#1 ObamaCare's predictable collapse by ThirstyMan 23.11.2015 13:36

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By Rick Manning, contributorNovember 20, 2015

Everyone knew that it was just a matter of time, but no one expected it to fail this fast. Yet, that is exactly what is happening, as bad news story after bad news story about the state of ObamaCare arrives on a seemingly weekly basis.
ObamaCare co-ops were supposed to provide lower cost health insurance alternatives because they weren't driven by the profit motive. Now, just a couple of years after the Affordable Care Act (ACA) was implemented, 12 out of 23 co-ops have failed, costing taxpayers $1.2 billion in defaulted loan repayments. The failure rate even outstrips the Labor Department's 2011 projections of 36 percent, and as The Carpenters used to sing, "We've Only Just Begun."
The impact on 100,000 New York state users of the failed Health Republic Insurance of New York co-op means they will have to find new health insurance. The New York Post writes, "Add 250 New York cancer patients to the long list of victims of ObamaCare's lies — just one more snapshot of the program's ongoing death spiral."

The reason cancer patients are now scrambling for healthcare? The collapsed co-op was the only insurance provider that covered treatment at the world-renowned Memorial Sloan-Kettering Cancer Center, and now with the co-op gone, cancer patients need to find new insurance, new doctors, new treatment centers all at the most vulnerable time in their lives. The naive idea that the co-op could offer premium coverage at non-premium pricing and survive has left patients stranded and taxpayers stuck with the price tag.

But failing co-ops are only a small part of the problem for the ObamaCare house of cards. The largest health insurer in the country, UnitedHealthcare, just announced that they are unlikely to participate in the ObamaCare health exchanges in 2017 and are limiting their marketing for customers through exchanges in 2016.
The Wall Street Journal quotes UnitedHealth Group Chief Executive Stephen J. Hemsley as saying, "We can't sustain these losses," further explaining, "We can't subsidize a market that doesn't appear at this point to be sustaining itself."

It has long been rumored that health insurance providers were teetering on financial disaster due to the combination of fewer enrollees than planned, increased coverage requirements and profit restrictions imposed under the law. UnitedHealthcare's admission during a briefing with stock analysts that continuing to operate under the strictures of the ACA doesn't make financial sense is the equivalent of driving a dozen nails into the coffin of much-hated law.

But wait, there's more. That ol' promise that healthcare costs would go down by $2,500 for an average family took another hit of reality as a Wall Street Journal analysis of 2016 rates showed that premiums for individual health plans are going up, with double-digit increases more typical than not.

And healthcare services are being limited due as part of the ObamaCare fallout. In Kentucky, 40 percent of hospitals have had to cut services because the Democratic governor expanded Medicaid eligibility and the costs have soared. The political results are dire for the Democratic Party as a Republican won the governorship in the commonwealth in overwhelming fashion, at least partially due to the shattered trust in government that the healthcare failure has engendered. Newly elected Matt Bevin is only the second Republican governor elected in the state in the past 44 years: Not exactly a political omen that should warm the cockles of Democratic hearts.

Besides skyrocketing healthcare costs, less healthcare service available, anticipated health insurance company abandonment of the system, patients being thrown off coverage and losing their doctors, and the failure of the co-op system, ObamaCare is doing just fine. It is the politicians who still support it who will be on life support come November 2016, when panic over the system intensifies.

The only thing surprising is that anyone still supports this ill-advised, poorly conceived big government boondoggle.

http://thehill.com/blogs/pundits-blog/he...ctable-collapse

#2 RE: ObamaCare's predictable collapse by ThirstyMan 23.11.2015 22:08

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AP Only Tells Readers That 'Several' Obamacare Co-ops Are 'Hurting'

By Tom Blumer | November 21, 2015

The press's reluctance to relay Obamacare-related bad news has been obvious for years. Nowhere is this more consistently the case than at the Associated Press, aka the Administration's Press.

Over half of the state non-profit co-ops set up under Obamacare with $2 billion-plus in taxayer funding are failing. The AP has generally treated those failures as local stories, even though they relate to the Affordable Care Act, the passage of which they still call President Barack Obama's "signature domestic achievement." Most of the other co-ops are either incurring huge losses, have become undercapitalized, or both. So watch, in context, how AP business writer Tom Murphy, in a dispatch primarily about UnitedHealth Group's announcement that "it is pulling back from its push into the Affordable Care Act's public insurance exchanges":

WHY IS IT (i.e., UnitedHealth Group) STRUGGLING?

The insurer has been hurt in particular by customers who signed up for coverage outside the open enrollment window and use more health care in general than those who bought coverage during open enrollment.

Insurers expected challenges as they built this business over the past few years. They have been struggling, in particular, to attract enough healthy customers to their coverage to balance sicker patients who use a lot of health care.

WHO ELSE IS HURTING?

Several smaller, nonprofit insurance cooperatives said recently that they would stop selling coverage on the state-based exchanges.

Aetna Inc. said last month that its exchange enrollment fell 11 percent in the third quarter, but company leaders also said the exchanges remain a good market.

