All you idiot Obamacare supporters whose knowledge of health insurance and much less Medicare is equal to my knowledge and Experiences as the size of a thimble!
READ this and get it through your heads OBAMACARE is destroying health CARE!
A) Insurances companies are 22 on list of top 50 profitable average 4%
B) Insurance companies medical loss ratio (MLR) averages 80%!
C) This means NOW with Obamacare.. idiot Obama's stupid bald face lie:
If you like your health-care plan, you keep your health-care plan. Nobody is going to force you to leave your health-care plan. If you like your doctor, you keep seeing your doctor.
I don't want government bureaucrats meddling in your health care." Obama Touts Health Care Plan In Press Conference - ABC News
LIAR!!
"I first wrote about this problem in May of 2010, describing it as a
“hidden time bomb,” warning that private insurers
“may decide to exit the [individual-insurance market] altogether” because there isn’t much room to improve
MLRs in the individual market. And, sadly, I was right. Aetna has announced it is withdrawing from the individual markets in Indiana, Colorado, and other states. Other insurers have similarly withdrawn from Minnesota, Texas, Virginia, and Illinois. I won’t bore you with a laundry list of further examples.
And it’s not just insurers who are dropping out. In September of 2010, McDonald’s announced that, without a waiver from the MLR regulations, the company would be forced to drop health coverage for 29,500 hourly-wage employees. (After the ensuing media firestorm, HHS granted the waiver.)
This is why at least 16 states have applied for waivers to the MLR regulations: Maine (approved); New Hampshire, Nevada, Kentucky, and Iowa (partially approved); North Dakota and Delaware (rejected); and Florida, Georgia, Louisiana, Kansas, Indiana, Michigan, Texas, North Carolina, and Oklahoma (under review). State governments understand that Obamacare’s MLR regulations will force most insurers to stop offering coverage to people who aren’t in the employer-sponsored system: the very people in whose name the law was passed.
Obamacare's MLR 'Bomb' Will Create Private Insurance Monopolies and Drive Premiums Skyward. Hallelujah! - Forbes