollment tally comes in, delivering a potentially crucial verdict about the still-shaky healthcare marketplaces. The fourth ObamaCare signup period begins about one week before Election Day, and it will end about one week before inauguration on Jan. 20. After mounting complaints from big insurers about losing money this year, the results could serve as a kind of judgment day for ObamaCare, experts say. “The next open enrollment period is key,” said...
  • We’re All Hedge Funds Now, Part 4: Insurance Companies Go For “Growth”

    08/03/2016 10:11:31 AM PDT · by Lorianne · 1 replies
    Dollar Collapse ^ | 01 August 2016
    The most recent batch of economic stats was even more disappointing than usual, resulting in a cliff dive for the Atlanta Fed’s GDPNow US growth report: It’s the same around the world, with European, Japanese and Chinese numbers coming in below (already lowered) expectations. The implication? Interest rates in major countries will either remain extremely low or fall further from here. With $11 trillion of government bonds already trading with negative yields, that’s an historically unprecedented prospect. But for financial companies like insurers, pension funds, and money market funds, today’s world is not just unprecedented, it’s existentially threatening. Consider, for...
  • Tri-care

    06/25/2016 1:39:56 PM PDT · by M.K. Borders · 63 replies
    25 june 2016 | me
    I am 59 years old and a traditional Army Guardsman with 21 years service. My retirement package is already prepared and sent in thru an excellent program run by the Indiana Guard for it's soon to be retired members. This was done last September. I officially enter the tender embrace of the VA in November. My question: How good is TRICARE? Not just me but my dependents? Because of the nightmare of Obamacare I lost my employer provided health insurance and have been running on a VERY unsatisfactory plan thru my wife's employer. We would like to go 100% TRICARE...
  • Millennials’ Healthcare Problems: Insurance Is Terrifyingly Expensive And Highly Confusing

    06/10/2016 8:22:40 AM PDT · by Lorianne · 25 replies
    International Business Times ^ | 08 June 2016 | Elizabeth Whitman
    The millennial generation still hasn't figured out healthcare. It can be prohibitively expensive and painfully confusing yet required by law, so how do they deal? They skip healthcare, struggle to pay bills and ask mom what to do, according to a new report by the nonprofit Transamerica Center for Health Studies. The center's findings, based on a survey of 1,171 adults aged 18-36 in the United States, also found that those who lacked health insurance were disproportionately female, people of color, younger, less educated and unemployed. The proportion of millennials who don't have health insurance has declined significantly in recent...
  • About 92K Coloradans to lose Obamacare coverage as insurers drop out, cut back, raise rates

    06/06/2016 2:44:03 PM PDT · by george76 · 36 replies
    The Washington Times ^ | June 6, 2016 | Valerie Richardson
    More than 92,000 Coloradans will lose their Obamacare health care coverage in 2017 as four leading insurance companies scale back or eliminate their plans while others propose rate hikes of as much as 40 percent. Insurance holders with individual plans through Anthem, UnitedHealthCare, Humana and Rocky Mountain Health Plans will need to find new coverage for the 2017 coverage year, according to a Monday statement from the Colorado Division of Insurance. ... the news came as a devastating blow to the state’s already-shaky insurance market. Colorado is one of 14 states that opted to launch its own Obamacare exchange instead...
  • UnitedHealth pulls out of Obamacare in California

    05/31/2016 2:51:50 PM PDT · by Tilted Irish Kilt · 20 replies
    washingtonexaminer.com ^ | 5/31/16 | By Robert King
    UnitedHealth is exiting California's Obamacare exchange as part of its exodus from the law's individual marketplaces. The state's Obamacare exchange, Covered California, told Kaiser Health News on Tuesday that the largest U.S. insurer is leaving the entire individual market in the state. Obamacare comprises a majority of the individual market, which is for people who don't get insurance through their job. UnitedHealth has been in the exchange for only about a year and has about 1,200 enrollees. Covered California had more than 425,000 people enroll overall in the latest open enrollment period. Earlier this year, UnitedHealth announced it was leaving...
  • Ohio shutting down state's Obamacare nonprofit co-op InHealth – claims paced $3M per week

