Obamacare "Death Spiral" Looms As Co-Op Losses Mount

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Offline Letsbereal

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Obamacare "Death Spiral" Looms As Co-Op Losses Mount
« on: April 08, 2016, 07:50:46 PM »
The Beginning Of The End For Obamacare: Largest US Health Insurer Exits Georgia, Arkanasas
8 April 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-04-08/beginning-end-obamacare-largest-us-health-insurer-exits-georgia-arkanasas

UnitedHealth Quitting Obamacare Markets in Georgia, Arkansas
8 April 2016
, by Zachary Tracer (Bloomberg)
http://www.bloomberg.com/news/articles/2016-04-08/unitedhealth-quitting-obamacare-markets-in-georgia-arkansas
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Offline windyacres

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This whole forced illegal healthcare "law" has got to go!
People really, really need to independently investigate the
"benefits" they're told they're getting, one important benefit
"Hospitalizations"  isn't covered under a lot of plans.   People
sign up thinking they're getting regular coverage only to find out
that lesser price does NOT include, hospitalizations, tests, labs, RX's
and a host of other coverages not included. 

I didn't see this thread until now, I posted an article from bloomberg
on the deathcare thread. 

It's all going like they wanted, planned on.   It's such a disaster people will
be screaming for a single payer and we all know how that will be, death-care
on steroids... 

For the guest readers, here's the link to the forum on death-care articles
and anecdotals, it's on it's 17th page, link is from page one.

http://forum.prisonplanet.com/index.php?topic=248202.0

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Offline Letsbereal

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Largest US Insurer UnitedHealth Quitting Obamacare Market In Michigan
« Reply #2 on: April 15, 2016, 11:09:23 PM »
UnitedHealth to Exit Michigan Obamacare Exchange, State Says
16 April 2016
, by Zachary Tracer (Bloomberg)
http://www.bloomberg.com/news/articles/2016-04-15/unitedhealth-to-exit-michigan-obamacare-exchange-state-says
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Offline windyacres

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I can't remember a giant health insurer that United Health just
acquired recently, but if you do a search it seems like United Health
is buying a lot of health care service providers in all different areas
and states.   They'll be one of the big "nationalized" 
 insurance players
once people scream for Uncle Fed care or take your pic of 1-3 only
health care insurers.    Good find, thanks for posting it.   I have to
wonder how many people had surgeries lined up soon that now can't
get them.   
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Offline windyacres

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Insurers warn losses from ObamaCare are unsustainable
 


Peter Sullivan
 04/15/16

Health insurance companies are amplifying their warnings about the financial sustainability of the ObamaCare marketplaces as they seek approval for premium increases next year.

Insurers say they are losing money on their ObamaCare plans at a rapid rate, and some have begun to talk about dropping out of the marketplaces altogether.

“Something has to give,” said Larry Levitt, an expert on the health law at the Kaiser Family Foundation. “Either insurers will drop out or insurers will raise premiums.”

While analysts expect the market to stabilize once premiums rise and more young, healthy people sign up, some observers have not ruled out the possibility of a collapse of the market, known in insurance parlance as a “death spiral.”

In the short term, there is a growing likelihood that insurers will push for substantial premium increases, creating a political problem for Democrats in an election year.

Insurers have been pounding the drum about problems with ObamaCare pricing.

The Blue Cross Blue Shield Association released a widely publicized report last month that said new enrollees under ObamaCare had 22 percent higher medical costs than people who received coverage from employers.

A report from McKinsey & Company found that in the individual market, which includes the ObamaCare marketplaces, insurers lost money in 41 states in 2014, and were only profitable in 9 states.

“We continue to have serious concerns about the sustainability of the public exchanges,” Mark Bertolini, the CEO of Aetna, said in February.

The Aetna CEO noted concerns about the “risk pool,” which refers to the balance of healthy and sick enrollees in a plan. The makeup of the ObamaCare risk pools has been sicker and costlier than insurers hoped.

The clearest remedy for the losses is for insurers to raise premiums, perhaps by large amounts — something Republicans have long warned would happen under the healthcare law, known as the Affordable Care Act (ACA).

“The industry is clearly setting the stage for bigger premium increases in 2017,” said Levitt of the Kaiser Family Foundation.

Insurers will begin filing their proposed premium increases for 2017 soon. State regulators will review those proposals, and then can either accept or reject them.

