Green Energy
From the Washington Times:
- Now Obama Is Spending Taxpayer Money On Obamacare Without Congressional Approval - Obama Quietly Increases Bailout Money Insurance Companies Will Receive For Losses Sustained Because Of Obamacare
I Am The Bountiful Lord Honey Boo Boo From Fox News: John Q. Public got his pockets picked last weekend by ObamaCare bureaucrats. In a sneaky and illegal maneuver after close of business Friday, the Obama administration proposed a new rule increasing...
- Premiums Rising Faster Than Eight Years Before Obamacare Combined
Health insurance premiums have risen more after Obamacare than the average premium increases over the eight years before it became law, according to the private health exchange eHealthInsurance.The individual market for health insurance has seen premiums...
- Obamacare's Troubles Are Only Beginning
I Am The Emperor Honey Boo Boo! From the Wall Street Journal: The White House is claiming that the Healthcare.gov website is mostly fixed, that the millions of Americans whose health plans were canceled thanks to government rules may be able to keep them...
- Report: Second Wave Of Health Plan Cancellations Coming Next Fall, Between 50-100 Million Could Lose Their Coverage
From Fox: A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall — right before the mid-term elections. The next round of cancellations...
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New Poll Finds Americans Really, Really Don’t Like Obamacare …Update: 46% of Doctors Consider Quitting From Gateway: It’s beyond sleazy. A new poll shows that Obamacare is very unpopular with the majority of Americans. Pajamas Media reported:...
Green Energy
Obamacare begins a death spiral Premiums are rising rapidly and the young and healthy are bailing out
From the Washington Times:
The Supreme Court decision in King v. Burwell, the case challenging the Obama administration’s decision to award tax credits for health insurance sold through federally established exchanges, could turn on the question of whether a ruling that ends the tax credits on federal exchanges might cause something known as a “death spiral” in health insurance markets.
The good news is the answer is probably no, but the bad news is that’s only because the death spiral has probably already started.
A death spiral generally occurs when insurers are forced to raise premiums sharply to pay promised benefits.
Higher premiums cause many of the healthiest policyholders, who already pay far more in premiums than they receive in benefits, to drop coverage.
When healthy policyholders drop coverage, it leaves the insurer with little choice but to raise premiums again because they now have a risk pool that is less healthy than before.
But another premium increase means many of the healthy people who remained now drop their policies, too, and this continues until the only people willing to pay the now-very-high premiums are those with serious medical conditions.
The death spiral isn’t just a theory. Eight states learned this the hard way in the 1990s when they enacted two policies known as “community rating” and “guaranteed issue,” requiring health insurers to sell coverage to anyone who wanted it at the same price.
This quickly set off a death spiral because people knew they could wait until they were sick or injured to buy insurance, and premiums rose sky-high as healthy people exited the individual insurance market while the sick remained.
- Now Obama Is Spending Taxpayer Money On Obamacare Without Congressional Approval - Obama Quietly Increases Bailout Money Insurance Companies Will Receive For Losses Sustained Because Of Obamacare
I Am The Bountiful Lord Honey Boo Boo From Fox News: John Q. Public got his pockets picked last weekend by ObamaCare bureaucrats. In a sneaky and illegal maneuver after close of business Friday, the Obama administration proposed a new rule increasing...
- Premiums Rising Faster Than Eight Years Before Obamacare Combined
Health insurance premiums have risen more after Obamacare than the average premium increases over the eight years before it became law, according to the private health exchange eHealthInsurance.The individual market for health insurance has seen premiums...
- Obamacare's Troubles Are Only Beginning
I Am The Emperor Honey Boo Boo! From the Wall Street Journal: The White House is claiming that the Healthcare.gov website is mostly fixed, that the millions of Americans whose health plans were canceled thanks to government rules may be able to keep them...
- Report: Second Wave Of Health Plan Cancellations Coming Next Fall, Between 50-100 Million Could Lose Their Coverage
From Fox: A new and independent analysis of ObamaCare warns of a ticking time bomb, predicting a second wave of 50 million to 100 million insurance policy cancellations next fall — right before the mid-term elections. The next round of cancellations...
-
New Poll Finds Americans Really, Really Don’t Like Obamacare …Update: 46% of Doctors Consider Quitting From Gateway: It’s beyond sleazy. A new poll shows that Obamacare is very unpopular with the majority of Americans. Pajamas Media reported:...