Posted on 04/20/2016 4:27:57 AM PDT by markomalley
UnitedHealth is withdrawing from most of the 34 ObamaCare Exchanges in which it currently sells, citing losses of $650 million in 2016. A recent Kaiser Family Foundation report indicates UnitedHealth’s departure will leave consumers on Oklahoma’s Exchange with only one choice of insurance carriers. Were UnitedHealth to exit all 34 states, the share of counties with only one or two carriers on the Exchange would rise from 36% to 52%, while the share of enrollees with only one or two carriers from which to choose would nearly double from 15% to 29%.
The Obama administration dismissed the news as unimportant. A spokesman professed “full confidence, based on data, that the marketplaces will continue to thrive for years ahead.” Like what, two years? Another assured there is “absolutely not” any chance, whatsoever, that the Exchanges will collapse.
Obamacare hasn’t yet collapsed in a ball of flames. But UnitedHealth’s withdrawal from Obamacare’s Exchanges is more ominous than the administration wants you to know.
(Excerpt) Read more at forbes.com ...
Why can’t we buy insurance across state lines?
Why can’t we buy GUNS and AMMUNITION across state lines?
All part of the plan from the beginning. Single payer has been the dream all along. United will probably get some sort of taxpayer funded “bailout” for their good efforts.
I have bought and sold guns across state lines. Just follow the laws, ship UPS. But states each have their own laws and minimum insurance requirements.
A USSC divided evenly between pro and anti Constitutionalists leaves an ocean wide hole for effective repeal of the 2nd Amendment, at least within certain judicial circuits. How did the Republic come to this pass wherein nine or fewer judges ARE the Constitution of the United States?
A USSC divided evenly between pro and anti Constitutionalists leaves an ocean wide hole for effective repeal of the 2nd Amendment, at least within certain judicial circuits. How did the Republic come to this pass wherein nine or fewer judges ARE the Constitution of the United States?
From the article...
1. UnitedHealth’s departure shows Obamacare is suffering from self-induced adverse selection.
2. UnitedHealth’s departure is bad news for other carriers.
3. UnitedHealth’s departure shows Obamacare premiums will continue to rise.
4. There will be more exits.
5. UnitedHealth’s departure shows quality of coverage under Obamacare will continue to fall.
Obama is encouraging Insurance companies to sue the government over the ACA.
The idea is to get around the legal restriction that does not allow taxpayer funds to be payed to the Insurance companies to cover their losses. The government would settle these suits with enough cash to make the companies profitable.
Sad.
Luckily, we can buy beer, groceries, hookers, stamps, golf clubs, cars, dogs, pumpkins, lumber, screwdrivers, and houses across state lines.
I think this state line thing is a mythical discussion item among insurance companies because in each state....there are certain cost items which relate to X, Y and Z. So, you and the finance wizard could assemble data and draw conclusions that this procedure in this state will cost this amount and they can relate insurance premiums in this way. The minute that you said it was national, and a guy in Ala might be getting treatment in NY City or Vegas....well, it’d be tough to predict the cost
The master plan is working by elimination .
Thank you!!
Coming from you, that was without doubt a rhetorical question to which you know the answer.
But I'll bite anyway and blame the 17th Amendment.
The acceptance by the nation of the Marbury vs. Madison decision. The 17th likely made it impossible finally to undo M v. M.
“How did the Republic come to this pass wherein nine or fewer judges ARE the Constitution of the United States?”
It is particularly bad since only two (Alito and Thomas) come close to interpreting the Constitution based on original intent and the wording in the document. The rest believe in the “living” Constitution.
This isn’t a bug, it is a feature.
Once ACA drives out the private insurance companies, it will lead to calls for a single payer system.
Which is what the majority of large corporations want.
“Why can’t we buy insurance across state lines?”
The idea that buying across state lines would save money is a myth for several reasons.
The state insurance commissions dictate what coverage must be provided within a state. Adjacent states will likely have different coverage requirements. Different coverage requirements means different costs.
Second, the costs of providing medical coverage are also a function of the state. An insurance company providing coverage in Alabama will face different costs than one providing coverage in New York. The physicians will cost more, their offices will cost more, etc. Then too, their liability insurance costs will differ.
Third, you could perhaps save some money but you would have to travel to the state where your insurance contract is written to get coverage.
California elected representatives who will ban gun sales. To me it’s a states rights deal. The people elected those representatives... they get what they want.
Yes, the state lines boundary is silly. Blue Cross is all over creation, licensed state by state. Other companies could do the same. The problem is the COST of care. There is no magic way to painlessly relieve every single American of ten grand apiece each year, which is what the cost is.
Californication is protecting the Mexican gun sellers by passing this law.
Remember, ObamaCare is SUPPOSED to fail. The resulting crisis is supposed bring about single payer.
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