More insurers abandon Obamacare. Who might be next?

CNN Money ^ | April 5, 2017 | by Tami Luhby

[Oldeconomybuyer]

First, Humana pulled out of Obamacare for 2018. Then, Wellmark announced it was leaving. Which health insurer could be next?

The failure of the GOP health care plan in Congress and the ongoing uncertainty surrounding the Trump administration's next moves have left insurers skittish about participating in the Obamacare exchanges next year.

Certainly, Obamacare was troubled before President Trump took office. But many experts, including the Congressional Budget Office, felt Obamacare was stable overall.

Certainly, Obamacare was troubled before President Trump took office. Several major insurers scaled back their involvement on the exchanges, while others hiked premiums to cover their sicker-than-expected policyholders. But many experts, including the Congressional Budget Office, felt Obamacare was stable overall.

All eyes are on Anthem, which has said it's reviewing its participation next year. If it pulls out, more than 256,000 residents in Georgia, Kentucky, Missouri, Ohio and Virginia would be left with no options -- unless another carrier steps in.

[Oldeconomybuyer]

Obamacare, a horrible law that Obama was never held to account, is now "Trump's fault". Amazing.

[Mr. K]

I BET HE DOES NOT CARE

[Slyfox]

WHAT 'SINGLE PAYER' REALLY MEANS:

"Now, I don't want you guys to worry because when you start losing money we are going to jump in and bail you all out."

[Lurkinanloomin]

Plenty of people are ticked off that Paul Ryan was not allowed to rescue Obamacare.

[Republican Wildcat]

The failure of the GOP health care plan in Congress and the ongoing uncertainty surrounding the Trump administration's next moves have left insurers skittish about participating in the Obamacare exchanges next year. Certainly, Obamacare was troubled before President Trump took office. But many experts, including the Congressional Budget Office, felt Obamacare was stable overall.

LOL - can you believe this utter BS? Obamacare stable overall - utter nonsense! Blaming things on Trump and the GOP they have no connection to and is entirely the fault of Obama and the Democrats. Note to the GOP: Go ahead and go all out on repeal and replace - because now they're blaming you for Obamacare's own failures you had no part of anyway.

[Pollster1]

I am praying for an avalanche. I want them all to drop out.

[Liz]

"Now, I don't want you insurers to worry; when you start
losing money, we are going to jump in and bail you all out."

Obama Siphoned off GSE Dividends To Prop Up OBAMACARE

ZeroHedge ^ | April 2, 2017 / FR Posted on by Zakeet

Earlier this month, Harvard Ph.D. Jerome Corsi of InfoWars (@jerome_corsi) and a CPA "who worked for two years for a major U.S. accounting firm as an outside auditor for Freddie Mac," confirmed a 2012 scheme hatched by the Obama administration.

The audacious looting involved funnelling hundreds of billions in dividends from Government Sponsored Enterprises (GSE) Fannie Mae and Freddie Mac to prop up the failing Obamacare program - by paying subsidies to insurers to remain in the system. [Snip]

The conclusion reached by Corsi and others is that this was probably illegal. In fact, House Republicans actually sued the Obama Administration in 2014 over the fact that the subsidies to insurers weren't appropriated by congress and won, which the Obama administration appealed.

Zerohedge and the Atlanta Journal Constitution pointed out last week, the Trump administration has until May 22nd to decide whether or not to pursue the appeal: (Excerpt) Read more at zerohedge.com ...

[Buckeye McFrog]

- Sudden collapse
- Panic
- Single payer

All according to the playbook.