23mn Americans to lose health insurance by 2026 under GOP repeal of Obamacare – CBO


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The nonpartisan Congressional Budget Office’s latest scoring of the House Republican replacement to Obamacare shows that by next year, 14 million people would lose health coverage, while a total 23 million would lose insurance within a decade.

 

The CBO’s report Wednesday takes into account amendments attached to the American Health Care Act (AHCA) on May 4, shortly before the House bill’s partisan passage which was nearly denied by just two votes. This is the AHCA’s second scoring by the CBO, which released its first report in March.

Around 23 million Americans would lose health care insurance by 2026, the new report found. The CBO had previously projected 24 million people losing health coverage. However, it remains unclear how much, if any, good news the Senate Republicans can take away from the government report.

https://www.rt.com/usa/389630-cbo-republican-healthcare-obamacare-insurance/

 

Under Obamacare Expansion, Medicaid Enrollment 110% Higher Than Projected


AP

Under the expansion of the Affordable Care Act there are 11.5 million able-bodied adults who are enrolled in Medicaid, more than double what was originally projected, according to a report from the Foundation for Government Accountability.

In April 2015, the foundation began tracking the 24 states that expanded Medicaid. The states projected that only 5.5 million adults would enroll.

“Newly-obtained data from these 24 states shows that at least 11.5 million able-bodied adults have now enrolled in Obamacare expansion—an overrun of 110 percent or more than double projections,” the report said. “Some states have signed up more than four times as many able-bodied adults as they said would ever enroll.”

The states that have expanded Medicaid since that time—Alaska, Indiana, Louisiana, and Montana—have all enrolled more able-bodied adults than projected.

Alaska projected that 20,000 adults would sign up at a cost of $145 million. With enrollment being greater than expected, costs have run $60 million over the budget.

Montana projected that only 18,600 adults would sign up, and within five months 47,000 adults enrolled, an increase of 153 percent.

According to the report, the states’ share of Medicaid expansion costs will increase to 5 percent in January 2017 and rise to 10 percent by 2020.

There is concern that the costs of Medicaid expansion will take up large parts of state budgets, taking taxpayer dollars away from other sectors such as education and infrastructure.

“The enrollment explosion will soon unleash a fiscal crisis,” the foundation says. “As a result, funding for the truly needy, education, infrastructure, and public safety are now at direct risk.”

Additionally, the foundation is concerned that more able-bodied adult signups will take away funding from truly needy individuals.

“Medicaid expansion already makes welfare for able-bodied adults a higher priority than services for the nearly 600,000 seniors, children with developmental disabilities, individuals with brain injuries, and other vulnerable individuals currently languishing on waiting lists for needed Medicaid services,” the report states. “Mounting overruns will soon exacerbate pressure on policymakers to shift even more money away from the truly needy and towards Obamacare’s able-bodied adults.”

In response to the report, a spokesman for the Centers for Medicare and Medicaid Services says that the expansion has had positive benefits.

“The evidence is clear that Medicaid expansion has had major positive health and economic benefits for citizens and states,” said spokesman Aaron Albright.

http://freebeacon.com/issues/obamacare-expansion-medicaid-enrollment-110-higher-projected/

UNDER OBAMACARE EXPANSION, MEDICAID ENROLLMENT 110% HIGHER THAN PROJECTED


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In April 2015, the foundation began tracking the 24 states that expanded Medicaid. The states projected that only 5.5 million adults would enroll.

“Newly-obtained data from these 24 states shows that at least 11.5 million able-bodied adults have now enrolled in Obamacare expansion—an overrun of 110 percent or more than double projections,” the report said. “Some states have signed up more than four times as many able-bodied adults as they said would ever enroll.”

The states that have expanded Medicaid since that time—Alaska, Indiana, Louisiana, and Montana—have all enrolled more able-bodied adults than projected.

http://www.infowars.com/under-obamacare-expansion-medicaid-enrollment-110-higher-than-projected/

Illinois seeks to shut down state Obamacare insurer; 49,000 to lose insurance


Jason Montrie

Illinois moved Tuesday to take control of Land of Lincoln Health to begin an orderly shutdown of the insurance company, meaning about 49,000 people will lose their health coverage in the coming months.

The state said it will allow policyholders to buy coverage from a different insurer before their Land of Lincoln plans are terminated, but it’s unclear when the policies will lapse.

“It’s a bad day for the marketplace in Illinois and our consumers,” said Jason Montrie, president and interim CEO of Chicago-based Land of Lincoln. “This is the end.”

http://www.chicagotribune.com/business/ct-land-of-lincoln-shutdown-0713-biz-20160712-story.html

THIS IS HOW MUCH YOUR HEALTH INSURANCE PAYMENT IS ABOUT TO JUMP BY


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As the WSJ writes, big health plans stung by losses in the first few years of the U.S. health law’s implementation are seeking hefty premium increases for individual plans sold through insurance exchanges in more than a dozen states.

To be sure, we have extensively covered the imminent danger of rising healthcare prices as a result of Obamacare’s intrusive intervention in the insurance sector; however now that this is about to become mainstream information, we expect consumers to hunker down and save even more in anticipation of what is about to be a shock price increase for millions of middle-class American families.

As the WSJ reports, the insurers’ proposed rates for individual coverage in states that have made their 2017 requests public largely bear out health plans’ grim predictions about their challenges under the health-care overhaul. According to the insurers’ filings with regulators, large plans in states including New York, Pennsylvania and Georgia are seeking to raise rates by 20% or more.

http://www.infowars.com/this-is-how-much-your-health-insurance-payment-is-about-to-jump-by/

UnitedHealth lost $720 million last year in Obamacare


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Major insurer UnitedHealth, which caused a stir in the fall by saying it might leave Obamacare, lost $720 million from the individual health insurance market last year.

However, the country’s largest insurer still made a ton of money.

UnitedHealth said in its financial report released Tuesday that the $720 million comes from losses “related to the individual exchange-compliant insurance business.” The individual marketplace includes Obamacare.

http://www.washingtonexaminer.com/unitedhealth-lost-720-million-last-year-in-obamacare/article/2580883?custom_click=rss

OBAMACARE AGENCY PUT TAXPAYER MONEY ‘AT RISK,’ INSPECTOR GENERAL SAYS


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A report released Wednesday said that in 2014, the Centers for Medicare and Medicaid Services relied on health insurers to confirm that payments based on the tax credits were accurately doled out without an independent system to verify or audit the determinations.

The inspector general for the Department of Health and Human Services, the parent agency, concluded that “federal funds may be at risk” without an effective system to ensure that the payments to confirmed Obamacare enrollees were correct.

Obamacare Agency Put Taxpayer Money ‘at Risk,’ Inspector General Says