    05/27/2016 1:44:57 PM PDT · by LibertyOh · 15 replies
    Columbus Business First ^ | May 26, 2016 | Carrie Ghose
    Ohio is the latest state to lose its nonprofit co-op health insurer created under an Affordable Care Act after a Franklin County judge on Thursday appointed the Ohio Department of Insurance as receiver of InHealth Mutual to take control and liquidate the company. Policies are still in effect as of now for its 21,800 members, mostly with individual coverage, but the state said they likely have 60 days to choose another plan on the federal Health Insurance Marketplace or risk losing federal subsidies.
  • This Is How Much Your Health Insurance Payment Is About To Jump By

    05/26/2016 5:40:49 PM PDT · by Zakeet · 28 replies
    ZeroHedge ^ | May 26, 2016
    <p>It's official: years of warnings that Obamacare will lead to dramatic increases in healthcare premiums are about to be validated.</p> <p>As the WSJ writes, big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases for individual plans sold through insurance exchanges in more than a dozen states.</p>
  • Insurers Seek Big Premium Boosts

    05/26/2016 2:27:12 PM PDT · by reaganaut1 · 25 replies
    Wall Street Journal ^ | May 25, 2016 | LOUISE RADNOFSKY
    Big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases for individual plans sold through insurance exchanges in more than a dozen states. The insurers’ proposed rates for individual coverage in states that have made their 2017 requests public largely bear out health plans’ grim predictions about their challenges under the health-care overhaul. According to the insurers’ filings with regulators, large plans in states including New York, Pennsylvania and Georgia are seeking to raise rates by 20% or more. In states such as Florida and Maryland, insurers are...
  • Rose, Obama Speechwriters Laugh About the President’s ‘You Can Keep Your Plan’ Lie

    05/10/2016 12:12:40 PM PDT · by Nachum · 30 replies
    Free Beacon ^ | 5/10/16 | David Rutz
    Charlie Rose and three of Barack Obama’s former speechwriters had a good laugh Monday night while joking about the president’s infamous, oft-repeated false promise that under Obamacare, “if you like your health care plan, you can keep your health care plan.” Obama said dozens of times in the run-up to the Affordable Care Act’s signing and enactment that no Americans who liked the insurance plan they had would lose it under the Affordable Care Act. In reality, millions of policies were canceled because of the law’s regulations, and Obama was forced to apologize to the American people. The infamous remark...
  • Cops Can Ignore Black Lives Matter Protesters. They Can't Ignore Their Insurers

    05/08/2016 11:13:03 AM PDT · by Cyberman · 18 replies
    The Washington Post ^ | 05/04/2016 | John Rappaport
    In 2010, the police department in Rutledge, Tenn., was riven by scandal. The police chief, a 12-year department veteran, had been charged with assault and was under investigation by state authorities. But that wasn't what Mayor Danny Turley cited when he fired the top cop that year. Turley "had no choice," he said--his "hands were tied"--because the city could have lost its liability insurance if the chief kept his job. That would have left Rutledge responsible for paying out on future lawsuits, potentially crippling its small budget. So the insurance company got its way, and a police officer got an...
  • Medical Errors Third Leading Cause of Death in US [semi-satire]

    05/07/2016 11:55:29 AM PDT · by John Semmens · 8 replies
    Semi-News/Semi-Satire ^ | 8 May 2016 | John Semmens
    A study published in the prominent medical journal BMJ concluded that errors by doctors and hospitals kill more than 250,000 people a year in the US. Martin Makary, professor of surgery at the Johns Hopkins University School of Medicine, led the research team and said “It boils down to people dying from the care that they receive rather than the disease for which they are seeking care.” “In recent years a lot has been made of the issue of people living without health insurance and how the government must take heroic efforts to compel everyone to obtain insurance,” Makary observed....
  • Blue Cross to stop accepting credit cards for insurance payments

    05/03/2016 7:17:57 AM PDT · by rightwingintelligentsia · 37 replies
    Chicago Tribune ^ | May 2, 2016 | Ameet Sachdev
    In the face of losses in the Affordable Care Act marketplace, Blue Cross and Blue Shield of Illinois is looking for new ways to cut spending. Starting June 1, the Chicago-based health insurer will no longer accept credit cards as a form of payment for members who buy their own health insurance on or off the Illinois marketplace. The company began notifying customers of the change last month. Blue Cross will still accept other forms of payment, including debit cards. The new payment policy will not affect customers in the group or Medicare markets. In an email announcing the new...
  • Healthcare cost financially ruining workers

