Sunday, November 08, 2015

Obamacare Premiums To Soar 3 Times Faster Than Feds Claim
Obamacare premium costs will soar 20.3 percent on average in 2016 instead of the 7.5 percent increase claimed by federal officials, according to an analysis by The Daily Caller News Foundation....

Did New York’s Obamacare Co-op Deliberately Mislead Regulators?
Insurance regulators said Friday the financial condition of Health Republic of New York, the largest of 23 health insurance co-ops established by a $2.4 billion Obamacare program, is “substantially worse than the company previously reported in its filings.”...

The Maggie Simpson delusion: the NHS is not ‘ours’
...Dear NHS worshippers, sorry to be a killjoy, but look, the NHS is not ‘yours’, and never has been. You have no control over it. You feel like you are in control when you spin your little toy wheel, but try steering the car in any direction other than the one where it is already heading, and see what happens. The ones who really drive the car are the political class and the medical establishment. ‘Democratic accountability’ is a mirage. All it really means is that healthcare managers answer to bureaucrats, who answer to other bureaucrats, who also answer to other bureaucrats, who, after some more detours, answer to some politician. That’s democratic accountability. Feel powerful now?

Accountability through the political system is about the weakest form of accountability one could imagine, and in healthcare it is even weaker than in other areas. We can go to the ballot box every five years or so, but we do not vote specifically on healthcare policies, we vote for jumbo policy packages of which healthcare is but a small part. More importantly, even if healthcare was the decisive issue for an election outcome, it would still only give us control over macro variables. We can vote for a party that credibly promises to deliver the kind of healthcare policy we support, but there is only so much of a connection between those system-level decisions and our actual experience of healthcare delivery on the ground....

ObamaCare premiums soar 60% in Mississippi
...The state already is near the bottom when it comes to the percentage of the subsidy-eligible individuals who are enrolled via — just 38%. Now Mississippi’s subsidized premiums are about to jump far more than any of the 36 other states using

For 30-year-olds in Yazoo City earning about $25,000 (214% of the poverty level), the after-subsidy cost of the cheapest bronze plan will spike by $554, or 60%, in 2016....

Feds Hide Secret List Of 11 Staggering Obamacare Insurers
Federal officials have a secret list of 11 Obamacare health insurance co-ops they fear are on the verge of failure, but they refuse to disclose them to the public or to Congress, a Daily Caller News Foundation investigation has learned.

Just in the last three weeks, five of the original 24 Obamacare co-ops announced plans to close, bringing the total of failures to eight barely two years after their launch with $2 billion in start-up capital from the taxpayers under the Affordable Care Act.

All 24 received 15-year loans in varying amounts to offer health insurance to poor and low income customers and provide publicly funded competition to private, for-profit insurers. The eight co-ops to announce closings served populations in ten states: Iowa, Nebraska, Kentucky, West Virginia, Louisiana, Nevada, Tennessee, Vermont, New York and Colorado.

Nearly half a million failing co-op customers will have to find new coverage in 2016. More than $900 million of the original $2 billion in loans has been lost....

ObamaCare is entering its dreaded 'death spiral'
The Obama administration is having trouble selling insurance plans to healthy people. That’s a big problem: When the young and healthy don’t enroll, premiums have to be hiked to cover the costs of older, sicker people, discouraging even more young people from signing up.

Last Thursday, the administration predicted enrollment for 2016 will be less than half what the Congressional Budget Office predicted in March.

Despite subsidies to help with premiums and out-of-pocket costs, most of the uninsured who are eligible for ObamaCare are saying “no thanks.” Only one in seven is expected to sign up. That’s despite a hefty increase in the financial penalty next year for not having insurance.

The president sees the writing on the wall. You won’t be seeing the customary nationwide TV campaign to encourage sign-ups, as there were in previous years. Remember the young guy in plaid pajamas — “Pajama Boy,” to conservatives — well, he won’t be back this winter.

Bad enough that healthy people aren’t buying. Worse is that the administration is spending billions of your tax dollars covering up the problem, paying insurers to keep offering the plans, even though they’re losing their shirts. But facts are facts — and there’s no hiding these.

Health and Human Services Secretary Sylvia Burwell predicts ObamaCare enrollment will inch up by 1 million or so, to 10 million people — half what the CBO forecasted. Open enrollment for the coming year, which begins Nov. 1, “is going to be a challenge,” she said....