August 18, 2019

Boom! Trump Hits Democrats and Insurance Companies in One Awesome Tweet

On Thursday night, the Trump White House announced it is ending critical subsidies to insurers. The move was a huge blow to the Obamacare law. Trump administration to end cost-sharing reduction payments to insurance companies under Obamacare. pic.twitter.com/b8QaDkV4QV — Josh Caplan (@joshdcaplan) October 13, 2017 Health Insurance stocks, which have gone through the roof during […]

Two More Insurance Companies Drop Out Of Failing Obamacare Exchanges

Two more insurance companies have announced that they will leave Obamacare’s failing exchanges. On Monday, The New York Times reported that Wellmark Blue Cross and Blue Shield announced their intention to leave Iowa’s Obamacare exchange next year because they lost $90 million in three years due to most of their enrollees having “expensive medical conditions.” “Finding […]

Major Health Insurance Company: Obamacare in “Death Spiral”

Aetna Inc. Chief Executive Officer Mark Bertolini gave a grim prognosis for the future of Obamacare on Wednesday, saying that markets established under Barack Obama’s policy are nearing failure as premiums skyrocket and healthy individuals drop out. “It is in a death spiral,” Bertolini said to the Wall Street Journal. Aetna, was one of the hardest hit insurers under […]

Big 3 Insurance Flip Obamacare the Bird

UnitedHealthcare, Humana—and now Aetna—are abandoning Obamacare exchanges because they’re unprofitable. Meanwhile, for the first time in 10 years, the U.S. death rate has increased. CDC researcher Andrew Fenelon told the Associated Press: “…it is quite rare to see it [a death rate increase] for the whole population. … Many countries in Europe are witnessing declines […]

Federal Court: Obamacare Insurance Payments Unconstitutional

WASHINGTON—A federal district court held Thursday that the Obama administration’s payments to insurance companies under Obamacare are unconstitutional, since Congress has declined to pass spending bills funding those payments. Section 1401 of the Affordable Care Act (ACA, or Obamacare) provides taxpayer subsidy payments to people buying insurance from an Obamacare exchange. Although the ACA provides […]

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