    04/25/2016 1:36:20 PM PDT · by MeneMeneTekelUpharsin · 16 replies
    Work | 25 April 2016 | Mene Mene Tekel Upharsin
    Coworkers going nuts about healthcare costs. Healthcare Act is going to ruin low-end workers financially. Huge sucking sound of money leaving the economy. Government probably has in mind to get it all to single payer so they can abscond with the money.
  • Insurers signaling major ObamaCare premium hikes for 2017 — or taking a hike altogether

    04/15/2016 7:33:31 AM PDT · by SeekAndFind · 25 replies
    Hotair ^ | 04/15/2016 | Ed Morrissey
    Remember how the last big increases in ObamaCare premiums took place last fall? Good times, good times. The Hill reports that insurers have begun warning that the financial model of ObamaCare remains unstable. Either they need to get approval from state regulators for another round of large premium increases, or they may bail out altogether. Even the pro-ObamaCare Kaiser Family Foundation says, “Something has to give”: Health insurance companies are amplifying their warnings about the financial sustainability of the ObamaCare marketplaces as they seek approval for premium increases next year.Insurers say they are losing money on their ObamaCare plans...
  • Heidi Cruz Met on Campaign Trail by Superstorm Sandy Protests

    04/12/2016 3:42:44 PM PDT · by bobsunshine · 95 replies
    Wall Street Journel Blog ^ | April 11, 2016 | Heather Haddon
    New York victims of the 2012 storm object to Ted Cruz's vote against relief funds. MINEOLA, N.Y.—Heidi Cruz, the wife of Republican presidential candidate Ted Cruz, was met at a campaign event by victims of Superstorm Sandy who protested his opposition to a 2013 bill doling out billions in aid for storm relief and clean-up. People from Long Island and southeast Queens, which were devastated by the October 2012 storm, said the Texas senator’s vote against a $51 billion aid package targeted to New York and New Jersey to recover from the damages disqualified him from the presidency. The 2013...
  • Headlight study: Drivers not seeing as far as they should

    04/03/2016 9:02:04 PM PDT · by smokingfrog · 49 replies
    ksfy.com ^ | 4-1-16 | Bridget Bennett
    There’s a lot to consider when buying a new car, but headlights are rarely on anyone's top checklist; now a new study says it’s something drivers should seriously consider. The first ever headlight test was conducted by the Insurance Institute for Highway Safety this week and researchers say the results are ‘dismal’. Only one new car model received a good rating. The 2016 Toyota Prius with led headlights received the best rating in the study, while some higher-end cars were in the bottom tier. The study says headlights should illuminate at least 300 feet ahead, but many of the new...
  • Some shocked by estate claims after signing up with MNsure

    02/16/2016 11:14:51 AM PST · by Twotone · 68 replies
    Duluth News Tribune ^ | Feb. 14, 2016 | John Lundy
    Scott Killerud was about to throw away a mailing about the 2016 enrollment period for MNsure last November when something caught his eye. "Just as I was going to drop it in the trash, I was like - wait a second. What did I just read?" the Pine County farmer said.
  • Mandatory Insurance Looms Over Gun Owners

    02/16/2016 10:11:18 AM PST · by PROCON · 66 replies
    americas1stfreedom.org ^ | Feb. 16, 2016 | Marshall Lewin
    Lawmakers in at least four states are pushing bills to force gun owners to register with, and buy liability insurance from, casualty insurers. So far, politicians have proposed imposing these mandates through state laws in Hawaii, New Hampshire and New York, and through city ordinance in Los Angeles. The bills are similar to legislation proposed last year in Congress by Rep. Carolyn Maloney, D-N.Y., whose "Firearm Risk Protection Act" would require gun owners to provide proof of liability insurance before purchasing a firearm and subject gun owners who fail to maintain insurance to fines up to $10,000, Insurance Business America...
  • Cobalt, Chaucer Offer 1st Lloyd’s Shariah Compliant Political Violence Cover

    02/02/2016 7:14:13 PM PST · by wtd · 1 replies
    Insurance Journal ^ | Feb. 2, 2016
    Shariah compliant jihad insurance?... Cobalt, Chaucer Offer 1st Lloyd's Shariah Compliant Political Violence CoverShariah compliant managing general agent Cobalt Underwriting has launched a new political violence product backed by Chaucer. Cobalt, the London market’s only Shariah compliant underwriting agency, will offer the product with Lloyd’s capacity provided by Syndicate 2084, the Shariah compliant component of Chaucer Syndicate 1084.
  • Poll: Uninsured sit on the sidelines as healthcare sign-up season ends

