Obamacare Fails in Knoxville, TN

[somarco]

With the only insurer left on the Affordable Care Act exchange in the Knoxville area set to exit the market in 2018, the city could become the first place in the nation where Obamacare fails, according to a CNN Money report.

When Humana pulls out of the exchange next year, roughly 40,000 people will be without an option for a subsidized insurance policy unless another carrier steps in.

Knoxville the first place Obamacare could fail

Sorry to see my hometown make headlines like this. But they won't be alone.

Obamacare is a complete failure.

Here is a clip of Pelosi and Reid (in drag). That's Trump in the helicopter.

 

[RayNY]

Obamacare is a complete failure.

Humana is making record profits. Stock price is up over 330% since ACA was signed, and dividends have been increased. ($50 when ACA signed, $210.07 today)

You can't have a "complete failure" when companies are making record profits and enrollment is at an all time high.

We have a minor issue that requires a minor adjustment to the law. The only failure here is TN's insurance department's failure to address the issue.

 

[scagnt83]

Humana is making record profits. Stock price is up over 330% since ACA was signed, and dividends have been increased. ($50 when ACA signed, $210.07 today)

You can't have a "complete failure" when companies are making record profits and enrollment is at an all time high.

We have a minor issue that requires a minor adjustment to the law. The only failure here is TN's insurance department's failure to address the issue.

Humana is not making record profits off of selling Individual Health Insurance (ACA policies). They make that off of MedSups, Group Health, Dental/Vision, & their Pharmacy Services.

If you made -$30 off of selling Life Insurance, but you made +$300 from selling an Annuity. Would you, as a business owner, continue to sell Life Insurance?

The product is not profitable. They lose money on it. Should the government be able to force YOU to sell a product that you lose money on... even if your making money by selling other products?

 

[junkman]

Unsubsidized rates are through the roof. Fewer enrolled in 2017 and dropping. 10% trend + utilization increase and good bye. Carriers can't predict claims and good bye. BCBST is only carrier in counties outside of contiguous metro counties.

STM too short, many can't pass underwriting. Become judgement proof and go naked or force a group. No good options.

Edit: Trump and company to the rescue.

Not really. Pinche Trump. Des jarlet, Black, Blackburn too.

 

[somarco]

Humana is making record profits.

Why would a carrier that is "making record profits" on their IFP line pull out of every state for 2018? Why have they limited the number of plans offered in the states where they are still writing business? Why has their PPO been pulled and replaced with an HMO?

 

[Yagents]

Somarco, I can hear your head banging against the wall.

 

[hamben]

Iowa is done,

Wellmark pulled out of the Individual market last week and Aetna pulled out this week. Sorry Iowa farmer. no health insurance for you.

 

[RayNY]

Why would a carrier that is "making record profits" on their IFP line pull out of every state for 2018? Why have they limited the number of plans offered in the states where they are still writing business? Why has their PPO been pulled and replaced with an HMO?

IFP is not Obamacare.

I won't debate for a second that IFP is difficult to be profitable in. I'll remind you that IFP was never a cash cow. When the changes boost your other lines massively, quadrupling profits, you're going to have a hard time getting them on board with letting that all go so their itty bitty IFP department is more profitable.

 

[somarco]

IFP is not Obamacare

You got some 'splainin' to do.

Yes, Obamacare includes group, and also impacts virtually every aspect of health care and health insurance, but I find your comment to be incredulous when you state:

Humana is making record profits. Stock price is up over 330% since ACA was signed, and dividends have been increased. ($50 when ACA signed, $210.07 today)

You can't have a "complete failure" when companies are making record profits and enrollment is at an all time high.

If enrollment is at an "all time high" as you state but they are losing money on those members (which they are) then how is it that Obamacare is not a complete failure?

Please show your work.