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Politics : The Donald Trump Presidency
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Ms. Baby Boomer
Old Boothby
To: Old Boothby who wrote (13952)9/27/2016 3:08:33 PM
From: GROUND ZERO™2 Recommendations   of 73728
 
ObamaCare's Death Spiral Has Begun

Will the last one out of ObamaCare please turn off the lights?

That's a question that health insurers and individual Americans both may want to start pondering. Recent events such as the departure of the insurance company Aetna from the vast majority of state exchanges show that ObamaCare is entering the death spiral that experts have long predicted. Insurers are now heading for the exit, fast — and consumers won't be far behind them.

In the wake of massive losses, insurance companies are instinctively engaging their fight-or-flight instincts. The two big insurers remaining on state exchanges — Anthem Blue Cross and Blue Shield, and Cigna — are still evaluating the risks of a collapsing system, trying to determine if they should abandon the ObamaCare exchanges altogether or cope with the realities of increasingly high-cost care and coverage.

ObamaCare's tailspin is the manifestation of mounting tensions between health insurance companies, their customers, and the federal health care bureaucracy. The inevitable losers in this fight? Those who were promised reliable, affordable coverage for their health needs.

Premiums are widely projected to skyrocket in 2017, but many Americans have already seen firsthand how ObamaCare has further entangled them and their doctors in a maze of red tape.

investors.com

GZ
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