Scary Healthcare
How scary is Obamacare? Here are some recent articles:
- Half of Obamacare customers cut back on care to manage costs.
- Analysis indicates deductibles for lowest-priced ACA plans exceed $6,000
- 85 percent of consumers who purchase healthcare coverage through the exchanges will qualify for Federal subsidies to offset higher costs (meaning 15% of the country is paying a ton of money)
- Middle-income Americans take the biggest hit with obamacare
- Millions choose to pay ACA penalty rather than enroll in health care plans
None of these references are from Fox. They are from CNBC, CNBC, NBC, Forbes and the NY Times respectively.
Happy Halloween!
(meaning 15% of the country is paying a ton of money)
Huh? Only 10-15 million have health insurance through the exchanges. Do the basic math.
The exchanges don’t operate in a vacuum. If you think the insurance companies selling insurance in the exchanges aren’t raising the rates of ALL of their customers to cover the losses in the exchanges, you need to take an economics class. So, yes, the 15% is paying a ton of money to cover the exchange losses.
Still don’t understand where the 15% figure comes from.
Anyway, all the insurers are posting enormous quarterly profits that far outweigh their relatively small losses on the exchanges – that’s where the higher non-exchange premiums are going.