Humana pulling out of Obamacare in 2018

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B.K.

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http://money.cnn.com/2017/02/14/news/economy/humana-obamacare-insurer/index.html

Humana (HUM) announced it is pulling out of Obamacare for 2018 on Tuesday, the same day it ended a merger agreement with Aetna (AET).

The company said in a press release it has tried for the past several years to keep selling policies where it could offer "a viable product." It said it increased premiums, exited markets and tightened provider networks in hopes of stabilizing its individual market business.

But an initial analysis of its 2017 consumer base found that it remained riskier than Humana could tolerate. So the company is exiting all 11 states where it sells individual policies, both on the Obamacare exchange and outside of it.

I guess I'm screwed. Blue Cross Blue Shield pulled out here in Tennessee on January 1. Humana was the ONLY choice I had. I guess I just won't have any insurance next year.
 
This confuses me so much. How can the last insurance company in your just state pull out of Obamacare?

It makes me think that Trump's idea to allow insurance companies to sell across state lines would actually at least be a bandaid on the issue.

The only problem is, not only will he never actually implement that, but instead he's dismantling altogether
 
I can't say that I'm too knowledgeable about the Affordable Care Act but I feel that it's b******* that big companies are allowed to pull out of the marketplace. When we opt out we Face Financial penalties and I feel that the health insurance company should feel it too.
 
Republicans starving the beast. This is why talk on Obamacare has died down. They're waiting until its crippled beyond recognition before they act so the optics are better.
 
Republicans starving the beast. This is why talk on Obamacare has died down. They're waiting until its crippled beyond recognition before they act so the optics are better.
What Optics would that be? Hundreds die without insurance because the GOP holding majorities in both sides of congress and the executive branch couldn't be assed to improve or replace Obamacare?
 
So the company is exiting all 11 states where it sells individual policies, both on the Obamacare exchange and outside of it.

Wow. So you have to be with a group to even pay to get coverage?
 
Well, we know that Aetna lied about their reasons for leaving the market, but yeah, there are problems with the marketplace that need to be addressed, like maybe with a Public Option!!! At the same time, a lot of this is because there's a destabilization of the markets since insurers have no idea what's going to happen to Obamacare.
 
This confuses me so much. How can the last insurance company in your just state pull out of Obamacare?

It makes me think that Trump's idea to allow insurance companies to sell across state lines would actually at least be a bandaid on the issue.

The only problem is, not only will he never actually implement that, but instead he's dismantling altogether

Yeah, this is why Obamacare didn't really make sense to me without the public option.
 
Gee, it's as if leaving a for-profit cartel as the heart of a system will only lead to further inequalities.

Fuck the GOP.
 
Is this only insurance purchased through the marketplace? They're what my insurance at work is through.
It seems like they're getting out of private plans entirely

So the company is exiting all 11 states where it sells individual policies, both on the Obamacare exchange and outside of it.

Yeah, this is why Obamacare didn't really make sense to me without the public option.

Yup. Or without more carrots for insurers to stay on the marketplace.
 
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Ha ha. Pulling out.
 
They should probably change their name to something more "we care more about money than anything else" since "Humana" kind of gives off the wrong impression.
 
This is what happens when you create a mandate the people must buy health insurance from for-profit companies but don't create a mandate that requires those same companies to provide insurance. The system was destined to fail.

Oh well give the GOP some time to come up with a new solution. They've only had what six years to come up with a plan to repeal and replace the ACA. Give them a few more years...and either they'll have a plan or we'll all be dead.
 
I couldn't afford affordable insurance anyway :/ and I make too much for state insurance. Does this mean I wont have to pay that crazy 600+ tax fee next year?
 
Duh

This was a loophole from the get go and part of the reason why the ACA sucks in terms of cost and options.

Like if you didn't see this coming years ago I don't know what to tell you.

Obviously the sooner the general American public can wake up to agree on a form of national healthcare the better.
 
What Optics would that be? Hundreds die without insurance because the GOP holding majorities in both sides of congress and the executive branch couldn't be assed to improve or replace Obamacare?

It's a tactic to win the 2018 mid-terms to expand their majority. Their thought is to leave the ACA in place so the it looks like they "have a heart" and aren't repealing or replacing it. The system collapses by November 2018 so they can then use that as ammo in the midterms to say, "See the democrat's system is dead. They weren't really looking out for you after all. They knew it was going to die eventually. Look what happens when we let everyone onto the system, it collapses under itself. Vote for us and we will give you a system that will sustain itself and let you keep your doctor." Once enough people buy into their new lie and vote them in for another term at the state and federal levels they will then unveil whatever shitty plan they have, which will be more or less a return to pre-ACA style.
 
While not defending the whole for-profit healthcare system, they'd have to be crazy to stay in. There's no certainty in the ACA's future; it might be fully repealed, partially repealed, left alone (lol), replaced partially, or left to die a long slow death over a period of months or, even more likely, years. The GOP ran on dismantling it on Day One; it's still here, in worse shape and in wildly different forms in the various states. Thanks to Marco Rubio's hobbling of insurance "risk corridors" in 2015, and that initial Trump EO directing agencies to stop looking for ways to improve the ACA system, they can't even count on getting paid for what they do now, let alone trying to judge the profit/loss risks a year into the future. Insurance and uncertainty don't mix.

So let's bring in that UHC or Medicare For All or whatever you want to call it :D
 
I know everyone knows this already but I really can't help to bring up how fucked the healthcare system is in America.

Like, it is amazingly sad.
 
I can't say that I'm too knowledgeable about the Affordable Care Act but I feel that it's b******* that big companies are allowed to pull out of the marketplace. When we opt out we Face Financial penalties and I feel that the health insurance company should feel it too.

Seriously why wasn't this included in the law? Penalize tax payers when they can't afford a plan, but it's ok for these companies to opt out providing the coverage?
 
I have worked with insurance companies that sell health insurance on the public exchanges.

A lot of health insurance plan decisions on rating, benefits and costs are typically made months in advance, well before the public gets the chance to shop for the plans--typically 6 to 9 months before OEP is open for the general public. If these companies don't even believe that the ACA will exist in that time, they might already be putting the brakes on any efforts internally as to not waste any efforts.

On top of that, a lot of big insurance companies like Humana and the like have lost a lot of money on the ACA exchanges. It's partly due to their own inexperience servicing potentially low-income markets, but it was also due to very high infrastructure and maintenance costs in getting the IT connectivity and maintenance set up for the exchanges. The infrastructure of connecting their systems to the public exchanges were very high, thanks in no part due to bungled guidance by state regulators as well as thirsty contractors solving exorbitant rates to help bring it all together. It's a shame, because its my understanding that the back end IT infrastructure only started consistently working well this last OEP (as well as it should have worked years ago).

The indecision from the Trump administration, combined with the inability for HHS to consistently hit their projected enrollment numbers on the exchange....Obamacare is in big big trouble regardless of what the Republicans do or don't do, and their indecision certainly isn't helping.

I would only expect carriers to stay in marketplaces that are profitable and population dense. I think low income folks in rural areas are going to be in trouble.
 
I know everyone knows this already but I really can't help to bring up how fucked the healthcare system is in America.

Like, it is amazingly sad.

I'm more bewildered on how people who it serves vote against it even though it will prevent them from ever seeing the same type of coverage again. Endangering themselves and whatever family members it covered
 
I'm more bewildered on how people who it serves vote against it even though it will prevent them from ever seeing the same type of coverage again. Endangering themselves and whatever family members it covered

I mean their education system is fucked. A lot of people are just not equipped to think critically about stuff like this.

Also they have a major political party that is like entirely based on lying to poor people.
 
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