Three years into the Affordable Care Act, there remain places where many people still lack health insurance. But their share keeps shrinking.
The share of people without health insurance keeps falling.
Since 2013, when the major provisions of Obamacare went into effect, the uninsured rate has fallen in every state. And some states that you might not expect have led the way.
Read more at The New York Times
It is open enrollment season, the time of year when people can make changes to their benefits and health coverage. But as we reported last night, those who get their health insurance through the Affordable Care Act, are in for some sticker shock. Average premiums are rising sharply.
And as Bertha Coombs reports, that’s raising a lot of questions about the program.
BERTHA COOMBS, NIGHTLY BUSINESS REPORT CORRESPONDENT: Consumer shopping for Affordable Care Act will see premium increases that average about 25 percent for next year, according to the Health and Human Services Department. And nearly half a dozen states where consumers are now down to just one insurance choice, that increase could be even steeper.
In Arizona, where nearly all but one has just one insurer, rates will more than double for those who are buying without subsidies. It’s the result of insurers scaling back on exchange participation because of steep losses.
The Affordable Care Act isn’t all that affordable, it turns out. Less than two weeks before Election Day, Obamacare’s woes have become a weapon in the hands of Donald Trump and down-ticket Republicans. Hillary Clinton is left saying the problems are real, but fixable. Just tack on a public option, and Obamacare will be good as new.
If she is elected and pushes for a public option, in which individuals purchase a Medicare-like plan on state marketplaces, she could face another HillaryCare fiasco — not just because it won’t fly politically, but because it’s the wrong policy.
Four years ago, when President Obama predicted that the Affordable Care Act would result in lower health-insurance premiums, we gave him Three Pinocchios. The “Obamacare” law had not been fully implemented yet, but we reviewed nearly 10 reports from states across the country on the potential impact of the law and concluded the law’s provisions “will almost certainly increase premiums, though tax subsidies will help mitigate the impact for a little over half of the people in the exchanges.”
As we noted then, you can’t get something for nothing.
Read more at The Washington Post
Obamacare has been a “disaster” from the time it was enacted, and it was a “big lie,” GOP presidential nominee Donald Trump declared in a telephone interview with Fox News Tuesday morning, and Hillary Clinton wants to raise taxes to keep it going.
“This plan can’t work,” Trump told “America’s Newsroom” hosts Bill Hemmer and Martha MacCallum. “It was a big lie. That is how he got it passed. He said, ‘Keep your doctor, keep your plan’, turned out to be a lie. Said it 28 different times. It is terrible plan. It is disgrace we have to talk about, frankly.”
Premiums will go up sharply next year under President Barack Obama’s health care law, and many consumers will be down to just one insurer, the administration confirmed Monday. That will stoke another “Obamacare” controversy days before a presidential election.
Before taxpayer-provided subsidies, premiums for a midlevel benchmark plan will increase an average of 25 percent across the 39 states served by the federally run online market, according to a report from the Department of Health and Human Services. Some states will see much bigger jumps, others less.
The U.S. Health and Human Services Department estimates that 1 million more people will sign up for health insurance on the Obamacare exchanges for 2017 compared with 2016, a department official told reporters on Wednesday.
President Barack Obama’s Affordable Care Act, often called Obamacare, created online exchanges where consumers can shop for individual health insurance and receive income-based subsidies. The exchanges opened in 2014 with insurance for sale by major companies including Aetna Inc and Anthem Inc. But enrollment has been about half of what was initially expected and some large insurers this year have said they were losing too much money on the exchanges because of that and the fact that enrollees are older and sicker than expected. Aetna and UnitedHealth Group have largely pulled out of the exchanges for 2017.
ObamaCare is collapsing. Its utter failures become more obvious by the day.
We all remember the promises of ObamaCare, chief among them that the “Affordable Care Act” would lower health care costs. The opposite has occurred.
In his 2008 campaign for president, then-candidate Sen. Barack Obama repeatedly promised to cut annual health insurance premiums by $2,500. When he took office in 2009, annual family premiums for employer-provided coverage, the most common of private insurance coverage, cost $13,375 according to Kaiser. In 2016, those premiums are $18,142. That’s an increase of $4,767.
The subsidies Obamacare provides to help people pay for coverage, and the penalties for those who remain uninsured, have not coaxed enough young, healthy people into the insurance marketplaces it created. So the pool of customers in some parts of the country is too sick and too small.
When a furor erupted over the rapidly rising price of EpiPens this summer, the drugmaker Mylan offered a solution: a coupon for the expensive drug.
People who need the EpiPens to protect themselves from life-threatening allergic reactions could use the coupon to get up to $300 off at the pharmacy counter if their insurance plan has a deductible or a co-payment.
It is a good deal for those people. But these seemingly generous coupons may be making drug costs higher for everyone.