Green Energy
From the Wall Street Journal:
- 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...
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Daily Caller: Doctors Begin To Refuse Obamacare Patients Obamacare plans have shrunk payments to physicians so much that some doctors say they won’t be able to afford to accept Obamacare coverage, NPR reports. Many of the eight million sign-ups...
- 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...
- Obamacare: Humana Enrolls 202k, Bailout By Us For Same $250-$450 Million
Remember how all the large health insurers came out FOR Obamacare?I simply thought they had done so because they had just received 30 million new uninsured clients, who HAD to buy their product.But the truth is that the number of uninsured who signed...
- 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...
Green Energy
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 for another year, and that in any event these people will get better plans through ObamaCare exchanges. Whatever the truth of these assertions, those who expect better days ahead for the Affordable Care Act are in for a rude awakening.
The shocks—economic and political—will get much worse next year and beyond. Here's why: The "sticker shock" that many buyers of new, ACA-compliant health plans have experienced—with premiums 30% higher, or more, than their previous coverage—has only begun.
The costs borne by individuals will be even more obvious next year as more people start having to pay higher deductibles and copays. If, as many predict, too few healthy young people sign up for insurance that is overpriced in order to subsidize older, sicker people, the insurance market will unravel in a "death spiral" of ever-higher premiums and fewer signups.
The government, through taxpayer-funded "risk corridors," is on the hook for billions of dollars of potential insurance-company losses. This will be about as politically popular as bank bailouts.
The "I can't keep my doctor" shock will also hit more and more people in coming months. To keep prices to consumers as low as possible—given cost pressures generated by the government's rules, controls and coverage mandates—insurance companies in many cases are offering plans that have very restrictive networks, with lower-cost providers that exclude some of the best physicians and hospitals.
Next year, millions must choose among unfamiliar physicians and hospitals, or paying more for preferred providers who are not part of their insurance network. Some health outcomes will deteriorate from a less familiar doctor-patient relationship.
More IT failures are likely. People looking for health plans on ObamaCare exchanges may be able to fill out their applications with more ease. But the far more complex back-office side of the website—where the information in their application is checked against government databases to determine the premium subsidies and prices they will be charged, and where the applications are forwarded to insurance companies—is still under construction. Be prepared for eligibility, coverage gap, billing, claims, insurer payment and patient information-protection debacles.
- 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...
-
Daily Caller: Doctors Begin To Refuse Obamacare Patients Obamacare plans have shrunk payments to physicians so much that some doctors say they won’t be able to afford to accept Obamacare coverage, NPR reports. Many of the eight million sign-ups...
- 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...
- Obamacare: Humana Enrolls 202k, Bailout By Us For Same $250-$450 Million
Remember how all the large health insurers came out FOR Obamacare?I simply thought they had done so because they had just received 30 million new uninsured clients, who HAD to buy their product.But the truth is that the number of uninsured who signed...
- 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...