"The Obamacare implosion is worse than you think"

[emilynghiem]

The next ObamaCare disasters | New York Post

....

Obama claimed Friday that 7.5 million people have enrolled in exchange coverage. In fact, perhaps 20 percent haven’t paid their first premium and therefore aren’t covered, according to estimates by RAND Corp. and Goldman Sachs.

The bigger question is how many will keep paying premiums. That’s got the American Medical Association, a chief ObamaCare booster, so worried that it’s sending warnings to its members.

Why the concern? First-time insurance purchasers, especially those living paycheck to paycheck, will be shocked by ObamaCare’s high deductibles, about $3,000 for the silver plan (the most commonly selected) and $5,000 for the bronze plan (the most affordable).

Basically, you’ll have to pay thousands out of pocket for appointments, tests and prescriptions until you reach your deductible.

Millennials who heard Obama say on “Between Two Ferns” that they can buy a health plan for the price of a cellphone contract won’t be laughing when they realize what the $5,000 deductible means. (It’s like a cellphone contract that makes you pay $5 a text for your first thousand texts.) Rather than pay thousands out of pocket for care while also paying premiums, some will quit paying premiums.

That’s why the AMA is worried. Section 1412 of the health law gives consumers a 90-day “grace period” before their subsidized plan is canceled for nonpayment. But insurers only have to keep paying doctors and hospitals for 30 days. The next 60 days of care are on the care provider. The AMA says “it could pose a significant financial risk for medical practices.”

....

Democrats should start saving up money to pay into an emergency fund, to "microlend" to people against these costs as a benefit for signing up for the sponsored health care. As people recover from medical crises and get back to work, they can pay back to help the next people on a revolving basis.

Instead of collecting and spending millions more on election campaigns, they need to pay for the commitments and services they already promised to their voting and participating constituents.

Obama believes in microlending, and his mother was instrumental in setting up the most successful model programs. This is his opportunity to lead his Party to set up microlending to replace welfare. The Republicans can do the same collecting back larger corporate reimbursement to taxpayers with all the money spent on corporate welfare on that side of the economic spectrum. We need to set up systems so whatever is lent out is paid back.

 

[william the wie]

The next ObamaCare disasters | New York Post

....

Obama claimed Friday that 7.5 million people have enrolled in exchange coverage. In fact, perhaps 20 percent haven’t paid their first premium and therefore aren’t covered, according to estimates by RAND Corp. and Goldman Sachs.

The bigger question is how many will keep paying premiums. That’s got the American Medical Association, a chief ObamaCare booster, so worried that it’s sending warnings to its members.

Why the concern? First-time insurance purchasers, especially those living paycheck to paycheck, will be shocked by ObamaCare’s high deductibles, about $3,000 for the silver plan (the most commonly selected) and $5,000 for the bronze plan (the most affordable).

Basically, you’ll have to pay thousands out of pocket for appointments, tests and prescriptions until you reach your deductible.

Millennials who heard Obama say on “Between Two Ferns” that they can buy a health plan for the price of a cellphone contract won’t be laughing when they realize what the $5,000 deductible means. (It’s like a cellphone contract that makes you pay $5 a text for your first thousand texts.) Rather than pay thousands out of pocket for care while also paying premiums, some will quit paying premiums.

That’s why the AMA is worried. Section 1412 of the health law gives consumers a 90-day “grace period” before their subsidized plan is canceled for nonpayment. But insurers only have to keep paying doctors and hospitals for 30 days. The next 60 days of care are on the care provider. The AMA says “it could pose a significant financial risk for medical practices.”

....

OOH Thinks for cluing me in on that one. Long non-exchange insurers?

 

[Greenbeard]

The next ObamaCare disasters | New York Post

....

Obama claimed Friday that 7.5 million people have enrolled in exchange coverage. In fact, perhaps 20 percent haven’t paid their first premium and therefore aren’t covered, according to estimates by RAND Corp. and Goldman Sachs.

The bigger question is how many will keep paying premiums. That’s got the American Medical Association, a chief ObamaCare booster, so worried that it’s sending warnings to its members.

