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Can Clinton save ‘Obamacare’ from its mounting problems?
The health-care law has been a political lightning rod from the beginning, and Republican legislators have used insurance companies’ withdrawals from the exchanges to reignite calls for the law’s repeal.
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If Democrat Hillary Clinton wins the White House, expect her to mount a rescue effort.
Kathleen Sebelius (seh-BEEL’-yuhs) Obama’s first health secretary acknowledges there are problems with the law’s insurance markets, but she says it’s no death knell.
Sixteen of the 23 health insurance cooperatives started with billions in loans from the federal government have collapsed, including CoOpportunity Health, which operated in Nebraska.
At the same time, retrenchment by insurers that have lost hundreds of millions of dollars means that more areas will become one-insurer markets, losing the benefits of competition. “People buying on Obamacare exchanges will have only one insurer to choose from in five states next year: Alabama, Alaska, Oklahoma, South Carolina and Wyoming, according to the Kaiser Family Foundation”. Insurers blame the problems on sicker-than-expected customers, disappointing enrollment and a premium stabilization system that failed to work as advertised. What is more important, most of the 11 million people covered through HealthCare.gov and its state-run counterparts will be cushioned from premium increases by government subsidies that rise with the cost.
Saur’s tax penalty for being uninsured was a bit more than $600 past year, while the cheapest health plan she examined cost about as much for three months in premiums – and came with a $7,000 deductible.
The law requires every American to get health coverage or pay a penalty, but the penalty hasn’t been high enough to persuade many Americans to buy into the health plans.
When Tennesseans woke up on Wednesday morning and opened up our state’s largest paper, the front page headline read ‘Very Near Collapse’. That includes Pennsylvania, where Highmark Blue Cross Blue Shield wants to hike average premiums by more than 40 percent.
The Charlotte Observer pointed out that doing business with the government has gotten especially good since the Affordable Care Act came along, thanks largely to the ACA’s expansion of Medicaid in most states. But Democrats could not get a public option through Congress even when they had undisputed control.
While a new national insurance program seems a long shot, Obama’s law allows states to experiment.
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Health Issues:: Print this ArticleCONSUMERS IN 17 STATES TO FACE DOUBLE-DIGIT RATE HIKES IN 2017 UNDER OBAMACARE 08-27-2016 3:31 am – Melissa Quinn – The Daily Signal Consumers in 19 states will see increases to their health insurance rates, most in the double digits, for 2017, according to publicly available data filed with state insurance regulators.