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HealthScare Rising Costs turning out 2 be real Michael Myers of October Surprise

By AllTruth follow AllTruth   2016 Oct 31, 9:47am 1,713 views   12 comments   watch   nsfw   quote   share    


"The Department of Health and Human Services revealed Monday that premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, and that about 1 in 5 consumers will have plans only from a single insurer to pick from, after major national carriers such as UnitedHealth Group, Humana and Aetna scaled back their roles.

However, in Arizona, unsubsidized premiums for a hypothetical 27-year-old buying a benchmark “second-lowest cost silver plan” will jump by 116 percent, from $196 to $422, according to the administration report."

If Obama wants to double down on failed and expensive subsidies, Clinton wants to do the same with mandates and price controls. Having made the continuation of Obamacare a campaign promise, the Democratic nominee pledged again to “build on the progress we’ve made and fix what’s broken.” The latter, not surprisingly, consists mainly of doing more of the former.

As insurance companies have found themselves stuck in the vicious cycle of rising costs and narrowing risk pools, they have begun exiting the ACA exchanges altogether, which has left some consumers with two or fewer options. Clinton proposes to “improve choices and increase competition” not by remedying the mandates for comprehensive coverage and community pricing, but by reviving “a public option.” That idea died in 2009, mainly under pressure from Republicans who rightly saw it as a Trojan horse for single-payer health care. …

Clinton also promised to “take on the pharmaceutical companies for driving up drug prices,” a refrain that should sound familiar to Americans. The Obama administration and Democrats on Capitol Hill made similar claims about health insurers and supposed “windfall profits” made off of Americans. Obamacare was supposed to cure that ill, too, only as it turns out, the disease didn’t exist.

Even at that time, for-profit health insurers had modest profit margins, far below that of other industries. The small margin pre-ACA became an acute problem when Obamacare forced them to take on high-risk consumers without pricing their risk directly. Rather than charge higher prices to those with higher risk, insurers had to hike premiums – and especially deductibles – across the board under required “community rating” policies.

Everyone else had to pay more to shield insurers from the high utilization curves that resulted, and now much of that cost hits all taxpayers through premium subsidies. A government takeover of the market did not change the nature of risk pools, nor will a government takeover of pharmaceutical markets and pricing change the nature of technological innovation, research, and safety protocols."

Finally, Glenn Reynolds wonders why the media is not talking about this — or about rampant corruption revealed in Hillary Clinton’s record:

The Affordable Care Act, better known as “ObamaCare,” was passed via a procedural trick called “reconciliation” and without a single Republican vote. Now that it is falling apart, and the Obama Administration — and the press — are blaming . . . Republicans for not fixing it. ObamaCare is imploding because the original concept was unworkable, as many critics argued at the time it was adopted. Now, several years later, insurers are abandoning the project and Americans’ premiums are facing double-digit increases.

Given that this was President Obama’s signature legislative achievement, and given that Clinton is running, essentially, on the promise of a third Obama term, you’d think this would be a top story in the news, getting the full-bore coverage every day that, say, a groping allegation against Donald Trump receives. But you’d be wrong. As Twitter humorist Jim Treacher says, “Modern journalism is all about deciding which facts the public shouldn’t know because they might reflect badly on Democrats.” …

Corruption, unaffordable healthcare, a burgeoning national debt: These are all things that will have serious consequences for Americans for decades, to come. In a healthier society, our election would turn on these issues. But we do not live in such a society. And that suits politicians, and their supporters in the press, just fine.


1   Tenpoundbass   ignore (16)   2016 Oct 31, 9:57am     ↓ dislike (1)   quote   flag      

Trump's tax plan will save your average tax payer about $400 a month.
It will save me about $1800 a month.

Plus the 3 or 4 grand con job at tax time because I didn't buy Obamacare for my family. It could be more next year who knows?

2   Tampajoe   ignore (0)   2016 Oct 31, 9:59am     ↓ dislike (0)   quote   flag      

Can you give me some details on how you would save $1800/month under Trump's tax plan?

3   HEY YOU   ignore (9)   2016 Oct 31, 10:05am     ↓ dislike (0)   quote   flag      

Tampajoe says

Can you give me some details on how you would save $1800/month under Trump's tax plan?

Worth asking again!

4   AllTruth   ignore (1)   2016 Oct 31, 12:18pm     ↓ dislike (0)   quote   flag      

Many states with over 50% increases in JUST premiums (and that's on crappy $6,000 deductible - out-of-pocket 1st - plans).


Arizona is seeing 116% increases!


5   Tampajoe   ignore (0)   2016 Oct 31, 12:48pm     ↓ dislike (0)   quote   flag      

Still waiting Bass. How did you figure the $1800 number? It's very specific, so I figure there had to be some number crunching involved.

6   zzyzzx   ignore (2)   2016 Oct 31, 5:24pm     ↓ dislike (0)   quote   flag      

This is for a family of 3 people:

7   freespeechforever   ignore (0)   2016 Oct 31, 7:36pm     ↓ dislike (0)   quote   flag      

Honestly, Obamacare is such an incredible travesty that I genuinely wonder if it will, by itself, ruin Obama's legacy.

It's going to get so much worse, too.

It was reported today that 22% of physicians who now participate in treating ACA plan patients are dropping out of participating in Bookcases altogether for 2017.

8   Ceffer   ignore (6)   2016 Oct 31, 7:38pm     ↓ dislike (0)   quote   flag      

Wasn't it Obama who wanted to stop calling it Obamacare. It should be named "FuckYouCare".

9   freespeechforever   ignore (0)   2016 Oct 31, 7:43pm     ↓ dislike (0)   quote   flag      

It should be called "we're from the federal government & we're here to fuck your life up even more Act."

10   bob2356   ignore (5)   2016 Nov 1, 5:56am     ↓ dislike (0)   quote   flag      

So there are something like 11 million policies through the exchanges. That's like 2% of the population. The average out of pocket premium is $116 per month. Yea that extra $27 a month going to be a big hit at the polls.

11   Y   ignore (3)   2016 Nov 1, 6:33am     ↓ dislike (0)   quote   flag      

I don't see any decimal point....
This is a damning display of the level of scrutiny you apply to the subject matter at hand...

Tampajoe says

How did you figure the $1800 number? It's very specific,

12   Tampajoe   ignore (0)   2016 Nov 1, 6:35am     ↓ dislike (0)   quote   flag      

Do you need to see a decimal point? I don't recall mentioning significant figures.

It's a damning display of your comprehension.

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