Humana May Exit Obamacare Individual Plans In Some States
Source: Reuters
May 4 (Reuters) - U.S. health insurer Humana Inc, which plans to be bought by larger Aetna Inc, is considering ending the sale of Obamacare individual plans in some states in 2017 to stem losses there.
Humana's individual business, which sells plans under President Barack Obama's Affordable Care Act, has been a drag on results, and the company still expects to lose money this year. Humana sells plans in 15 states.
SEE ALSO: 1 state could be abandoning Obamacare after Election Day
The company said on Wednesday that first-quarter earnings fell 46 percent due to higher costs in individual plans, including Obamacare, and its direct-to-customer Medicare Advantage plans.
UnitedHealth Group Inc said last month it was losing money and would largely exit the 34 states where it sells plans. Aetna said it is reviewing 2017 exchange participation state by state and that changes are needed to stabilize the exchanges.
Read more: http://www.aol.com/article/2016/05/05/humana-may-exit-obamacare-individual-plans-in-some-states/21370639/
safeinOhio
(32,714 posts)Love single payer. No pulling out when you are pulled out of the picture.
villager
(26,001 posts)lsewpershad
(2,620 posts)Baobab
(4,667 posts)Last edited Thu May 5, 2016, 06:44 PM - Edit history (1)
These both are informative about how FTAS are making affordable health care and education impossible:
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.405.5725 (US)
http://citeseerx.ist.psu.edu/viewdoc/summary?doi=10.1.1.678.59 (Canada)
Additional info: http://www.maine.gov/legis/opla/ctpchlthcaresub.pdf
Vinca
(50,303 posts)It would be morphing into single-payer right now.
Baobab
(4,667 posts)It isnt being public that makes single payer affordable actually, guaranteed issue makes it more expensive if you have cherry picking insurance companies skimming off the healthy, profitable customers.
Vinca
(50,303 posts)to it there would be clear proof people have wanted single-payer.
Baobab
(4,667 posts)Also, please read this paper-
http://www.pnhp.org/sites/default/files/Nick%20Skala%20GAT%20and%20Health%20Reform.pdf
the late Mr. Skala explains it far better than I ever could.
He actually managed to get the House to agree on a vote on single payer, you know if he hadn't have suddenly died died they would have held it.
http://www.pnhpillinois.org/pipermail/activists_healthcareil.org/2009-August/000156.html
http://www.pnhpillinois.org/pipermail/activists_healthcareil.org/2009-August/000157.html
http://www.pnhpillinois.org/pipermail/activists_healthcareil.org/2009-August/000158.html
Baobab
(4,667 posts)They have tried the same things over and over again, and they always fail, meanwhile, a huge number of people have died.
http://www.pnhp.org/states_flatline/State%20Health%20Reform%20Flatlines%20IJHS%20-%202008.pdf
Ohioblue22
(1,430 posts)villager
(26,001 posts)Better to get rid of the "surplus population" than suffer that!
scscholar
(2,902 posts)to prevent this!
YOHABLO
(7,358 posts)PunkinPi
(4,878 posts)Baobab
(4,667 posts)Also, public services violate our own trade deals, which we're pushing all around the world, the FTAS - the policies we are pushing make it impossible for any new nonconforming public services to be created because we agreed to dismantle them in 1994.
Read this paper about the obstacles faced by Maine:
http://www.maine.gov/legis/opla/ctpchlthcaresub.pdf
For the US to suddenly start allowing public services which gave away health care and forced insurance companies out would be a major change in US policy, kind of like the Pope endorsing birth control or something.
You can read the actual text blocking nonconforming monopoly services in here under Standstill.
https://www.wto.org/english/docs_e/legal_e/54-ufins_e.htm
Sorry. Bill Clinton should never have signed it back in 1994
J_J_
(1,213 posts)One company has a monopoly now, not good....something needs to be done to fix this...
http://www.adn.com/article/20160502/moda-health-leave-alaska-s-individual-insurance-market-2017
And it is not just the insurance company's fault.
Hospitals charge an outrageous, unregulated amount.
I just had two surgeries, for over $300,000.
Moda had to cover my second surgery of +$130,000 and I have only paid them $1600.
I feel really guilty for being part of the problem here, but what the heck was I supposed to do?
Health care should be Not-For-Profit, and executive salaries need to be regulated.
Skeeter Barnes
(994 posts)villager
(26,001 posts)Baobab
(4,667 posts)to 1998 regulatory ceiling. I think it is january 1998, that is pre-ACA. So we will then basically get Third World insurance and to reduce prices they wil use the disciplines on dmestic regulation to either import doctors and nurses under Mode Four or they will ship people with low cost insurance to other countries when they need any serious medical procedure. So we wil lose guaranteed issue, we will lose basically all of the good things in the ACA, but the tiered system will be perpetuated- also they will have successfully gotten rid of the high wages without being directly blamable for it, sacrificed on the altar of for profit health care. Same thing with other service sectors.
read up on what "Standstill" and "Rollback" and "ratchet" mean in the context of international trade.
here is Lori Wallach talking about it, she mentions the rollback in this Democracy now.
http://www.democracynow.org/2014/6/20/a_plan_only_banksters_will_love
You should also learn abut TiSA
YOHABLO
(7,358 posts)They have tough time over charging Medicare.
Lodestar
(2,388 posts)Would love to see the loophole that allows these companies to simply exit the plan.
Baobab
(4,667 posts)do you?
The main thing with Obamacare was to create a system that perpetuated the tiered system, against all odds, complies with US trade policy, which perpetuates a number of big lies, also stop the potential fall in healthcare prices and drug prices, to prop them up, and especially stop write-offs, stop the free riders.