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That is kind of what health insurance companies had been doing. If fact, that is why Medicare was created, because health insurance companies were dumping elderly people.
Insurance companies NEVER want to lose profitable premium volume because it helps them spread fixed expenses.
So the part you missed was that the government, which has to approve insurance rates, wouldn't let the insurance companies charge the appropriate (very high) rate for elderly health insurance.
So, they had to cut them.
It's sad that you think a private company when facing a government mandate is "dumping" people instead of just losing money. Have you ever worked at a private company?
I'm not sure how much you can blame Obama I think he was trying to do the right thing. Part of the problem is the age old battle between the insurance companies and the providers. It's such a large country and all of the different existing laws and regulations makes it extremely convoluted. They just need to go back to the drawing board and tweak it going by what has been learned so far.
I'm not sure how much you can blame Obama I think he was trying to do the right thing. Part of the problem is the age old battle between the insurance companies and the providers. It's such a large country and all of the different existing laws and regulations makes it extremely convoluted. They just need to go back to the drawing board and tweak it going by what has been learned so far.
I'm sorry but when anyone supports and signs a bill that will change the medical world as we know it BEFORE even reading it and preventing those who are to be affected by it to even get hints about what's inside not to mention TELLING BALD FACE LIES about what it will/won't do (keep your doctor,keep your insurance) should ALL be locked in a pillory and be pelted by rotten fruit and eggs.
Pillory Defined: The pillory was a device made of a wooden or metal framework erected on a post, with holes for securing the head and hands, formerly used for punishment by public humiliation and often further physical abuse.[1] The pillory is related to the stocks.[2]
Those costs are often driven by uncollectable practices and price caps for other people receiving service.
For example, John has no insurance and has a 60k emergency room visit that they'll never collect a dime on. Pete has a procedure costing 30k but medicare only pays 15k, another 15k uncollected.
Jane has insurance and has a procedure. Well jane, those $50 crutches are now $400!
Those 60k and 30k charges are insane in the first place. If the doctors' and hospital charges are reasonable, there would not be so many uncollectible cases.
I'm not sure how much you can blame Obama I think he was trying to do the right thing. Part of the problem is the age old battle between the insurance companies and the providers. It's such a large country and all of the different existing laws and regulations makes it extremely convoluted. They just need to go back to the drawing board and tweak it going by what has been learned so far.
He shoved Obamacare without one republican vote. The Obamacare disaster is Obama and a Democratic congress fault.
Those costs are often driven by uncollectable practices and price caps for other people receiving service.
For example, John has no insurance and has a 60k emergency room visit that they'll never collect a dime on. Pete has a procedure costing 30k but medicare only pays 15k, another 15k uncollected.
Jane has insurance and has a procedure. Well jane, those $50 crutches are now $400!
They collect on John all the time by directing him to the billing office where he often works out a repayment plan. Or on those rare occasions, his wages are dunned.
All those attractive new suburban hospitals with the duckponds and helipads, and the latest reformulated goofballs for lovelorn Jane? And those perks for SEIU represented staff? Well those cost a pretty penny--but don't worry, your insurance will pay for it. Your insurer knows it can count on you to buy policies that pay for those costly extravagances.
In the end.....I place a lot of the blame for these issues being unfixable upon the Republicans.
Right on cue greywar lol the problem for Democrats this wasn't expected to happen until after the election ....Written June 15, 2015
If Hillary’s Elected President, Get Ready for Massive Obamacare Taxes
With this potential for massive disruption approaching, the media have rushed to the accountability barricades by demanding a solution to the debacle from… Republicans.
Bear in mind that Obamacare famously became law by using parliamentary tricks in which Democrats in Congress got around the fact that not a single Republican would vote for it.
At the time, Nancy Pelosi bragged that Americans wouldn’t know what the ACA contained until Democrats shoved it past Republicans and onto Barack Obama’s desk for his signature.
First, rather than address the systemic dysfunction of Obamacare, Hillary wants to make it even larger and costlier than it is now. In an interview with the Des Moines Register, Hillary pledged to defend the ACA, but to fix its shortcomings. She promised to “fix the family glitch,” and “to deal with the high cost of deductibles that put such a burden on so many working families, and how to deal with the exploding cost of drugs, particularly the so-called specialty drugs."
Hillary remained notably silent on exactly how she would rework the ACA to undo the family glitch and lower deductibles, and especially how she would pay for the enormous increase in program costs that will result.
Her campaign tipped their hand on their approach to fiscal problems in announcing their schedule for releasing policy proposals. “Among these proposals,” press secretary Brian Fallon tweeted, “will be revenue enhancements.” As the Washington Examiner’s Jason Russell noted. “Revenue enhancements” is a euphemism on the same level as Bill Clinton’s use of “broad-based contributions”
... middle class tax hikes
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