For the average person, health insurance (not to mention healthcare in general) is incredibly expensive; for health insurance companies, they're losing money in
Obamacare markets and are restricted by regulations; for the Trump administration, they just want to get rid of the Affordable Care Act.
Just look at the number of insurers pulling completely out
the Obamacare markets because they're losing too much money.
Moreover, it's still unclear how sustainable
the Obamacare markets are long term in the small, rural counties that have had the most trouble securing insurers.
It's conceivable that by sending
the Obamacare markets into a quasi-death spiral, the policy will significantly drive up the costs to the federal government through bigger subsidies — which is, funnily enough, a good thing for conservatives as far as the Byrd Rule is concerned.
U.S. health insurer Anthem said on Friday it will exit
Obamacare markets in Virginia and reduce its plan offerings in Washington and Scott counties and the city of Bristol next year.
Health insurance premiums rose, in some cases heftily, in many
Obamacare markets as insurers prepared for Trump to end critical federal subsidies that help pay for consumers» out - of - pocket medical costs (a move the president eventually made) and the repeal of the individual mandate.
For those who do need an individual plan, you can access the federal market as well as the enrollment websites for state - run
Obamacare markets through Healthcare.gov.
CBO is saying that children and their families who flock to
Obamacare markets in the absence of CHIP would be more expensive for the federal government to cover than simply extending CHIP.
So, how does the individual mandate destabilize
the Obamacare market and why is it seen as essential to Obamacare?
Not exact matches
Here's the TL; DR version: Repeal of the mandate would drive up premiums in
Obamacare's
markets, but federal subsidies would still have to be paid out to those who qualify.
Republican Sens. Lamar Alexander and Susan Collins are delaying their effort to pass two bills aimed at stabilizing
Obamacare insurance
markets, they announced on Wednesday.
The Trump administration is giving companies that participate in
Obamacare's individual insurance
markets an extra three weeks to determine their 2018 premium rates.
The three conservatives didn't believe the Senate health bill dismantled enough of
Obamacare; Collins expressed concerns about its cuts to Medicaid and other provisions that could potentially roil insurance
markets.
A number of prominent GOP Senators, including Sen. Bill Cassidy, are sounding a defiant note on President Trump's proposal to end
Obamacare payments to insurance companies — payments that help reduce the deductibles and out - of - pocket costs paid by low - income Americans who purchase a mid-level «Silver» plan in
Obamacare's
markets.
The firm did report better than expected profits in the third quarter, and could potentially return to a bigger presence in the individual insurance
market once uncertainty around
Obamacare stabilizes.
European
markets closed lower on Tuesday as investors saw the U.S. revamping a health care bill to replace
Obamacare.
After a fairly brutal assessment of what the Senate GOP's health care bill to repeal
Obamacare would do to the insurance
market, the Congressional Budget Office delivered another surprising analysis of the legislation on Thursday.
Second, around 2 million fewer people would receive coverage through the subsidized «non-group,» or individual
market — the focus of both
Obamacare and the AHCA.
Plans sold under
Obamacare are individual health insurance plans, which is just a tiny slice of the overall insurance
market.
St. Louis - based Centene, one of the largest players in the
Obamacare individual insurance
market, last month disclosed plans to expand into three new states in 2018.
Kwak notes that
Obamacare is a
market - oriented approach to universal healthcare, and is ideologically far more conservative than Bill Clinton's 1993 attempt at healthcare reform.
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Depending on the final policy ingredient list, the individual insurance
market could actually become even more expensive and tumultuous, including in the regions where
Obamacare was actually working well.
The U.S. stock
market closed lower than usual Friday after surging following news that Republican leaders moved to drop their
Obamacare replacement bill.
If you passed it as a standalone proposition it would destroy the insurance
markets and we would own the failure of
Obamacare.»
Trump wants the ACA to be replaced with something «better» based on free
market principles, and with a Republican - controlled Congress behind him, it seems more likely than ever that
Obamacare's last days are fast approaching.
Aetna has mostly pulled out of the individual
markets under
Obamacare for 2018 because of instability, with enrollment below expectations and premiums soaring.