Why the concern? First-time insurance purchasers, especially those living paycheck to paycheck, will be shocked by ObamaCare’s high deductibles, about $3,000 for the silver plan (the most commonly selected) and $5,000 for the bronze plan (the most affordable).

Basically, you’ll have to pay thousands out of pocket for appointments, tests and prescriptions until you reach your deductible.

Millennials who heard Obama say on “Between Two Ferns” that they can buy a health plan for the price of a cellphone contract won’t be laughing when they realize what the $5,000 deductible means. (It’s like a cellphone contract that makes you pay $5 a text for your first thousand texts.) Rather than pay thousands out of pocket for care while also paying premiums, some will quit paying premiums.

That’s why the AMA is worried. Section 1412 of the health law gives consumers a 90-day “grace period” before their subsidized plan is canceled for nonpayment. But insurers only have to keep paying doctors and hospitals for 30 days. The next 60 days of care are on the care provider. The AMA says “it could pose a significant financial risk for medical practices.”

....

You know there are cost-sharing subsidies, right?

 

[Antares]

The next ObamaCare disasters | New York Post

....

Obama claimed Friday that 7.5 million people have enrolled in exchange coverage. In fact, perhaps 20 percent haven’t paid their first premium and therefore aren’t covered, according to estimates by RAND Corp. and Goldman Sachs.

The bigger question is how many will keep paying premiums. That’s got the American Medical Association, a chief ObamaCare booster, so worried that it’s sending warnings to its members.

Why the concern? First-time insurance purchasers, especially those living paycheck to paycheck, will be shocked by ObamaCare’s high deductibles, about $3,000 for the silver plan (the most commonly selected) and $5,000 for the bronze plan (the most affordable).

Basically, you’ll have to pay thousands out of pocket for appointments, tests and prescriptions until you reach your deductible.

Millennials who heard Obama say on “Between Two Ferns” that they can buy a health plan for the price of a cellphone contract won’t be laughing when they realize what the $5,000 deductible means. (It’s like a cellphone contract that makes you pay $5 a text for your first thousand texts.) Rather than pay thousands out of pocket for care while also paying premiums, some will quit paying premiums.

That’s why the AMA is worried. Section 1412 of the health law gives consumers a 90-day “grace period” before their subsidized plan is canceled for nonpayment. But insurers only have to keep paying doctors and hospitals for 30 days. The next 60 days of care are on the care provider. The AMA says “it could pose a significant financial risk for medical practices.”

....

You know there are cost-sharing subsidies, right?

Surely the AMA knows that......but they also know that not everybody gets them....and even when they do they still can't always afford the premiums.

 

[william the wie]

Checking to see if old threads were still accessible.

 

[Amelia]

As Obama Claims ‘Victory,’ Alabama Widows To Lose Their Healthcare Coverage Due to ObamaCare

 

[Interpol]

As Obama Claims ‘Victory,’ Alabama Widows To Lose Their Healthcare Coverage Due to ObamaCare

So because the state refused to accept the Medicaid expansion, which would have covered those 24 women, it's Obama's fault?

Nice try.

 

[MeBelle]

As Obama Claims ‘Victory,’ Alabama Widows To Lose Their Healthcare Coverage Due to ObamaCare

So because the state refused to accept the Medicaid expansion, which would have covered those 24 women, it's Obama's fault?

Nice try.

Medicaid expansion had nothing to do with the widows whose husbands had worked for the county which had self insured for years.

The widows lost their healthcare coverage this year after the county was notified that these new rules would cause its health insurance program to cost an additional $25 million a year.

Yes, new rules (see above quote) changed the way the county self-managed their health care program for county employees.

$25M a year to insure 24 widows?
Does that make any sense to you?

