ACA (Obamacare) updates for 2014

FYI interesting article on Colorado Coop.

howTF do you lose $17M in 2 quarters and stay in business, and then cut prices 10% more the next year.

Five gold stars for the first correct guess......

www.denverpost.com/news/ci_26951624/colo...built-shake-up-state

Haven't updated this turd in a while, more non-surprises all the time.

The insurer will stop offering policies on the exchanges in 11 of the 15 states where it currently operates, according to a press release it issued Monday evening. Aetna (AET) will only sell Obamacare products in Delaware, Iowa, Nebraska and Virginia.



Aetna said earlier this month that it was halting its exchange expansion plans for 2017 and reviewing its participation in President Obama's signature health reform program. The company noted Monday that it has lost $430 million in its individual policies unit since the exchanges opened in January 2014.

Aetna, which had 838,000 exchange customers at the end of June, said its policyholders are turning out to be sicker and costlier than expected. The company, along with its peers, has criticized the federal program designed to mitigate those risks.

"Providing affordable, high-quality health care options to consumers is not possible without a balanced risk pool," said Aetna CEO Mark Bertolini.

money.cnn.com/2016/08/15/news/economy/aetna-obamacare/

Rick wrote: Haven't updated this turd in a while, more non-surprises all the time.

The insurer will stop offering policies on the exchanges in 11 of the 15 states where it currently operates, according to a press release it issued Monday evening. Aetna (AET) will only sell Obamacare products in Delaware, Iowa, Nebraska and Virginia.



Aetna said earlier this month that it was halting its exchange expansion plans for 2017 and reviewing its participation in President Obama's signature health reform program. The company noted Monday that it has lost $430 million in its individual policies unit since the exchanges opened in January 2014.

Aetna, which had 838,000 exchange customers at the end of June, said its policyholders are turning out to be sicker and costlier than expected. The company, along with its peers, has criticized the federal program designed to mitigate those risks.

"Providing affordable, high-quality health care options to consumers is not possible without a balanced risk pool," said Aetna CEO Mark Bertolini.

money.cnn.com/2016/08/15/news/economy/aetna-obamacare/

This is purely a petty response to Aenta's merger with Humana was blocked by the DOJ for concerns over that the merger would allow the new combined company to be able to have monopolistic control over the market. Nothing more....

www.businessinsider.com/aetna-humana-mer...ing-obamacare-2016-8

Time to bring this topic out of the closet. In Colorado a 20%, on average, increase in insurance premiums will happen, more in many other states. A concomitant increase in the deductible will also occur. Succinctly, people will put off medical care because of the cost.
For example, that black pigmented lesion on one's arm needs to be biopsied (Malignant melanoma is ignored at your peril).
There will be a concomitant increase in the use of ER facilities and much more serious problems will have to be addressed( that black pigmented lesion has now metastasized) rather than having been caught earlier.
The increase in expense will be far greater than forecast.
Contrary to what has been reported, alternatives to Obamacare have been proposed (see H.R. 3121 and H.R. 2300 to mention but two).
Should Clinton be elected and push for single payer as she has stated, be prepared for much longer wait times for care and the denial of appropriate care and few if any practicing physicians in our mountain community.

ramage wrote: Time to bring this topic out of the closet. In Colorado a 20%, on average, increase in insurance premiums will happen, more in many other states. A concomitant increase in the deductible will also occur. Succinctly, people will put off medical care because of the cost.
For example, that black pigmented lesion on one's arm needs to be biopsied (Malignant melanoma is ignored at your peril).
There will be a concomitant increase in the use of ER facilities and much more serious problems will have to be addressed( that black pigmented lesion has now metastasized) rather than having been caught earlier.
The increase in expense will be far greater than forecast.
Contrary to what has been reported, alternatives to Obamacare have been proposed (see H.R. 3121 and H.R. 2300 to mention but two).
Should Clinton be elected and push for single payer as she has stated, be prepared for much longer wait times for care and the denial of appropriate care and few if any practicing physicians in our mountain community.

What you say is 100% accurate, just like most of us non-Obama drones were saying from the beginning that the math wouldn't add up and this clusterf$ck would end up imploding. We all know the ACA was built on lies in order to force more government control down our throats (even Dems had to know it was a lie) and now we are all supposed to be relieved when the government blames insurance companies and then rides in with the universal "fix". I will be curious to find out who the Dems blame when the universal fix gives us the same kind of results as the VA only on a much larger scale.

How many people here in the 285 Corridor fit this description from Bloomberg Politics, Nov 4, 2016.

Michelle Harris, a 61-year-old retired waitress in northwest Montana, has arthritis in both shoulders. She gets a tax subsidy to help buy coverage under Obamacare, though she still pays $338 a month for the BlueCross BlueShield plan. Yet with its $4,500 deductible, she says she’s doing everything she can to avoid seeing a doctor. Instead, she uses ibuprofen and cold-packs.
“It hurts, but we don’t have that kind of money,” Harris said in an interview. “So I deal with it.”
Harris is one of many people with Obamacare plans that feature high out-of-pocket costs that can put health services out of reach. That’s because the insurance coverage Harris and others like her have purchased is designed not to kick in until patients have spent thousands of dollars.