Aetna to Obamacare: We're outta here

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The insurance giant announced Wednesday that it would not offer policies in Nebraska or Delaware next year, completing its exit from the exchanges. Earlier this year, Aetna (AET) said it would pull out of Iowa and Virginia in 2018.
http://money.cnn.com/2017/05/10/news/economy/aetna-obamacare/

And there's more:

Aetna’s Obamacare Exit May Trigger Domino Effect as Deadline Looms
The deadline for most companies to decide whether they will sell plans on the ObamaCare marketplace next year is June 21, as instability on the exchanges and rising costs continue to discourage companies from participating.

On Wednesday, Aetna (AET) became the latest major health insurance company to commit to completely exiting the ObamaCare marketplace in 2018, citing exorbitant costs.
Insurers That Have Exited

In addition to Aetna, Humana (HUM) announced earlier this year it would not participate on the ACA exchanges next year.

Anthem (ANTM) is contemplating exiting some, if not all, of its positions next year, CEO Joseph Swedish said during an April earnings call.
Areas with Little to No Coverage

Five states—Alabama, Alaska, Oklahoma, South Carolina and Wyoming— and 31 percent of counties across the country currently only have one ObamaCare exchange provider.

In 2018, 16 counties in Tennessee could have no coverage under the Affordable Care Act, though Blue Cross Blue Shield said earlier this week it may step in to fill those gaps. Meanwhile the law is on life support in Iowa where the last major insurer, Medica, has threatened to pull out unless there is “swift action by the state or Congress to provide stability,” following Aetna and Wellmark Blue Cross & Blue Shield’s withdrawal from the state.

The former CEO of Molina Health (MOH) threatened to pull out of the exchanges at the end of April if Congress failed to extend subsidies for healthcare support for low income individuals. Under those circumstances, Dr. J. Mario Molina told FOX Business earlier in April the entire ObamaCare marketplace would likely “collapse.”

Rising Costs

Rising costs are not only a problem for health insurance companies, but rising premiums will plague consumers next year as well. Average premiums are set to rise by more than 20 percent in at least three states that have already posted rates—Maryland, Virginia and Connecticut, according to data compiled by Bloomberg. CareFirst Blue Cross Blue Shield will request a more than 50 percent rate increase in Maryland, a 35 percent increase in northern Virginia and a 29 percent increase in Washington, D.C., according to The Washington Post.

CareFirst Blue Cross Blue Shield forecasted by the end of 2017 it will have lost $600 million collectively as a result of its participation in the ObamaCare marketplace, The Washington Post reported.
The United States’ largest health insurer, UnitedHealth (UNH), has also already exited most of its exchange positions.
http://www.foxbusiness.com/markets/...-trigger-domino-effect-as-deadline-looms.html
Personally I'd rather see trumpcare fail in the senate and watch obamacare continue to implode on its own.
 
it's clear Obamacare is in a death spiral

my only question is where are the profitz coming from. Insurance companies are twice as profitable now as they were when Obamacare started. Obamacare was a huge democrat hand out to them. Not to mention they have a government enforced monopoly in most places.
 
No concern for the millions who will lose coverage?

I look at all those as opportunities for you bleeding heart Liberals to prove you care as much as you claim. It will give you a chance to back up your words that you care by personally providing coverage for all those you claim will lose it. How many will you personally fund? How much concern will you personally show for all those to whom you claim a responsibility? I have responsibility to anyone when it comes to coverage but myself and MY family. Since I have no responsibility to anyone else, there is no accountability on me if they don't get it.
 
Not a wit.

But feel to,pay for someone's insurance with your own money


Shouldn't christie and the rest of the bleeding heart look at them as opportunities to prove they care as much as they claim by personally providing the funding for coverage for them?
 
Shouldn't christie and the rest of the bleeding heart look at them as opportunities to prove they care as much as they claim by personally providing the funding for coverage for them?

It should. But their caring stops at the waters edge of demanding the government take from the rich to distribute to others in an effort to satisfy their conscience.
 
No concern for the millions who will lose coverage?
Let's keep it real.


A federal judge has ruled against the proposed acquisition of the health insurance company Humana by its larger rival, Aetna.
The decision is a victory for former President Obama's Justice Department, which sued Aetna last year to block the $34 billion merger, NPR's Yuki Noguchi reported.
The suit alleged that the merger would hurt competition in the health care market, leading to higher prices for consumers and fewer services for Medicare patients.

http://www.npr.org/sections/thetwo-...hcare-merger-saying-it-would-hurt-competition
 
After ObamaCare repeal, GOP majorities on life support
excerpt

... the House GOP leadership rushed through a bill absent the all-important Congressional Budget Office scoring and no hearings to vet the bill's impact on the American people. This amid the backdrop that a recent Gallup poll shows the Obama’s Affordable Care Act with a 55 percent approval rating, while the AHCA stands at a paltry 17 percent. *Despite those facts, Republicans are determined to strip millions of Americans of healthcare. (The CBO estimated approximately 24 million could lose coverage under the GOP’s plan).

In the aftermath of Obama's historic healthcare win, Democrats proceeded to lose a whopping 63 seats in the House and six in the Senate. Moreover, historically, the party that controls the White House struggles to maintain seats in midterm elections and if history is any guide, the House GOP's healthcare "victory" all but dooms both Republican-led chambers to minority status in 2018. Moreover, President Trump’s historically-low approval numbers only compounds the problems confronting Republicans efforts to maintain control of the levers of power in Washington after 2018.

