patrick.net

This is good. If all "insurers" leave, healthcare costs would halve instantly

It wont cost me $3200 a year for opting out will it?

Obama had the best Healthcare system in the world if you are homeless or poor.
And the absolute worse if you had a good job. In fact the less poor you are the less value the health insurance was for you.
Your healthcare needs are paid 100% out of your pocket while your premiums were slated to sky rocket unabated for the foreseeable future year after year.
It's a zero sum game, to have Obamacare if you are middle class family focused on the American dream upward mobility.
In fact Obama care is a bane and an impediment to the American family future. An albatross to weigh your financial securtity down. Purposely built that way by Johnathan Gruber who admitted to such.

Fuck Obamacare and fuck that Kenyan Retard.

The FUD campaign is working.
The blame campaign has begun.

errc says

This is good. If all "insurers" leave, healthcare costs would halve instantly

Do you not realize that insurance costs are a tiny percentage of our "Health Care" costs? It's less than 10%.

Do you believe that our bloated and unionized Federal bureaucracy can manage collections, payments, fraud detection and matching patients with doctors for less than $0.10/on the dollar?

https://www.bloomberg.com/politics/articles/2017-05-10/aetna-is-latest-health-insurer-to-quit-obamacare-markets

Aetna Is Latest Health Insurer to Quit Obamacare Markets

Aetna Inc. will leave the few remaining states where it had been selling Obamacare plans next year, making it the latest health insurer to pull out of the health law as Republicans attack the program as failing and work to dismantle it.

While the move is likely to attract outsize political attention, the decision affects just Delaware and Nebraska. The Hartford, Connecticut-based insurer already said last year it would pull out of 11 states, and in the last month announced plans to exit Iowa and Virginia.

“At this time have completely exited the exchanges,” Aetna said in a statement Wednesday. The insurer will also stop selling non-Obamacare individual plans in Delaware and Nebraska.

Aetna had indicated it might pull out earlier this month, when Chief Financial Officer Shawn Guertin said the company would take steps to limit its financial losses in the program. Aetna has said it expects to lose more than $200 million on individual health plans this year in the four states where it’s still selling Affordable Care Act plans.

Obamacare’s markets are becoming increasingly vulnerable as major health insurers exit, citing financial losses. Some insurers have stayed in, but raised the premiums they charge customers by double-digit percentages.

Some of the instability has been going on for years, as fewer people than expected have signed up for plans and many have been sicker than insurers accounted for.

In Delaware, the Blue Cross and Blue Shield company Highmark would be the lone Obamacare insurer, assuming no other company enters. Highmark didn’t return a request for comment. The state’s insurance regulator blamed “the uncertainty and instability surrounding the future of the Affordable Care Act” for Aetna’s exit.

APOCALYPSEFUCK_is_ADORABLE says

Basically, providing medical care is so unbelievably expensive and unknowable, the only way an insurance company can survive is by the government paying for everything twice plus a 1000 % mark-up and then handing that to the insurance companies with a guarantee of covering all unforeseen expenses plus a dividend for shareholders for the next 10,000 years.

That's Free Market Entrepreneurship! MAGA!

APOCALYPSEFUCK_is_ADORABLE says

Basically, providing medical care is so unbelievably expensive and unknowable, the only way an insurance company can survive is by the government paying for everything twice plus a 1000 % mark-up and then handing that to the insurance companies with a guarantee of covering all unforeseen expenses plus a dividend for shareholders for the next 10,000 years.

Also, the insurance companies need more ZIRP and QE so they can continue buying hospital corporations and corporate practice groups. We are left with vertically integrated monopolies: the captive hospital corporations increase prices, accelerating the departure of other insurers, leaving only one insurer that owns all the local hospitals in its jurisdiction. The MLR rules reward this result, as the insurers' corporate parent umbrellas shift profits from the regulated insurance side of the business to the unlimited provider side of the business. The Kaisers' empire did basically the same years ago: the HMO and hospitals are technically non-profit so they don't even pay tax, but the corporate practice groups and on-site labs make a killing. If a hospital pharmacy owned by an insurance company can't charge more for an aspirin than the combined life savings of the entire state of Nebraska, the terrorists have won.