Michael Taggart, a consultant with S&P Dow Jones Indices, pointed to data from his firm showing per capita costs for insurers are spiking in the ObamaCare marketplaces.

“We made a significant change in the rules with the ACA and we're still working through the process to see how that market stabilizes,” Taggart said at a panel on Wednesday. “Is [a death spiral] a possibility? Sure it's a possibility. I wouldn't attempt to put a probability on it because I think there are a lot of things going on.”

One factor helping to prevent a death spiral is ObamaCare's tax credits, which cushion the impact of premium increases on consumers.

“What we're likely to see is more of a market correction than any kind of death spiral,” Levitt said. “There are enough people enrolled at this point that the market is sustainable. The premiums were just too low.”

Dr. Mandy Cohen, the chief operating officer of the Centers for Medicare and Medicaid Services (CMS), said in an interview that there is “absolutely not” a risk of a death spiral or collapse in the ObamaCare marketplaces.

While acknowledging that “companies are needing to adjust” to the new system, she pointed to the 12.7 million people who signed up this year, 5 million of whom were new customers, as a sign of success.

“What brings us the most confidence about the long term stability and health of the marketplace is its growth,” Cohen said.

Another risk, should regulators reject large premium increases, is that insurers could simply decide to cut their losses and drop off the exchanges altogether.

“Given that most carriers have experienced losses in the exchanges, often large losses, it only makes sense that most exchange insurers will request significant rate increases for 2017,” said Michael Adelberg, a former CMS official under President Obama and now a consultant at FaegreBD.

“Market exits are not out of the question if an insurer is looking at consecutive years of losses and regulators are unable to approve rates that get the insurer to break-even.”

The most prominent insurer eyeing the exits is UnitedHealth, which made waves in November by saying it was considering whether to leave ObamaCare in 2017 because of financial losses. The company last week announced that it is dropping its ObamaCare plans in Arkansas and Georgia, and more states could follow.

The Department of Health and Human Services argues that the attention on UnitedHealth is overblown, given that the insurer is actually a fairly small player in the marketplaces.

It’s more important to watch what happens with Blue Cross Blue Shield plans, which are the backbone of the ObamaCare marketplaces.

There have been some rumblings of discontent from Blue Cross plans. The plan in New Mexico already dropped off the marketplace there last year after it lost money and state regulators rejected a proposed 51.6 percent premium increase. Now, Blue Cross Blue Shield of North Carolina says that it might drop out of the marketplace because of its losses.

Blue Cross of North Carolina CEO Brad Wilson said in an interview that the company had lost $400 million due to its ObamaCare business.

“We're not alone and I think that that also is evidence to suggest that there are systemic and fundamental challenges that we all need to have a civilized conversation about,” Wilson said.

He said a key factor in the decision on whether to stay in the market next year will be whether regulators approve whatever premium increase the company ends up proposing so as to try to make up for its losses.

Asked about the risk of a death spiral, Wilson said he is not worried about that happening “tomorrow,” but has concerns if the situation does not change over time.

“There’s not going to be something magical happen that will cause this to turn around,” Wilson said. He is pressing for changes like further tightening up extra sign up periods that insurers say people use to game the system, and repealing the Health Insurance Tax, which could help lower premiums.

Dr. Cohen of CMS said that her agency is in close touch with insurers and Blue Cross Blue Shield of North Carolina in particular. But she pushed back on talk of Blue Cross of North Carolina dropping out of the marketplace, stating flatly that, “I have no concerns about them leaving the market.”

She referred to problems the company has had with its computer systems that have led to some people being enrolled in the wrong plan, along with other issues that have added to the company’s administrative costs.

“I know that they have struggled with some of their internal operations … but that is not related to anything to the health of the market itself or the risk pool,” Cohen said.

Overall, while the system set up by ObamaCare itself might be resilient, premium increases are sure to fuel Republican arguments that the law simply isn’t working.

