When is a government program not a government program? When the insurance industry says it isn't. In its effort to keep billions in unlawful ObamaCare corporate subsidies flowing, the industry is trying to persuade Congress that it receives no federal funds through the federal "reinsurance" program. Good luck with that. The ObamaCare statute established the temporary, three-year (from 2014 to … [Read more...] about Insurance industry campaigns to keep unlawful ObamaCare cash
Archives for August 2016
Obama Sabotages Obamacare
The ACA and the administration's whack-a-mole regulations are responsible for double-digit premium increases and for the exodus of insurers from selling individual policies in the ObamaCare exchanges. As health insurers head for the exits, Americans who have been whipsawed by ObamaCare may get whacked again this fall: First, they were thrown off private plans that were declared illegal, then … [Read more...] about Obama Sabotages Obamacare
Obamacare Is an Unstable Economic Model
Long-time Obamacare advocate and Aetna chief executive Mark Bertolini created a political earthquake when he announced his company will drastically reduce its individual public exchange participation next year. Similar announcements by United Healthcare, Humana and even some Blues plans show that Obamacare is failing. Those who designed this disastrous government intervention into the … [Read more...] about Obamacare Is an Unstable Economic Model
Obamacare’s Advocates Mostly Agree On The Facts But Suggest More Corporate Welfare To Prop Up Law
Humana recently announced that next year it is withdrawing from 88% of the counties where it sold Affordable Care Act (ACA) exchange plans this year. United Healthcare forecasts higher earnings in 2017, stemming in part from its decision to shut down most of its exchange business. Aetna has cancelled plans to expand its ACA market footprint and is instead reevaluating its current participation. At … [Read more...] about Obamacare’s Advocates Mostly Agree On The Facts But Suggest More Corporate Welfare To Prop Up Law
Shock Your Doctor: Ditch Insurance And Pay In Cash
So a man walks his wife up to the receptionist’s desk at a surgery center to check her in for a minor invasive procedure. A smiling twenty-something woman in purple scrubs greets them. She chirps a handful of questions to make sure the wife’s file is current. As she scrolls down on her oversized computer monitor to verify the wife’s insurance information, the couple waits for the penny to … [Read more...] about Shock Your Doctor: Ditch Insurance And Pay In Cash
Adjusting Obamacare ‘Reality’ – The administration cooks the numbers to hide the big medical claims of enrollees
Could it be that the highly compensated insurance-company actuaries are lousy at math? For months, we’ve been reading stories about how big medical bills incurred by Obamacare enrollees are driving publicly traded insurance companies from the exchanges. Some affiliates of the venerable Blue Cross Blue Shield Association (BCBS), reeling from the costs of paying medical claims for a population … [Read more...] about Adjusting Obamacare ‘Reality’ – The administration cooks the numbers to hide the big medical claims of enrollees