Obamacare essentially DEAD as Aetna announces it's pulling out too.

Jarod said:
Clearly because their business model was based on the old system that was basically subsidizing them via tax dollars.
Click to expand...

/boggle.....you don't even realize that tax dollars are subsidizing Obama care?......didn't you take Pelosi's advice and read the fucking thing after they passed it?......
 
Jarod said:
That might be true, the old system was rigged to benefit certain groups.
Click to expand...


BS! You espouse this garbage day in and day out. Explain your statement. I was not in any "certain group" other than an average middle class earning bracket. My premium has skyrocketed and is essentially useless unless there is a catastrophic event. Family premiums are outrageously exhorbitent.

Obama's unaffordable care act is imploding. Your response, we'll all just have to limp along. Like Nancy Pelosi you just wave your dismissive hand or point fingers.
 
NOVA said:
ACA is going to die because Obama signed an omnibus spending bill that cut funding for risk corridors?....and you blame Republicans.....neat trick but a trick that don't anybody anymore.....
Click to expand...
Not sure what language you're speaking, but Republicans put the language in an omnibus military spending bill that cut funding for risk corridors. Obama was an idiot to sign it.
 
anatta said:
I defer to your knowledge of insurance, but wouldn't an open public option along WITH insurance companies cause the profitable enrollees to go with private, and the lessor (losses) go wit the gov't?
I can't see how anything works without a universal pool
Click to expand...
A public option would allow people to buy Medicare. Right now, Medicare has the highest risk demographic. Their management costs are a tiny fraction of private insurers, so their rates would be cheaper.

Virtually anyone who would purchase Medicare would improve their liability ratio, as everyone who now has it, is in need of health related procedures.

As such, it would give private insurers competition due to lower rates.
 
Althea said:
Not sure what language you're speaking, but Republicans put the language in an omnibus military spending bill that cut funding for risk corridors. Obama was an idiot to sign it.
Click to expand...

Blabo thinks a "Risk corridor" is the aisle at Wal Mart where they keep the board games.

Poor Blabo.
 
Jarod said:
Clearly because their business model was based on the old system that was basically subsidizing them via tax dollars. The government was allowing private enterprise to take all the profitable insurance cases then making up the difference on the non-profitable people using tax dollars.

Now, the Insurance companies cant turn anyone down so that the tax payers make up less of the slack.

Some insurers are insisting on going forward without changing their business model.
Click to expand...

No. Not even close.
They are still subsidized and still can't make it work for the simple reason that was built into the fuzzy math for cbo scoring and admitted, they must have X % of healthy young people paying premiums they will never use and they have never gotten close. As predicted and predictable based on Mass and Hawaiian plans operating in like models.
If you can sign up any time and not get refused for preexisting there is zero incentive to do it.
And even the illegal subsides to install cos are not enough. And never will be.
 
Althea said:
Not sure what language you're speaking, but Republicans put the language in an omnibus military spending bill that cut funding for risk corridors. Obama was an idiot to sign it.
Click to expand...

Obamas game of what funding and for whom is under what cup has been stopped. This is good news.
 
Celticguy said:
No. Not even close.
They are still subsidized and still can't make it work for the simple reason that was built into the fuzzy math for cbo scoring and admitted, they must have X % of healthy young people paying premiums they will never use and they have never gotten close. As predicted and predictable based on Mass and Hawaiian plans operating in like models.
If you can sign up any time and not get refused for preexisting there is zero incentive to do it.
And even the illegal subsides to install cos are not enough. And never will be.
Click to expand...
You cannot sign up at any time. Cutoff is typically March.
 
cawacko said:
Not able to copy and paste this article but for those interested it does an excellent job showing the mispricing of risk in Obamacare and why that will prevent it from succeeding.

http://www.wsj.com/articles/the-unstable-economics-in-obamas-health-law-1471452938
Click to expand...
I'll peruse your link in a sec....If I can read it without subscribing.


But...risk corridors and cost sharing were designed to get insurers past the first 4 or 5 years, when claims should level out. As any sane person would imagine, when you open up healthcare availability to people who haven't had any for years, the first years of the program will see high levels of claims.

Republicans tried everything they could to kill the program from day one.

Criticizing the law as a failure is silly. It was sabotaged by Republicans from day one.
 
Althea said:
A public option would allow people to buy Medicare. Right now, Medicare has the highest risk demographic. Their management costs are a tiny fraction of private insurers, so their rates would be cheaper.

Virtually anyone who would purchase Medicare would improve their liability ratio, as everyone who now has it, is in need of health related procedures.

As such, it would give private insurers competition due to lower rates.
Click to expand...
interesting. so PO/SP (Medicare) costs are much lower then "for profit" companies.
Why not then just go Single pay? Like Bernie wanted to do?
 
Althea said:
Not sure what language you're speaking, but Republicans put the language in an omnibus military spending bill that cut funding for risk corridors. Obama was an idiot to sign it.
Click to expand...

Republicans put NO language in the ACA.......they weren't even allowed to read it......
 
Althea said:
I'll peruse your link in a sec....If I can read it without subscribing.


But...risk corridors and cost sharing were designed to get insurers past the first 4 or 5 years, when claims should level out. As any sane person would imagine, when you open up healthcare availability to people who haven't had any for years, the first years of the program will see high levels of claims.

Republicans tried everything they could to kill the program from day one.

Criticizing the law as a failure is silly. It was sabotaged by Republicans from day one.
Click to expand...

The article explains well where the failures with the system are.

Republicans didn't participate and didn't write any of it nor did they have the votes to sabotage it.
 
[FONT=&quot]It hasn’t worked. The compensation payments have been much less generous than insurers were led to believe. [/FONT][FONT=&quot]Jonathan Gruber,[/FONT][FONT=&quot] a Massachusetts Institute of Technology health economist, says those missing payments would have eliminated most of insurers’ losses. [/FONT]
Click to expand...

Which is the problem I illustrated above. Republicans, in an attempt to politicize people's health, cut all funding for these payments.


Meanwhile, they continue to fund obsolete weapons that the Pentagon has been begging them to stop building.
 
cawacko said:
The article explains well where the failures with the system are.

Republicans didn't participate and didn't write any of it nor did they have the votes to sabotage it.
Click to expand...
nonsense
http://www.thefiscaltimes.com/2015/12/17/Congress-Weakens-Obamacare-Limiting-Bailout-Funds-Insurers


Sen. Marco Rubio (R-FL) led a group of Senate and House Republicans have sought to prevent additional billions in funding for the so-called risk corridor program. It could also help cripple the national health insurance program Republicans have vowed to repeal and replace. Indeed, the tactic is having an effect as roughly half of the 23 non-profit insurance plans created under the 2011 Affordable Care Act at a cost of $2.4 billion have announced they will close their doors by the end of this year, largely because of inadequate compensation for unexpected losses.
Click to expand...
 
Althea said:
A public option would allow people to buy Medicare. Right now, Medicare has the highest risk demographic. Their management costs are a tiny fraction of private insurers, so their rates would be cheaper.

Virtually anyone who would purchase Medicare would improve their liability ratio, as everyone who now has it, is in need of health related procedures.

As such, it would give private insurers competition due to lower rates.
Click to expand...
what are the administrative costs of Medicare.......in Michigan administrative costs of private insurers licensed in the state was limited to 7% of benefits paid......its my understanding limits do not exist under the ACA......do you have facts to back up your claim?.......
 
You must log in or register to reply here.
Back
Top