Insurers warn Obamacare is unsustainable and expect premiums to rise again…” and there is also the threat of a total collapse.”

Saturday, April 16, 2016
By Paul Martin

Affordable Care Act is in third year of new insurance markets
Anthem and UnitedHealth have complained about exchanges
Some companies are talking about ditching their participation in the marketplace or dramatically increasing prices
Affordable Care Act opened up new markets allowing millions of Americans to buy coverage, often with tax subsidies to help them afford it
22 million Americans now have health coverage where previously they were uninsured

DAILYMAIL.COM
16 April 2016

Health insurers are seriously concerned over the future of Obamacare as many insurers rapidly lose money.

Some companies are talking about ditching their participation in the marketplace or dramatically increasing prices – and there is also the threat of a total collapse.

The CEO of insurance provider Aetna says it’s still too early to declare the federal health care program a failure but the company ‘continues to have serious concerns about the sustainability of the public exchanges.’

Analysts had expected the program to become more stable as younger, healthier people purchased insurance, but that is not happening.

A report by insurance company Blue Cross Blue Shield found health insurers gained a sicker, more expensive patient population after the Affordable Care Act expanded coverage in 2014.

Newer customers had higher rates of diabetes, depression and high blood pressure, among other conditions.

They also visited the emergency room much more frequently than people who had private, individual coverage before the law expanded.

Another report, by McKinsey and Company showed insurance companies lost money in 41 states in 2014, in the individual market, which includes Obamacare marketplaces.

Blue Cross of North Carolina’s CEO Brad Wilson claimed a loss of $400 million.

“There’s not going to be something magical happen that will cause this to turn around,” Wilson said to AOL.

The Rest…HERE

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