Posted on 10/20/2015 8:44:03 AM PDT by SeekAndFind
ObamaCare is heading toward a death spiral.
The Obama administration is having trouble selling insurance plans to healthy people. That’s a big problem: When the young and healthy don’t enroll, premiums have to be hiked to cover the costs of older, sicker people, discouraging even more young people from signing up.
Last Thursday, the administration predicted enrollment for 2016 will be less than half what the Congressional Budget Office predicted in March.
Despite subsidies to help with premiums and out-of-pocket costs, most of the uninsured who are eligible for ObamaCare are saying “no thanks.” Only one in seven is expected to sign up. That’s despite a hefty increase in the financial penalty next year for not having insurance.
The president sees the writing on the wall. You won’t be seeing the customary nationwide TV campaign to encourage sign-ups, as there were in previous years. Remember the young guy in plaid pajamas — “Pajama Boy,” to conservatives — well, he won’t be back this winter.
Bad enough that healthy people aren’t buying. Worse is that the administration is spending billions of your tax dollars covering up the problem, paying insurers to keep offering the plans, even though they’re losing their shirts. But facts are facts — and there’s no hiding these.
Health and Human Services Secretary Sylvia Burwell predicts ObamaCare enrollment will inch up by 1 million or so, to 10 million people — half what the CBO forecasted. Open enrollment for the coming year, which begins Nov. 1, “is going to be a challenge,” she said.
David Wichmann, UnitedHealth Group’s president, announced higher premiums last week because enrollees will “require more medical services than original expectations.”
(Excerpt) Read more at nypost.com ...
That didn’t take long...the era of Hope and Change is going out with a whimper.
Maybe not...
That has been their intention all along, to bring about single-payer.
You just gotta hang in there until you hit age 65.
Then Medicare Part A (the “free” part) qualifies as coverage for no Obamacare penalty.
And that’s the point.
Further, the goal is to reward political supporters with free stuff at the expense of political enemies,
and here’s the big thing - at the same time deny those very political opponents access to the stuff they’re paying for for the political supporters.
This is the chance to undo nationalized healthcare under government control - Ted Cruz 2016!
I’ve heard that so many times. I refuse to believe that people not wanting plans, astronomically high premiums, co-ops closing, etc. weren’t party of the original plan. The real end goal was and is single payer.
“EVERY person who voted for Obama is an ENEMY of freedom and should be treated as such. If they are friends, get rid of them. If they are family, shun them. If they are employees, fire them”.
Agreed!!
That’s been my attitude all along.
And when SHTF, the only ones I will have any sympathy for are the children.
“The dirty little secret is that not only do health insurance premiums go up but so do Home Insurance Premiums, Auto Insurance Premiums, Liability Insurance Premimus...etc. “
No kidding, I just received my annual “offer” from the a$$holes at Farmers for my HO policy. Premium is up 22% while coverages have been pushed up by 5%. So I called my agent. Seems that “brush” has now become a problem. So I asked him what “brush” meant, and he told me that they now concerned about everyone’s “landscaping” and how it might contribute to a fire. We live in the SF East Bay, not in a place like Middletown, the scene of that horrendous fire from a couple of months ago. So I now see that this is how they “recover” from their losses! Crooks all!
I don't do Obamacare either, but from what I've read, it's similar to other policies that might be purchased in a group setting. That is, you have a window for sign-ups, and that's it.
If you have some pre-defined "life event" however, you can apply for a new, or amended policy. For example, you get married, have a child, lose your job, etc.
As intended. They openly admitted yeas ago that this was simply the means to get Single Payer done, so that we would all have that VA-quality care. Ugh.
Single Payer Icebergs ahead, Cap’n!! Lots of ‘em!!!
for the third time since 1940 - and all three from O'bummer
That said, the monthly deduction from your SS check is going UP by @$55 - making it an average of around $159 per month.
That, alone, is quite a hefty 'cost of living increase' - by their usual formula of giving a COLA of, say, $20 an month and raising medicare premiums by almost the same amount was evil enough.
Back in the beginning of O's Reign, he froze SS for 2 years, resulting in an average of $600+ per years, forever, and now this...an additional COST of about $600 a year.
That would fill up the fuel oil tank twice.
But they had enough $$$ to, in addition to swapping 5 top terrorists for a traitor - to give them millions of dollars. A drop in the bucket of the billions that has been diverted to Muslims/Muslim countries out of our pockets.
We need a candidate that will take office and put back the trillions that have been embezzled form Social Security - and then LOCK THE DOOR.
Fund the lazy couch potatoes out of the General Fund...not out of the account seniors PRE-paid into for 50 years!
AND abolish the IRS. Go to FAIR TAX - the gov't would actually have more 'income' - they just wouldn't have total oversight and control over us law-abiding citizens.
AND a president who would close the largess incomes and retirements of our 'representatives'
>>And when SHTF, the only ones I will have any sympathy for are the children.
They’ll be like the children of Dresden or Tokyo—when the war is over, I’ll care about them. Remember that as the children of Progressives, their minds are already tainted and will betray the next generation just as their parents and grandparents are betraying the promise of America today.
So why are Trump and all the rest of the candidates, except Ted Cruz, talking about replacing Obamacare and substituting something that either will not work or else will be almost as expensive and will sooner or later enter into a death spiral of it’s own?
Another “gift” from the Central Planners goes awry.
IMHO the Dems are deliberately holding down SS increases so that they can run on “Taxing Wall Street to EXPAND Social Security” next fall.
In the nutjob places where they hang out on the interweb they are already telegraphing this.
That’s exactly right.
We’ve never been in a war like this one.
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