    01/28/2016 10:15:25 AM PST · by SeekAndFind · 39 replies
    Yahoo News via AP ^ | 01/28/2016 | Ricardo Alonso-Zaldivar
    Most uninsured Americans are sitting on the sidelines as sign-up season under the federal health law comes to a close, according to a new poll that signals the nation's historic gains in coverage are slowing. The survey released Thursday by the nonpartisan Kaiser Family Foundation finds that: -- Only 15 percent of the uninsured know this year's open enrollment deadline, which is Sunday. -- More than 7 in 10 say they have not tried to figure out if they qualify for the two main coverage expansions in the law, Medicaid and subsidized private health insurance. -- Only 1 in 100...
  • Health insurance fines loom as deadline nears

    01/28/2016 7:56:23 AM PST · by george76 · 44 replies
    Ch 7 News ^ | Jan 28, 2016 | Jason Gruenauer
    Sunday is the deadline to sign up for health insurance, or else pay a fine. That fine has gone up, causing even more financial stress on the uninsured and those who choose to opt out of health insurance. "I just cannot afford it in any way, shape, or form right now," 27-year-old Seth Valkonen said when talking about health insurance. Valkonen chooses to be uninsured by paying a one time fine for not having coverage instead of a monthly premium. "The penalty is cheaper than the overall total for the entire year," he said, Already on a tight budget, this...
  • D'oh! Cruz Campaign Concedes He Had Insurance Coverage All Along

    01/24/2016 7:10:07 AM PST · by sarasotarepublican · 83 replies
    talkingpointsmemo.com ^ | January 22, 2016 | TIERNEY SNEEDRY
    Update: In a reversal from claims made on the campaign trail, Ted Cruz's presidential campaign is now saying the senator and his family do have health insurance and never lost coverage. The late night Friday revelation came more than 24 hours after Cruz had told a New Hampshire audience that he and his family were without health insurance and were scrambling to obtain new coverage--and used the claim to slam Obamacare for the mess he was in. In statements to Bloomberg and Wall Street Journal, campaign spokeswoman Catherine Frazier blamed Cruz's false assertion that his family had lost their health...
  • Quitters Prosper:...allow workers who quit their jobs to collect unemployment insurance [tr]

    01/20/2016 7:20:52 AM PST · by C19fan · 21 replies
    Democracy: A Journal of Ideas ^ | January 11, 2016 | Nick Bunker
    Numbers from Friday’s jobs report underscores a persistent problem for the U.S. economy: Wages aren’t growing fast enough for most Americans. According to the data for December, the average wage for all workers grew at 2.5 percent over the last year, before accounting for inflation. Healthy wage growth would be somewhere in the range of 3.5-4 percent. How can we get to that level of wage growth? A number of proposals have been floated by economists and politicians across the political spectrum. But there’s one minor fix we can implement that could have major implications: allow workers who quit their...
  • Penalties grow for not getting insurance (IRS has collected $1.5 billion in Commiecare fines)

    01/14/2016 2:38:31 AM PST · by Libloather · 30 replies
    San Diego Union Tribune ^ | 1/13/16 | Paul Sisson
    With less than three weeks of open enrollment left, Covered California is working to highlight increased penalties for not having health insurance this year. Since its individual coverage requirement took effect in 2014, Obamacare has doled out increasingly expensive fines to people who do not purchase coverage through health exchanges or obtain insurance from 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 news conference Wednesday. "This is real money going straight to the IRS, where the consumer gets nothing in return," Lee said.
  • 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:
  • 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...
  • LONE PROFITABLE ACA INSURANCE CO-OP LOSING MILLIONS (Maine)

    12/10/2015 6:25:29 PM PST · by dynachrome · 10 replies
    AP ^ | 12-10-15 | TOM MURPHY
    The lone health insurance cooperative to make money last year on the Affordable Care Act's public insurance exchanges is now losing millions and suspending individual enrollment for 2016. Maine's Community Health Options lost more than $17 million in the first nine months of this year, after making $10.9 million in the same period last year. A spokesman said higher-than-expected medical costs have hurt the cooperative.
  • 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,...
  • 2014 Saw Continued Slow Growth in the Cost of Health Care, Even as Coverage Expanded

