ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

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ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby Bubbha » Thu Jun 25, 2015 23:11

In a 6-3 ruling, the US Supreme Court deems the nationwide subsidies in the Affordable Care Act to be legal.

http://edition.cnn.com/2015/06/25/polit ... index.html

One guess who the three dissenters were. Yup, the three-headed hell dog called ScAliTomas.
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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby maoman » Fri Jun 26, 2015 07:48

Bubbha wrote:In a 6-3 ruling, the US Supreme Court deems the nationwide subsidies in the Affordable Care Act to be legal.

http://edition.cnn.com/2015/06/25/polit ... index.html

One guess who the three dissenters were. Yup, the three-headed hell dog called ScAliTomas.

That's very good news. I really love the irony in how Obama's detractors derisively tagged the Affordable Care Act "Obamacare", and now it's going to be a positive reminder of his legacy for years to come. :thumbsup:
Be kind, for everyone is fighting a hard battle.

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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby ChinaCat » Fri Jun 26, 2015 10:03

maoman wrote:I really love the irony in how Obama's detractors derisively tagged the Affordable Care Act "Obamacare", and now it's going to be a positive reminder of his legacy for years to come. :thumbsup:


I think you need to re-think that.

Many people are not at all happy with 0bamaCare. Sure, more people are insured, but, it is anything but "Affordable".
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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby Bubbha » Fri Jun 26, 2015 11:43

I find it interesting that Scalia claims to be all about original intent, but he didn't care about the original intent of this law.

In any case, it's far more affordable than before. It's not perfect, and should eventually be replaced by a single-payer universal healthcare system like most of the civilized world has.
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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby ChinaCat » Mon Jun 29, 2015 00:35

Bubbha wrote:In any case, it's far more affordable than before.


:eh: :ponder:

On what do you base that assertion?
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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby ChinaCat » Tue Jul 07, 2015 07:00

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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby TainanCowboy » Thu Oct 15, 2015 06:39

Another 0bamaCare fail:

Another Obamacare Collapse: Kentucky Health Co-Op Goes Under
"In a new blow to Obamacare, the Kentucky Health Cooperative has decided not to offer health insurance plans for 2016.
The Kentucky co-op (Consumer Oriented and Operated Plan), a nonprofit health insurer created with federal taxpayer funds under Obamacare, announced its fold on Friday."

###
“Barely a week goes by that we don’t see another harmful consequence of this poorly conceived, badly executed law,” Senate Majority Leader Mitch McConnell, R-Ky., said in a statement. “Despite repeated Obama administration bailout attempts, this is the latest in a string of broken promises with real consequences for the people of Kentucky who may now be losing the health insurance they had and liked twice within the past three years because of Obamacare’s failures.”

And the failure of the ACA comtinues... :idunno:

And in other news:

Report: Insurers ‘Lost a Lot of Money’ Selling Obamacare Plans

Obamacare’s Largest Co-Op Collapses, Marking 4th Failure of the Year
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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby TainanCowboy » Wed Jan 20, 2016 16:18

As Obamacare...a.k.a. ACA, fades into the past, yet another confirmation of its fallacy leaps out:

Humana latest insurer to have big problems under ObamaCare
Watch the video at the link.

for the techie minded:

Docs shows security concerns, no 'authorization to operate' for ObamaCare website

Baaaah....it's just medical info. What can that hurt? :idunno: :ponder:
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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby TainanCowboy » Fri Mar 11, 2016 07:05

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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby TainanCowboy » Sat Mar 26, 2016 21:17

Hmmm...0byCare...the gift that keeps on fasiling.... :lol:

Image

http://dailysignal.com/2016/03/23/in-fi ... ovn9jDc%3D
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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby TainanCowboy » Wed Jul 27, 2016 20:23

ObamaCare, it just keeps on FAILING:

16 Obamacare Co-Ops Collapsed. Here’s How the Rest Are Faring.
"Since Obamacare’s rollout in the fall of 2013, 16 co-ops that launched with money from the federal government have collapsed.

