The Dismantling of ObamaCare - Ongoing Updates.

[junkman]

Cat bonds scale to the size of the financial market vs the size of the insurance premium volume annually. The financial market is vastly larger, multi-trillions instead of billions in insurance premiums. Financial markets can absorb catastrophic risks, and it's impossible to charge high enough insurance premiums to anticipate massive CAT losses.

The hard part is to find good math and convince others of occurences that human nature tends to deny.

Bbbbbbb we have a right to build where we want even when likely to be blown away. It's beautiful when it isn't raining.

 

[MBSC]

Wellmark BCBS of Iowa leaving individual market in 2018.

Wellmark Blue Cross & Blue Shield’s decision means more than 21,000 Iowans who bought health insurance policies from the company in the past three years will need to find another carrier.

The individual Wellmark policies that would be affected by Monday’s decision include 18,900 sold in traditional ways and about 2,500 sold on the Obamacare “exchange.”

Monday's announcement won’t affect most of the 1.6 million Iowans who have Wellmark insurance, including policies purchased through an employer. It also won’t affect nearly 77,000 Wellmark customers who bought individual policies that took effect before Jan. 1, 2014. But it will mean the company won’t sell any new individual policies for 2018, and those who bought such policies since 2014 will lose them.

Reference: Wellmark to halt sales of individual health insurance policies

 

[Justin Bilyj]

Looks like they're going to do this again.
New additions:

1. States can repeal Obama regs if they want
2. Subsidies of 115B will be given out for high risk pools.

In Aggressive Push, Trump Seeks Friday Passage Of Revised Healthcare Bill | Zero Hedge

Sounds like the old healthcare we used to have...

 

[kgmom219]

Looks like they're going to do this again.
New additions:

1. States can repeal Obama regs if they want
2. Subsidies of 115B will be given out for high risk pools.

In Aggressive Push, Trump Seeks Friday Passage Of Revised Healthcare Bill | Zero Hedge

Sounds like the old healthcare we used to have...

There's no chance they can get moderate GOP members to pass something with pre-ex.

Zero, zip, nada. #whatsnext

 

[bluemarlin08]

Why the rush? He needs a win but at what cost?

 

[Justin Bilyj]

He should focus on taxes, let Obamacare explode and let the dems own it. If he goes after this again he cant blame it on Ryan like last time...

----------

What do you guys think about adding uninsurables to Medicare? I understand it will bump up claims exp for Medicare, but at least they can negotiate with prices?

 

[Yagents]

Here's your chance to express your opinion of how to fix ACA / system:

Your Name Could Be Here

 

[Justin Bilyj]

Here's your chance to express your opinion of how to fix ACA / system:

Your Name Could Be Here

I thought that was going to be for adding to public or government discussion, this is just fir ThinkAdvisors magazine -asking to submit comments on their articles, or guest post on their site...

 

[nylife11023]

He should focus on taxes, let Obamacare explode and let the dems own it.

This is one of those ideas that make a good sound-bite but there is no 'there there.'

For better or worse, fair or not, the bottom line in the American political tradition is that the party and administration in power takes the credit or gets the blame for what happens on their watch. (Same in the military which I have some experience in.)

When O-care implodes no one is going to buy into the argument that it was the Dems fault when the Reps have had a year or two to DO THEIR JOB... THE JOB THEY CAMPAIGNED ON FOR EIGHT YEARS to 'fix' the system.

Here is an analogy that might help make the point above. I went to a wedding a while ago and after the ceremony the groom's mom walked up to the bride, smiled, gave her a big hug, and said "He's YOUR problem now!!"

 

[Ann H]

When O-care implodes no one is going to buy into the argument that it was the Dems fault when the Reps have had a year or two to DO THEIR JOB... THE JOB THEY CAMPAIGNED ON FOR EIGHT YEARS to 'fix' the system.

For the next year of so, it will be the fault of both Dem & Repub. The Democrats for creating a law that they knew would crash, and the GOP for being incompetent at fixing anything.

Now, if the GOP can't fix it after it implodes, or if this goes on for 2, 3, 4 years, then it is ALL the Republican's fault.

It's EVERYBODY'S fault (except mine, of course)