Nice try....not

 

[MeBelle]

MSNBC has lost its mind
Video @ link
When MSNBC is This Hard on the White House for Cooking the ObamaCare Books, You Know Something’s Up


Well, That’s Convenient: Changes to Census Survey Will Make It More Difficult to Track ACA’s Impact
Well, That’s Convenient: Changes to Census Survey Will Make It More Difficult to Track ACA’s Impact
More @ link
~~~~
WASHINGTON — The Census Bureau, the authoritative source of health insurance data for more than three decades, is changing its annual survey so thoroughly that it will be difficult to measure the effects of President Obama’s health care law in the next report, due this fall, census officials said.

The changes are intended to improve the accuracy of the survey, being conducted this month in interviews with tens of thousands of households around the country. But the new questions are so different that the findings will not be comparable, the officials said.

An internal Census Bureau document said that the new questionnaire included a “total revision to health insurance questions” and, in a test last year, produced lower estimates of the uninsured. Thus, officials said, it will be difficult to say how much of any change is attributable to the Affordable Care Act and how much to the use of a new survey instrument.
http://www.nytimes.com/2014/04/16/u...ealth-law-effects.html?_r=2&assetType=nyt_now

“If you can’t dazzle them with brilliance, baffle them with bull…”

 

[Amelia]

As Obama Claims ‘Victory,’ Alabama Widows To Lose Their Healthcare Coverage Due to ObamaCare

So because the state refused to accept the Medicaid expansion, which would have covered those 24 women, it's Obama's fault?

Nice try.

Their spouses earned the insurance they had. Your and Obama's solution is to force them off the insurance they had -- what their spouse earned, what they liked, what they were familiar with and what they were promised they could keep -- onto government welfare roles where they would be subject to intrusions, restrictions and confusing regulations at a vulnerable time in their lives.

 

[william the wie]

I wonder what's so hard to understand about a federal program administered at the zipcode level is bound to fail?

 

[midcan5]

Bravo bravo bravo millions of Americans now have healthcare, meanwhile thousands die in republican states that have not extended medicare. Here's a state that's genuinely American can do, and genuinely Christian.




"If Nikki White had been a resident of any other rich country, she would be alive today."

"Around the time she graduated from college, Monique A. "Nikki" White contracted systemic lupus erythematosus; that's a serious disease, but one that modern medicine knows how to manage. If this bright, feisty, dazzling young woman had lived in, say, Japan - the world's second - richest nation - or Germany (third richest), or Britain, France, Italy, Spain, Canada, Sweden, etc., the health care systems there would have given her the standard treatment for lupus, and she could have lived a normal life span. But Nikki White was a citizen of the world's richest country, the United States of America. Once she was sick, she couldn't get health insurance. Like tens of millions of her fellow Americans, she had too much money to qualify for health care under welfare, but too little money to pay for the drugs and doctors she needed to stay alive. She spent the last months of her life frantically writing letters and filling out forms, pleading for help. When she died, Nikki White was thirty-two years old." From prologue of book linked below.

"On September 11, 2001, some three thousand Americans were killed by terrorists; our country has spent hundreds of billions of dollars to make sure it doesn't happen again. But that same year, and every year since then, some twenty thousand Americans died because they couldn't get health care. That doesn't happen in any other developed country. Hundreds of thousands of Americans go bankrupt every year because of medical bills. That doesn't happen in any other developed country either." T.R. Reid 'The Healing of America'


[ame=http://www.amazon.com/Healing-America-Global-Better-Cheaper/dp/B004KAB348/ref=sr_1_1?s=books&ie=UTF8]Amazon.com: The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care: T. R. Reid: Books[/ame]

 

[dblack]

It's a good day to be an insurance company. Or to own stock in one.

 

[Antares]

It's a good day to be an insurance company. Or to own stock in one.

No it isn't, the new business is heavily stacked with what is called "adverse risk".
The companies will be hemorrhaging money very soon.

But not to worry, the bail outs are built into the law....for awhile.

 

[MeBelle]

Bravo bravo bravo millions of Americans now have healthcare, meanwhile thousands die in republican states that have not extended medicare. Here's a state that's genuinely American can do, and genuinely Christian.

That would be Medicaid, not Medicare.

Ms White's story has little to do with today's situation.

...genuinely Christian

Also has nothing to do with Ms White's story. But thanks for attempting to bash Christians.

"Around the time she graduated from college, Monique A. "Nikki" White contracted systemic lupus erythematosus;

Ms. White became convinced through her own research that she had lupus long before she was diagnosed in 1994 at age 21.

*Bless your heart-this story has been debunked several times on USMB.

Once she was sick, she couldn't get health insurance.

How and when Monique "Nikki" White had health insurance:

1973-1999: Covered by parents' insurance from childhood until she leaves college

2000-2001: Covered by employer's insurance

2001-October 2003: Uninsured. Ms. White leaves her job because of illness and loses coverage. Unable to obtain individual private insurance, she eventually submits to mother's entreaties to apply for Medicaid.

October 2003-July 2005: Covered by TennCare, Tennessee's expanded Medicaid program until July 2005, when Ms. White is notified she is being cut because program is being curtailed. She appeals but anticipates rejection because she is no longer eligible.

August 2005-January 2006: Uninsured. She seeks federal Supplemental Security Income disability status, which usually makes Medicaid coverage automatic, but is initially denied. She later seeks private insurance.

February 2006-May 2006: Covered by BlueCross BlueShield of Tennessee. On March 31, Social Security certifies her as disabled, which restores her Medicaid eligibility.

