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Yeah, Kentuckians are so cock-a-hoop about Obamacare that they just elected a Republican Governor:
The national press had made Kentucky a showcase of the Affordable Care Act, touting Democratic Governor Steve Beshear’s state-run exchange, KYnect, and his Medicaid expansion. The local results weren’t so cheery. Two-fifths of Kentucky hospitals have had to cut services due to soaring Medicaid costs. Thousands of residents lost the health-care plans they liked, and most insurers on Kynect are increasing premiums by double-digits.
1. The grandfather rules were written into the ACA law so people could keep their old policies. The health insurance companies dropped the ball and didn't not follow the law. They decided to just offer the new policies with the 10 minimum benefits.
2. The health insurance companies had to raise their rates because a majority of the of the policyholders from the government exchanges were already sick (unbalanced risk pool). How do you think United Health Care lost 300 million dollars? Sick people submit claims. Before the ACA law was passed these people same were denied coverage and remained uninsured.
No more than you want to fluff Carly Fiorinia. We all know what Trump said about her.
Carly who?
Quote:
Originally Posted by flghtr65
1. The grandfather rules were written into the ACA law so people could keep their old policies. The health insurance companies dropped the ball and didn't not follow the law. They decided to just offer the new policies with the 10 minimum benefits.
2. The health insurance companies had to raise their rates because a majority of the of the policyholders from the government exchanges were already sick (unbalanced risk pool). How do you think United Health Care lost 300 million dollars? Sick people submit claims. Before the ACA law was passed these people same were denied coverage and remained uninsured.
wasn't the point of ACA to get sick people coverage? didn't Obama promise it would NOT cost one dime to the federal debt?
so when's Obama gonna charge these Insurance companies for "violating the law?"
try harder libtard.
copyright lusytlad incorporated
i predict your next post will be even stupider than your last. you never disappoint in that category libtard.
wasn't the point of ACA to get sick people coverage? didn't Obama promise it would NOT cost one dime to the federal debt?
so when's Obama gonna charge these Insurance companies for "violating the law?"
The sick people got the coverage. That is how United Health Care lost the 300 million. The concept of a risk pool is beyond your comprehension level dumbass, so I won't waste time trying to explain it to you. As for the health insurance companies that did not follow the grandfather rules, that issue was left up to the Commissioner of Insurance of each state. Some people got to keep their old policy in some states and some didn't. The ACA did not increase the deficit see the deficits listed below. Have any other questions Moron?
Budget Deficits by Fiscal Year
President Barack Obama: Total Projected Plus Actual Deficits = $6.619 trillion.
The sick people got the coverage. That is how United Health Care lost the 300 million. The concept of a risk pool is beyond your comprehension level dumbass, so I won't waste time trying to explain it to you. As for the health insurance companies that did not follow the grandfather rules, that issue was left up to the Commissioner of Insurance of each state. Some people got to keep their old policy in some states and some didn't. The ACA did not increase the deficit see the deficits listed below. Have any other questions Moron?
Budget Deficits by Fiscal Year
President Barack Obama: Total Projected Plus Actual Deficits = $6.619 trillion.
you are dumber than a sack of wet mice, boy? the entire premise of ACA was that healthy younger people would sign up in droves to offset the cost of older people, many with preexisting conditions. they didn't. so what happened? the obvious, except to a sack of wet mice like yourself, the insurance companies are losing tons of money, and therefore exiting many states. which of course reduces the options in those states, for everyone. do you realize, wet mice, that Obama could have accomplished the major goal of ACA simply by passing a law saying that insurance companies could not exclude coverage for preexisting conditions?
instead he made it "illegal" not to have insurance by a fine via the IRA for anyone who didn't. yes, it's a fine and you know it. there are people who would rather pay the fine that pay the outrageous costs of these new rates. it's cheaper, even with subsidies.
only two states according to Forbes actually had premiums go down vs. 48 that had increases, including a whopping 279% (Nebraska), 247% (Arkansas) and 267% (North Carolina). and that's with subsidies, sack of wet mice. only two states, Colorado and New Hampshire had a decrease.
also, if one believes your numbers, Obama has increased the deficit TWICE as much as Georgie W, TWICE AS MUCH. did you even think that through before you posted?
being that stupid must take a lot of work, sack of wet mice.
Blue Cross and Blue Shield of North Carolina projects major ACA exchange losses
Insurer expects to lose $400M for 2014 and 2015, will halt sales commissions
February 1, 2016 | By Leslie Small
In yet another sign of trouble for the Affordable Care Act exchanges, Blue Cross and Blue Shield of North Carolina (BCBSNC) is projecting a loss of more than $400 million on its ACA policies for 2014 and 2015, the News & Observer reports.
As a result of those significant losses, which the newspaper says the insurer announced to insurance agents last week, BCBSNC will eliminate sales commissions for agents, stop accepting applications for ACA policies online and terminate its advertising of ACA policies.
Those moves echo the steps taken by the country's largest insurer, UnitedHealth, to respond to its losses in the individual market, which totaled $720 million in 2015. In addition, United may stop offering ACA policies altogether in 2017. Losses in individual business also dragged down the fourth-quarter earnings of major insurer Anthem.
A report last week from the Urban Institute pointed out that the failure of several consumer operated and oriented plans and United's possible exit may not spell the end of the ACA exchanges, as many markets are dominated by Blues-affiliated insurers. But the news about BCBSNC may show that even Blues plans are not immune from the market forces making the individual market difficult for insurers.
"It may just be a matter of time before BCBSNC too abandons its Obamacare policies as a line of business," Forbes contributor Chris Conover writes in an opinion piece for the site.
In 100 North Carolina counties, BCBSNC is the only insurer that offers ACA plans, according to the News & Observer. The state has made significant ACA enrollment gains this year in spite of the fact that all three insurers that offer exchange policies have raised their average premiums 20 percent or more. For its part, BCBSNC raised its rates an average of 32.5 percent for 2016, the article notes.
In addition to its financial losses on the exchanges, BCBSNC has been struggling with a massive IT system failure that resulted in coverage disruptions and overbilling for thousands of its customers. The insurer said recently it is making progress in resolving the issues, which have led state officials to investigate.
George Soros (Schwartz György) will never forget you , Frightr...
