With multiple insurers being forced to drop out of Obamacare market exchanges and premium rates at an all-time high, Democrats have finally realized the system is flawed.
“There are things we can do and need to do to address restoring competition in these exchanges, and my hope is when we’re through the elections and past the elections, we’ll do those,” said Sen. Tom Carper of Delaware.
Carper offered a solution stating that health care law needs to better protect insurers from high costs and major losses. While, also making the rules for special signup periods stricter.
One of the many problems with the Obamacare system is that people tend to only sign up on the healthcare.gov marketplace once they have already been diagnosed with an illness.
Health and Human Services (HHS) Secretary Sylvia Mathews Burwell recently discussed what she deems as the improvements needed to the healthcare law.
“Burwell answered many tough questions on how to improve the competitiveness of the marketplace, stabilize plans and improve access and affordability,” said Sen. Chris Coons, D-Del.
However, fixing Obamacare is easier said than done, considering it is an expensive mess.
“There’s going to be ups and downs in these marketplaces. I think the secretary’s got some ability to try to smooth out these edges, and there are other things that ultimately we might want to talk about legislatively,” said Sen. Chris Murphy, D-Conn to The Hill regarding Burwell’s efforts. “She’s only got so much ability, but there’s clearly people getting into these exchanges mid-enrollment period that shouldn’t be, and that’s one of the things that’s upsetting some of the actuarial data.”
33 democrats are in favor of adding a government-run insurer or “public option” to Obamacare.
“I don’t think we need any more proof that a public option is critical to bringing more competition and accountability to the insurance market,” said Sen. Jeff Merkley, D-Ore.
This is how Democrats want to address the insurer dropout problem and how they want to “save” Obamacare. The average premium cost through Obamacare is increasing much faster than private healthcare premiums.
“I think we should strongly consider a public option in California,” said California Insurance Commissioner Dave Jones in an interview with California Healthline. “It will require a lot of careful thought and work, but I think it’s something that ought to be on the table because we continue to see this consolidation in an already consolidated health insurance market.”
One third of the state’s population is being provided Medicaid. If Trump wins, healthcare funding will be evidently cut. So of course, California is looking for an option.
However, numerous Obamacare co-ops have gone out of business. Of the 23 health co-ops that opened in 22 states since the launch of Obamacare, only 11 are still in business. Wouldn’t a public option do the same?
Author’s note: When will we stop the bleeding? Taxpayer dollars are at risk with a public option because we will be stuck with the risk of the plan. While, private plans assume and manage the financial risks. Taxpayer dollars shouldn’t be wasted anymore on this failing system.
To Hell with Obamacare!
This book was written by Joe Gilbertson of the Punching Bag Post Staff. This is the solution to the Obamacare fiasco: