Category Archives: health insurance
What initially looked like a great deal for them – customers federally mandated to buy their product – doesn’t seem to be working out as they had hoped. Bloomberg Businessweek reports that insurers are loosing hundreds of millions of dollars on Obamacare.
Aetna Says Bye Bye
So Aetna now says bye bye to ObamaCare by way of pulling out of exchanges in 11 of the 15 states it serves. UnitedHealth and Humana are following suit. UnitedHealth is ditching 31 of its 34 states, and Humana is leaving 9 of 19 states.
In July the Justice Department blocked a proposed merger between Aetna and UnitedHealth. At the time Aetna wrote that without the cost savings of the merger it would leave the exchanges.
Meanwhile, Hillary Clinton supports a government funded public option to compete on the exchanges with the remaining private insurers.
In January 2014 President Obama decided to go it alone. He said he had a pen and a phone and if Congress wouldn’t act he would.
Congress refused to act to allocate funds to reimburse insurance companies for Obamacare costs. The president used his pen to sign an executive order to disburse the money anyway. The House of Representatives sued.
Separation of Powers
Meanwhile the president is allocating school bathrooms.
Obama said he was putting Joe in charge of mission control for a “moon shot” to cure cancer. Politico reports that cancer researchers like the resources but not the “moon shot” approach.
Cancer Cure Czar
Maybe a war on cancer approach would be better than a moon shot. President Nixon tried that in 1971.
Former Obama administration high priest David Axelrod says the president revealed to him that he’s “the closest thing to a Jew that has ever sat in this office.” It’s hurtful to him when people say he’s hostile to Israel. The president also told a young Asian group this week that he personally restored America to international respectability. And, despite missing state department emails, destroyed IRS emails, and delayed FOIA requests, he continues with the “most transparent administration in history” boast.