“There's more political risk here than anything else,” Levitt said.


http://thehill.com/policy/healthcare/276366-insurers-warn-losses-from-obamacare-are-unsustainable

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Offline Letsbereal

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For Some States, UnitedHealth Exit From Obamacare Would Hurt
18 April 2016
, by Zachary Tracer (Bloomberg)
http://www.bloomberg.com/news/articles/2016-04-18/for-some-states-unitedhealth-exit-from-obamacare-would-hurt
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Offline Letsbereal

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Obamacare Exodus Accelerates: After Georgia And Arkansas, Biggest Health Insurer Exits Michigan And Oklahoma
18 April 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-04-18/obamacare-exodus-accelerates-after-georgia-and-arkansas-biggest-health-insurer-exits
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Offline windyacres

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Wow, now Oklahoma's bit the dust.  It's all
going accordingly to their plan, a One Payer System - plan.
The bleeding out stage has commenced.
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Offline Letsbereal

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UnitedHealth to Drop Out of All But a Few Obamacare States
« Reply #8 on: April 19, 2016, 08:02:27 PM »
UnitedHealth to Drop Out of All But a Few Obamacare States
19 April 2016
, by Zachary Tracer (Bloomberg)
http://www.bloomberg.com/news/articles/2016-04-19/unitedhealth-profit-beats-estimates-fueled-by-tech-unit-optum

Largest U.S. Health Insurer Is Done With Obamacare: UnitedHealth To Exit Most State Exchanges
19 April 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-04-19/largest-us-health-insurer-done-obamacare-unitedhealth-exit-most-state-exchanges
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Offline windyacres

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I bet by October 2016  when the open enrollment starts
United Health will opt out of  every state.    Article I read
today from AP news saying they're expecting losses this
year of $1 billion.   It's all by design, not only are people
going broke carrying expensive health insurance and the
insanely high deductibles , now insurers are going belly
up (12 out of 23 exchanges are gone now)  this will
just force more people soon into a single payer system.

And with that note, it's all about control.   Control your
health, AKA:  death care.
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Offline larsonstdoc

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I bet by October 2016  when the open enrollment starts
United Health will opt out of  every state.    Article I read
today from AP news saying they're expecting losses this
year of $1 billion.   It's all by design, not only are people
going broke carrying expensive health insurance and the
insanely high deductibles , now insurers are going belly
up (12 out of 23 exchanges are gone now)  this will
just force more people soon into a single payer system.

And with that note, it's all about control.   Control your
health, AKA:  death care.

  That was Obama's plan years ago.

     Pay off the insurance companies with the higher premiums.
     Watch them go under.
     Put everybody on the Medicaid/Medicare Programs---just like the Brits and Canadians.

I'M A DEPLORABLE KNUCKLEHEAD THAT SUPPORTS PRESIDENT TRUMP.  MAY GOD BLESS HIM AND KEEP HIM SAFE.

Offline larsonstdoc

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http://www.newsmax.com/Finance/StreetTalk/UnitedHealth-Obamacare-healthcare-ACA/2016/04/20/id/724976/?ns_mail_uid=98046579&ns_mail_job=1664721_04212016&s=al&dkt_nbr=yiajqfuu

Furchtgott-Roth: UnitedHealth's Exit May Spell Doom for Obamacare


UnitedHealth Group Inc., the biggest U.S. health insurer with more than 42 million medical customers, is withdrawing from most of its Obamacare exchanges next year and that could spell doom for President Obama’s hallmark health policy.

“Obamacare might collapse if the health insurance companies continue to withdraw from the exchanges,” writes Diana Furchtgott-Roth, a senior fellow and director of Economics21 at the Manhattan Institute. “Look at UnitedHealthcare as the canary in the coal mine, and expect more withdrawal announcements in the future.”
I'M A DEPLORABLE KNUCKLEHEAD THAT SUPPORTS PRESIDENT TRUMP.  MAY GOD BLESS HIM AND KEEP HIM SAFE.

Offline windyacres

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The Canary in the Coal Mine, yep and it's gasping for air.

With all my rants on the forced illegal zero-care health care
RX's do not go towards your deductible with many plans,
including ours.   And everyone knows how big pharma has
price jacked everything in the last 2+ years. 

All these closings of health insurers will financially hurt
so many more people especially if they end up in the Emergency Room.

