Wednesday, August 17, 2016

How's That Obamacare Coming Along?

A recent report from the Kaiser Family Foundation shows that as many as two states and 650 counties are on track to have just one insurer on the Affordable Care Act exchanges next year.

[...]

That’s up significantly from 225 counties with just one marketplace competitor in 2016.

[...]

And that number could even grow; filings in many states aren’t public yet, and insurers are free to change and update their offerings until September.

  IBA
Aetna’s announcement Monday night was the latest sign that large insurers are losing money in the Affordable Care Act’s marketplaces, heightening concerns about the long-term stability of a key part of Obama’s domestic policy legacy.

[...]

Aetna said it will exit 11 of the 15 states where it offers coverage through the Affordable Care Act, widely known as Obamacare. That affects about 80 percent of its customers covered through insurance marketplaces.

[...]

Earlier this month, Humana said it will cut back its participation on the exchanges from 15 states to 11. On an earnings call in July, UnitedHealth Group chief executive Stephen Hemsley announced that his company plans to remain on “three or fewer exchange markets.”

[...]

Democratic nominee Hillary Clinton has pledged to modify the law to expand coverage and wants to add a public insurance option.

  WaPo
Really? Is that like her insistence that she's against TPP while bringing in Tim Kaine for her VP (who voted for fast-tracking TPP) and Ken Salazar for her transition team (who supports TPP and opened the Arctic Ocean for drilling while secretary of the interior)?

...but hey, do what you want...you will anyway.

No comments: