Obamacare To Unveil "Price Shock" One Week Before The Elections

[Geaux4it]

Obama and his failed legacy- Obamacare continues its slow death.

-Geaux
---------
The writing was on the wall long before the largest US insurer, UnitedHealth, decided to pull the plug on Obamacare in mid April. Then, just a week later, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.

"I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. "... A number of carriers need double-digit increases."

It gets better.

One week ago Marilyn Tavenner, who until January 2015 ran the federal Centers for Medicare and Medicaid Services, aka the massive Federal agency that oversaw the rollout of Obamacare and the disastrous implementation of HealthCare.gov and who is now as an insurance lobbyist, said she sees big jumps in Obamacare insurance premiums.

Translation: insurers are not making money, and they need to make money or Obamacare is doomed. Which means even more dramatic rate hikes are about to be unveiled. However, it's not the what but rather the when that is the shock. And, as Politico reports, the timing could not possibly come at a worse time for Democrats.

Obamacare To Unveil "Price Shock" One Week Before The Elections | Zero Hedge

 

[Mac1958]

I have a tough time believing they'd let this happen right before the elections.

More likely they'll delay it a bit.
.

 

[blastoff]

Sure hope it dosen't screw up my $2500.00 plan savings Barry promised me that I'm still waiting for.

 

[LoneLaugher]

You can tell how awful the ACA is by how much time each GOP campaign spends talking about it. It has been reduced to a single talking point line among many in their stump speeches.

Now....when rates rise this year....like insurance rates have risen every year for he last 30 years by higher percentages.......the news will get a little play. But since just about everyone who has had a job with standard benefits since before "Obamacare" was passed has pretty much the same insurance as they always had.....it's not going to win the freaks any elections.

Not a winner for you. Sorry.

 

[Penelope]

Obama and his failed legacy- Obamacare continues its slow death.

-Geaux
---------
The writing was on the wall long before the largest US insurer, UnitedHealth, decided to pull the plug on Obamacare in mid April. Then, just a week later, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.

"I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. "... A number of carriers need double-digit increases."

It gets better.

One week ago Marilyn Tavenner, who until January 2015 ran the federal Centers for Medicare and Medicaid Services, aka the massive Federal agency that oversaw the rollout of Obamacare and the disastrous implementation of HealthCare.gov and who is now as an insurance lobbyist, said she sees big jumps in Obamacare insurance premiums.

Translation: insurers are not making money, and they need to make money or Obamacare is doomed. Which means even more dramatic rate hikes are about to be unveiled. However, it's not the what but rather the when that is the shock. And, as Politico reports, the timing could not possibly come at a worse time for Democrats.

Obamacare To Unveil "Price Shock" One Week Before The Elections | Zero Hedge

Why do we even need these insurance companies. They only are paper pushers. With the ACA, we should just get rid of insurers period. It would be called national healthcare, in a sense what the ACA is now. Could careless about the health insurance companies.

 

[beagle9]

Obama and his failed legacy- Obamacare continues its slow death.

-Geaux
---------
The writing was on the wall long before the largest US insurer, UnitedHealth, decided to pull the plug on Obamacare in mid April. Then, just a week later, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.

"I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. "... A number of carriers need double-digit increases."

It gets better.

One week ago Marilyn Tavenner, who until January 2015 ran the federal Centers for Medicare and Medicaid Services, aka the massive Federal agency that oversaw the rollout of Obamacare and the disastrous implementation of HealthCare.gov and who is now as an insurance lobbyist, said she sees big jumps in Obamacare insurance premiums.

Translation: insurers are not making money, and they need to make money or Obamacare is doomed. Which means even more dramatic rate hikes are about to be unveiled. However, it's not the what but rather the when that is the shock. And, as Politico reports, the timing could not possibly come at a worse time for Democrats.

Obamacare To Unveil "Price Shock" One Week Before The Elections | Zero Hedge

. Timing might be right on schedule or right on time as was planned, and that plan is to let the insurers hang themselves finally, and then the government will take over healthcare completely.

 

[Moonglow]

Obama and his failed legacy- Obamacare continues its slow death.

-Geaux
---------
The writing was on the wall long before the largest US insurer, UnitedHealth, decided to pull the plug on Obamacare in mid April. Then, just a week later, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.

"I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. "... A number of carriers need double-digit increases."

It gets better.

