caribny posted:Kari posted:.
The Obamacare Premium increases will come from largely those insurance companies on the Exchanges in Republican-controlled States
The premium increases have nothing to do with whether GOP states took Medicaid money or not. They reflect the fact that Obamacare doesn't address the issue of soaring healthcare costs and so premiums must be increased so that the insurance companies remain solvent.
In NYS the only health insurance companies left in the Exchange are crummy companies like Metroplus and other Medicaid mills which have very small networks. NYS was one of the most compliant states with Obamacare, so why have reputable companies like Empire, Oxford and Aetna left the exchange? They lost money that is why. Premiums received were less than claims paid.
The health insurance available on the exchange is substandard.
Caribny, you have to let your audience know that while both per capita and aggregate spending on health care premium and services and drugs delivery have not gone on a decline, their rate of increase has slowed. Yes, the approach with Obamacare is not what you'd like given the realities of demand and supply and the need for incentives to innovate - the profit motive. It is however, a step in the direction of moving away from what we had prior to 2010. It needs fixing and a bipartisan approach.