Here's why healthcare agencies and insurers will go broke

Discussion in 'News / Current Events' started by thisnumbersdisconnected, Apr 8, 2014.

  1. thisnumbersdisconnected

    thisnumbersdisconnected
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    Just when the Democrats thought it was safe to go back in the water ...
    Though the industry's anticipation of the ACA "going live" on January 1 resulted in some incremental increases leading up to the launch, two other factors enter in, which typify the hidden costs of the ACA that the Democrats knew about, but didn't care about.

    Those are, the limitation on insurers charging older policy holders more, which is an actuarial necessity, and the fact the ACA forbids underwriting -- the actuarial as well as the health and financial qualification processes that go into writing an individual policy. Because of those unprecedented restrictions, the insurance companies, within and outside of the ACA sales structure, are forced to raise prices. This is what is systematically destroying healthcare in the U.S.
     
  2. InTheLight

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    If the insurers are charging more for premiums, why will they go broke?
     
  3. thisnumbersdisconnected

    thisnumbersdisconnected
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    Because the ban on underwriting and actuarial considerations prevents them from controlling costs, and the government will continue cutting back on what they will pay for a far greater rate than they can reasonably raise premiums.
     
  4. InTheLight

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    So then the insurance companies simply apply a formula to predict an average underwriting factor, raise rates, and merrily go on their way. I've also read that underwriting will be allowed on large groups, just not on small and individual policies.

    When you say "government will cut back on what they will pay for" you must be referring to Medicare and Medicaid?
     
  5. thisnumbersdisconnected

    thisnumbersdisconnected
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    Who knows? with the Little Marxist Dictator governing "with a pen and a phone," anything could happen.
    They're doing that now with those two programs. You don't think they will do the same with the ACA?
     
  6. InTheLight

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    The ACA does not make payments to private insurers except for Medicare and Medicaid, so no, I don't think they will do the same because they can't.
     
  7. thisnumbersdisconnected

    thisnumbersdisconnected
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    Only because they haven't forced the collapse of their own program yet, but when they do, single-payer insurance will be the result. That's why we have to repeal this mess now.
     

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