One week ago Marilyn Tavenner, who until January 2015 ran the federal Centers for Medicare and Medicaid Services, aka the massive Federal agency that oversaw the rollout of Obamacare and the disastrous implementation of HealthCare.gov and who is now as an insurance lobbyist, said she sees big jumps in Obamacare insurance premiums.

Translation: insurers are not making money, and they need to make money or Obamacare is doomed. Which means even more dramatic rate hikes are about to be unveiled. However, it's not the what but rather the when that is the shock. And, as Politico reports, the timing could not possibly come at a worse time for Democrats.

Obamacare To Unveil "Price Shock" One Week Before The Elections | Zero Hedge

Why do we even need these insurance companies. They only are paper pushers. With the ACA, we should just get rid of insurers period. It would be called national healthcare, in a sense what the ACA is now. Could careless about the health insurance companies.

But that would make it socialism..

 

[beagle9]

You can tell how awful the ACA is by how much time each GOP campaign spends talking about it. It has been reduced to a single talking point line among many in their stump speeches.

Now....when rates rise this year....like insurance rates have risen every year for he last 30 years by higher percentages.......the news will get a little play. But since just about everyone who has had a job with standard benefits since before "Obamacare" was passed has pretty much the same insurance as they always had.....it's not going to win the freaks any elections.

Not a winner for you. Sorry.

. Is that how you justify rates going up, otherwise just because they have gone up for the past 30 years ? I say when will these idiots start managing the insurance industry properly, and then pass those savings back to their customers or even give them some of their money back ? Not going to happen is it ?

 

[beagle9]

Obama and his failed legacy- Obamacare continues its slow death.

-Geaux
---------
The writing was on the wall long before the largest US insurer, UnitedHealth, decided to pull the plug on Obamacare in mid April. Then, just a week later, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.

"I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. "... A number of carriers need double-digit increases."

It gets better.

One week ago Marilyn Tavenner, who until January 2015 ran the federal Centers for Medicare and Medicaid Services, aka the massive Federal agency that oversaw the rollout of Obamacare and the disastrous implementation of HealthCare.gov and who is now as an insurance lobbyist, said she sees big jumps in Obamacare insurance premiums.

Translation: insurers are not making money, and they need to make money or Obamacare is doomed. Which means even more dramatic rate hikes are about to be unveiled. However, it's not the what but rather the when that is the shock. And, as Politico reports, the timing could not possibly come at a worse time for Democrats.

Obamacare To Unveil "Price Shock" One Week Before The Elections | Zero Hedge

Why do we even need these insurance companies. They only are paper pushers. With the ACA, we should just get rid of insurers period. It would be called national healthcare, in a sense what the ACA is now. Could careless about the health insurance companies.

. The only problem with government run healthcare insurance, is that it can't or won't garantee the quality of it's product. If you pay for anything, whether it is government services or independently run services in this country, it should come with a garantee and a quality assurance. This is not happening with either one of these service providers, and therefore the American people are getting shafted badly.

 

[Freewill]

I have a tough time believing they'd let this happen right before the elections.

More likely they'll delay it a bit.
.

Money talks.

8 percent increase for me and the wife last year. Where are the savings?

 

[Freewill]

Has anyone even asking why the cost of healthcare is increasing faster than the inflation rate? Medical and education seem to be immune to recession and certainly isn't following inflation.

 

[Freewill]

Obama and his failed legacy- Obamacare continues its slow death.

-Geaux
---------
The writing was on the wall long before the largest US insurer, UnitedHealth, decided to pull the plug on Obamacare in mid April. Then, just a week later, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.

"I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. "... A number of carriers need double-digit increases."

It gets better.

One week ago Marilyn Tavenner, who until January 2015 ran the federal Centers for Medicare and Medicaid Services, aka the massive Federal agency that oversaw the rollout of Obamacare and the disastrous implementation of HealthCare.gov and who is now as an insurance lobbyist, said she sees big jumps in Obamacare insurance premiums.

Translation: insurers are not making money, and they need to make money or Obamacare is doomed. Which means even more dramatic rate hikes are about to be unveiled. However, it's not the what but rather the when that is the shock. And, as Politico reports, the timing could not possibly come at a worse time for Democrats.

Obamacare To Unveil "Price Shock" One Week Before The Elections | Zero Hedge

Why do we even need these insurance companies. They only are paper pushers. With the ACA, we should just get rid of insurers period. It would be called national healthcare, in a sense what the ACA is now. Could careless about the health insurance companies.

