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Thread: 'Death spiral'? ObamaCare problems making coverage harder to afford, find

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    'Death spiral'? ObamaCare problems making coverage harder to afford, find

    'Death spiral'? ObamaCare problems making coverage harder to afford, find

    When Health Republic Insurance of New Jersey announced recently that it’s $46 million in debt and shutting down, it became the 17th failed ObamaCare co-op since the Affordable Care Act launched three years ago.




    Those failures – just six of the original 23 co-ops remain – have left hundreds of thousands of people scrambling for coverage.


    Meanwhile, insurers claiming big losses are leaving some state exchanges -- including Indiana University Health Plans, whose exit is expected to result in 27,000 Indiana residents losing ObamaCare plans in 2017. And companies still operating in the federal and state exchanges are raising premiums for next year.


    Together, the developments are posing new challenges for Americans seeking affordable coverage, and show the highly touted overhaul of the country’s health care system is in some cases not yielding the savings President Obama once promised.


    As a candidate on the campaign trail in 2008, Obama once said: “If you’ve got health insurance, we’re going to help that employer save $2,500 per family per year. … Those savings are going to be passed along to the workers.”


    Nationally, though, premium hikes are expected to average 8 percent next year. Many insurance companies are seeking much more than that, for the exchange plans and those offered to employers.
    I think Obamacare is working as it was designed to work.
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    FindersKeepers's Avatar Senior Member
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    I agree. If this wasn't intended -- it was among the dumbest mistakes made by the authors of a bill.

    It's all heading toward a public option.

    The thing is -- this could have been settled from the start by implementing an OPTIONAL public option for those who wanted to buy into a bare bones plan at a low cost. It would not have affected big insurers, save to prompt them to come into competition a bit. There should never have been a coercion penalty that punished those who could not afford to buy healthcare. That was, and is, as anti-American as it gets.

    All they had to do was implement a single public option for those who wanted to participate that operated like Medicare (not Medicaid).

    Now, we'll see something similar -- but it will be overextended and draconian in nature.

    Not that I will cry at the demise of big insurers and Big Pharma.

    I welcome their demise.

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    We had lost our insurance 3 months ago. (Supplied through work..lost the job). We shopped around and found that the exchanges in Indiana were so expensive 900 a month or worse. 20/80 across the board and no extended stay in the hospital.
    we finally got a call from a group insurer and got a plan for less than 200 with more coverage and hospital stay.
    I can supply a number for those who might need it. Just send me a pm
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    I see that the Blue in TX is requesting a 60% increase in premiums.

    If anyone wants a reason to vote for Trump, as bad as he is? This should be it.

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    Quote Originally Posted by FindersKeepers View Post
    I agree. If this wasn't intended -- it was among the dumbest mistakes made by the authors of a bill.

    It's all heading toward a public option.

    The thing is -- this could have been settled from the start by implementing an OPTIONAL public option for those who wanted to buy into a bare bones plan at a low cost. It would not have affected big insurers, save to prompt them to come into competition a bit. There should never have been a coercion penalty that punished those who could not afford to buy healthcare. That was, and is, as anti-American as it gets.

    All they had to do was implement a single public option for those who wanted to participate that operated like Medicare (not Medicaid).

    Now, we'll see something similar -- but it will be overextended and draconian in nature.

    Not that I will cry at the demise of big insurers and Big Pharma.

    I welcome their demise.
    the only intention of Obiecare was to institute another tax on us. That was all it was designed to do.
    The other side of the coin was that the fed gov grabbed another 7-10% of the private economy......quasi-epic taxation
    For waltky: http://quakes.globalincidentmap.com/
    "The Nation that makes a great distinction between its scholars and its warriors will have its thinking done by cowards and its fighting done by fools."
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    "Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote" B. Franklin
    Igitur qui desiderat pacem, praeparet bellum

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    Damn I love my healthcare...

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    Quote Originally Posted by Peter1469 View Post
    'Death spiral'? ObamaCare problems making coverage harder to afford, find


    I think Obamacare is working as it was designed to work.
    I agree. It was intended to be a failure in order to justify a complete government take over.

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    Quote Originally Posted by Common Sense View Post
    Damn I love my healthcare...
    According to every Canadian I've met, it's great as long as you don't need it.

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    Quote Originally Posted by Tahuyaman View Post
    I agree. It was intended to be a failure in order to justify a complete government take over.
    Single payer. Bet the hard left chooses a model closer to the UK model than the Canadian model.
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