Obvious problems:

Though readers could infer that the co-ops are involved with Obamacare, Murphy didn't identify them as entities specifically created in the legislation to try to "prove" that non-profit, government-financed entities could show the big, ugly profiteering insurance companies how to run a business efficiently and effectively. (Cue the laugh track.)
The question Murphy asked was: "Who else is hurting?" It wasn't: "Who has stopped selling coverage?"
But Murphy wouldn't even answer his own question, only telling readers that "several" — normally defined as between 2 and 5 — co-ops have stopped selling coverage "recently."


The fact of the matter is that, as seen at the following graphic originally found at the Washington Post, 12 co-ops are or will shortly be closing their doors:

Bild entfernt (keine Rechte)

snip

http://www.newsbusters.org/blogs/nb/tom-...ops-are-hurting

#3 RE: ObamaCare's predictable collapse by algernonpj 24.11.2015 18:29

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Jaded soul that I am, I wouldn't be surprised if ObamaCare weren't designed this way. 'Private' insurers fail and the tax payers pick up the loss, so why not single payer government run healthcare ??

Classic: create a crisis and let expansion of big government fix it. Meanwhile cronies rake in the $$$$$$. Just like the green energy companies.

#4 RE: ObamaCare's predictable collapse by Rufus T Firefly 24.11.2015 19:23

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Quote: algernonpj wrote in post #3
Jaded soul that I am, I wouldn't be surprised if ObamaCare weren't designed this way. 'Private' insurers fail and the tax payers pick up the loss, so why not single payer government run healthcare ??

Classic: create a crisis and let expansion of big government fix it. Meanwhile cronies rake in the $$$$$$. Just like the green energy companies.

I've thought the same thing. The boy emperor is on record (all the way back to 2007, I think) as saying that the goal was single payer, but they'd have to get to it in stages.

#5 RE: ObamaCare's predictable collapse by truthkeeper 25.11.2015 09:30

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I'm super busy this morning cooking so I don't have time to read all the articles, but I am curious as to when you all think this farce will come crashing down entirely.

BEFORE the election or AFTER?

And depending upon when it happens, what "remedies" do you think might be proposed or enacted? (Obviously contingent upon whether an R or D is in WH.)

Your thoughts? (FWIW, I expect to be personally affected in about a year or so.)

#6 RE: ObamaCare's predictable collapse by Rufus T Firefly 25.11.2015 10:01

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Quote: truthkeeper wrote in post #5
I'm super busy this morning cooking so I don't have time to read all the articles, but I am curious as to when you all think this farce will come crashing down entirely.

BEFORE the election or AFTER?

And depending upon when it happens, what "remedies" do you think might be proposed or enacted? (Obviously contingent upon whether an R or D is in WH.)

Your thoughts? (FWIW, I expect to be personally affected in about a year or so.)

If you recall, Zero-care was done in such a way that so-called republicans could say their fingerprints were not on it. No republican voted for it. And it almost fell apart when the LION OF THE SENATE (aka Teddy the swimmer) died and Scott Brown was elected (at that point the dems only had 59 votes, IIRC).

But then dirtbag Harry Reid rode to the rescue and - with sleight of hand and smoke and mirrors - somehow got it passed.

Fast forward - Since then, it's been so-called republicans who have SAVED it. Specifically, republican SCOTUS justices (Roberts and Kennedy). Moreover, Boehner (now Ryan) and Mitch the turtle have done NOTHING to even slow down this monstrosity.

What's the point of bringing this up? Well it's to show that republicans (the gop-e) are really okay with Zero-care. After all, it won't effect most of them, right?

The short of it - government programs, once established, never go away. Zero-care will be no different. Failure is not an option - it's likely we'll have some form of single payer (V.A. for everybody!). That has been the goal all along.

#7 RE: ObamaCare's predictable collapse by truthkeeper 25.11.2015 10:57

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So Rufus, are you saying we're simply on the march to single payer? And that GOPe (and certainly not the Rats) will do anything to stop it?

Damn the repercussions in the meantime as the unwashed scream and curse?

Sorry, just trying to cut to the chase. I want to be prepared...

#8 RE: ObamaCare's predictable collapse by Rufus T Firefly 25.11.2015 11:33

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Quote: truthkeeper wrote in post #7
So Rufus, are you saying we're simply on the march to single payer? And that GOPe (and certainly not the Rats) will do anything to stop it?

Damn the repercussions in the meantime as the unwashed scream and curse?

Sorry, just trying to cut to the chase. I want to be prepared...

Yeah, that's pretty much the way I see it.

Socialized medicine has been a wet dream of the ruling class since the days of FDR - they just never had a way to implement it. Now that they're this close, there's going to be no going back. And they (the RC) do not really care about any "repurcussions" since they are not affected.

Anti Zero care sentiment was a huge motivator in the mid term elections - with the so-called opposition party promising stopping (or at a minimum slowing) it down. The turtle even ran campaign ads to that effect. Yet literally the day after the election he couldn't get to a TV camera fast enough to say "we won't be shutting down the gov't" (which is really the only power over the executive the Congress has - short of impeachment)

EDIT: I should elaborate on my "shutting down the gov't" comment. It's really more accurately called "the power of the purse" and it's right there in that old relic called The Constitution. Before we entered Emperor Zero's Twilight Zone, Congress used to exercise "the power of the purse" (i.e. cutting off spending) all the time. My goodness, even ***gasp*** the gov't was shut down for periods of time until deals could be worked out.

The Horrors!!!

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