This deranged, demented, lying political hag. The use of the term “ObamaCare” is quite fitting for the hijacking and train-wreck of this SCFOAMF’s signature legislation legacy inflicted on the American people and the healthcare system in general and on-whole our economy. There has been absolutely nothing “affordable” about this bag of limp rotting dicks, Nancy. Not for real taxpayers, on many levels. You and your ilk have lied to the American people since the beginning, and violated the American people’s trust when the majority of Americans did not want this POS passed, but you and your diabolical party crammed it down the nation’s throat despite that. And now you and your SCFOAMF leader continue to lie and polish this festering turd, Obama refusing to take responsibility and even blaming it’s failure on republicans and demanding they fix it, even though not-a-one voted for it (not to mention some democrats as well … “bipartisan”, dontcha know), and have since its ramming through have been denied any funding or fixing say in it.
WASHINGTON – Premiums will go up sharply next year under President Barack Obama’s health care law, and many consumers will be down to just one insurer, the administration confirmed Monday. That will stoke another “Obamacare” controversy days before a presidential election.
Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. Some states will see much bigger jumps, others less.
Moreover, about 1 in 5 consumers will have plans from only a single insurer to pick from, after major national carriers such as UnitedHealth Group (UNH), Humana (HUM) and Aetna (AET) scaled back their roles.
“Consumers will be faced this year with not only big premium increases but also with a declining number of insurers participating, and that will lead to a tumultuous open enrollment period,” said Larry Levitt, who tracks the health care law for the nonpartisan Kaiser Family Foundation.
Republicans will pounce on the numbers as confirmation that insurance markets created by the 2010 health overhaul are on the verge of collapsing in a “death spiral.” Sign-up season starts Nov. 1, about a week before national elections in which the GOP remains committed to a full repeal of the Affordable Care Act. Window-shopping for plans and premiums is already available through HealthCare.gov.
The sobering numbers confirmed state-by-state reports that have been coming in for months. Administration officials are stressing that subsidies provided under the law, which are designed to rise alongside premiums, will insulate most customers from sticker shock. They add that consumers who are willing to switch to cheaper plans will still be able to find bargains. […]
Oh, bullshit. Many of the “cheaper” plans are being phased out or dropped from ObamaCare…
HealthCare.gov is going to see some shrinkage in 2016.
The number of health insurance plans available on that huge federal Obamacare marketplace for 2016 is decreasing by up to 12 percent compared with this year, industry sources told CNBC.
And there will be an even sharper reduction — of more than 40 percent — in the number of health plans on HealthCare.gov known as PPO plans, which offer customers the most flexibility in where they can get medical services covered by their insurer, sources said.
At the same time, there will be a marked increase in the number of so-called HMO plans, which do not as a rule cover costs incurred by customers outside of the plan’s network of health providers.
The decreases on HealthCare.gov — which serves residents of 38 states — come a year after federal officials boasted about a 25 percent increase in the number of insurers offering plans for 2015.
The rollback in offerings may reflect the economic reality that insurers are facing in the Obamacare market, with existing customers costing plans more than had been anticipated.
But industry experts also said it could reinforce an existing trend in which Obamacare plans are often purchased by people with lower incomes, who benefit most from the subsidies and other assistance available on the government-run insurance exchanges. PPO plans are more likely to be purchased by people who earn more money, who tend to get less in subsidies or no subsidies at all.
Insurance industry sources recently learned of the decreases from data sent to them by federal officials so they could prepare for the start of open enrollment in 2016 Obamacare plans this Sunday.
Those sources differed on the exact numbers they were seeing. But they all agreed that there was going to be a net decrease in plans available on HealthCare.gov, and a much more dramatic decline in the number of preferred provider organization plans.
The Obama administration admitted today that Obamacare premiums will rise an average of 22 percent for the Silver Plan in 2017. The Silver Plan is the Obamacare benchmark upon which federal subsidies are based.
The subsidies will shield many Obamacare purchasers from the impact of the increase, but a large of number of purchasers will be hammered. And, of course, taxpayers will be hit as well by virtue of the increased subsidy payments.
Most significantly, the skyrocketing premiums non-subsidized Obamacare customers face will fuel the cycle that’s causing premiums to skyrocket. Premiums have risen dramatically because too few healthy people who aren’t entitled to subsidies are enrolling in Obamacare. Thus, those who haven’t yet eschewed it are required to pay more.
But the more they are asked to pay, the more likely they are to eschew Obamacare in the future. This will mean that premiums must be significantly hiked again the next time, and the cycle — or “death spiral” — will continue.
Premium hikes aren’t the only bad news for those who purchase Obamacare and for the viability of the program. The number of Obamacare carriers will drop from 298 to 228 next year in the federal exchange and selected states. And 21 percent of consumers returning to the exchanges will only have one carrier to chose from, though that insurer may offer multiple plan choices.
Finding a doctor and hospital one likes will also be more challenging than ever for Obamacare consumers in 2017. To keep costs down, insurers have been narrowing their networks of providers, says Sabrina Corlette, a research professor at Georgetown University’s Health Policy Institute.
With premiums higher and choice of plans, doctors and hospitals reduced, the “death spiral” will likely accelerate…
Why? Because, and I repeat— again, it was the plan all along. Eventually one plan for everyone … a single-payer plan completely overseen and dictated by the federal government, as individual private insurance provider companies die. Then the people are not only stuck with the government plan, but higher income people are forced to pay for those who are lower income, via tax-fed government subsidies.
And don’t forget, this is not the first premium rate hikes since the passing of this mess. Every. Year. Premiums have risen every year, as well as deductible rates, hitting the middle/working class the hardest. And this whole government subsidies bullshit defense/excuse/defense is more bullshit on top of bullshit, and hits the taxpayer again!
America, I know math is hard, but common sense costs nothing. The gaddam money is coming from the same gaddam place! And it is broke!
And all those alleged 10s of millions who we are hearing from dem-ops now have healthcare coverage because of ObamaCare… 1. are people who went onto Medicare because they typically would have anyway, and because maybe they just didn’t know they could or how to get on Medicare and… 2. absolutely does not count the deeper truth that millions who had healthcare plans (and doctors) that they liked and were promised they could keep lost one or both, and either were forced into ObamaCare, most for higher costs in premiums and deductibles, or are currently not covered at all AND … 3. they count the coverage wrongly granted to illegal aliens and “refugees” coming into our country sucking off our taxpayer tits without contributing.