A community of 30,000 US Transcriptionist serving Medical Transcription Industry
Obamacare is failing even as rate hikes jump.
Posted: Aug 10, 2016
Well, we had to pass it to find out what was in it, right? It's been one disaster after another, one calamitous miscalculation after another, one misguided assumption after another. The socialist siren song, as always, leading the gullible onto the rocks that line the shores of Gimme-Gimme-Gimme Land. See link.;
Obama gave money to insurance companies (illegally) to be sure - those on Ocare were covered and
[ In Reply To ..]to be compliant with all the things they have to cover. It's really Medicaid. Let's just call it what it is.
I just read Illinois insurers seek premium hikes of 45% just to stay in compliance with all things they have to cover. In a way I'm glad. They wanted these mandates, they got the mandates (Obama promised to pay them if they went along with it), so let them pay the price tag now!
I would bet Obama got a lot of "contributions" - from insurance companies
[ In Reply To ..]This was Obama's "gift" (payback) to insurance companies in exchange for contributions (bribes) from the insurance lobby.
Obama would have preferred single payer or, at least, a public option. nm - VTMT
[ In Reply To ..].
Over at The Motley Fool, Sean Williams has a lengthy analysis of - Obamacare's many woes, but
[ In Reply To ..]the meat of the matter comes down to two things -- a lack of money and a lack of healthy paying customers.
Obamacare was expected to enroll 21 million new people by the end of 2016...Currently, this figure is about 10 million shy of the CBO's projections from three years ago, and it could fall further as attrition due to non-payment continues.
Obamacare enrollees have also tended to be a costlier, sicker group of individuals. According to a large analysis conducted by the Blue Cross Blue Shield Association, Obamacare enrollees cost, on average, 22% more per month than persons enrolled in an employer-sponsored health plan. This probably isn't too much of a shock considering that prior to Obamacare there were rules in place that allowed insurers to turn away people with pre-existing conditions.
Under Obamacare, insurers can't do this anymore, meaning sicker individuals have been among the first to enroll, leaving insurers with an adverse patient pool.
The risk corridor has also been an utter failure.
You were warned, repeatedly, before ObamaCare was even signed into law, that its perverse incentives would lead to a insurance pool too small and too old and too sick to be sustainable.
A New Mexico health insurer is suing the Obama - administration, claiming rules
[ In Reply To ..]implemented under the Affordable Care Act require the insurer to pay millions annually to a competitor...
That is EXACTLY what happened in Atlas Shrugged. It is utter lunacy.
It's working as designed - to bankrupt insurance companies and only have - "single payer" AKA Medicare for all
[ In Reply To ..]govt run healthcare.
We are paying the fine in my house. WE about a discount plan and it's still better than going on OCare.
Collectivism. It only works on the chalkboard.
I wish it were true but the insurance lobby is too powerful. nm - VTMT
[ In Reply To ..].
Healthy people have figured out that health insurance - is not worth the cost and are
[ In Reply To ..]willing to take the risk. Most of them will be rewarded handsomely.
We have changed our diet, don't eat junk, no soft drinks, chips, candy or cereal. We eat mostly lean meat and lots of veggies.
"Healthy" people get sick or have accidents all the time. nm - VTMT
[ In Reply To ..].
Yes but we plan accordingly. - NM
[ In Reply To ..]xx
Really? How does one plan for a $50,000 hip replacement... - see link
[ In Reply To ..]or a $300,000 CABG? You are very fortunate if you can do it without insurance and not go bankrupt.
Similar Messages:
Insurers Request Big Rate Hikes, Citing Medicaid (Obamacare)Jun 03, 2015
carriers on the Obamacare exchange are attributing proposed double-digit premium increases to next year’s private-market alterations to the New Hampshire Medicaid program. Minuteman Health Inc. — which entered the New Hampshire exchange market this year with the lowest premiums — has requested rate increases ranging from 42 to 51 percent for next year, according to healthcare.gov, the online exchange established by the Affordable Care Act. Maine Community Health Options asked for premiu ...
