After withdrawals of major insurers from Obamacare exchanges, four states — Alaska, Alabama, Wyoming and Oklahoma — have confirmed they will have just one insurer under the healthcare program for 2017.
Regardless of political affiliation, Americans strongly support government action to control prescription drug costs, according to a poll released Thursday. As the 2016 presidential candidates continue to debate President Barack Obama’s 5-year-old law expanding coverage for the uninsured, the latest Kaiser Family Foundation survey suggests the public is shifting to other health care issues.
Obama visited healthcare hub Nashville, Tennessee on Wednesday to push state governments to expand the Medicaid health program for the poor. Obamacare envisions a major expansion of the program, but nearly half of all U.S. states, mostly Republican-controlled, have rejected that part of the law. The Tennessee legislature voted against an expansion in February, joining 21 other states in doing so.
It won’t do any good, we still can’t afford it and never could. Several state exchanges for Obamacare are running out of money, there’s no way to deny the facts. The reason, they didn’t sucker in as many as they thought they would, so now they are hurtin’ for cash. In an attempt to keep their heads above water, many exchanges are considering combining some of their operations with those of other states — a tactic that may prove as difficult as setting up the exchanges in the first place and that raises the specter of fully nationalized health insurance.
We are now finding out that ObamaCare shoppers in search of the lowest-cost plan may come down with a mild case of rate shock when 2015 exchange enrollment begins next month. Studying next year’s rate hikes in the biggest city in 15 states and Washington, D.C., reveals that the cost of the cheapest bronze plan will jump an average of 13.9% for 40-year-old non-smokers earning 225% of the poverty level ($26,260).
Even with the subsidies, the cost of Obamacare may be out of reach for many middle-class Americans, warns the Kaiser Family Foundation. We are now finding out that 3 million people who earn three to four times the federal poverty rate may have to pay up to 9.5 percent of their income toward health premiums before government subsidies kick in.
They just don’t get it, do they? Even with these tax credits, the premiums are still too high as is the deductible, and we dont’ get to keep the same doctors or hospitals.
Now retailers that employ low wage workers are coming up with ways around Obamacare, to help save money. Many will soon be cutting back working hours or paying the penalties rather than provide insurance through the rules set up by Obamacare.