It's one of the biggest screw jobs to the American public that I've seen
in my life!
Be Prepared

Offline Letsbereal

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Humana Echoes Obamacare Warning Following UnitedHealth Exits
« Reply #13 on: May 06, 2016, 05:02:58 PM »
Humana Echoes Obamacare Warning Following UnitedHealth Exits
5 May 2016
, by Zachary Tracer (Bloomberg)
http://www.bloomberg.com/news/articles/2016-05-05/humana-echoes-obamacare-warning-following-unitedhealth-exits


Topic Sticky now!
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Offline Letsbereal

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Obamacare Update: Insurance Premiums Set To Explode Higher In 2017
« Reply #14 on: May 10, 2016, 09:11:52 PM »
Obamacare Update: Insurance Premiums Set To Explode Higher In 2017
9 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-09/obamacare-update-insurance-premiums-set-explode-higher-2017
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Offline windyacres

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If the rates go way up, then the economy will be toast
as people can not afford to be financially squeezed anymore.
But then, that's the Master Plan.  For health insurance to be
so expensive everyone will want and scream for a single-payer
insurer AKA: Government insurance for all.   When that happens
people with money will flock to other countries  for procedures, etc.
and Medical Tourism will flourish. 

Be Prepared

Offline Letsbereal

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Major Court Ruling Against Obamacare, "Insurers Will Scream"
12 May 2016
, by Mish Shedlock - MishTalk (Zero Hedge)
http://www.zerohedge.com/news/2016-05-12/major-court-ruling-against-obamacare-insurers-will-scream

Excerpt:

Potential End of Obamacare

Many lawsuits were filed against Obamacare, some of them outright frivolous. This once could potentially stick.

Should the case go the the Supreme Court, it is conceivable a ruling might depend on who wins the presidential election this November.

Meanwhile there are going to be lots of skittish insurers with serious concerns. Already, many insurers are bleeding cash and dumping Obamacare.

This could mean the end of Obamacare, at least as we know it.
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Offline Letsbereal

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As Insurance Losses Mount So Do Refusals: "Sorry, We Don't Take Obamacare"
17 May 2016
, by Michael Shedlock - MishTalk (Zero Hedge)
http://www.zerohedge.com/news/2016-05-17/insurance-losses-mount-so-do-refusals-sorry-we-dont-take-obamacare
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Offline Letsbereal

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UnitedHealth Quits 27th Obamacare State as Insurer to Exit N.J.
« Reply #18 on: May 18, 2016, 09:11:20 PM »
UnitedHealth Quits 27th Obamacare State as Insurer to Exit N.J.
18 May 2016
, by Zachary Tracer (Bloomberg)
http://www.bloomberg.com/news/articles/2016-05-18/unitedhealth-quits-27th-obamacare-state-as-insurer-to-exit-n-j

Obamacare Rates Rise in New York, and So Does Political Risk
18 May 2016
, by Zachary Tracer (Bloomberg)
http://www.bloomberg.com/news/articles/2016-05-18/obamacare-plans-in-new-york-seek-to-raise-premiums-by-17-percent

- Health insurers ask to raise ACA premiums by 17.3% in 2017

- Opponents of the law have criticized affordability of plans
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Offline windyacres

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As Insurance Losses Mount So Do Refusals: "Sorry, We Don't Take Obamacare"
17 May 2016
, by Michael Shedlock - MishTalk (Zero Hedge)
http://www.zerohedge.com/news/2016-05-17/insurance-losses-mount-so-do-refusals-sorry-we-dont-take-obamacare

Pasting the article from a different URL -


Sorry, we don’t take Obamacare 


By Elisabeth Rosenthal
The New York Times
May 18, 2016


Amy Moses and her circle of self-employed small-business owners were supporters of President Barack Obama and the Affordable Care Act. They bought policies on the newly created New York state exchange. But when they called doctors and hospitals in Manhattan to schedule appointments, they were dismayed to be turned away again and again with a common refrain: “We don’t take Obamacare,” the umbrella epithet for the hundreds of plans offered through the president’s signature health legislation.

“Anyone who is on these plans knows it’s a two-tiered system,” said Moses, describing the emotional sting of those words to a successful entrepreneur.

“Anytime one of us needs a doctor,” she continued, “we send out an alert: ‘Does anyone have anyone on an exchange plan that does mammography or colonoscopy? Who takes our insurance?’ It’s really a problem.”

The goal of the Affordable Care Act, which took effect in 2013, was to provide insurance to tens of millions of uninsured or underinsured Americans, through online state and federal marketplaces offering an array of policies. By many measures, the law has been a success: The number of uninsured Americans has dropped by about half, with 20 million more people gaining coverage. It has also created a host of new policies for self-employed people like Moses, who previously had insurance but whose old plans were no longer offered.