Obamacare Is Failing From Behind... His Goals For ObamacareJul 20, 2016
1) Have it collapse so that single payer can be implemented amidst the ensuing chaos. 2) Have that happen on somebody else’s watch. Obamacare was designed to fail so the Democrats could “reform” it with complete government provided socialized medicine. That is the entire purpose for it. Obamacare is designed to collapse so they can backfill the vacuum with government run socialized medicine. Eventually, everyone will be on some form of Medicare. I believe that was one of Bernie’ ...
Obamacare Price Hikes In Red States By 78%, BlueNov 05, 2013
http://www.gotnewswire.com/news/obamacare-price-hikes-hit-red-states-hardest ...
As Predicted, Obamacare Failing But At A Stunning Pace.Apr 16, 2016
Obamacare has missed virtually every promise made for it (not a few of which were known to be unfounded at best or outright lies at worst when they were made). I doubt this comes as any real surprise to even its most ardent supporters because the math never made the slightest sense whatsoever. But even the most outspoken critics of this half-baked cockamamie scheme could hardly have predicted the precipitous speed at which the wheels would come off. Or maybe they were always intended to com ...
Average Obamacare Deductible Will Jump 20% InJan 21, 2017
The average deductible for a silver plan through the Affordable Care Act, one of the law’s most popular health insurance plans, is projected to jump 20 percent to $3,703, according to a report from Avalere Health. Rep. Tom Price (R., Ga.), the nominee to lead the Department of Health and Human Services, said at his confirmation hearing that while many individuals have coverage through Obamacare, some of them are not getting the care they need because they cannot afford their deductible. ...
Obamacare On Life Support. Double-digit Rate Increases While 1 In 5Oct 24, 2016
We told you so, liberals, but you wouldn't listen. It never made the slightest bit of sense, anyone with one eye could see that it was going to fail. You had to pass it in the dead of night, you had to sell it with lies, and now it's being propped up with more lies. To the Frankensteins responsible for setting this monster loose on the people, I hope the people wake up and send you into permanent retirement. ...
Price Hikes, Layoffs Due To Increased Min. WageJan 24, 2017
This year, my state increased the minimum wage. The result? EXACTLY as predicted! Signs EVERYWHERE adivising customers of PRICE INCREASES. LAYOFFS, including our local community college tutors. Students now have NO math or Composition tutors! Those employees HAD a job, now they have NOTHING. We KNEW this would happen. Anyone who has owned ANY business, even a lemonade stand, knows that increased operating costs result in INCREASED PRICES. I hope all the lo ...
Hooplah Over Alleged Middle Class Tax Hikes-infoFeb 06, 2010
Tax cuts for individuals Total: $237 billion 1. $116 billion: New payroll tax credit of $400 per worker and $800 per couple in 2009 and 2010. Phaseout begins at $75,000 for individuals and $150,000 for joint filers.[27] 2. $70 billion: Alternative minimum tax: a one year increase in AMT floor to $70,950 for joint filers for 2009.[27] $15 billion: Expansion of child tax credit: A $1,000 credit to more families (even those that do not make enough money to pay income taxes). 3. $14 bill ...
At Least Six Swing States Face Double Digit Premium HikesAug 17, 2016
Double-digit Obamacare premium hikes projected in 2017 may bode in Donald Trump’s favor, as several swing states are being impacted by double-digit increases under the law and consumers are expected to see the hikes around Nov. 1 — one week before heading to the polls. Trump has promised to repeal and replace Obamacare, but Hillary Clinton has vowed to make the Obamacare exchanges work. Some say the way she would do that is through raising taxes. “Any reports of premium increases will ...
UPI Poll - Donald Trump Takes Leads In Electoral College Over Failing HillaryNov 04, 2016
http://redstatewatcher.com/article.asp?id=39997 For the first time this year, a major polling operation now says that Donald Trump has overtaken Hillary Clinton in the only race that matters – the Electoral College race. ...