~~~

2001-October 2003: Uninsured. Ms. White leaves her job because of illness and loses coverage. Unable to obtain individual private insurance
^^^flat out false^^^

COBRA was enacted in 1986.

After her diagnosis, Ms. White stopped dating. She dropped her ambition to be a doctor. After studying psychology in college, in 1999 she worked at a Barnes & Noble bookstore and then began at an Austin, Texas, hospital trauma unit evaluating patients before treatment. The hospital job came with health benefits.

In 2001, her lupus worsened, and Ms. White quit her job and moved back into a garage apartment next to her parents' home in Tennessee. She couldn't get private health insurance at any cost, her mother says. "I would have sold my house but she wouldn't hear of it," her mother recalls. "We would've depleted everything. We would've done everything it took to get her better."

Ms. White resisted her mother's pleas that she enroll in TennCare, the Tennessee version of Medicaid. In 1994, Tennessee had expanded its program beyond the federally mandated coverage of low-income children, pregnant women and the disabled -- broadening it to cover uninsured adults and those who found it difficult then to get private insurers because of pre-existing conditions. The young woman said she didn't want to be on welfare, her mother recalls. But she finally applied and was accepted in October 2003

Ms White's 'lack' of Health Insurance isn't why she died.
~~~

Happy Easter!!!

 

[Listening]

Bravo bravo bravo millions of Americans now have healthcare, meanwhile thousands die in republican states that have not extended medicare. Here's a state that's genuinely American can do, and genuinely Christian.

https://www.youtube.com/watch?v=uvOufbUM53g


"If Nikki White had been a resident of any other rich country, she would be alive today."

"Around the time she graduated from college, Monique A. "Nikki" White contracted systemic lupus erythematosus; that's a serious disease, but one that modern medicine knows how to manage. If this bright, feisty, dazzling young woman had lived in, say, Japan - the world's second - richest nation - or Germany (third richest), or Britain, France, Italy, Spain, Canada, Sweden, etc., the health care systems there would have given her the standard treatment for lupus, and she could have lived a normal life span. But Nikki White was a citizen of the world's richest country, the United States of America. Once she was sick, she couldn't get health insurance. Like tens of millions of her fellow Americans, she had too much money to qualify for health care under welfare, but too little money to pay for the drugs and doctors she needed to stay alive. She spent the last months of her life frantically writing letters and filling out forms, pleading for help. When she died, Nikki White was thirty-two years old." From prologue of book linked below.

"On September 11, 2001, some three thousand Americans were killed by terrorists; our country has spent hundreds of billions of dollars to make sure it doesn't happen again. But that same year, and every year since then, some twenty thousand Americans died because they couldn't get health care. That doesn't happen in any other developed country. Hundreds of thousands of Americans go bankrupt every year because of medical bills. That doesn't happen in any other developed country either." T.R. Reid 'The Healing of America'


Amazon.com: The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care: T. R. Reid: Books

So...the solution was to kick them off their existing plans and offer them plans they could not afford....so they went uninsured.

Got it.

 

[Meister]

Bravo bravo bravo millions of Americans now have healthcare, meanwhile thousands die in republican states that have not extended medicare. Here's a state that's genuinely American can do, and genuinely Christian.

https://www.youtube.com/watch?v=uvOufbUM53g


"If Nikki White had been a resident of any other rich country, she would be alive today."

"Around the time she graduated from college, Monique A. "Nikki" White contracted systemic lupus erythematosus; that's a serious disease, but one that modern medicine knows how to manage. If this bright, feisty, dazzling young woman had lived in, say, Japan - the world's second - richest nation - or Germany (third richest), or Britain, France, Italy, Spain, Canada, Sweden, etc., the health care systems there would have given her the standard treatment for lupus, and she could have lived a normal life span. But Nikki White was a citizen of the world's richest country, the United States of America. Once she was sick, she couldn't get health insurance. Like tens of millions of her fellow Americans, she had too much money to qualify for health care under welfare, but too little money to pay for the drugs and doctors she needed to stay alive. She spent the last months of her life frantically writing letters and filling out forms, pleading for help. When she died, Nikki White was thirty-two years old." From prologue of book linked below.

