Obamacare “Death Spiral”: Maryland Insurer Seeks 50% Premium Increase For 2018

Obamacare “Death Spiral”: Maryland Insurer Seeks 50% Premium Increase For 2018:

“What we’re seeing is greater sickness levels. The pool of beneficiaries is becoming sicker, in part because healthier people are not coming in at the same level we hoped.  We were hoping for more stability. The factors that I have described to you today lead to instability and to a spiral, and we think we are in the beginning of that.”

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Republicans Pass Obamacare Replacement Bill; Let The Senate Bickering Begin

Republicans Pass Obamacare Replacement Bill; Let The Senate Bickering Begin:

After a stunning defeat on March 24th, followed by over a month of back and forth bickering, Paul Ryan & Co. has finally passed an Obamacare replacement bill by a final vote of 217 – 213.

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Trump Backtracks; Confirms We “Have To Do Healthcare Before Tax Reform”

Trump Backtracks; Confirms We “Have To Do Healthcare Before Tax Reform”:

Bartiromo:  “But, do you have to do healthcare before tax reform?

Trump:  “Yes.  I’m saving a tremendous amount, hundreds and hundreds of millions of dollars we’re saving on healthcare.  And all of that saving goes into the tax. If you don’t do that, you can’t put any of the savings into the tax cuts.”

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Suddenly, Both Obamacare Repeal And Trump Tax Reform Are Dead

Suddenly, Both Obamacare Repeal And Trump Tax Reform Are Dead:

It was a one-two knockout punch for anyone still holding out hope that Trump’s domestic economic policies will take place in the near, or not even so near, future.

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This Is The Nightmare Scenario For The GOP: A $2 Trillion Funding “Hole”

This Is The Nightmare Scenario For The GOP: A $2 Trillion Funding “Hole”:

When one strips away the partisan rhetoric and posturing, the practical impact of Friday’s GOP failure to repeal Obamacare has a specific monetary impact: a funding hole that is at least $1 trillion bigger, and perhaps as large as $2.2 trillion.

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In Blow To Trump, Obamacare Repeal Fails: Republicans Withdraw Healthcare Bill

In Blow To Trump, Obamacare Repeal Fails: Republicans Withdraw Healthcare Bill:

After Trump’s Thursday ultimatum failed to yield more “yes” votes, the embattled bill seeking to replace major parts of Obamacare was yanked Friday from the floor of the House.

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Watch Live: Paul Ryan Explains Why He Pulled The Health Bill

Watch Live: Paul Ryan Explains Why He Pulled The Health Bill:

Following two days of utter chaos in Washington D.C., the Republicans in the House have finally called it quits and laid to rest, at least for now, efforts to repeal and replace Obamacare.  Tune in here as Paul Ryan attempts to explain the failure.

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Pelosi: The People Deserve To Know What’s In Healthcare Bill Before We Pass It

Pelosi: The People Deserve To Know What’s In Healthcare Bill Before We Pass It:

2010 Obamacare: “we have to pass the bill so that you can find out what is in it.”

2017 Trumpcare: [we] have a right to know the full impact of this legislation before any vote in Committee or by the whole House.”

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Pelosi Slams ‘TrumpCare’: “Couldn’t Be Worse… Biggest Wealth Transfer Ever”

Pelosi Slams ‘TrumpCare’: “Couldn’t Be Worse… Biggest Wealth Transfer Ever”:

Following Chuck Schumer’s denigration of ‘Trumpcare’ overnight, Nancy Pelosi has come out swinging this morning to press the same narrative to the American people: It “couldn’t be worse” she exclaimed on ABC’s ‘This Morning’

Here is what Senate minority leader Chuck Schumer had to say about the Republican’s plan for “TrumpCare” last night…

Trumpcare doesn’t replace the Affordable Care Act, it forces millions of Americans to pay more for less care. This plan would cut and cap Medicaid, defund Planned Parenthood, and force Americans, particularly older Americans, to pay more out of pocket for their medical care all so insurance companies can pad their bottom line.

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Healthcare Chaos Emerges After Trump Backtracks, Demands Immediate Repeal Of “Catastrophic” Obamacare

Healthcare Chaos Emerges After Trump Backtracks, Demands Immediate Repeal Of “Catastrophic” Obamacare:

Perhaps as a result an angry backlash to last night’s report by the WSJ that President-elect Donald Trump had allegedly sided with Rand Paul in pushing to delay the repeal of Obamacare until such time as there is a suitable replacement option, which as we explained are two entirely distinct processes, and that an ACA replacement could take years as it would require bipartisan support, moments ago the the NYT reported that Trump appears to have backtracked on his position as recently as yesterday, and has pressed Republicans to move forward with the “immediate repeal” of the Affordable Care Act and to replace it very quickly thereafter, saying, “We have to get to business. Obamacare has been a catastrophic event.”

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Trump Reveals Policy Goals: “Building That Wall”, End “War On Coal”, Repeal Obamacare, Dismantle Dodd-Frank

Trump Reveals Policy Goals: “Building That Wall”, End “War On Coal”, Repeal Obamacare, Dismantle Dodd-Frank:

On his transition website GreatAgain.gov, the Trump team has laid out the framework of his initial policies with policies focused i) on American Security including as Defense and National security, Immigration Reform and Building That Wall, and Energy Independence; ii) Getting America Back to Work Again including Tax Reform; Regulatory Reform; Trade Reform; Education; Transportation & Infrastructure and Financial Services Reform; and iii) Government for the people including Healthcare Reform (Obamacare), Veterans Administration Reform and Protecting Americans’ Constitutional Rights.

The key highlights include:

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Economist Predicts Rising Obamacare Costs Will Lead To Riots

Economist Predicts Rising Obamacare Costs Will Lead To Riots:

“I think you do have to say that A, it’s failing and that B, I think next year, you’re going to have a bunch of people that don’t get the subsidies that make the premiums a little bit more affordable that are just going to riot because it’s just too expensive for most people if you don’t qualify for subsidies.

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Obamacare Premiums Up 30% In TX, MS, KS; 50% In IL, AZ, PA; 93% In NM: When Does The Death Spiral Blow Up?

You can’t make this stuff up.


Obamacare-------

Obamacare Premiums Up 30% In TX, MS, KS; 50% In IL, AZ, PA; 93% In NM: When Does The Death Spiral Blow Up?:

Obamacare premiums are skyrocketing out of sight. A jump of a mere 30% looks like a good deal compared to jumps of over 50% in six states, and 93% in New Mexico.

Congratulations are in order for those living in a handful of states whose premiums only rose 20%.

The Wall Street Journal reports Rate Increases for Health Plans Pose Serious Test for Obama’s Signature Law.

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