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Insurance Costs Under Obamacare - Page 49

post #721 of 739
Quote:
Originally Posted by Piobaire View Post

A formerly Independent friend back in Michigan is now a liberal. He told me yesterday he doesn't understand why the Gruber videos are even news and is "confused" why intelligent people think it is. I guess the sub-text is he's smarter than everyone in the room, and if you didn't know you were being lied to, that's your problem.

So he's admitting that he's a liar now? Better off as a mindless Obama drone.
post #722 of 739
Quote:
Originally Posted by Piobaire View Post

A formerly Independent friend back in Michigan is now a liberal. He told me yesterday he doesn't understand why the Gruber videos are even news and is "confused" why intelligent people think it is. I guess the sub-text is he's smarter than everyone in the room, and if you didn't know you were being lied to, that's your problem.


Being smart is more important than being honest, I suppose. If you can look up his old posts, I'm sure you'll see that he bought the lies hook line and sinker.
post #723 of 739
This is fairly precious:

http://www.nytimes.com/2015/01/06/us/health-care-fixes-backed-by-harvards-experts-now-roil-its-faculty.html

TL;DNR = Obamacare is something we think everyone should have...everyone but us.
post #724 of 739
Fantastic! We had to change plans to avoid a 35% increase in premiums. Now it's a "plan" where the deductible is much higher. I would fare better with term life insurance and a veterinarian.

Thanks Obama. Still waiting on my $2,500 per year savings under the "affordable" care act
post #725 of 739
Quote:
Originally Posted by Lighthouse View Post

Fantastic! We had to change plans to avoid a 35% increase in premiums. Now it's a "plan" where the deductible is much higher. I would fare better with term life insurance and a veterinarian.

Thanks Obama. Still waiting on my $2,500 per year savings under the "affordable" care act

You should be grateful that you are subsidizing healthcare for the poors.
post #726 of 739
I hate the poors. I hope they all die.
post #727 of 739
Quote:
Originally Posted by Harold falcon View Post

I hate the poors. I hope they all die.


But who would hire you then?

post #728 of 739
http://money.cnn.com/2016/08/17/news/economy/obamacare-insurers/index.html

Annndddd...another huge player drops 11 of the 15 states it participated in Obama exchanges. Who called this years ago?
post #729 of 739
Quote:
Originally Posted by Piobaire View Post

http://money.cnn.com/2016/08/17/news/economy/obamacare-insurers/index.html

Annndddd...another huge player drops 11 of the 15 states it participated in Obama exchanges. Who called this years ago?


Literally everyone who looked at this thing objectively.

post #730 of 739
Quote:
Originally Posted by brokencycle View Post


Literally everyone who looked at this thing objectively.

Better known as, "WHY DON'T YOU WANT PEOPLE TO HAVE HEALTHCARE!11!!???"
post #731 of 739
Quote:
Originally Posted by Piobaire View Post


Better known as, "WHY DON'T YOU WANT PEOPLE TO HAVE HEALTHCARE!11!!???"

Proof: https://np.reddit.com/r/Economics/comments/4xzk56/aetna_one_of_the_countrys_largest_health_insurers/d6jqn1u

post #732 of 739
Quote:
Originally Posted by Piobaire View Post

http://money.cnn.com/2016/08/17/news/economy/obamacare-insurers/index.html

Annndddd...another huge player drops 11 of the 15 states it participated in Obama exchanges. Who called this years ago?

People are saying this is related to DOJ not approving their merger with Humana, not cost related.

http://www.businessinsider.com/aetna-humana-merger-reason-for-leaving-obamacare-2016-8
http://fortune.com/2016/07/22/aetna-humana-mega-merger/

Going from 5 big insurers to 3 seems really problematic to me (I think another merger attempt involving Cigna and Anthem was also blocked). If it had been approved, less competition among insurers would have led to higher premiums for patients in all forms of insurance and less doctor payments as the insurance market gets more concentrated.
post #733 of 739
Quote:
Originally Posted by NoVaguy View Post

People are saying this is related to DOJ not approving their merger with Humana, not cost related.

http://www.businessinsider.com/aetna-humana-merger-reason-for-leaving-obamacare-2016-8
http://fortune.com/2016/07/22/aetna-humana-mega-merger/

Going from 5 big insurers to 3 seems really problematic to me (I think another merger attempt involving Cigna and Anthem was also blocked). If it had been approved, less competition among insurers would have led to higher premiums for patients in all forms of insurance and less doctor payments as the insurance market gets more concentrated.

Read your links and it seems it is cost related. The cost of running the exchanges while fighting the DOJ at the same time to be exact. Also, Aetna has said the exchange business has degraded in your links, so there's the company itself maintaining the business cost in isolation is problematic too.

I'm puzzled why you would think limiting the field is problematic as I always assumed you were for single payer.
post #734 of 739
From your Business Insider link:
Quote:
Our analysis to date makes clear that if the deal were challenged and/or blocked we would need to take immediate actions to mitigate public exchange and ACA small group losses. Specifically, if the DOJ sues to enjoin the transaction, we will immediately take action to reduce our 2017 exchange footprint.


snip

In the time since we submitted our written response to DOJ and provided a courtesy copy to [the Department of Health and Human Services], we gained full visibility into our second quarter individual public exchange results, which — similar to other participants on the public exchanges — showed a significant deterioration. That deterioration, and not the DOJ challenge to our Humana transaction, is ultimately what drove us to announce the narrowing of our public exchange presence for the 2017 plan year.

If there's money to be made it's illogical for a publicly traded company not to make it, no?
post #735 of 739
Quote:
Originally Posted by Piobaire View Post

From your Business Insider link:
If there's money to be made it's illogical for a publicly traded company not to make it, no?

That wasn't my point - my point was the hit to those obamacare plans may not outweigh the hit to doctors and patients with non-obamacare plans if market consolidations were allowed to go through.

I am more universal health care by any means than wedded to single payer, although politically single payer would be easier to sustain as broad programs are usually easier to administer than complicated programs.

And I am even more pro antitrust law than anything else. Market consolidation pisses me off.
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