Why do we know these three bad things are happening?Because that’s what we’re being told by Mary Tavenner, the former head of the Center for Medicare and Medicaid Services for the Obama Administration who has now cashed out and is pimping for the health insurance companies that got in bed with the White House to foist Obamacare on the American people.
IBD gives us the sordid details.
Why will 2017 rates spike even higher? In addition to the cost of complying with ObamaCare’s insurance regulations and mandates, there’s the fact that the ObamaCare exchanges have failed to attract enough young and healthy people needed to keep premiums down. Plus, two industry bailout programs expire this year, Tavenner notes. Oh, and she admits that people are gaming ObamaCare just like critics said they would: buying coverage after they get sick — since insurance companies can no longer turn them down or charge them more — then dropping it when they’re done with treatments. “That churn increases premiums. So you have to kind of price over that.”
And that’s just one slice of bad news.
ObamaCare enrollment has already dropped an average of more than 14% in five states since February — a faster rate of decline than last year — as people get kicked off for not paying premiums. Finally, we learned on Tuesday that UnitedHealth Group (UNH) is planning to drop out of almost every ObamaCare market it currently serves after losing $1 billion on those policies. …Skyrocketing premiums, fewer choices in the marketplace, and people fleeing ObamaCare in droves after signing up. This isn’t exactly what Obama promised when he signed ObamaCare into law.
Source: One Strike, Two Strikes, Three Strikes (and Many More Strikes) for Obamacare | International Liberty
My biggest gripe about Obamacare is that it is discriminatory for the poor. Oh there are some premium discounts based on income but the poorer people must pick the plan with least coverage and therefore get diminished health care. All people should have the same health care with no levels and premium income based with a cap at maximum even for rich. The Obamacare copper plan is not worth any premium and out of pocket so high and yet you are fined not to have something and that copper plan is indeed nothing. I am thankful that I am 66 and have medicare and a supplemental which is affordable.