The co-ops, or consumer operated and oriented plans, were started under the Affordable Care Act as a way to boost competition among insurers and expand the number of health insurance companies available to consumers living in rural areas.

Now, just seven co-ops—Wisconsin’s Common Ground Healthcare Cooperative; Maryland’s Evergreen Health Cooperative; Maine Community Health Options; Massachusetts’ Minuteman Health; Montana Health Cooperative; New Mexico Health Connections; and Health Republic Insurance of New Jersey—remain.

Despite the grim financial footing from previous years, health care experts agree that it’s likely some—though not all—co-ops may remain standing for at least a few more years.

“I definitely think there are some co-ops that have seemed to have relative success in the market,” Caroline Pearson, a senior vice president at Avalere Health, told The Daily Signal. “I think we will have some surviving co-ops a couple years from now, but I can’t promise we won’t have a handful more that may fail over time.”

But for the seven co-ops left to survive, Pearson warned they will have to increase the cost of their premiums, especially since many of the nonprofit insurers kept the costs down during the beginning years of Obamacare’s implementation to attract customers.

“The big issue for the co-ops is getting the pricing right,” she said. “They really need to make sure they’re accurately assessing the medical risk of the exchange enrollees and pricing in such a way they can cover those costs.”

“I think there was very aggressive pricing strategies by many carriers in the first few years of the exchanges to try to win enrollment, and that’s really resulted in big losses for most of them,” Pearson continued."


Image

"Struggling to Make Money

The Centers for Medicare and Medicaid Services awarded $2.4 billion to 23 co-ops that were eventually created. However, the majority of the co-ops struggled to turn a profit, resulting in the collapse of 16 of the original 23 that received $1.5 billion in startup and solvency loans.

Now, with just seven co-ops remaining, regulatory filings show that many ended 2015 in the red.

Maine Community Health Options ended up losing money in 2015 after having a successful 2014.

The Maine co-op was the only one to make money in 2014 and hit its enrollment targets. But by the end of 2015, Maine Community Health Options’ finances took a turn for the worse and the co-op lost $74 million.

Already, regulatory filings for the first three months of 2016 show Maine Community Health Options posting more than $8 million in losses.

Officials with Maine Community Health Options did not return The Daily Signal’s request for comment.

Pearson said the Maine co-ops’ early success can be attributed to the state’s insurance market.

“The advantage of Maine is it is a relatively noncompetitive, or less competitive market,” she said. “It makes it easier for co-ops to enter the market and win market share because there aren’t so many entrenched companies.”

Wisconsin’s co-op, Common Ground Healthcare Cooperative, initially exceeded its enrollment projections in both 2014 and 2015.

However, the co-op ended up losing $43.2 million last year, according to the Milwaukee Journal Sentinel.

For the first three months of 2016, Common Ground Healthcare Cooperative reported losses of $4.7 million, according to regulatory filings.

Thomas Miller, a resident fellow at the American Enterprise Institute who is an expert in health policy, said each of the seven remaining co-ops have “warning indicators” leading up to when, and if, they fail.

“As a general rule, this has already been the case with the ones that have failed to a large extent, usually the ones that grew the fastest and were the biggest were the ones that had the most problems,” he told The Daily Signal.

Miller specifically referenced the Health Republic of New Jersey, which made money in the first nine months of 2015, as an example of a co-op that grew quickly but shows warning signs of collapsing.

The co-op said it lost $17.6 million at the end of 2015 and is facing a $46.3 million payment to the government through the risk adjustment program, which was designed to spread risk among insurers.

To the contrary, Miller pointed to Maryland’s Evergreen Health and New Mexico Health Connections as two co-ops that could live on for a few more years.

“If you’re small, you can sometimes survive because the magnitude of your losses aren’t to the extent that the state insurance commissioner feels like, ‘Oh my gosh, this is really going to be bad for us and we really have to pull out before the open enrollment season,’” he said.

Still, Miller said it would be difficult for the co-ops that have been hemorrhaging money consistently over the years to recover.

“When they’re bleeding, they keep bleeding, and they continue bleeding, and at some point you have to cart them away,” he said.


