Friday, February 20, 2015

Nebraska Woman Dropped from Three Different Obamacare Health Insurance Plans.

by Robert Janicki

Pamela Weldin's story is just one anecdote of what could be a tsunami of such results in the coming days and months of Obamacare across America in 2015.  Her third and latest Obamacare non-profit health insurance carrier has been taken over by the state insurance agency.  58 year old Pamela Weldin is now forced to once again seek out an Obamacare approved health insurance plan.  

I cannot imagine the magnitude of the emotional frustration, turmoil and personal disruption to Ms. Weldin's life and medical experiences as she tries to make sense of who, among her current medical providers, will take Obamacare insurance and which institutions and specialists in her local area will also take whatever Obamacare insurance she can obtain.

One medical specialty group that I see twice a year for a checkup simply does not accept CaliforniaCare (the state version of Obamacare).  Another provider, my dermatologist, has limited the number of CaliforniaCare patients he will add to his patient load, because of the poor reimbursement rates of CaliforniaCare.  I don't know if either of these two medical specialty groups even take MediCal (the California version of federal Medicaid) since they reimburse at a lower rate than even most Obamacare or CaliforniaCare insurance plans.

Moving on, lets look to Obamacare Co-ops around the country and where they stand and their financial condition.

Co-ops are no stranger to the insurance market, and lawmakers hoped the nonprofit insurance companies would help infuse competition and choice into markets where there were limited options.
However, the co-ops created under the law would be slightly different from those already in existence—to help the new insurers get off the ground and meet state reserve requirements, the federal government provided $2 billion in startup and solvency loans. 
One Year After Obamacare’s Implementation, Taxpayer-Funded Co-Ops Struggle to Survive
Twenty-three co-ops serving 26 states were ultimately licensed and received federal loans including CoOportunity.
According to the latest quarterly filings, more than 520,000 people enrolled in insurance coverage through the co-ops through September.
An analysis conducted by The Daily Signal earlier this month, though, found that all but one of the co-ops experienced operating losses through September.  
It becomes obvious that many of these co-ops will either go bankrupt, thus seriously  jeopardizing Obamacare or taxpayers will, once again, be on the hook to subsidize these co-ops.  That's the story of liberal programs, which can't stand on their own abilities.  Government must step in and subsidize these failures with taxpayers funds to avoid collapse.

If a government program, such as Obamacare, cannot survive on its own financing without a taxpayer subsidy, it should be abolished.  Of course this is political heresy, since so many other federal programs would have to be canceled with this concept.