Thursday, June 4, 2015

Obamacare Train Wreck In One Month?

     It has been five years since the Affordable Care Act become law.  A recent Gallup Poll shows little has happened to make Americans more favorably inclined toward it.

Although it has survived some 60 recall attempts by the Republicans in the House of Representatives and one major U.S. Supreme Court challenge, the latest legal challenge could be the "killer."

Individuals in the 34 states who rely on a federal on tax subsidies to help buy insurance could lose that aid if the Supreme Court rules against Secretary Burwell and the federal government this month.

To make matters worse some states are expecting huge increase in 2016
Rate increases proposed by Blue Cross and Blue Shield of Kansas, the state’s largest insurer, range from 35 percent to 39 percent. Aetna and Coventry Health Company, which merged in 2013, requested rate increases of 20 percent to 35 percent.
"We’re seeing the same sort of thing in a lot of other states,” said Sheldon Weisgrau, director of the Health Reform Resource Project in Kansas. “This is a reflection of what it actually costs to insure a large majority of population, whereas before what we had was a market that excluded a lot of people.”

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