Is this how Obamacare unravels?
More than half of Obamacare's 23 approved healthcare cooperatives announced they were closing up shop because they were simply losing too much money.
The reality is that the risk corridor has been a disaster. Insurers have requested $2.87 billion to help cover excessive losses tied to Obamacare plans, but they'll be receiving just 12.6% of this amount, or $362 million -- a nearly $2.5 billion shortfall. This is why more than half of Obamacare's co-ops went belly up, and it could be another reason UnitedHealth Group has threatened to leave the Obamacare marketplace exchanges.
http://www.msn.com/en-us/money/healthca … li=BBnb7Kv
Is Obamacare (Affordable care Act) going to be around much longer or disappear due to rising costs?
What I find interesting is that conservatives fought tooth and nail against this and were characterized as neanderthalic (if that is a word) and insensitive. So much has backfired the way those insensitive folks described that why don't we hear about them being prophets?
In my market area, a number of people ages 60+ received notices that they cannot retire with full SS benefits until age 66 or 67. However, when they reached age 65, their insurance under Obamacare was cancelled without notice on the last date of their birthday month. Next, they received notices on Nov 30 that they had only until Dec 7 to apply for mandatory Medicare.
It seems that the ADA is not working for people ages 65 - 67 at this time. An overhaul seems needed.
Yes, that's how it works. You may not carry private insurance and have medicare at the same time, so it is canceled. At the same time, medicare becomes your "insurance carrier", with an option to purchase additional insurance to expand medicare. Everyone that turns 65 has it happen.
by Stacie L5 years ago
Obamacare will save Medicare $200 billion by 2016by Joan McCarterFollow The Centers for Medicare & Medicaid Services actuary reports: "We have achieved significant tangible savings that have been...
by Judy Specht22 months ago
I have been listening to how the government has a billion dollars for getting people to sign up for the Affordable Healthcare Act. Would that money have been better spent training more doctors and building new...
by Alexander A. Villarasa5 years ago
The Trojan horse that is Obama Care has slipped by the gates of American consciousness and has started to disgorge its abominbale contents into the grind that is our daily medical lives. Can we...
by Susan Reid4 years ago
If you are insured through your employer, the answer is no. If you are an individual or small business owner, please share your thoughts.Did you know there will be online health care insurance marketplaces...
by Charles Mark Walker4 years ago
Shouldn't there have been healthcare reform before Obamacare is implemented?Healthcare reform would mean looking into a countless number of things wrong with the system.Yet now we are getting a new insurance that there...
by American View6 years ago
I cannot wait to hear the responses on this one. A day after Obama was threatening how he will not pay the armed services, not pay Social Security, not fund Medicare, and more. "we do not have the money to pay...
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