Image

###
"But with the end of the reinsurance program coming at the end of the year, the additional infusion of cash to the co-ops will go with it.

“The risk corridor, everybody has sort of already written off,” Pearson said, “but the lack of reinsurance is a challenge, especially for small plans and again sort of underscores the need for a big rate bump.”

Still, Miller said even if the co-ops raise their premiums, it’s unlikely the remaining seven will be able to turn their businesses around.

“When you’ve got a terminal illness, it is going to catch up eventually. Whether some can go into remission or basically string it along for a stretch of time, we always get these periodic predictions that, ‘Oh, if we just have next year it’ll be different,’” he said. “There’s just not something on the horizon. There’s just not some other approach that seems viable as to how they get out of the box they’re already in.”
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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby TainanCowboy » Wed Jul 27, 2016 20:32

A somewhat shorter version:

The 16th Obamacare Co-Op Has Collapsed. Here’s How Much Each Failed Co-Op Got in Taxpayer-Funded Loans.
(excert)
"Just eight of the 23 co-ops that launched remain."


Socialists/progressives/Democrats just love to spend ther peoples' money...and still FAIL... :grin:
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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby TainanCowboy » Wed Aug 17, 2016 07:18

The folly of "0bamaCare" continues to be shown:
Implosion: Another Major Insurer Abandoning Most Obamacare Exchanges
(excert)
"In a blow to the healthcare law, Aetna — one of the largest health insurers in the country — announced Monday that it will significantly scale back its presence on the ObamaCare marketplaces next year. The move comes as a range of insurers have complained of financial losses on the ObamaCare marketplaces. The company said it will scale back from participating in 15 states this year to just four states in 2017. “As a strong supporter of public exchanges as a means to meet the needs of the uninsured, we regret having to make this decision,” Aetna CEO Mark Bertolini said in a statement, citing a loss of $200 million in the second quarter. The Obama administration argued the move is not a sign that the ObamaCare marketplaces are in trouble. The move comes on the heels of pullbacks from other major insurers, including UnitedHealthcare and Humana. The insurers have raised concerns about the sustainability of the ObamaCare marketplaces. The mix of ObamaCare enrollees has been smaller and sicker than expected. Some experts say that insurers also set their premiums too low. Premiums are expected to rise more sharply in 2017, which could help insurers address some of the losses. "

and remember this?:

Hillary Clinton In 2007: If You Like Your Plan, You Can Keep Your Plan
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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby TainanCowboy » Thu Dec 22, 2016 19:37

A part of the "Obama Legacy."

Unfortunately, it was never about health care.
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Re: ACA (Obamacare) upheld by SCOTUS in 6-3 ruling

Postby Toad » Fri Dec 23, 2016 02:44

TainanCowboy wrote:Unfortunately, it was never about health care.

Well, American HealthCare Inc. has never been about health care, has it? Pretty much since the first flimflam artist started selling snake oil from the back of his wagon, it's been about money.

There's a weird economic problem with medical treatment. Sick people will do almost anything to get well, which means they'll pay through the nose for even a smallish chance of success. That makes doctors, and the businesses that employ them or use them (eg., the pharma industry) extraordinarily powerful. An unintended and useful side-effect of publicly-funded healthcare systems is that they constrain that power. They also have a strong motivation (if not entirely strong enough) to prevent people getting sick in the first place, in an attempt to keep costs reasonable.

Normally I wouldn't argue in favour of such things, but even with the constraints of socialized medicine, doctors have a career that's as rewarding as any they might have in a (US-style) free market for medical services. Possibly better, since malpractice insurance doesn't soak up the bulk of their earnings (=the bulk of their clients' fees). Those systems are far from perfect - like all bureaucracies, they tend to attract talentless idiots who imagine they have management skills - but they're clearly better than what the US has now. Even Cuba, with it's no-compromises wingnut socialism, managed to maintain a pretty good medical system.

So the basic problem with Obamacare is that it's attempting to fund something that doesn't even exist: efficient, humane medical treatment. Instead, it's simply feeding the beast, and that's just not going to end well.

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