Obamacare & insurance companies.

RELH

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Iowa?s sole ObamaCare insurer to seek massive hike


In one of the biggest 2018 premium hikes sought to date, Iowa?s only ObamaCare insurer is looking for a 57 percent rate increase ? that's 13 percent more than they asked for just two months earlier.


It's a troubling trend that's been spreading across the country as jittery insurers stay stuck in a holding pattern waiting on Congress and the Trump administration to decide the fate of the Affordable Care Act.

President Trump has at different times encouraged lawmakers to let ObamaCare implode, pushed his party to repeal and replace the bill, admonished his own party for failing to do so and supported a repeal-only bill.

One of the president's biggest complaints about the ACA has been the trend of rising premiums in the insurance exchanges. But insurers have only accelerated that push in the face of Trump threats to cut off billions in federal funding meant to keep co-pays and deductibles down, coupled with congressional deadlock and market uncertainty over the repeal of ObamaCare.

In June, Iowa's Medica sent a letter to its customers explaining it was seeking a 43.5 percent rate hike, affecting about 14,000 Iowans. The company spelled out the steep premium increases but offered customers assurances that federal subsidies would shield most them from forking over thousands more a year.

Since then, however, Medica has revised the proposed hike to 57 percent ? citing once again uncertainties over federal health care subsidies.



?We remain hopeful the federal government will fund the cost-sharing reductions, but we are working with the Iowa Insurance Division to help consumers understand the implications of lack of this funding,? Geoff Bartsh, Medica vice president of individual and family business, said in a statement. ?We regret the disruption this creates for consumers.?

Last month, Trump tweeted his frustration at the Senate?s inability to pass legislation that would kill ObamaCare. Repealing and replacing the country?s health care law was an ?easy? promise Trump repeatedly made on the campaign trail.

?If a new HealthCare Bill is not approved quickly, BAILOUTS for Insurance Companies and BAILOUTS for Members of Congress will end very soon!? the president tweeted.
 
>
>Iowa?s sole ObamaCare insurer to seek
>massive hike
>
>
>In one of the biggest 2018
>premium hikes sought to date,
>Iowa?s only ObamaCare insurer is
>looking for a 57 percent
>rate increase ? that's 13
>percent more than they asked
>for just two months earlier.
>
>
>
>It's a troubling trend that's been
>spreading across the country as
>jittery insurers stay stuck in
>a holding pattern waiting on
>Congress and the Trump administration
>to decide the fate of
>the Affordable Care Act.
>
>President Trump has at different times
>encouraged lawmakers to let ObamaCare
>implode, pushed his party to
>repeal and replace the bill,
>admonished his own party for
>failing to do so and
>supported a repeal-only bill.
>
>One of the president's biggest complaints
>about the ACA has been
>the trend of rising premiums
>in the insurance exchanges. But
>insurers have only accelerated that
>push in the face of
>Trump threats to cut off
>billions in federal funding meant
>to keep co-pays and deductibles
>down, coupled with congressional deadlock
>and market uncertainty over the
>repeal of ObamaCare.
>
>In June, Iowa's Medica sent a
>letter to its customers explaining
>it was seeking a 43.5
>percent rate hike, affecting about
>14,000 Iowans. The company spelled
>out the steep premium increases
>but offered customers assurances that
>federal subsidies would shield most
>them from forking over thousands
>more a year.
>
>Since then, however, Medica has revised
>the proposed hike to 57
>percent ? citing once again
>uncertainties over federal health care
>subsidies.
>
>
>
>?We remain hopeful the federal government
>will fund the cost-sharing reductions,
>but we are working with
>the Iowa Insurance Division to
>help consumers understand the implications
>of lack of this funding,?
>Geoff Bartsh, Medica vice president
>of individual and family business,
>said in a statement. ?We
>regret the disruption this creates
>for consumers.?
>
>Last month, Trump tweeted his frustration
>at the Senate?s inability to
>pass legislation that would kill
>ObamaCare. Repealing and replacing the
>country?s health care law was
>an ?easy? promise Trump repeatedly
>made on the campaign trail.
>
>
>?If a new HealthCare Bill is
>not approved quickly, BAILOUTS for
>Insurance Companies and BAILOUTS for
>Members of Congress will end
>very soon!? the president tweeted.
>
Let it implode
 
Thank god Trump repealed and replaced it with " Fabulous " health care like he promised.


Right?



You own it and phuking it up only makes your possession even worse. enjoy.






Stay Thirsty My Friends
 
You will be alone in that opinion. Americans all know it was 100% democrat and they also know that the democrats and McStain stopped all attempts to make it better. It is on your head fool.
 
I don't know retard. why don't the republicans get the government 100% out of health care today? medicare and the whole chitmess make it go away.

Don't the republicant's control both houses and the whitehouse? give me your best excuse retard I'm waiting .