Republicans want to roll back
Obamacare, which established key benefits that almost all individual insurance plans must offer and set up an online
market where more than 10 million people buy their insurance.
Nearer term, Citi said the repeal of the Affordable Care Act, or
Obamacare, could shrink the U.S. HIV
market by increasing the number of uninsured patients as well as introducing greater cost - sensitivity among healthcare providers.
That could risk segmenting the
market and sending it into a death spiral: Healthy people would flock to the skimpier plans while sick people would buy
Obamacare coverage, driving up costs for the latter.
The caucus, led by Representatives Josh Gottheimer (D - NJ) and Tom Reed (R - NY), proposes to make five key changes to the Affordable Care Act (ACA or «
Obamacare») that would give more latitude to states to reform their individual
markets, loosen the mandate that medium - sized employers offer insurance to their employees, and repeal the ACA's medical device tax, among other changes.
Cruz proposed allowing plans that did not comply with
Obamacare's rules back on the
market, allowing healthier people to buy those lower - cost plans, and the federal government could pick up the tab for people with higher costs as premiums for
Obamacare plans rose:
Conservative pressure groups fired a warning shot Monday at members of Congress eyeing measures that would free up federal funding to stabilize
Obamacare's wobbly
markets.
Major for - profit health insurers, with the exception of Anthem and Cigna, have largely pulled back from
Obamacare, opting to stop selling coverage in many
markets.
Humana Inc. said this month that it would quit
Obamacare for next year, while Aetna Chief Executive Officer Mark Bertolini said this month that the
markets were «in a death spiral.»
Trump has made repealing
Obamacare a centerpiece of his entire campaign, in favor of a health plan built on «free
market» principles.
Democrats fear that will result in a splintered
market in which only the sickest customers stay in
Obamacare, driving up consumer and taxpayer costs.
They failed to take credit or make the case for the economic upturn, and how their policies have much to do with lower unemployment (5.8 %), significant debt reduction, healthy corporate balance sheets, greater financial stability (Dodds - Frank), record stock
market numbers, as well as reducing the gap between high earners and the middle class through
Obamacare and reducing the Bush tax cuts.
Obamacare «allowed a person with cancer to both get and keep insurance because of the insurance
market protections; it made sure the insurance the kind of person with cancer was purchasing was meaningful,» Sloan said in an interview.
Via Reihan Salam, Jed Graham argues that the labor
market faces some serious downside risks in the coming year as a result of
Obamacare regulations and taxes coming on line in the while the economy remains fragile.
Graham believes that the cuts in the sequester would allow Obama to blame the lousy labor
market on the reckless meat cleaver cuts of the sequester (not my characterization but that is what you will hear) instead of
Obamacare.
What does
Obamacare have to do with the depressed real estate
market?
Most of the 2012 cycle presidential candidates who
marketed themselves as authentic conservatives (which is to say, to the right of Mitt Romney), had very shallow and brittle arguments against
Obamacare.
They should be evaluated on whether they have a more
market - oriented plan for giving a reasonable chance of coverage to those who now have health insurance because of
Obamacare's Medicaid expansion and subsidies.
Klein is surely right to point out the
market prices should play some role in rationing health care, but he reads me as defending
Obamacare, which was not my intention.
The only difference between what we have now and
Obamacare is who makes the money, and in the government, there is no
market incentive to innovate or create.
The debt ceiling fight didn't lower the consumer confidence, the rising inflationary pressures food and gas, the european debt crisis, the housing
market crashing into a depression and the fact the job
market is horrible (not being helped here by dodd / frank or
obamacare) is whats driving the confidence down.
Those gains are likely to be challenged by a Trump administration, which has signaled it will take a more
market - based approach to regulations and work to repeal
Obamacare.
In other states, it's projected that the end of CSR would trigger premium hikes averaging 19 percent for non-group health plans offered on
Obamacare exchanges — likely causing more Americans to drop coverage and more insurance companies to withdraw from the
market.
UnitedHealth, which is scaling back its
Obamacare public exchange offerings to just three
markets and has lost hundreds of millions of dollars on its exchange plans, asked for a 45.6 percent rate increase on the individual exchange.