Yet even as many beneficiaries acknowledge that they might not have insurance today without the law, there remains a strong undercurrent of discontent. Though their insurance cards look the same as everyone else’s — with names like Liberty and Freedom from insurers like Anthem or United Health — the plans are often very different from those provided to most Americans by their employers. Many say they feel as if they have become second-class patients.

This disappointment is fueling renewed interest in a “public option” that would supplement current offerings. That idea found support from both Sen. Bernie Sanders and Hillary Clinton as the Affordable Care Act was making its way through Congress. It was taken up again last week by Clinton, when she suggested allowing people 55 and older to buy into Medicare, the government-run insurance for people 65 and older, which is accepted by virtually all hospitals.

Some early studies of the impact of the Affordable Care Act plans are proving patients’ grumbling justified: Compared with the insurance that companies offer their employees, plans provide less coverage away from patients’ home states, require higher patient outlays for medicines and include a more limited number of doctors and hospitals, referred to as a narrow network policy. And while employers tend to offer their workers at least one plan that allows them coverage to visit doctors not in their network, patients buying insurance through ACA exchanges in some states do not have that option, even if they’re willing to pay higher premiums.

Many of the problems may well be the growing pains of a young, evolving system, which established only broad standards for ACA plans and allowed insurers — a large majority of them for-profit — considerable leeway in designing their exact offerings. The specific requirements and policing mechanisms vary by state, and are still works in progress.

Daniel Polsky, executive director of the Leonard Davis Institute of Health Economics at the University of Pennsylvania, is among the researchers who have been studying the law’s effects on patients’ access to care. “We hear lots of complaints, but we really don’t know the extent of the problem because there’s still very little data,” he said.

The legislation created four tiers of insurance — bronze, silver, gold and platinum. The different levels represent the amount of medical costs a patient could expect their insurance to contribute: 60, 70, 80 or 90 percent. But within each tier there are dozens of plan designs that give buyers the choice of different premiums, deductibles and networks of doctors, among other things. And the options are different in each state. The ACA’s target audience included both low-earning Americans — those too wealthy to qualify for Medicaid but too poor to afford commercial insurance — and those who could not buy insurance through an employer, either because they were self-employed or because their jobs for small companies didn’t offer coverage.

The research thus far suggests that the differences between plans offered through the ACA and those offered by employers may be quite significant. A study in the policy journal Health Affairs found that out-of-pocket prescription costs were twice as high in a typical silver plan — the most popular choice — as they were in the average employer offering. In research conducted with the Robert Wood Johnson Foundation, Polsky found that 41 percent of silver plans offered a “narrow or very narrow” selection of doctors, meaning at best 25 percent of physicians in an area were included. The consulting firm Avalere Health found that exchange plans had 42 percent fewer cancer and cardiac specialists, compared with employer-provided coverage.

Some of the problems may have been predictable. When designing the new plans, for-profit insurers naturally tended to exclude high-cost, high-end hospitals with whom they had little clout to negotiate discounts. That means, for example, that as of late last year none of the plans available in New York had Memorial Sloan Kettering Cancer Center in their network — an absence that would be unacceptable to many New York-based employers buying policies for their employees. Another issue is out-of-state coverage, which many ACA plans don’t offer aside from emergencies, and which is routinely offered in policies from companies — especially large ones — with workers in more than one state.

As a result, many parents who were excited that they would be able to keep their children on their policies until age 26 have discovered that this promise has gone unfulfilled. When Sara Hamilton of New York was shopping on the exchange for a plan to cover her and her two young-adult children — who live in distant states — she discovered that none of the plans covered doctor visits in those places.
And when Simon F. Haeder of the University of Wisconsin and his colleagues studied the plans sold on the California exchange, they found that they included 34 percent fewer hospitals than those sold on the open market and tended to exclude the priciest medical centers, like Cedars Sinai, a highly regarded hospital that runs the largest heart-transplant program in the country.

Plan size, of course, is not the only consideration. The research also showed that those limitations might not matter so much for patients’ health: The distance traveled and the quality of the providers was similar under both types of policies. He acknowledged, however, that California’s exchange, called Covered California, has higher standards for plans than others do, and those results may not be typical.
For certain patients, narrower networks can be attractive because they tend to have lower premiums. A recent analysis by the management consulting firm McKinsey & Co. found that premiums were 22 percent higher for plans with broad, as opposed to narrow, networks.

