Obamacare’s Death Spiral Continues to Leave Insurers Guessing on Future of Marketplaces
Fresh off the heels of Humana’s decision to leave the Obamacare marketplace in 2018, Aetna categorized the status of the health care law as being in a “death spiral.”
“It’s not going to get any better; it’s getting worse,” said Aetna CEO Mark Bertolini, according to Politico Pro. And just yesterday, Molina Healthcare, the poster child of Obamacare, signaled their concerns about staying in the exchanges citing “too many unknowns.”
It’s an unfortunate reality that’s paved with skyrocketing premiums and deductibles, less choice, and higher out-of-pocket costs. It doesn’t help that days before a new administration, the Obama administration locked in the plan rules and mandates for 2018 – earlier than ever before.
House Republicans are working to quickly repeal Obamacare and rebuild our health care system with patient-centered reforms. Wednesday morning, the Trump administration issued a proposed rule which will address problems with special enrollment periods and other loopholes.
“…these changes will help protect taxpayers and stabilize markets,” said full committee Chairman Greg Walden (R-OR) and Health Subcommittee Chairman Michael C. Burgess, M.D. (R-TX).
While Obamacare continues to keep insurers guessing, one thing is for certain. Patients can’t wait – they need relief.