By every estimate I see the insurance companies add about 5 percent to the cost. Even if they were eliminated that cost would just be moved over to some government agency. By what I have also read this 5 percent has pretty much been stable, it is not the reason for the increases in healthcare insurance.

 

[Mac1958]

I have a tough time believing they'd let this happen right before the elections.More likely they'll delay it a bit..

Money talks. 8 percent increase for me and the wife last year. Where are the savings?

I would try to answer that, but the numbers I've seen have been so conflicting and inconsistent that there's no way for me to know.

So far for my family, it has been a net negative in terms of both price and access. More people are covered, but it's with ridiculous deductibles. If they couldn't afford the premiums before, they can't afford the deductibles now.
.

 

[Freewill]

Health Care Costs 101: Reaching a Spending Plateau? (Charts) - Chart à la Carte - CHCF.org

 

[Freewill]

I have a tough time believing they'd let this happen right before the elections.More likely they'll delay it a bit..

Money talks. 8 percent increase for me and the wife last year. Where are the savings?

I would try to answer that, but the numbers I've seen have been so conflicting and inconsistent that there's no way for me to know.

So far for my family, it has been a net negative in terms of both price and access. More people are covered, but it's with ridiculous deductibles. If they couldn't afford the premiums before, they can't afford the deductibles now.
.

Those who are newly covered don't have to worry about premiums.

My FA advised me to buy a healthcare fund. Seemed logical to me since they seem immune to downturns. It went flat line faster than OBL.

 

[TexM3]

Has anyone even asking why the cost of healthcare is increasing faster than the inflation rate? Medical and education seem to be immune to recession and certainly isn't following inflation.

The medical industry has lobbied to get themselves excluded from the anti-trust laws. No other industry has variable rates based on ones perceived ability to pay. And close to zero price transparency.

 

[TexM3]

Access to insurance is not the problem. It’s out of control cost in the medical industry driven by monopolistic practices.

 

[Penelope]

Obama and his failed legacy- Obamacare continues its slow death.

-Geaux
---------
The writing was on the wall long before the largest US insurer, UnitedHealth, decided to pull the plug on Obamacare in mid April. Then, just a week later, Aetna’s CEO said Thursday that his company expects to break even, but legislative fixes are needed to make the marketplace sustainable.

"I think a lot of insurance carriers expected red ink, but they didn’t expect this much red ink,” said Greg Scott, who oversees Deloitte’s health plans practice. "... A number of carriers need double-digit increases."

It gets better.

One week ago Marilyn Tavenner, who until January 2015 ran the federal Centers for Medicare and Medicaid Services, aka the massive Federal agency that oversaw the rollout of Obamacare and the disastrous implementation of HealthCare.gov and who is now as an insurance lobbyist, said she sees big jumps in Obamacare insurance premiums.

Translation: insurers are not making money, and they need to make money or Obamacare is doomed. Which means even more dramatic rate hikes are about to be unveiled. However, it's not the what but rather the when that is the shock. And, as Politico reports, the timing could not possibly come at a worse time for Democrats.

Obamacare To Unveil "Price Shock" One Week Before The Elections | Zero Hedge

Why do we even need these insurance companies. They only are paper pushers. With the ACA, we should just get rid of insurers period. It would be called national healthcare, in a sense what the ACA is now. Could careless about the health insurance companies.

By every estimate I see the insurance companies add about 5 percent to the cost. Even if they were eliminated that cost would just be moved over to some government agency. By what I have also read this 5 percent has pretty much been stable, it is not the reason for the increases in healthcare insurance.

Really , I read about the CEO of United Health, and how they have made so many acquisitions in recent years.
They raise the costs of medical care and don't do a thing.

 

[Fair&Balanced]

The truly stupid thing is, there was such a simple solution. Instead of all this bullshit, why didn't they just put the 10-15M who didn't have any insurance on Medicaid and leave everyone else alone? Of course , now that isn't an option they've fucked everything up too badly.

 

[EverCurious]

Has anyone even asking why the cost of healthcare is increasing faster than the inflation rate? Medical and education seem to be immune to recession and certainly isn't following inflation.

I've no proof, but given that education is a liberal strong hold, and they have a verbalized agenda, my guess is they're jacking the rates in order to force free college.

Could be the same for medical, I'm not sure the insurance industry is liberal though.