Tag Archives: Humana

ObamaCare Is Not Doing Well

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Politico posted an article today about sign-ups for ObamaCare.

The article reports:

Sign-ups for Obamacare coverage declined for the first time in the 2017 season and fell below the Obama administration‘s estimates for the three-month enrollment window, according to figures released Wednesday by the Department of Health and Human Services.

A total of 12.2 million people enrolled in Obamacare plans nationwide between Nov. 1 and Jan. 31 — a drop-off from the 12.7 million sign-ups at the close of the last open-enrollment season. The Trump administration soon after taking office scaled back enrollment outreach during the critical final week of sign-ups.

The article reminds us that roughly four out of five people who sign up for ObamaCare receive tax credits to offset their monthly premiums. Even at that, people are not rushing to sign up.

The article concludes:

The Trump administration reversed plans to scrap phone calls and other forms of outreach to encourage sign-ups in the finals days of the enrollment period after the move sparked outcry from the law’s supporters and health insurers. Officials said they were unable to pull back some HealthCare.gov radio and TV advertising that had been purchased by the Obama administration. HHS was able to cancel about $4 million to $5 million in ads.

The enrollment report comes amid a spate of troubling news about health law insurance markets. Last month, Humana announced it would become the first major insurer to pull out of the market completely next year. Molina, which had an unexpected loss, said it would assess ongoing participation at a later date. Other insurers are sounding alarms.

ObamaCare needs to go away. The Republicans need to pass the bill they have passed before in order to end it. The gamesmanship that is going on now in the Republican Party is totally unacceptable.

More Bad News From ObamaCare

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Yesterday the Daily Caller reported that ObamaCare will cancel 50,000 health insurance policies before November.

The article reports:

Another 14,000 people in Kentucky (mostly Humana customers) and 800 Moda customers in Alaska will receive cancellation letters by Oct. 1. Both states accepted three-year extensions of plans not compliant with Obamacare regulations, but top insurers are ending their plans early. It’s a financial boost for Obamacare exchange insurers (both Humana in Kentucky and Moda in Alaska offer exchange plans) to terminate their noncompliant plans.

This month, around 2,000 people will receive notices from Blue Cross Blue Shield of Tennessee. And Colorado officials admitted last month that another 2,000 customers would be losing their coverage this year, on top of almost 250,000 who had their policies cancelled in 2013.

I guess if you like you insurance plan, you don’t get to keep it. This should be a reminder to all Americans to vote out of office any politician who supported or voted for ObamaCare. We need the free market in our healthcare system. ObamaCare will not work.

Insurance Companies Are Businesses–They Have The Right To Make Money

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One of the things that seems to be missing in the comments by the few politicians who actually support ObamaCare is the understanding that insurance companies are businesses–their goal is to make a profit. If the rules of the game are such that the insurance companies cannot make a profit, they can easily choose not to participate in the marketplace involved. We are now seeing that dynamic in ObamaCare.

CNS News reported yesterday that Blue Cross, Aetna, United, and Humana, the major health insurance companies, will not be participating in the health-insurance exchanges in various states.

Aetna, an insurance company founded in Connecticut, has pulled out of the exchanges in Connecticut, Georgia and Maryland, saying that the limitations that would be imposed on them by those states would not allow them to make a profit. The company never planned to participate in the California exchanges, and will not be doing so. They are, after all, a private company in business to make a profit.

Senator Max Baucus recently stated about ObamaCare, “I just tell ya, I just see a huge train wreck coming down.” He is one of the Senators who supported ObamaCare when it was passed. I think he is right.

 

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