Parts of the country are in jeopardy of not having an insurer offering Obamacare plans next year.
EDITOR’S NOTE: As Democrats wildly cheered the GOP failure to garner enough votes to repeal and replace Obamacare, a larger more uglier truth was emerging. Obamacare is failing badly, with whole regions of the country about to lose coverage altogether. If the Democrats really were smart, they would have IMMEDIATELY allowed the GOP plan to pass if for no other reason than to be relieved of the blame for Obamacare’s coming and complete implosion. Now, when it collapses, 100% of the blame will rest squarely and securely on Obama, Pelosi and the rest of the Democrats who forced it down our throats.
Many counties already have just one insurer offering health plans in the Obamacare marketplaces, and some of those solo insurers are showing signs that they are eyeing the exits.
Humana announced this year that they’d be leaving the markets altogether next year. That means there are parts of Tennessee that will have no insurance options unless another insurer decides to enter.
And Anthem, which operates in 14 states, is getting nervous, an industry analyst told Bloomberg News this week. Its departure would be a much bigger problem. According to an analysis of government data by Katherine Hempstead at the Robert Wood Johnson Foundation, Anthem is currently the only insurance carrier in nearly 300 counties, serving about a quarter of a million people.
How ObamaCare has been a financial failure:
An Anthem departure could leave coverage gaps in substantial parts of Georgia, Missouri, Kentucky, Ohio and Colorado, as well as smaller holes in other states. In places where no insurance company offers plans, there will be no way for Obamacare customers to use subsidies to buy health plans.
Without an option for affordable coverage, they would become exempt from the health law’s mandate to obtain coverage. A result could be large increases in the number of Americans without health insurance.
In Case You Hadn’t Noticed, Obamacare Is A Giant Failure:
The Affordable Care Act set up new markets for people who don’t get insurance through work or the government. About 11 million people bought coverage on those state markets last year. But the system depends on the voluntary participation of private insurance companies. And some parts of the country have proved more popular for insurers than others.
Democrats cheer GOP failure to replace Obamacare:
In the last year, several large commercial insurance companies decided to stop offering insurance in the markets. And some carriers that continued to offer Obamacare plans scaled back on the number of counties they served. In general, the places without much remaining insurance competition tend to be rural and expensive. (These areas tend to have fewer hospitals and doctors to choose from, reducing the ability of insurers to negotiate lower prices.)
There are a number of solo-carrier counties served by other companies, but none by as many as Anthem, Ms. Hempstead’s analysis shows. Cigna, the company with the next-largest potential impact, is the only carrier in 14 counties, containing about 100,000 insurance customers. source
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