Obamacare Meltdown Has Arrived. Tennessee Is Ground Zero For Obamacare'sOct 07, 2016
last month the state insurance commissioner, Julie Mix McPeak, approved premium increases of up to 62% in a bid to save the exchange set up under the Affordable Care Act. “I would characterize the exchange market in Tennessee as very near collapse,” she said. Then last week BlueCross BlueShield of Tennessee announced it would leave three of the state’s largest exchange markets—Nashville, Memphis and Knoxville. “We have experienced losses approaching $500 million over the course of ...
Big Jump Seen In Health Costs For Employees Oct 14, 2009
As companies begin unveiling their workplace benefits for next year, many employees are learning they will have to dig even deeper into their pockets for health coverage. Such price increases have become a fact of life during open-enrollment season, when workers sign up for their health plans. But the jump is expected to be steeper in 2010 than this year, as employers struggle with the impact of the recession and continually rising insurance costs. Employees will pay $4,023 on average in premiu ...
Jobless Claims Jump To 3-month High.Aug 05, 2010
Yep, quite the great recovery we are seeing. http://money.cnn.com/2010/08/05/news/economy/jobless_claims/index.htm ...
LA Times: Trump +7. Huge Jump In Black Support.Sep 18, 2016
With the events of the last couple of days and Hillary's full-throated support for tens of thousands more refugees, I suspect Trump will be up by even more in the next poll. It's just like the scene from the Wizard of Oz where the wicked witch shrieks "You cursed Trump! Look what you've done...I'm melting!! I'm melting!! Who would have thought you could destroy my beautiful wickedness?!!" http://www.youtube.com/watch?v=aopdD9Cu-So Ding dong, the witch is dead ...
We Can't Expect The American People To Jump From Capitalism To Communism,Mar 23, 2010
but we can assist their elected leaders in giving them small doses of Socialism, until they awaken one day to find that they have Communism.~ Soviet Leader Nikita Khrushchev 1959. Anybody else choking on our latest small dose? ...
Consumer Ignorance Drives Big Jump In Medical ID FraudSep 19, 2013
Consumer ignorance drives big jump in medical ID fraud Medical records contaminated by the perpetrator 'could actually have severe impact,' says study's sponsor, Medical Identity Fraud Alliance in Share17 » Add a comment By Antone Gonsalves September 14, 2013 — CSO — People are at an increased risk of medical identity fraud, partly because they do not recognize the life-threatening scenarios that could result ...
The Witch In The Orange Jump Suit Is Running Scared.Aug 25, 2015
New York Times: "And to the surprise of some in her party, Hillary Rodham Clinton is proposing joint fund-raising agreements that typically occur after the nomination has been won." What comes to mind is that old saying. "Desperate times call for desperate measures." This is about to get very fun, especially if 'ole Joe throws his hat in the ring. LOL. ...
Clinton Makes Another ($1 Million) "mistake" Failing To DiscloseNov 04, 2016
That Hillary. She's a caution, ain't she? Never met an ethical issue that she didn't screw up...and, oddly enough, screw it up in favor of her bank account. Donation from Qatar, made on the heels of a request for a meeting. Not disclosed to State. Foundation "declined to say" whether the meeting took place...which is as close to "Well, Hell yes it did" as you're going to get from these twisters. Darn it. Another "mistake." Oh well. At this point, what differe ...
Rate Now 9.2%Jul 08, 2011
At what point do the lawmakers realize that what they have been doing is NOT working?! It's amazing to me how they are always surprised and unexpected with the weak numbers each time they come out. Sometimes I wonder if Washington, D.C. is on another planet. Jobs Picture Gets Even Worse as Rate Swells to 9.2% ECONOMY, EMPLOYMENT, UNEMPLOYMENT, JOBS, NONFARM PAYROLLS LABOR DEPARTMENT LABOR CNBC.com | 08 Jul 2011 | 10:24 AM ET U.S. employment growth ground to ...
