Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search
 

Purveyor

(29,876 posts)
Thu May 5, 2016, 12:28 PM May 2016

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/

24 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Humana May Exit Obamacare Individual Plans In Some States (Original Post) Purveyor May 2016 OP
They are going to safeinOhio May 2016 #1
Too bad we have "Democrats" working to oppose single payer in Colorado. nt villager May 2016 #2
List their nsmes lsewpershad May 2016 #4
Enjoy villager May 2016 #7
The GATS and TISA trade deals have made single payer FTA-illegal since 1994 Baobab May 2016 #15
It's a real shame we didn't get the public option. Vinca May 2016 #3
"Public option" was a scam thought up by insurance companies. Baobab May 2016 #16
The public option could have been a buy-in for Medicare and as people gravitated Vinca May 2016 #17
Medicare was grandfathered in, also its for old people. Baobab May 2016 #20
Guaranteed to fail becase of Adverse Selection Baobab May 2016 #21
Meaning they aren't making the profit they used to make when they could screw people Ohioblue22 May 2016 #5
Exactly. Obscene execustive salaries and bonuses... are threatened! villager May 2016 #8
We need an EO... scscholar May 2016 #6
EO ? sorry I'm clueless ..lol. YOHABLO May 2016 #11
Executive order would be my guess. nt PunkinPi May 2016 #13
they cannot force businesses to insure people Baobab May 2016 #19
Alaska just lost one of two providers J_J_ May 2016 #9
Eventually, all that will be left of ACA is the mandate. We will never get rid of that part. Skeeter Barnes May 2016 #10
Nothing says "hope" and "change" like another tax on poor people! villager May 2016 #18
As soon as its globalized then the foreign insurance providers will petition WTO to apply "rollback" Baobab May 2016 #22
I have noticed also how some docs don't want to take Medicare patients. YOHABLO May 2016 #12
So citizens can't say 'no' to Obamacare, but Humana, et al. can? Lodestar May 2016 #14
You dont see rich people buying Obamacare Baobab May 2016 #23
hell, they probably wrote it Skittles May 2016 #24

Baobab

(4,667 posts)
15. The GATS and TISA trade deals have made single payer FTA-illegal since 1994
Thu May 5, 2016, 05:54 PM
May 2016

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)
3. It's a real shame we didn't get the public option.
Thu May 5, 2016, 12:42 PM
May 2016

It would be morphing into single-payer right now.

Baobab

(4,667 posts)
16. "Public option" was a scam thought up by insurance companies.
Thu May 5, 2016, 05:57 PM
May 2016

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)
17. The public option could have been a buy-in for Medicare and as people gravitated
Thu May 5, 2016, 06:01 PM
May 2016

to it there would be clear proof people have wanted single-payer.

Baobab

(4,667 posts)
21. Guaranteed to fail becase of Adverse Selection
Thu May 5, 2016, 06:13 PM
May 2016

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

 

villager

(26,001 posts)
8. Exactly. Obscene execustive salaries and bonuses... are threatened!
Thu May 5, 2016, 01:00 PM
May 2016

Better to get rid of the "surplus population" than suffer that!

Baobab

(4,667 posts)
19. they cannot force businesses to insure people
Thu May 5, 2016, 06:05 PM
May 2016

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)
9. Alaska just lost one of two providers
Thu May 5, 2016, 01:43 PM
May 2016

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.

Baobab

(4,667 posts)
22. As soon as its globalized then the foreign insurance providers will petition WTO to apply "rollback"
Thu May 5, 2016, 06:21 PM
May 2016

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)
12. I have noticed also how some docs don't want to take Medicare patients.
Thu May 5, 2016, 02:21 PM
May 2016

They have tough time over charging Medicare.

Lodestar

(2,388 posts)
14. So citizens can't say 'no' to Obamacare, but Humana, et al. can?
Thu May 5, 2016, 04:06 PM
May 2016

Would love to see the loophole that allows these companies to simply exit the plan.

Baobab

(4,667 posts)
23. You dont see rich people buying Obamacare
Thu May 5, 2016, 06:27 PM
May 2016

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.

Latest Discussions»Latest Breaking News»Humana May Exit Obamacare...