Obamacare is known by its official name: the Affordable Care Act. As I’ve said often, one constant in politics is that the law being considered will do the exact opposite of what the politicians say it will do. Another constant is that politicians will create a problem, create a solution for the problem they created that creates more problems, then create another problem-causing solution to follow. And they always require more money. Obamacare is no exception. The real solution is to turn to a free market in which consumers either negotiate costs directly with insurance companies for coverage they need at a cost they can afford, or better, where the consumer negotiates prices and treatment directly with the healthcare provider.
A recent Gallup poll and a poll done shortly after 9/11 shed light on how healthcare’s hyperinflation and under-performance is fueling the Trump and Sanders phenomena. Financial anxiety and a general sense that things aren’t working sow the seed for movements. On the bright side, the horrible under-performance of how healthcare gets purchased and delivered has caused a few positive responses already
As Republican policymakers nationwide continue debating ways to replace Obamacare with patient-centered solutions, a Colorado group has landed a plan implementing a single-payer model of health care on November’s ballot. Coloradans are already bracing for its impact. In the general election, Colorado residents will not only head to the polls to cast their votes for president, but they’ll also weigh in on a controversial ballot measure: Amendment 69, which would create a government-run health care plan in the Centennial State.
A pair of premium-stabilizing programs is expiring. Companies selling individual health plans on Obamacare’s insurance marketplaces must grapple with the impending expiration of two of the law’s key early-stage programs, likely foretelling premium increases in 2017, as PricewaterhouseCoopers points out in a new regulatory brief. The Affordable Care Act included a trio of provisions meant to counteract insurance marketplace uncertainty in its nascent years. Collectively dubbed “the 3 Rs,” risk adjustment, reinsurance, and risk corridors were intended to act as shock absorbers for a newly reformed individual health insurance market in which participating firms were, essentially, shooting in the dark when setting premium levels and gaming out how sick and costly new enrollees would be.
Smaller remodelers may think they have nothing to fear from Obamacare in 2016. But they’re wrong, say experts. A little-known Affordable Care Act–related fine of $100 per day per employee enacted in 2015 has the potential to “blindside” some remodelers in 2016—unless a Congressional action can save them.