The Republican party has finally gotten exactly what they have been hoping for over the last five years: a favorable judicial ruling against the Affordable Care Act. But is Obamacare really in danger, or is this just another election year political ploy?
Conservatives Thursday cheered a ruling by a federal judge that the Obama administration was illegally paying out as much as $175 billion to finance Obamacare, with Republican National Committee Chairman Reince Priebus calling it “another rebuke by the courts to a president who has routinely flouted the Constitution.”
In a potentially precedent-setting maneuver, legislators are attempting to clear the way for undocumented immigrants to buy health insurance through Covered California, the state’s Obamacare exchange.
The fusion of illegal immigration and Obamacare, two of the most highly-charged elements on the periodic table of U.S. politics, could engender a combustible election year reaction.
Read more at The Daily Beast
Humana said it’s in the process of making several changes to turn the individual health insurance coverage it offers under the Affordable Care Act profitable, including leaving certain states.
If Humana follows through and departs several states, it would be the second major carrier to do so in recent weeks. UnitedHealth Group UNH -0.34% said last month it was scaling back to a “handful” of public exchange markets in 2017.
Millions of poor Americans have signed up for no-cost health insurance that they could have gotten even without the passage of Obamacare.
These Americans already were eligible for Medicaid, a government-funded program that provides medical coverage at little or no cost, but they didn’t sign up for it because they didn’t have to or because they didn’t realize they could.
In recent years, however, the publicity of Obamacare has driven them to sign up in droves, so much so that economists and health policy wonks have dubbed the phenomenon the “woodwork effect,” or the “welcome mat” population. This group turned out to be larger than anyone anticipated.
The last thing Democrats want to contend with just a week before the 2016 presidential election is an outcry over double-digit insurance hikes as millions of Americans begin signing up for Obamacare.
But that looks increasingly likely as health plans socked by Obamacare losses look to regain their financial footing by raising rates.