Posted on 07/08/2018 5:30:40 PM PDT by Olog-hai
Health insurers warned that a move by the Trump administration on Saturday to temporarily suspend a program that was set to pay out $10.4 billion to insurers for covering high-risk individuals last year could drive up premium costs and create marketplace uncertainty.
The Affordable Care Acts (ACA) risk adjustment program is intended to incentivize health insurers to cover individuals with pre-existing and chronic conditions by collecting money from insurers with relatively healthy enrollees to offset the costs of other insurers with sicker ones.
President Donald Trumps administration has used its regulatory powers to undermine the ACA on multiple fronts after the Republican-controlled Congress last year failed to repeal and replace the law propelled by Democratic President Barack Obama. About 20 million Americans have received health insurance coverage through the program known as Obamacare.
Americas Health Insurance Plans (AHIP), a trade group representing insurers offering plans via employers, through government programs and in the individual marketplace, said the CMS suspension would create a new market disruption at a critical time when insurers are setting premiums for next year. [ ]
It could also encourage more insurers to bow out of Obamacare.
(Excerpt) Read more at reuters.com ...
Screwing 90 percent of the population for the benefit of 2 percent is not good, moral or right. Fck oboma care. Wow. You need to go directly to your neighborhood to beg for help and not use the force of the fedgov.
Bull!
Before Obastard care i could have got on the PCIP insurance and it would have cost me 134 bucks a month. 80-20 and with about a 1500 maximum out of pocket.
They dropped that after Obastard got his commie care voted in.
All they had to do was expand that program. But did not because they wanted to CONTROL you and me.
Make the doctors and hospitals post their pricing on the Internet if you pay in cash.
That is worthy of a use of the FR "Abuse" button...Never, since 1998, have I seen such a vile statement on FR!
Obama fixed absolutely nothing. Don’t fool yourself.
It was one of his worst "dope and change" fixes for me. Before Obamacare, my employer provided insurance premiums were high but manageable, and my deductable was very manageable.
After obama "fixed" the healthcare system, my premiums are a lot higher, and my deductable is incredibly high. I am afraid to go and see a doctor because of my very high deductable. Why have insurance when your deductable is so high? Why pay the very high premiums that are a significant portion of your salary??
It looks like a collusion scam between obama and the insurance companies. I am by no means a rich person.
Trump, please leave it alone.
Thats President Trump.
And no.
L
Yes it does but the system cannot sustain the weight and the advocates of ACA knew this. I do know there are those who cannot be denied care in many cases being one of the only positives of ACA. I have used the closest thing in America to a Socialized Health System in the VA and it will never be able to handle hundreds of millions more patients. I also was fortunate enough to be employed with incredible health insurance by my company when I had detrimental health circumstances. I am glad that I was not dependent on government for my diagnosis and care.
Nobody could be denied health care before the ACA either. It was just the matter of the health insurance games when it came to pre-existing conditions, if one had to be re-insured; but it was available and for cheaper than under the ACA.
Obamacare is bankrupting my family. Health insurance before Obamacare was a lot more affordable before it was forced on us. Now it is expensive worthless insurance.
Exactly. If you had continuous insurance, you were covered. I know. Or if you had a break in insurance you had to wait a period of time. Prevented not carrying insurance then suddenly demanding coverage because of an emergency.
Apparently, you’re wrong.
Look I was among the very first FReepers to support President Trump.
Before he even announced he was a candidate.
Give it a rest please.
Look I was among the very first FReepers to support President Trump.
So what? Obamacare is an abomination. In 6 years our health insurance costs have gone from $300 a month to over $1,400. Thats more than our mortgage.
The deductible has gone from $1,500 to $12,000.
Give it a rest please.
Go bugger yourself.
President Trump ran on repealing this suck butt piece of legislation entirely. I expect him to get it done.
And I believe he will.
L
I believe that would be a big, big mistake.
Be careful on this matter, Mr. President.
It would be a bigger mistake not to.
L
The ACA was pure bullshit.
I lost my completely emploer paid 80/20 and similar plan is now $500 monthly.So f as r from saving me $2500 per year it costs $6000.
ANYONE wjo supports obamacare is my enemy.
Yeah, the costs of Obamacare are going up because they’re not being subsidized by the taxpayers anymore - on the other hand taxpayers are going to be paying less because they don’t have to cover other people’s expenses like Obamacare and are getting tax cuts.....
Do you mean..Let the “best” Doctors make the most money?
what a novel idea...
“Americans have a very good healthcare system basically, “
Which ObamaCare ruined.
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