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Tuesday, April 19, 2016

ObamaCare Continues It’s Death Spiral


More New Bad ObamaCare News 4-28-2016
Roanoke Times, Pg 1, 7: Significant health care cost hikes expected.  Insurance markets are still seeking stability heading into the fourth year under ObamaCare.
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Study confirms medical costs rising for post-ObamaCare patients – along with premiums
For Americans wondering why their health care premiums and deductibles are rising so dramatically, a new study by the Blue Cross Blue Shield Association provides some answers.
  • New enrollees received significantly more medical care, on average, than those with individual or employer-based plans.
  • New enrollees had more inpatient admissions, outpatient visits, prescriptions filled and emergency room visits.
  • Medical costs for new members were, on average, 19 percent higher than for employer-based members in 2014, and 22 percent higher last year. Average monthly medical spending for those newly enrolled members also rose at a higher rate in that period.


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    UnitedHealth pulls back on ObamaCare exchanges amid huge losses
    The nation’s largest health insurer, fearing massive financial losses, announced Tuesday that it plans to pull back from ObamaCare in a big way and cut its participation in the program’s insurance exchanges to just a handful of states next year – in the latest sign of instability in the marketplace under the law.

    UnitedHealth CEO Stephen Hemsley said the company expects losses from its exchange business to total more than $1 billion for this year and last.  

     The Kaiser Family Foundation, in an analysis on the prospect of United's exit, said “the effect on insurer competition could be significant in some markets – particularly in rural areas and southern states” if it is not replaced.
    In the most extreme scenario, “If United were to leave the exchange market overall, 1.8 million Marketplace enrollees would be left with two insurers, and another 1.1 million would be left with one insurer as a result of the withdrawal,” the analysis said.  
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    Josh Earnest, Obama’s media mouthpiece, says “not to worry -- everything’s just fine”!
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    Little wonder Obama got the “liar of the year” award over his commitments to the American People about ObamaCare.
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    Hillary Sends Chelsea To Lament ObamaCare

    ObamaCare Continues To Degrade Our HealthCare Systems
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