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
Panic prompted ObamaCare lawlessness
Senior Obama administration officials took a series of decisions beginning in late 2013 that ranged from the reckless to the illegal in an effort to keep insurers participating in health insurance exchanges. A report issued last week jointly by the House Ways and Means and Energy and Commerce committees explores how the administration came to unlawfully funnel $7 billion in unappropriated money … [Read more...] about Panic prompted ObamaCare lawlessness
How Uber Will Redefine Healthcare
My Twitter pal and founding partner of Forthright Health Management, Tom Valenti, wrote in TechCrunch that “there will never be an Uber for healthcare” because “[h]ealthcare is not a transaction business; it is a relationship business.” I’ll respectfully disagree: Healthcare “Ubers” are already proliferating and will ultimately reshape 21st-century medicine. The more aspects of healthcare … [Read more...] about How Uber Will Redefine Healthcare
House Committee Investigates Illegal Administration Spending on ObamaCare
Galen Institute Senior Fellow Doug Badger testified before Congress today that “Implementation of the cost-sharing reduction program [in ObamaCare] has been irresponsible, unaccountable and, at its heart, unlawful.” Badger testified before the House Energy and Commerce Subcommittee on Oversight and Investigations, following a hearing on the same issue yesterday before the Ways and Means … [Read more...] about House Committee Investigates Illegal Administration Spending on ObamaCare
A Behind-The-Scenes Look At The House Republican ‘Better Way’ Proposals
When he was chairman of the Ways and Means Committee, Paul Ryan was frustrated when decisions about tax and other legislation under his committee’s jurisdiction emanated from the House leadership offices rather than from his committee. When he was elected Speaker last fall, he promised to change that, and, in the “Better Way” package of policy proposals, he has delivered. House committee … [Read more...] about A Behind-The-Scenes Look At The House Republican ‘Better Way’ Proposals