    12/04/2015 4:37:29 AM PST · by WhiskeyX · 14 replies
    White House ^ | December 2, 2015 at 6:08 PM ET | Jason Furman, Matt Fiedler
    Summary: Today’s data on national health expenditures show that 2014 was another year of slow health care cost growth.. Today’s data on national health expenditures show that 2014 was another year of slow health care cost growth, as per-enrollee health care spending growth remained low in both the public and private sectors. The slow growth in the per-enrollee spending seen in recent years is thanks in part to reforms in the Affordable Care Act and is generating major fiscal and economic benefits. Alongside continued slow growth in per-enrollee spending, today’s release corroborates earlier data showing that aggregate health care spending...
  • Will There Be An Obamacare Bailout Of Insurers?

    12/01/2015 5:59:14 PM PST · by RKBA Democrat · 23 replies
    Forbes ^ | 11-30-15 | Brian Blase
    The Affordable Care Act (ACA) is not working out the way many insurance companies thought it would. Despite the individual mandate and massive new government subsidies delivered directly to insurers, many participating insurers, whose continued participation is essential to the ACA’s future, are losing substantial money. In order to assist those insurers, the administration is now seeking a taxpayer-financed bailout for them. Congress can block taxpayer funds from being used for this purpose by extending language contained in the 2015 government funding bill. Congress could also look to end the back-end subsidy that transfers money from people with workplace coverage...
  • UnitedHealth CEO regrets entering ObamaCare

    12/01/2015 4:13:21 PM PST · by SkyPilot · 70 replies
    The Hill ^ | 1 Dec 15 | Sarah Ferris
    The CEO of UnitedHealthCare on Tuesday said he regretted the decision to enter the ObamaCare marketplace last year, which the company says has resulted in millions of dollars in losses. "It was for us a bad decision," UnitedHealth CEO Stephen Hemsley said at an investors meeting in New York, according to Bloomberg Business. UnitedHealth, the countrys largest insurer, announced last month that it would no longer advertise its ObamaCare plans over the next year and may pull out completely in 2016, a move that sent shockwaves across the healthcare sector. Hemsleys remarks double down on his earlier warning that...
  • World View: Obamacare in Death Spiral as UnitedHealth Announces Pullout

    11/21/2015 11:13:13 AM PST · by Beave Meister · 10 replies
    Breitbart ^ | 11/20/2015 | John J. Xenakis
    UnitedHealth Group, the country’s largest health insurer, announced on Thursday that it was expecting to lose $600 million on Obamacare policies in 2016 from the health insurance exchange websites, and may terminate its Obamacare business by 2017. This was a sudden turnabout for the company. It was just a month ago that the company had said in an earnings call that they expected to expand their Obamacare coverage in 2017. According to Dave Wichmann, president and CFO, on October 15: The annual care ratio is being modestly affected by the performance of our new [Obamacare] public exchange benefit programs which...
  • HHS: Bailing out Obamacare insurers an 'obligation' of the federal government

    11/21/2015 4:19:33 AM PST · by SkyPilot · 68 replies
    Washtington Examiner ^ | 20 Nov 15 | Philip Klein
    The Department of Health and Human Services attempted to reassure private insurers on Thursday that they'll be able to recover losses from participating in Obamacare by claiming it was an "obligation" of the U.S. government to bail them out. At issue is a provision within the law known as the risk corridors program. Under the program, which runs from 2014 through 2016, the federal government is to collect money from health insurers doing better than expected and use those funds to provide a federal backstop to other insurers who incur larger than expected losses from rising medical claims. The idea...
  • On the move now, deer can be a danger to motorists

    11/20/2015 9:37:18 AM PST · by Tolerance Sucks Rocks · 48 replies
    The Kansas City Star ^ | November 12, 2015 | David Boyce
    One day in the first week of November, Pete Pringle and his brother, Luke, were talking about car accidents involving deer. Pete and Luke work at Pringle Auto Body, 2720 S. 34th St., Kansas City, Kan. It is a family business started by their grandfather in 1968 and now is run by their mother. It was natural for them to have a conversation on deer accidents this time of year. It’s when a higher percentage of collisions involving deer occur because it’s the breeding season for deer. “We are getting into that season,” Pete Pringle said. Bucks and does will...
  • Stocks panic as United Healthcare merely THINKS about dropping out of Obamacare.