Meanwhile, as researchers continue to evaluate the pros and cons of new exchange plans, patients are discovering the pitfalls.

In 2013, Angie Purtell of Tega Cay, South Carolina, bought a gold plan offered by Coventry Health Care. When notified that the plan would double its monthly premium the following year, to nearly $1,000, she went shopping again on the state exchange and chose a Blue Cross silver plan for $500. It was branded “Choice.”

But when she tried to visit her longtime doctor using the new plan, she found she could not. The doctor’s practice, while in South Carolina, was not covered because it is affiliated with the Carolina Medical Center, a few miles over the border in Charlotte, North Carolina.

In order to make smart choices, patients need far clearer and more accurate information about the plans’ restrictions as well as which doctors and hospitals are in the network. Yet such information is rarely available, and early research suggests that only a fraction of the doctors listed in some directories are available to see new patients.

“Now that you have the ACA, we really need to talk about what is an adequate network,” Haeder said. “But we can’t really talk about that until we know that the listings are accurate, and they’re not.”
Across the country, lawmakers and regulators are refining the plans’ requirements to make sure they work better. And regulators are trying to mandate better information, provided in a more consumer-friendly format.

As of this year, the government requires all the plans listed on the national online exchange — used by 38 states — to provide accurate, up-to-date directories. But such directories are often hundreds of pages long, and there is little enforcement. Even the government advises consumers to double-check with their insurers.

The Centers for Medicare and Medicaid Services recently proposed that states develop quantitative requirements for adequate networks — how many specialists of a certain type, for example, are necessary in a specific geographic area. But after protests from insurers and some states, the agency settled — for now — on a more limited fix that allows states and insurers more time to address the problem.

Next year, the government will begin requiring insurers to label plans “standard” (an average number of doctors for an exchange plan) versus “broad” or “basic” for those offering more or less choice. A few states are enacting their own laws.

But health and consumer advocates say progress is too slow, often leaving patients in the dark as they struggle to buy and use the new plans. Even as conservatives in Congress and the presumptive Republican presidential nominee, Donald Trump, have vowed to repeal the ACA, many consumers just want the system to work better.

“I’m putting my energy into improving transparency and information,” Polsky said. “Otherwise, we’re headed to a poorly implemented strategy that just ticks people off.”


http://www.myajc.com/news/news/sorry-we-dont-take-obamacare/nrN44/



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Offline windyacres

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http://www.newsmax.com/Finance/StreetTalk/UnitedHealth-Obamacare-healthcare-ACA/2016/04/20/id/724976/?ns_mail_uid=98046579&ns_mail_job=1664721_04212016&s=al&dkt_nbr=yiajqfuu

Furchtgott-Roth: UnitedHealth's Exit May Spell Doom for Obamacare


UnitedHealth Group Inc., the biggest U.S. health insurer with more than 42 million medical customers, is withdrawing from most of its Obamacare exchanges next year and that could spell doom for President Obama’s hallmark health policy.

“Obamacare might collapse if the health insurance companies continue to withdraw from the exchanges,” writes Diana Furchtgott-Roth, a senior fellow and director of Economics21 at the Manhattan Institute. “Look at UnitedHealthcare as the canary in the coal mine, and expect more withdrawal announcements in the future.”

Let it crash and burn!
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Offline Letsbereal

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Re: Largest US Insurer UnitedHealth Quits 27th Obamacare State
« Reply #21 on: May 19, 2016, 03:01:40 PM »
Insurer Sues US Government For $223 Million In Obamacare Related Back Payments
19 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-19/insurer-sues-us-government-223-million-obamacare-related-back-payments
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Offline Letsbereal

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Small Business Owner Explains The Unintended Consequences Of Obamacare
« Reply #22 on: May 19, 2016, 10:31:07 PM »
Small Business Owner Explains The Unintended Consequences Of Obamacare
19 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-19/small-business-owner-explains-unintended-consequences-obamacare
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Offline Letsbereal

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Next Up For Exploding Health Insurance Premiums: New York
« Reply #23 on: May 25, 2016, 01:41:27 AM »
Next Up For Exploding Health Insurance Premiums: New York
24 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-24/next-exploding-health-insurance-premiums-new-york

ObamaCare Isn’t Working – These Five Charts Show Why
24 May 2016
, by Melissa Quinn - The Daily Signal (Zero Hedge)
http://www.zerohedge.com/news/2016-05-24/obamacare-isnt-working-these-five-charts-show-why
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Offline windyacres

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Re: Largest US Insurer UnitedHealth Quits 27th Obamacare State
« Reply #24 on: May 25, 2016, 01:50:08 AM »
In my stack of reading tonight, there's an article I need to find
and post here about in some states, insurers are dropping the
"Bronze Plan"  (it's the cheapest one to buy) and transferring
people into a "Silver Plan"  at a 70%  (seventy percent) increase
in the cost.

