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“This is crazy. This is absolutely crazy. Four years ago, annual premiums for a mid-level “silver” plan to cover his family totaled $10,072.44. For 2017, they were $21,392.40—up 112 percent.“
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A new study conducted by Avalere and released earlier today found that Obamacare rates will surge an average of 34% across the country in 2018. Of course, this is in addition to the 113% average premium increase from 2013 and 2017, which brings the total 5-year increase to a staggering 185%.
Meanwhile, and to our complete shock no less, Avalere would like for you to know that the rate increases are almost entirely due to the Trump administration’s “failure to pay for cost-sharing reductions”…which is a completely reasonable guess if you’re willing to ignore the fact that 2018 premium increases are roughly in-line with the 29% constantly annualized growth rates experienced over the past 4 years before Trump ever moved into the White House…but that’s just math so who cares?
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Most Left-wing American political figures, entertainers and academics speak highly of the United Kingdom’s socialized medicine system, saying that the U.S. ought to emulate it. But they don’t live there so they don’t really know just how bad it is, and how close it is getting to collapse.
In fact, the National Health Service is so chronically under-funded — socialized medical systems require massive infusions of tax money — that scores of senior physicians may begin refusing to take on new patients unless the government commits more financial resources, the UK’s Daily Mail is reporting.
The fact is, they really have few other choices.
Update: President Trump has continued to hammer Obamacare…
ObamaCare is a broken mess. Piece by piece we will now begin the process of giving America the great HealthCare it deserves!
— Donald J. Trump (@realDonaldTrump) October 13, 2017
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As we detailed earlier, it was an early morning for a seemingly excited, insomniac Donald Trump, who shortly before 6am tweeted on the topic of the night, namely the late Thursday elimination of subsidies to health insurers, which took place just hours after the president signed an executive order to designed to draw people away from Obamacare coverage markets.
“The Democrats ObamaCare is imploding. Massive subsidy payments to their pet insurance companies has stopped. Dems should call me to fix!”
Having failed to repeal (or replace) Obamacare in the Congress on three separate occasions, on Thursday morning Trump took matters into his own hands, when as previewed last night, the President signed an executive order to begin the process of unwinding Obamacare, paving the way for sweeping changes to health-insurance regulations that would allow an expansion of less-comprehensive health plans.
“We’ve been hearing about the disaster of Obamacare for so long,” Trump said in signing the order at a White House ceremony. “For a long time, I’ve been hearing repeal, replace, repeal, replace.”
He then said that the order is “starting that process” to repeal ObamaCare. It will be the “first steps to providing millions of Americans with ObamaCare relief.”
We’ve frequently warned that Obamacare is locked in an inescapable death spiral that will result in its inevitable failure. The problem is that the folks who make too much to qualify for subsidies (currently defined as roughly $80,000 for a family of 3) are increasingly being priced out of the market for individual insurance by Obamacare’s 30%+ price hikes that consistently come year after year. Meanwhile, those “rich” families making $80,000 a year are the ones expected to overpay for their health insurance so that a portion of their premiums can be “spread around a little bit” (as Obama likes to say) to subsidize the premiums of others. Of course, it’s easy to see the circularity here as higher premiums equals less “full-paying” customers and less subsidies equals higher premiums…until the whole system collapses.
Luckily you no longer have to take our word for it as eHealth.com has just published a new study that finds that, even by Obamacare’s own definition of “affordability”, residents in 47 out of 50 cities surveyed can’t afford the cheapest Obamacare plan.
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California has been sued for failing to provide sufficient healthcare for 7.2 million Latinos.
A lawsuit, filed on Wednesday, accuses the states of creating an ‘unequal system of healthcare’ that favors white people and discriminates against lower-income residents – the majority of whom are Hispanic.
In the end it was not meant to be: Senate Republicans failed, by a single vote, to pass a month-long effort to pass Republican healthcare legislation culminating with a vote on a “skinny” bill to repeal Obamacare thanks to a single decisive vote by Donald Trump’s nemesis, John McCain.
In a devastating blow to President Trump and his healthcare agenda, Senate Republicans voted 49 to 51 to pass a slimmed down bill put forward as a last gasp effort to overhaul the US healthcare system, leaving the fate of Obamacare in the hands of Democrats and the general public.
Joseph Rago, a Pulitzer Prize winning editorial writer at The Wall Street Journal who was known for his richly reported pieces and influence on policy makers, was found dead Thursday evening at his home in Manhattan. He was 34 years old.
The New York Police Department found Mr. Rago dead in his apartment at 7:40 p.m., according to a police official. The authorities went to check on Mr. Rago after he didn’t show up for work on Thursday. Paul Gigot, the editor of the Journal’s editorial page, had alerted the paper’s security officials, who then contacted the police.
Full text down below.
In what could very well end up being just another exercise in futility, Senate Majority Leader Mitch McConnell has just released a new version of a healthcare plan which, among other things, incorporates demands from Senator Ted Cruz (R-TX) and Senator Mike Lee (R-UT) to allow insurers to sell low-cost, skimpier plans all in an effort to draw conservative support for the new bill.
While no one has seen the Senate’s revised healthcare bill as of yet, early indications suggest that it will include a version of a controversial amendment from Senators Ted Cruz (R-TX) and Mike Lee (R-UT) that has become a sticking point in the negotiations. Among other things, the amendment would allow insurers to sell plans that do not meet ObamaCare regulations if they also sell a plan that does meet those rules.
Called the “Consumer Freedom Amendment,” we highlighted the main points of the Cruz/Lee proposal last month:
Right now, prescription drugs kill well over 100,000 Americans per year, even when properly prescribed. The more honest number is likely over 200,000 per year once you consider the opioid epidemic, which is now killing people people than all gun-related deaths and shootings combined.
H/t reader kevin a.
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