    11/19/2015 9:32:13 PM PST · by JSDude1 · 20 replies
    Redstate ^ | November 19th, 2015 | Moe Lane
    The very short version: United HealthCare is the biggest health care insurance provider in the country (something like 70 million people, apparently). It is huge, it is influential, it is weighty. And UHC took a $425 million dollar haircut last year in the Obamacare exchanges, so now it’s thinking of stopping selling on the exchange by the end of next year. Note that UHC did not say that they would, merely that they might. They did this at a shareholders’ meeting, too; which suggests that a large part of that might have been due to UHC’s awareness that people were...
  • Home owner insurance companies remove coverage for all solar panels and gear from policy

    11/11/2015 1:11:40 PM PST · by George from New England · 32 replies
    self
    Home owner insurance companies exempting solar panels and associated equipment from coverage. Have you received notice? Do you care?
  • 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.
  • Massive shortfall in government payouts to insurance companies promises big premium increases

    10/27/2015 7:50:49 AM PDT · by SeekAndFind · 13 replies
    American Thinker ^ | 10/27/2015 | Rick Moran
    The government program to reimburse insurance companies with big losses as a result of signing up too many old and sick customers is massively short of funds and could cause some companies to either go under or get out of the Obamacare exchanges. The so-called "risk corridors" that forced profitable companies to pay into a fund that would be disbursed to companies who lost money is underfunded by 88% and will almost certainly lead to big changes in premiums and consumer choice on the exchanges. Washington Examiner: Obamacare insurers requested about $2.9 billion in risk corridor payments for the...
  • Drugmaker to offer $1 version of $750-per-pill medication

    10/23/2015 4:08:09 AM PDT · by fruser1 · 18 replies
    Fox News ^ | 10/23/2015 | Fox News (AP Copy)
    "News that Turing, Valeant Pharmaceuticals International Inc. and other drugmakers have bought rights to old, cheap medicines that are the only treatment for serious diseases and then hiked prices severalfold has angered patients. It's triggered government investigations, politicians' proposals to fight "price gouging," heavy media scrutiny and a big slump in biotech stock prices." "Turing's Shkreli, under fire from all sides, said late last month that he would lower the price of Daraprim, but hasn't so far. A Turing spokesman didn't respond to a request for comment Thursday but recently noted the company is capping patient copayments at $10."
  • Feds Hide Secret List Of 11 Staggering Obamacare Insurers

    10/19/2015 2:40:32 AM PDT · by markomalley · 8 replies
    Daily Caller ^ | 10/19/15 | Richard Pollock
    Federal officials have a secret list of 11 Obamacare health insurance co-ops they fear are on the verge of failure, but they refuse to disclose them to the public or to Congress, a Daily Caller News Foundation investigation has learned.Just in the last three weeks, five of the original 24 Obamacare co-ops announced plans to close, bringing the total of failures to nine barely two years after their launch with $2 billion in start-up capital from the taxpayers under the Affordable Care Act.All 24 received 15-year loans in varying amounts to offer health insurance to poor and low income customers...
  • Nearly 200,000 Colorado Health Plans to be Canceled Despite Obamacare Extension

    03/14/2015 4:54:33 AM PDT · by Mount Athos · 15 replies
    PJ tattler ^ | March 13, 2015 | Bridget Johnson
    Colorado Sen. Cory Gardner (R) said he’s “utterly appalled” by the Colorado Division of Insurance decision to cancel 190,000 health plans that don’t comply with Obamacare regulations — even though they have the authority to continue the old plans for another year under grandfathering rules announced last year. “Coloradans were promised by supporters of this healthcare law that if they liked their plans, they could keep their plans,” he said. “DOI should follow through on that promise, and prove that last year’s extension wasn’t simply an empty election year ploy to fool people into believing they were going to be...
  • Largest health insurer on Colorado exchange collapses (obozocare)

    10/16/2015 1:13:02 PM PDT · by dynachrome · 28 replies
    Reporter Herald ^ | 10-16-15 | Kristen Wyatt
    Colorado's biggest nonprofit health insurer announced its closure Friday, forcing nearly 83,000 Coloradans to find a new insurer for 2016. Colorado HealthOP announced Friday that the state Division of Insurance has de-certified it as an eligible insurance company. That's 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. The Colorado announcement makes the co-op the seventh in the nation to collapse. Similar nonprofit insurers have already failed in Kentucky, Louisiana, Iowa/Nebraska, Nevada, New York...