  Obama sticker shock: Price hikes are on the way

Is the name of the article, print out is from www.msn.com
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Offline Letsbereal

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Re: Largest US Insurer UnitedHealth Quits 27th Obamacare State
« Reply #25 on: May 26, 2016, 02:39:12 PM »
This Is How Much Your Health Insurance Payment Is About To Jump By
26 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-26/how-much-your-health-insurance-payment-about-jump
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Offline windyacres

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Re: Largest US Insurer UnitedHealth Quits 27th Obamacare State
« Reply #26 on: May 27, 2016, 04:12:16 AM »

This Is How Much Your Health Insurance Payment Is About To Jump By 

http://www.prisonplanet.com/this-is-how-much-your-health-insurance-payment-is-about-to-jump-by.html
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Offline windyacres

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Re: Largest US Insurer UnitedHealth Quits 27th Obamacare State
« Reply #27 on: May 27, 2016, 04:28:32 AM »
Thanks to the forced illegal health care "act"  our health insurance
through my husband's workplace I, we, no longer can shop
prescriptions (RX's) like the good old days where you walk a
prescription into a drug store, big or small, and get a price for it.

As it was explained to me by a large pharmacy, we (I) have to
call the insurance company and get a price, because pharmacies
don't know  the 

Contractual  Agreement Price

on any medicines.   

So, I call the insurance company up the other day... and verify this,
which turns out to be true.   I was transferred to the insurance companies
pharmacy dept.  I was calling on an RX for my husband.    The gal there
told me my HIPPA form had expired and she could not tell me.   Hubby
was not home to say, it's o.k. to talk to my wife...

After much nicey-nice-ness on my part, she then asked me what I do
for my husband.   Yeah, I had to say, well I take care of him when he's
sick, I schedule his refills, I nurse-maid him when he needs it and lah lah lah
and she was so captivated by my nicey-niceness she then agreed to talk
to me!! 

Yeah, so now I'm awaiting new HIPPA forms so I can inquire on my
husband's behalf and he can inquire on my behalf!!   For a price check
on freaking medicine!!!!!!

 Once I read the RX to her, and she was confident I was holding the
paper RX at home,  she then gave me every pharmacy's price that I
asked about.   All the big-box stores and I had to jot prices down.

It's all about CONTROL

It's really hard to be nicey-nice when you want to say WTF!!
(pardon my acronym) but it's all about control, your so called health care that is.

I highly recommend everyone practicing "Nicey-nice"  tone and upbeat
enthusiasm in their voice when dealing with the healthcare nazis!  It
paid off for me, and I hate being fake!
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Offline Letsbereal

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Re: Largest US Insurer UnitedHealth Quits 27th Obamacare State
« Reply #28 on: May 27, 2016, 06:16:06 PM »
Here's Why All Pension Funds Are Doomed, Doomed, Doomed
27 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-27/heres-why-all-pension-funds-are-doomed-doomed-doomed
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Offline Letsbereal

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Re: Largest US Insurer UnitedHealth Quits 27th Obamacare State
« Reply #29 on: May 31, 2016, 08:11:55 PM »
A New Problem Emerges For Hillary: Obamacare
31 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-31/new-problem-emerges-hillary


The Obamacare Cliff: Redistribution & The Disincentive To Work
31 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-31/obamacare-cliff-redistribution-disincentive-work
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Offline Letsbereal

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Re: Largest US Insurer UnitedHealth Quits 27th Obamacare State
« Reply #30 on: June 02, 2016, 04:40:04 AM »
Largest US Health Insurer Exits California, Illinois Obamacare Markets
31 May 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-05-31/largest-us-health-insurer-exits-california-illinois-obamacare-markets
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Offline Letsbereal

