Obamacare update: between 1.4 and 2.5 million people will lose health care plans in 2017

Is Barack Obama focused on protecting the American people?
Is Barack Obama focused on protecting the American people?

Bloomberg reports on the latest triumph of Obama the health care expert.


A growing number of people in Obamacare are finding out their health insurance plans will disappear from the program next year, forcing them to find new coverage even as options shrink and prices rise.

At least 1.4 million people in 32 states will lose the Obamacare plan they have now, according to state officials contacted by Bloomberg. That’s largely caused by Aetna Inc., UnitedHealth Group Inc. and some state or regional insurers quitting the law’s markets for individual coverage.

Sign-ups for Obamacare coverage begin next month. Fallout from the quitting insurers has emerged as the latest threat to the law, which is also a major focal point in the U.S. presidential election.

While it’s not clear what all the consequences of the departing insurers will be, interviews with regulators and insurance customers suggest that plans will be fewer and more expensive, and may not include the same doctors and hospitals.

[…]Bloomberg contacted officials in all 50 states and Washington, D.C., and the 1.4 million-person estimate includes 32 states and only plans sold on the individual “exchange” markets. In Texas, Arizona, Georgia and Missouri, insurers have pulled out, but regulators couldn’t or wouldn’t say how many people are affected. Three states didn’t provide sufficient data. Eleven states, plus D.C., said they weren’t affected.

[…]The law requires all Americans to have insurance or pay a fine.

Everything is awesome, because a community with no achievements in life can re-write health care laws with pixie dust, and faith, and trust:

Maybe we should have let someone with experience in health care do the health care reform?
Maybe we should have let someone with experience in health care do the health care reform?

Other estimates of people losing their health care plans are much higher:

Nationwide estimates of the number of people losing their current plans are higher. For example, Charles Gaba, who tracks the law at ACASignups.net, estimates that 2 million to 2.5 million people in the U.S. will lose their current plans, compared with 2 million a year ago. Gaba’s estimate is based on insurance company membership data.

[…]For the people losing plans, there are fewer and fewer choices. One estimate by the Kaiser Family Foundation predicts that for at least 19 percent of the people in Obamacare’s individual market next year there will be only one insurer to choose from.

And when competition is killed by government regulations, consumers are left with fewer choices, driving up prices:

Obamacare premium growth, 2015-2016
Obamacare premium growth, 2015-2016

If you are hiring someone for a job, it doesn’t really make sense to pick someone who has confident words, but no achievements. That’s why employers ask you for a resume and references. Obama didn’t have any work experience, and he didn’t have any references.

A lot of young people believed Obama’s promises in 2008 and again in 2012:

You can keep your doctor! You can keep your health plan! All lies, spoken by an uneducated ignoramus who simply had no idea how business and economics works.

Should we pick a candidate based on our emotional response to his confidence?
Should we pick a candidate based on our emotional response to his confidence?

Obama was hired because a bunch of voters felt good when he confidently spoke about things he didn’t even understand. He read words off of a teleprompter, and that caused some people who are dominated by emotions to vote for him. And here we are in a mess. Next time, do your homework, America, and don’t let your emotions affect important decisions.

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