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Showing Original Post only (View all)The insurance companies are pulling out of ACA as they are losing lots of money. Don't blame them [View all]
for raising premiums.
http://www.wsj.com/articles/insurers-losses-deepened-on-aca-plans-in-2015-1463356176
Many insurers have lost money on the Affordable Care Act plans they sell to consumers. A new analysis shows how much those losses deepened in 2015, the second year of the laws signature exchanges.
https://www.washingtonpost.com/news/wonk/wp/2016/04/19/unitedhealth-group-to-exit-obamacare-exchanges-in-all-but-a-handful-of-states/
UnitedHealth Group, the nation's largest health insurer, said Tuesday that in 2017 it will exit most of the 34 states where it offers plans on the Affordable Care Act insurance exchanges.
Ultimately it boils down to:
(1) young healthy millennials are not signing up enough to offset the sicker older patients
(2) lots of people are gaming the system (paying premiums only when they need treatment, stopping after) and abusing the life events.
(3) Medical costs of those who use medical treatments have been higher than expected
At the end of the day, premiums collected have to cover medical costs incurred. Hence either (1) premiums increase on everybody (2) more people pay in (restricting enrollment outside the open enrollment period, increasing the tax/penalty) (3) more cost-shifting to those who are using medical treatments (deductibles, co-pays, coinsurance etc.).
This is maths and reality.
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The insurance companies are pulling out of ACA as they are losing lots of money. Don't blame them [View all]
hill2016
May 2016
OP
Screw the insurance companies, they've screwed the people long enough anyway. If they are
shraby
May 2016
#3
Which states are some of them exiting from? My suspicion is those states that never expanded
still_one
May 2016
#10
Medicare for All is the only answer. A strong public option would have lead to it naturally.
merrily
May 2016
#26
Won't happen. Not under Clinton and all her 1 percent Insurance company CEO buddies. n/t
leeroysphitz
May 2016
#32