Politics
Out of context: Reply #23401
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- whatthefunk1
I'm a former healthcare insurance CEO — here's why the Obamacare 'Repeal and Replace' won't work
...when the time came to pay up for risk reduction in the Obamacare exchanges, Congress reneged and paid only 12 percent of what was owed to the insurers. So, on top of the fact that the companies had to bear the risk of unknown costs and utilization in the start-up years, which turned out to be higher than they expected, insurers had to absorb legislative uncertainty of whether the rules would be rewritten.
It is no wonder that this year they have dramatically increased premiums, averaging 20 percent, to compensate for the extra risk they didn’t factor into the original lower rates. In contrast, underlying health costs are rising at about 5 percent.
- They won't repeal but make plans to redo.robotron3k
- Yes, we know robo. Trump lied about that too. Your point is?monospaced
- They are going to vote to repeal it probably within the next couple days with no real plan to replace.yuekit
- too much insurance and middlemen is the problem with healthcare costs. so so simple********
- @deathboy maybe you should share your so so simple ideas with lawmakers and the industry instead of keeping the solution to yourself! SELFISH!********
- Someone forgot to read the entire article.utopian
- Congress did not honor the deal. But when the time came to pay up for risk reduction in the Obamacare exchanges, Congress reneged and paid only 12 percentutopian
- @nb. they have the info. but they have no intention of lowering costs or making service better. those were 2 things they stayed away from mentionin on obamacare********
- unless it was at costs for few after subsidization only and not mentioning total costs or cost controls. just have to understand gov creates most problems********
- I think one big catalyst was wage restrictions when rationing for war help spur the idea of offering insurance. And a big second medicare/medicaid in 60s********