Scores of outside groups ranging from the AARP, the American Medical Association, the Diabetes Association and others came out vociferously against the passage of the bill. The AARP has vowed to make constituents (of Republicans who voted for the bill) aware of their vote. Also, in rare unity, the trifecta of the medical landscape: doctors, hospitals, and insurers are speaking with one voice denouncing the bill. Michael J. Dowling, chief executive of Northwell Health, a large health system in New York stated: "This is just a debacle."

http://thehill.com/blogs/pundits-bl...amacare-repeal-gop-majorities-on-life-support
 
It's fine to criticize Trumpcare -I don't think it has any worth either - but you can't ignore that providers are pulling out.

So where do we realistically go from here?
 
it's clear Obamacare is in a death spiral

I guess the idea is if you just keep saying something false enough it will just magically come true.

Is Obamacare in a 'death spiral'?

tom-false.png


"It is in a death spiral," conservative radio host Hugh Hewitt said March 26 on Meet the Press. "The New York Times yesterday pointed out that — the president of Aetna — that you will lose coverage in many places in America for everyone, and that to me is a death spiral for those people."

The idea that Obamacare is in a "death spiral" — a specific term used in the health insurance industry — is a claim that we’ve heard before. Experts say Hewitt is incorrect.

We reached out to Hewitt through his radio program but did not hear back.

"Death spiral" is a health industry term built around three components:
Shrinking enrollment;
Healthy people leaving the system;
Rising premiums.

The latest government figures show enrollment in the Affordable Care Act is slightly down from last year. Through Jan. 31, 2017, some 12.2 million people were signed up for coverage through a federal or state marketplace, which is a decrease of 500,000, or 4 percent, from the same point last year.

Experts noted that marketplace sign-ups were running in line with their 2016 pace as of the middle of January, which experts said might suggest the decline in sign-ups was somehow related to the Trump administration, not an impending death spiral. For example, the Trump administration decided to at least partially halt marketing and outreach encouraging people to sign up for health coverage.

But experts say the enrollment decline isn’t an indication the health care law is in a death spiral. There is no direct connection, they said, showing that the declining enrollment is causing premiums to increase.

Why not? Because federal government subsidies in the form of tax credits are largely shielding customers from feeling the premium increase.

As we have reported, premiums are increasing. But that isn’t affecting the cost for most consumers, due to built-in subsidies under the Affordable Care Act. The subsidies cap premium prices at a certain percentage of income for anyone below 400 percent of the federal poverty level (in 2016 that would be $47,520 for a single person).

Among the people who have signed up so far for 2017, 81 percent will receive a subsidy.

Data also shows no uptick in healthy people leaving the health insurance market.

CBO, independent analysis: No death spiral

We rate this claim False.
http://www.politifact.com/punditfact/statements/2017/mar/26/hugh-hewitt/obamacare-death-spiral/

Facts vs political meme.
 
Moosecare. Seriously. It is genius and fair.
I guess..I'm no expert in any of this -but it seems the only real way is single pay..increases the pool to everyone,and doesn't operate for profit.

Then if you want private insurance on top of it ( and will pay for it) you could do that too.
 
I guess the idea is if you just keep saying something false enough it will just magically come true.

Is Obamacare in a 'death spiral'?

tom-false.png


"It is in a death spiral," conservative radio host Hugh Hewitt said March 26 on Meet the Press. "The New York Times yesterday pointed out that — the president of Aetna — that you will lose coverage in many places in America for everyone, and that to me is a death spiral for those people."

The idea that Obamacare is in a "death spiral" — a specific term used in the health insurance industry — is a claim that we’ve heard before. Experts say Hewitt is incorrect.

We reached out to Hewitt through his radio program but did not hear back.

"Death spiral" is a health industry term built around three components:
Shrinking enrollment;
Healthy people leaving the system;
Rising premiums.

The latest government figures show enrollment in the Affordable Care Act is slightly down from last year. Through Jan. 31, 2017, some 12.2 million people were signed up for coverage through a federal or state marketplace, which is a decrease of 500,000, or 4 percent, from the same point last year.

Experts noted that marketplace sign-ups were running in line with their 2016 pace as of the middle of January, which experts said might suggest the decline in sign-ups was somehow related to the Trump administration, not an impending death spiral. For example, the Trump administration decided to at least partially halt marketing and outreach encouraging people to sign up for health coverage.

But experts say the enrollment decline isn’t an indication the health care law is in a death spiral. There is no direct connection, they said, showing that the declining enrollment is causing premiums to increase.

Why not? Because federal government subsidies in the form of tax credits are largely shielding customers from feeling the premium increase.

As we have reported, premiums are increasing. But that isn’t affecting the cost for most consumers, due to built-in subsidies under the Affordable Care Act. The subsidies cap premium prices at a certain percentage of income for anyone below 400 percent of the federal poverty level (in 2016 that would be $47,520 for a single person).

Among the people who have signed up so far for 2017, 81 percent will receive a subsidy.

Data also shows no uptick in healthy people leaving the health insurance market.

CBO, independent analysis: No death spiral

We rate this claim False.
http://www.politifact.com/punditfact/statements/2017/mar/26/hugh-hewitt/obamacare-death-spiral/

Facts vs political meme.
ya. I know all that BAC, thanks.
subsidies are keeping a lot of people enrolled-but it doesn't address the exit of the providers.
 
ya. I know all that BAC, thanks.
subsidies are keeping a lot of people enrolled-but it doesn't address the exit of the providers.

It's not a perfect system, no one ever said it was .. certainly not me.

However, it's problems are not fatal and can be fixed by people who begin with the simple premise that Americans deserve better healthcare then what was the status quo.
 
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