AETNA CEO: The Obamacare exchanges are in a 'death spiral'


AETNA CEO: The Obamacare exchanges are in a 'death spiral'

Susan Gretkowski, a lobbyist for MVP Health Care, a major insurer in Vermont and NY, said the company hired a lobbying firm in Washington to keep up to date on what is going on with the Affordable Care Act.

As the country braces for a possible overhaul of the Affordable Care Act, consumers and patients are raising concerns that the more than 10 million people who purchased plans through the law's insurance marketplaces could lose coverage.

"We all as health care professionals bought into (the program) several years ago when the ACA came out; not because it was ideal, but because it had great goals", said Susan Fox, president and CEO of White Plains Hospital. Stanford Health Care is at the forefront of this transformation.

Casey also criticized Republicans for not having a plan to replace the act, which is more widely known as Obamacare.

Some insurers have said that the health care expenses for the customers they're gaining through the exchanges has far exceeded the health insurance premiums those customers are paying.

Numerous hospital executives on Monday warned of devastating job and service cuts based on those estimates.

U.S. President Donald Trump speaks during a listening session with the Retail Industry Leaders Association and member company chief executive officers in the Roosevelt Room of the White House on February 15, 2017 in Washington, D.C. Questions about ties between Trump's team and Russian intelligence agents mounted Wednesday after news of extensive contacts between the two were reported. Because Obamacare policies impact so many different parts of the federal government, repealing and replacing the law will require several steps.

188000 under evacuation orders near Northern California dam
Had the spillways totally failed, billions of gallons of water would have flowed from the lake and flooded three counties. The goal now is to keep water flowing down the main spillway until the level of the lake drops by at least 50 feet.

The math of insurance, he noted, doesn't work unless lower-cost healthy people subsidize coverage for sicker people whose care is more costly.

The pools which would offer coverage for sick people if the provision is repealed, though their premiums may be much higher.

Humana's announcement is the latest reminder that Obamacare's skyrocketing premiums and out-of-pocket costs have turned off millions of younger, healthier customers needed to stabilize risk across the marketplaces created by the law. We are leveraging technology with video visits from home or office and a customized app for anywhere, anytime access to personalized health information. "It is now our position that there is no plan - that there are a lot of people who don't like the ACA that are in charge down there but that they really don't have a plan". He declined to divulge whether Aetna will completely withdraw from the Obamacare markets next year.

Some members of Congress are now discussing making major changes to our core health system in the United States, including repealing the Affordable Care Act (ACA) without a replacement and making major, damaging changes to Medicaid, CHIP, and Medicare.

None of the proposals in the rule address critical policies insurers say they need before deciding to remain in the individual market for 2018. This snuffed out in the crib any other new innovations in health insurance product design.

Bertolini has long expressed doubts about the exchanges.



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