The republicans own Obamacare. they promised to make it go away and replace it with something " fabulous " for EVERYONE. if you're to stupid to see how that turd is in your pocket I cannot help you because you're as stupid as opiebuckscrewer.










Stay Thirsty My Friends
 
Still a little foggy from the half gallon last night are we? I will spell it out for ya genius. The establishment republicans are no different than the democrats. They are all about a big federal govt doing things they have no authority to do as well. Your bashing half of the same team dipphuk.

Let's answer a better question dipshyt. Why,if single payer is the obvious answer, did the democrats conjure up 20000 pages of shyt designed to fail that is the aca instead of implementing single payer? Had total control it should of been a slam dunk and clearly a bullet proof system. Do they not have the balls to do it outright without bankrupting the private system and then act like they saved us all and it was our only choice? Once we have it, it never goes away no matter how bad it sucks. Anything the govt runs turns to shyt quickly and healthcare will not be any different.
 
If centrally planned systems always suck and people are hurt when government runs things, how has medicare been able to cover the most expensive population segment in our country: the elderly and disabled? Why isn't there a push to get rid of Medicare?

Why is government run health care okay for these people but Obamacare is a disaster for everyone else? I have not seen or heard Trump or any single conservative in the House or Senate demand Medicare end. Why is that?

The reason that Democrats didn't pass a single payer is the same reason Republicans couldn't repeal and replace Obamacare: politics. The American people don't want to face the reality that there is an unlimited demand for health care services and a limited supply. They want to keep pretending that they can have access to everything but not pay the price for what that costs. When the American people ie the voters, don't really understand what drives the cost of health care and how our current system actually works, then the politicians aren't going to take any political risk to change it.

First off the subsidies that Trump is threatening to end is for the extra help portion of those who fall between 133% and 150% of the Federal poverty level. What nobody explains is that the carrier is obligated to continue to offer the same coverage at the same price even if the subsidy ends any time during the year. That would result in losses in the Billions and are a huge risk to every carrier in the exchanges. It would be like requiring your pension carrier to continue to make pension payment without supporting returns on investment, that isn't a viable option.

If you really what to diving into the weeds explain why the House Republicans have not continued to pursue their lawsuit over whether the subsidies are legal or not? Since it is now apparent the OCare law is now in place, why haven't house Republicans demanded that lawsuit proceed?

https://www.usnews.com/news/health-...-v-price-gop-moves-to-delay-obamacare-undoing

Of course the health insurance industry isn't lily white in the whole thing but the talking Yam is clueless on how to help, is inept in messaging and is ineffective in negotiating a better deal like he claimed he could. He can't make a deal with his own party.

Nemont
 
Nemont-do you think the mandate is a good thing? It fined two of my employees that make $50 grand around $2200 each and if they buy the insurance it will cost them more and have a $6000 deductible which means it is useless unless they suffer a catastrophic illness. How can it be good to fine lower wage workers if they choose not to buy a product from a private business? Roberts was dead wrong on that ruling. Obamacare is extortion of the middle class.
 
The mandate is a joke if they can pay $2,200 to avoid buying more expensive insurance. That really isn't a mandate it is a tax.

I have never said I like Obamacare, I said it is the law of land. Passed by congress, signed by the president, litigated by the USSC. I don't like many federal laws but I have to follow them because I think prison is worse.

Let me ask who pays for those employees of yours if either they or their family members get into a major accident or have a major health problem then need care for?

You cannot have a guaranteed issue regulatory requirement without some kind of system that either requires people to not be able to get insurance if they opted out or requires them to pay penalty opting out. If you can just buy insurance any time after the condition then that isn't really insurance. That is like buying insurance after your house burned down.

Explain how we can put the tooth paste back in the tube and go back to a none guaranteed issued market and reintroduce preexisting conditions?

No, the mandate sucks but the other alternatives are not cost free either.

Nemont
 
The same people that paid for the illegal next door and his wife to get $80000 in surgeries in one year. We pay it just like before the ACA. That is where Roberts was wrong. You can't tax people for not buying something. That is a fine or penalty. Maybe the democrats were smart and we will end up with Medicare for all but I hate to think of the cost of that plus there would be no insurance companies other than supplemental.
 
LAST EDITED ON Aug-21-17 AT 03:37PM (MST)[p]
fine but explain why there are no demands to end Medicare? What is magic about the government providing the insurance for those over 65 and the disabled? Why is that fine but if you are under age 65 and not disabled, it is terrible?

It would seem like either conservatives are hypocrites about this e or they are simply not intellectually honest about basic facts.

Do away with all government involvement in health insurance, including the tax free status of employer contribution. I would be just fine with that system but most who get their plans through their employer would whine like mashed cats. Just like tax expenditures are not considered real spending for many on here, getting a tax free health care benefit isn't considered a subsidy but it is.

Nemont
 

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