The Most Equal Comrade has built quite a legacy.The insurance industry must be kicking itself for backing ObamaCare. Several have since posted big losses and it looks like Blue Cross Blue Shield got the losing end of the stick, too.Fitch Ratings looked at nearly three dozen BCBS companies and found that 23 saw a decline in earnings that totaled $1.9 billion in the first nine months of last year, while 16 had net losses.Blue Cross Blue Shield of Michigan lost $622 million from January through September last year. Blue Cross plans in Texas, Oklahoma, New Mexico and Montana lost $442 billion. And those in Pennsylvania, Delaware and West Virginia lost $266 million.The reason is ObamaCare.Or as Fitch puts it: “Cost and utilization trends from state insurance exchanges from the Affordable Care Act have been higher than anticipated and are the primary drivers of declining earnings.”This is a big deal, given that Blue Cross plans are often the largest provider of individual insurance policies in any given market. The Blue Cross plan in Michigan has more than a third of the exchange market, in Delaware it’s more than 80%, and it is almost 90% in North Carolina.Given their size, these insurers should have had the broadest and most stable insurance pools in ObamaCare. What they found instead was that the young and healthy are avoiding ObamaCare’s overpriced insurance. If the Blues are struggling, how likely is it that the smaller insurers can succeed?Many of the Blues sharply increased premiums this year, which Fitch says should improve earnings. Plus, the administration is planning to dole out $7.7 billion in “transitional reinsurance” money, which it hopes will keep insurers in the ObamaCare game at least one more year. They also backpedaled on requiring insurers to have a reasonable network of providers in their plans out of fear that those rules would only fuel more premium inflation.The law isn’t getting any more popular with the public, either. An AP poll found that just 26% say they support the law, vs. 42% who oppose it. And a separate survey by NPR and the Robert Wood Johnson Foundation found that while 15% say the law directly benefited them, 25% said it hurt them.
Wednesday, March 2, 2016
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Trump likes Obamacare which ought to turn his ilk who were of your ilk seriously off. Yet, his ilk who were of your ilk are creaming your ilk now. When all else fails we can always bitch about Obamacare. Or start carping about entitlements. With numbers like you show, something must be done. And will be done. Without Ted Cruz in the White House. He can ride his high horse in the Senate for another 4 years. Maybe if everything melts down like your ilk is predicting, America will indeed be ready for him then, IF he can marginalize Trump, which is quite doubtful. Talk about mobs! Trump supporters are the bad seed from the Tea Party. You got what you deserved.
ReplyDeleteHorse shit. I have never been anything but a committed conservative and have always thought Donald Trump was a bad person. Courageous souls at National Review, Red State, Power Line, the Weekly Standard, the Dana Loesch Show and the Mark Levin Show have been striving tirelessly to take him down.
ReplyDeleteYeah, but without the asshole element amongst your ilk, your ilk is sunk. Like low. In so many ways. Now you know how it feels to be hijacked as a party as the Dems were by the so-called progressives. Why does it take a courageous soul to bring Trump down? I'd yawn at him to his face and then snarl, flash the bird and tell the fucker to get out of my airspace. His wealth is emblematic of what the rest of the world sees as exceptionally wrong about America. Let America Be Again should be the clarion call, not make it great again which you and the Trumpets yearn for
ReplyDeleteEverything's relative to you, isn't it? Nothing's sacred or precious, is it? Nothing's worth fighting for, is it? In fact, I kind of suspect you sign on to the MEC's view that America has been a force for arrogance in the world, a bit too big for its britches and in need of being taken down a peg.
ReplyDeleteBTW, most of the world's people see the fact that there are lots of wealthy Americans as proof that it is indeed the land of opportunity - or had been, when it was the United States of America.
Yeah, I know, land of opportunity. That's why the illegals came here. Da man paid them (not much of course) to come here, we all looked the other way for decades and now it seems you agree with the Trumpbots that we have to build this glorious wall to show how tuff we are. As for what I deem sacred or precious, that is my own personal business, not yours, nor is what you deem so any concern nor of much interest at all to me. Get your joys and jollies anyway you want and please please please leave me free to do so on my own,,, i.e., get out of my face about what you deem sacred or precious and what you want to fight for. IF we agree, OK, no biggie. Even if we disagree. And finally, no, not big on taking people or country down a peg but perhaps you are. Good luck and have fun with that all you want until your fist reaches my nose.
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