Why Did The Unemployment Rate Drop?Dec 02, 2011
I think the most encouraging part of this report is in the last paragraph. The U.S. added 120,000 jobs in November, but the unemployment rate posted a huge drop to 8.6% from 9% and a broader unemployment rate fell even more to 15.6% from 16.2%. Why? The number of jobs added comes from a survey of establishment payrolls. The unemployment rate comes from a separate survey of U.S. households. The household survey is much smaller than the establishment survey, and as a result it can swing around a ...
Official Unemployment Rate Down To 9.4% In...smJan 07, 2011
December, not counting the thousands of people whose unemployment benefits have run out and are still unemployed. ...
Georgia....... Crime Rate Apr 20, 2010
In 1982, Kennesaw, Georgia passed a city gun ordinance that required heads of households to keep at least one firearm in their homes. Crimes against persons which include homicide, rape, armed robbery, aggravated assault, and burglary, plummeted 74 percent the first year, dropped another 45 percent the next year, and has remained notably low ever since, despite a doubling of the population. From 1983 to 1993, armed robberies averaged a mere 1.6 annually, rapes 1.5, and murders (none with firearm ...
REAL Unemployment Rate = 14.7%. I Don't Say So - Sep 11, 2012
You can run, Barry, but you can't hide from this: "The August unemployment rate was reported Friday as 8.1 percent — though the real unemployment number that isn't regularly reported is almost two times higher than that, 14.7 percent." ...
Unemployment Rate To Drop To 5.5%!!! (sm)Feb 06, 2013
by the end of 2017!!!!!!! Wooooo-hoooo!!! Who voted for this clown? ...
Real Unemployment Rate At 15%Feb 22, 2014
The "real" unemployment rate is high at 15%, but it's down from the worst of the recession. The "real" rate includes all those who would like a job, plus those who can only find part-time work because of the weak economy. ...
Feds Raised Rate!Dec 14, 2016
Thank God we will have a President who knows about fiscal responsibility and not some dumb ___ who knows nothing about anything! ...
True US Unemployment Rate Stands At 17.5%Nov 07, 2009
I first heard this on Hardball last night, when Chris Matthews mentioned it. Knew I couldn't use MSNBC here as a source (though wondered whether MSNBC would be newly acceptable in view of the message he presented). http://rawstory.com/2009/11/real-unemployment-rate-stands-175/ ...
Unemployment Fraud/waste Rate Currently 11.6%, Up FromSep 23, 2012
claims in these hard times. Good news, though, for those who like to think we are for the most part good, industrious people. The top 2 types of fraud, which account for most of the overpayment, are committed by...working people. 1. Person on unemployment gets that new job but delays reporting it. You know, typically behind on their bills from being out of work so collect another check to help out. Whatever you think of this form of taking care of oneself--these are working people, not slugs t ...
Jobless Rate Looks Nice--until You Look Under The HoodOct 07, 2012
I hope this wasn’t posted before. If it was, sorry. I don’t like to duplicate other posts. Democrats seized on the Labor Department’s report Friday that the unemployment rate in September fell to 7.8 percent, dropping below 8 percent for the first time in 44 months. So surprising was the decline that it set off speculation among some conservatives about a cooked-booked October surprise. That’s not remotely likely as playing with the numbers to influence the election wou ...
Celebrate The Falling Unemployment Rate All You Want, But Oct 03, 2014
"The decent, steady, but not great jobs recovery just got a little stronger. But there are still a disturbingly large number of people who aren’t feeling the benefits of the recovery. The U.S. economy added 248,000 jobs in September, according to data released by the the Bureau of Labor Statistics on Friday. The unemployment rate fell below 6 percent for the first time since July 2008, dropping to 5.9 percent from 6.1 percent. Yet wages are still going nowhere: Average hourly earnings ti ...