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Thanks Obamacare: Texas Health Insurance Costs Will Soar By 60%
« Reply #31 on: June 02, 2016, 06:35:16 PM »
Thanks Obamacare: Texas Health Insurance Costs Will Soar By 60%
2 June 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-06-02/texas-health-insurance-costs-soar-60-thanks-obamacare
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Offline Effie Trinket

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Re: Thanks Obamacare: Texas Health Insurance Costs Will Soar By 60%
« Reply #32 on: June 02, 2016, 06:48:39 PM »
Thanks Obamacare: Texas Health Insurance Costs Will Soar By 60%
2 June 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-06-02/texas-health-insurance-costs-soar-60-thanks-obamacare
Hmm, this can't possibly have anything to do with why TPTB want's everyone's guns...

Offline Letsbereal

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Re: Largest US Insurer UnitedHealth Quits 27th Obamacare State
« Reply #33 on: June 04, 2016, 04:45:23 PM »
13 Of 23 Co-Ops Created Under Obamacare Have Failed
3 June 2016
, by Tyler Durden (Zero Hedge)
http://www.zerohedge.com/news/2016-06-03/13-23-co-ops-created-under-obamacare-have-failed
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Offline Letsbereal

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It's Time To Blame Obamacare For Losing So Many Full-Time Jobs
« Reply #34 on: June 12, 2016, 06:36:46 PM »
It's Time To Blame Obamacare For Losing So Many Full-Time Jobs
11 June 2016
, by Edward Morrissey - The Fiscal Times (Zero Hedge)
http://www.zerohedge.com/news/2016-06-11/its-time-blame-obamacare-losing-so-many-full-time-jobs
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Offline Letsbereal

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Social Security, Medicare funds face insolvency over 20 years, report finds
22 June 2016
, by Nick Timiraos - Washington (MarketWatch)
http://www.marketwatch.com/story/social-security-medicare-funds-face-insolvency-over-20-years-report-finds-2016-06-22

A new forecast shows that Medicare’s hospital-insurance trust fund will be depleted in 2028, two years earlier than estimated last year, according to a government review released Wednesday.
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Offline Letsbereal

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Health Care Costs Are Rising Sharply, And It Will Get Much Worse
« Reply #36 on: June 29, 2016, 08:10:30 PM »
Health Care Costs Are Rising Sharply, And It Will Get Much Worse
29 June 2016
, by Mish Shedlock (Zero Hedge)
http://www.zerohedge.com/news/2016-06-29/health-care-costs-are-rising-sharply-and-it-will-get-much-worse

Scathing New Report Shows Just How Bankrupt Social Security Really Is
29 June 2016
, by Simon Black (Zero Hedge)
http://www.zerohedge.com/news/2016-06-29/scathing-new-report-shows-just-how-bankrupt-social-security-really
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Offline Letsbereal

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ObamaScare Looms - Health Insurers Are Looking For A Taxpayer Bailout
« Reply #37 on: June 30, 2016, 08:33:32 PM »
ObamaScare Looms - Health Insurers Are Looking For A Taxpayer Bailout
30 June 2016
, by Edward Morrissey - The Fiscal Times (Zero Hedge)
http://www.zerohedge.com/news/2016-06-30/obamascare-looms-health-insurers-are-looking-taxpayer-bailout
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Offline Letsbereal

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Re: Largest US Insurer UnitedHealth Quits 27th Obamacare State
« Reply #38 on: July 17, 2016, 02:13:41 PM »
Illinois Obamacare Co-Op Goes Bust Leaving Tens of Thousands At Risk
17 July 2016
, by Mike Krieger - Liberty Blitzkrieg (Zero Hedge)
http://www.zerohedge.com/news/2016-07-17/illinois-obamacare-co-op-goes-bust-leaving-tens-thousands-risk
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Offline windyacres

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Re: Largest US Insurer UnitedHealth Quits 27th Obamacare State
« Reply #39 on: July 22, 2016, 02:01:54 AM »
Humana To Leave Vast Majority Of Obamacare Markets After Massive Losses 


07/21/2016


Humana, one of the largest health care providers in the country, has made the decision to eventually leave the vast majority of the Obamacare markets. Out of the 23 Obamacare co-ops that were established only seven remain, virtually all of them under threat of folding by the end of this year.

Read more -

http://townhall.com/tipsheet/mattvespa/2016/07/21/humana-to-leave-obamacare-markets-after-massive-losses-n2195884

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