"On September 11, 2001, some three thousand Americans were killed by terrorists; our country has spent hundreds of billions of dollars to make sure it doesn't happen again. But that same year, and every year since then, some twenty thousand Americans died because they couldn't get health care. That doesn't happen in any other developed country. Hundreds of thousands of Americans go bankrupt every year because of medical bills. That doesn't happen in any other developed country either." T.R. Reid 'The Healing of America'


Amazon.com: The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care: T. R. Reid: Books

As long as you're going to embellish a yarn, why didn't you just say "millions", it would have had more impact.

 

[Listening]

Bravo bravo bravo millions of Americans now have healthcare, meanwhile thousands die in republican states that have not extended medicare. Here's a state that's genuinely American can do, and genuinely Christian.

https://www.youtube.com/watch?v=uvOufbUM53g


"If Nikki White had been a resident of any other rich country, she would be alive today."

"Around the time she graduated from college, Monique A. "Nikki" White contracted systemic lupus erythematosus; that's a serious disease, but one that modern medicine knows how to manage. If this bright, feisty, dazzling young woman had lived in, say, Japan - the world's second - richest nation - or Germany (third richest), or Britain, France, Italy, Spain, Canada, Sweden, etc., the health care systems there would have given her the standard treatment for lupus, and she could have lived a normal life span. But Nikki White was a citizen of the world's richest country, the United States of America. Once she was sick, she couldn't get health insurance. Like tens of millions of her fellow Americans, she had too much money to qualify for health care under welfare, but too little money to pay for the drugs and doctors she needed to stay alive. She spent the last months of her life frantically writing letters and filling out forms, pleading for help. When she died, Nikki White was thirty-two years old." From prologue of book linked below.

"On September 11, 2001, some three thousand Americans were killed by terrorists; our country has spent hundreds of billions of dollars to make sure it doesn't happen again. But that same year, and every year since then, some twenty thousand Americans died because they couldn't get health care. That doesn't happen in any other developed country. Hundreds of thousands of Americans go bankrupt every year because of medical bills. That doesn't happen in any other developed country either." T.R. Reid 'The Healing of America'


Amazon.com: The Healing of America: A Global Quest for Better, Cheaper, and Fairer Health Care: T. R. Reid: Books

As long as you're going to embellish a yarn, why didn't you just say "millions", it would have had more impact.

Once again we hear about people dying from lack of health care and yet the left can't produce them. This story is pure bullcrap and blaming it on the system is outright dishonesty.

The left keeps lying and trying.

 

[william the wie]

The deaths will be mostly in CA and possibly NH, the poster children of how not to run a medical system.

 

[asterism]

It's a good day to be an insurance company. Or to own stock in one.

It might be a good day to be an executive in an insurance company but it's a piss poor day to own one.

The risk models are off the charts bad - literally. Trillions of dollars are going to be lost when the dust settles. The only way the actuarial math works is if the government has an unlimited amount of money it can pay towards the risk corridors - and it doesn't. The government has enough money to kick the can down the road, which it will.

It was a really dumb move to destroy the individual major medical market just to provide subsidies to 3% of the population. The country spent more than the entire market cap of eHealth just to try and duplicate the exact same function. The experts in Washington have done the same with re-insurance.

The entire system is getting inundated with adverse selection. The clusterfuck is so bad that even a government hospital (Moffitt) was dropped by a premier Medicare Advantage vendor.