More than a million people across 32 states are set to lose their health insurance plans as major insurers pull out of the slow motion train wreck that is Obamacare.
At least 1.4 million people in 32 states will lose the Obamacare plan they have now, according to state officials contacted by Bloomberg. That’s largely caused by Aetna Inc., UnitedHealth Group Inc. and some state or regional insurers quitting the law’s markets for individual coverage.
Sign-ups for Obamacare coverage begin next month. Fallout from the quitting insurers has emerged as the latest threat to the law, which is also a major focal point in the U.S. presidential election. While it’s not clear what all the consequences of the departing insurers will be, interviews with regulators and insurance customers suggest that plans will be fewer and more expensive, and may not include the same doctors and hospitals.
I can’t wait for the Vox-splainer about how fewer choices that are more expensive are actually better for the consumer. S&P is predicting that Obamacare enrollment could actually decline in 2017.
Shopping for health insurance was always a mind numbing experience and with Obamacare you now get to do it more often. When you’re not just looking for something to cover the occasional doctor visit, it is a large burden. 61 year old skin cancer patient Theresa Puffer is carrying it now.
“Trying to determine which would be the best plan for my situation is not easy,” Puffer said. Her dermatologist appears to be out of network in other plans, she said. “I’m willing to pay a higher premium to see him, because when you have cancer you want to stay with the same group of doctors,” she said. “I’ve spent so much time trying to figure out what my options are.”
It shouldn’t be long before we start hearing how single payer healthcare is our only way out of the mess the Democrats forced on us.